Elastomeric Adhesives Market – Overview

Elastomeric Adhesives Market was valued at USD 6,030 million in 2022 and is estimated to reach a value of USD 10,250 million by 2033 with a CAGR of 5.2%. Elastomeric adhesives are air-drying contact adhesives built to be utilized to join seams and butt joints.

Elastomeric adhesives & finishes emit high strength bonds, excellent flexibility, weather resistance, and durability, and prove to be vital in applications which demand resistance to vibration, shock, and impact. Impact resistance, high discard strength, and flexibility are the specifications that the products of elastomeric adhesives possess.

Report Scope

Construction operations such as flooring, tiling, tile grout, and subfloor preparation make use of these adhesives and thus the increasing construction activities across the globe are boosting the growth of the market during the forecast period. Apart from this a variety of sectors for purposes such as sealing, glueing, and coating and thus even the applications in these areas are boosting the growth of the market during the forecast period.

Elastomeric Adhesives Market – Key Trends

Increasing Construction Activities To Boost Market

Increasing government spending on construction factors and infrastructural upgradation in their respective countries is estimated to foster the market demand for the product. Also, the rising demand for lightweight automobiles in the automotive sector is driving product demand around the world.

Wide Range Of Usage Of These Adhesives To Foster The Market Growth

Construction operations such as flooring, tiling, tile grout, and subfloor preparation make use of these adhesives and thus the increasing construction activities across the globe are boosting the growth of the market during the forecast period. Apart from this a variety of sectors for purposes such as sealing, glueing, and coating and thus even the applications in these areas are boosting the growth of the market during the forecast period.

Elastomeric Adhesives Market – Geographical Landscape

It is estimated for the Asia Pacific region to witness immense growth in the market. The region is expected to grow at a healthy CAGR of during the forecast period. The market in Europe is projected to grow at a stable CAGR during the forecast period. The rising population in the region of Asia Pacific leading to increasing constriction activities is driving the growth of the market during the forecast period.

The demand for elastomeric adhesives in Latin America is expected to grow at a significant rate in the coming years. The growth is attributed to the increasing demand for high-performance and eco-friendly adhesives in various end-use industries, such as construction, automotive, and packaging.

The construction industry is the largest consumer of elastomeric adhesives in Latin America, driven by the region's growing infrastructure development and renovation activities. The use of elastomeric adhesives in the construction industry offers several benefits, such as improved bonding strength, durability, and resistance to extreme temperatures and harsh chemicals.

Moreover, the increasing demand for lightweight and fuel-efficient vehicles in the automotive industry is driving the use of elastomeric adhesives in the region. Elastomeric adhesives are used for bonding various components in automobiles, such as body panels, trims, and insulation materials, offering improved safety and performance.

The packaging industry is also expected to drive the demand for elastomeric adhesives in Latin America, driven by the increasing demand for eco-friendly and sustainable packaging solutions.

Overall, the growing demand for high-performance and sustainable adhesives in various end-use industries is expected to drive the growth of the elastomeric adhesives market in Latin America in the coming years.

Elastomeric Adhesives Market – Competitive Hierarchy

3M, Sika Group, CRC Industries, Master Bond, Avery Dennison, Cemedine, Polymeric Systemsand Techniseal are the players that are driving the growth of the market during the forecast period.

Elastomeric Adhesives Market- Segmental Assessment

By Type

• Silane Modified Polymers

• Polyurethanes

• Silicones

By Application

• Automotive

• Transportation

• Building and Construction

• Electrical and Electronic Equipment

• Others

Regions

North America

·         U.S.

·         Canada

·         Mexico

Europe

·         Germany

·         U.K.

·         France

·         Italy

·         Spain

·         Russia

·         Rest of Europe

Asia Pacific

·         China

·         Japan

·         India

·         Australia

·         Korea

·         Rest of Asia pacific

South America

·         Brazil

·         Argentina

·         Colombia

·         Rest of South America

Middle East & Africa

·         UAE

·         Saudi Arabia

·         Egypt

·         Oman

·         Kuwait

·         South Africa

·         Rest of MEA