It is estimated for the global elastomeric adhesives market to grow at a CAGR of 5.7% during the forecast period of 2022 to 2030. The market witnessed growth at a healthy CAGR even during the previous forecast period of 2018 to 2021.
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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.
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.
Global Elastomeric Adhesives Market – Segmental Assessment
By Type
• Silane Modified Polymers
• Polyurethanes
• Silicones
It is estimated for the Silane Modified Polymers segment to drive the growth of the market.
By Application
• Automotive
• Transportation
• Building and Construction
• Electrical and Electronic Equipment
• Others
It is estimated for the Electrical and Electronic Equipment segment to drive the growth of the market.
Global 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.
Global 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.
Report Scope
Global Elastomeric Adhesives Market : Historical Years (2018 to 2021)
Global Elastomeric Adhesives Market : Forecast years (2022 to 2030)
Global Sonar System Market CAGR 5.7%
Key Segments Reported
• By Type (Silane Modified Polymers, Polyurethanes and Silicones)
• By Application (Automotive, Transportation, Building and Construction, Electrical and Electronic Equipment and Others)
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.
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