Elastic Bonding Adhesive and Sealant Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Elastic Bonding Adhesive and Sealant Market is segmented by Resin Type (Silyl and Silane Modified Polymers, Polyurethane, Silicone, and Other Resin Type), End-user Industry (Automotive and Transportation, Building and Construction, Industrial, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Elastic bonding adhesive sealant market Overview
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %
Elastic bonding adhesive sealant market Key Players

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Market Overview

The market for elastic bonding adhesive sealant is expected to register a CAGR of greater than 5% globally during the forecast period. Elastic adhesives are based on special denatured polymer and have strong rubber-like elasticity with adhesion properties.

  • The increasing applications of elastic bonding adhesives in the automotive and transportation industry are contributing to the growth and driving the demand. Moreover, the growing demand for high-rise buildings is also expected to drive the market.
  • On the flip side, the stringent regulations for the production of these adhesives are expected to hinder the market growth. Moreover, the unfavorable conditions arising due to the COVID-19 outbreak is also expected to hamper the market growth.
  • Asia-Pacific is the largest market for these adhesives due to the established industrial production and growth in the construction industry.

Scope of the Report

The elastic bonding adhesive and sealant market report includes:

Silyl and Silane Modified Polymers
Other Products
End-user Industry
Automotive and Transportation
Building and Construction
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Automotive and Transportation to Dominate the Market

  • Elastic adhesives and sealants have a range of characteristics and physical properties, such as good cohesion, adhesion, elasticity, high cohesive strength, flexibility, and improved peel strength.
  • It provides environmental resistance from corrosion, UV light, saltwater, rain, and other weathering conditions, and maintains adhesive chemistry and physical bond. Therefore, it has a wide range of applications.
  • The market is quite extensive and includes many applications in the transportation industry, such as aircraft and aerospace, railways, vehicle assembly, marine, windshields, automotive module sealing, etc.
  • The global automotive manufacturing sector is growing at a consistent rate, with Asia-Pacific and Europe witnessing steady growth in the total number of motor vehicles produced.
  • However, the trend changed in 2019 with the aforementioned regions witnessing a decline in automotive production. Factors, such as low costs of skilled labor, abundant availability of raw materials, and regular advances in the manufacturing technologies, are encouraging many automotive OEMs to emphasize on expanding their production facilities in the regions.
  • Major car manufacturers, such as Chevrolet, Daimler, Jeep, Audi, Volvo, and Kia, have either set up their automotive manufacturing facilities or are planning to start new facilities in the Asia-Pacific region. This is expected to increase the demand for elastic bonding adhesives and sealants during the forecast period.
Elastic bonding adhesive sealant market Key Trends

The Asia-Pacific Region to Dominate the Market

  • Asia-Pacific is expected to be the dominating region in the elastic adhesives market, with the steady growth in the new construction projects and established industrial and automotive industry.
  • Countries, like China, India, Indonesia, Thailand, and Vietnam, are the key countries attracting the demand for these adhesives.
  • China remains the industrial base in the region with recognized automotive manufacturing. The country produces approximately 50% of the automotive of the total production in the region. Other major automotive producing nations include Japan, India, South Korea, and Thailand.
  • Japan and South Korea also possess a well-positioned shipbuilding industry in the region, which is also likely to add up to the demand for these adhesives.
  • China and India are witnessing investment in the construction sector, as the demand for commercial and residential building is on the rise. The investment slowed down due to the sudden outbreak of COVID-19. However, it is expected to gain pace by 2021 again.
  • These factors are expected to majorly contribute to the demand for elastic bonding adhesives and sealants during the forecast period.
Elastic bonding adhesive sealant market Growth by Region

Competitive Landscape

The global elastic bonding adhesive sealant market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are Henkel AG & Co. KGaA, Arkema SA, H.B. Fuller Company, Sika AG, and 3M.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Applications in the Automotive and Transportation Industry

      2. 4.1.2 Growing Demand for High-rise Buildings

    2. 4.2 Restraints

      1. 4.2.1 Unfavorable Conditions Arising Due to the COVID-19 Outbreak

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition


    1. 5.1 Product

      1. 5.1.1 Silyl and Silane Modified Polymers

      2. 5.1.2 Polyutrethane

      3. 5.1.3 Silicone

      4. 5.1.4 Other Products

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive and Transportation

      2. 5.2.2 Building and Construction

      3. 5.2.3 Industrial

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Arkema SA

      3. 6.4.3 Cemedine

      4. 6.4.4 Dow

      5. 6.4.5 H.B. Fuller Company

      6. 6.4.6 Henkel AG & CO. KGAA

      7. 6.4.7 Sika AG

      8. 6.4.8 ThreeBond Holdings Co. Ltd

      9. 6.4.9 Mapei SpA

      10. 6.4.10 Weicon GmbH & Co. KG

      11. 6.4.11 Jowat SE

    5. *List Not Exhaustive

    1. 7.1 Adhesive Bonding Leading to Revolutionary Advances for Safety and Ease of Application

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Elastic Bonding Adhesive and Sealant Market market is studied from 2016 - 2026.

The Elastic Bonding Adhesive and Sealant Market is growing at a CAGR of >5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Henkel AG & CO. KGaA, Sika AG , 3M, Bostik (Arkema), H.B. Fuller Company are the major companies operating in Elastic Bonding Adhesive and Sealant Market.

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