Elastic Adhesives Market Size is Expected to Grow at a CAGR of 6.40% By 2028 | Reports and Data
Reports and Data estimates the global Elastic Adhesives competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Elastic Adhesives during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include 3M, Henkel, Arkema, Sika, DOW Chemical, Wacker Chemie, H.B. Fuller, Threebond, Weicon, and Cemedine, among others
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Elastic Adhesives Overview :-
The Global Elastic Adhesive Market is projected to grow at a CAGR of 6.3% from USD 19.51 Billion in 2020 to USD 31.82 Billion in 2028. The market is projected to witness considerable growth during the forecast period. Integration of diverse factors contributes to the expansion of this market. One of the mentionable factors in this context is its superior properties of this type of adhesives, which can be applied in the operation of different end-user industries, ranging from the construction sector to the packaging and labeling industry. As compared to other types of adhesives, one of its unique properties is, it provides adhesive properties and rubber-like elasticity at the same time. The mentioned trait of elastic adhesive imbibes some additional features in it like; it has high impact resistance, peel strength, flexibility, and resistant to vibration. The presence of these additional traits in it has resulted in its extensive use in the construction industry. The primary use of this type of adhesive is sealing and bonding diverse substrates. It finds extensive application in construction activities.
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For the purpose of this report Reports and Data has segmented global Elastic Adhesives market on the basis of type, application, and region:
Resin Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2018-2028)
- Silane Modified Polymers (SMP)
End-user Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2018-2028)
- Packaging & labeling
Application Type Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2018-2028)
- Floor covering
- Building maintenance
- Domestic appliances
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Elastic Adhesives during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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