Market Size of Elastic Bonding Adhesive and Sealant Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Elastic Bonding Adhesive and Sealant Market Analysis
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.
