![]() |
Elastic Adhesives & Sealants Market Anticipated to Exceed $22 Billion by 2024 - Rising Demand for SMP Adhesives Drives Market Growth | ![]() |
Thursday, 05. September 2019 11:59 |
---|
Dublin, Sept. 05, 2019 (GLOBE NEWSWIRE) -- The "Elastic Adhesives & Sealants Market by Resin Type (Polyurethane, Silicone, SMP), End-Use Industry (Construction, Industrial, Automotive & Transportation), Region (North America, Europe, APAC, South America, Middle East & Africa) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering. The key companies profiled in this report are the Henkel AG & CO. KGaA (Germany), Arkema S.A. (France), H.B. Fuller Company (US), DowDuPont Inc. (US), Sika AG (Switzerland), and 3M Company (US). The elastic adhesives & sealants market is projected to register a CAGR of 6.9%, in terms of value, between 2019 and 2024 The growth of end-use industries such as construction, industrial, and automotive & transportation as well as growing demand for silicone and SMP adhesives are the key factors driving the elastic adhesives & sealants market. However, the lack of acceptance from end-users is expected to hamper the growth of the market. The SMP segment is estimated to be the fastest-growing segment of the overall elastic adhesives & sealants market during the forecast period SMP resin market is projected to register the highest CAGR, aided by the stringent environmental regulations. These regulations prohibit the use of highly toxic solvents, which have VOC emissions. As SMP adhesives & sealants are odorless, free of isocyanates and solvents, and emit no VOCs, their demand is expected to increase. In addition, they do not require primers and have adhesion with almost every substrate, excellent weathering resistance, color stability, and UV resistance, and are easily paintable and retain the quality of paint. The elastic adhesives & sealants market in the automotive & transportation end-use industry is expected to witness the highest CAGR during the forecast period Elastic adhesives & sealants find numerous uses in automobiles, such as in front glass windshield, side glass, and car body. They are used in places requiring moderate adhesion but high elongation. For vehicle manufacturers, the use of elastic adhesives with their multi-function properties reduces the number of separate processing stages and enables a more streamlined production operation. Further, the customer also benefits from fuel savings with the use of lightweight and elastic bonded materials. APAC elastic adhesives & sealants market is estimated to register the highest CAGR during the forecast period The APAC elastic adhesives & sealants market is segmented into China, Japan, India, Indonesia, and Rest of APAC. The APAC region is a lucrative market for elastic adhesives & sealants owing to the increasing demand from packaging industries and improving economic conditions. Product innovations, new research and development projects, and increasing demand from various end-use industries have also fueled the demand for elastic adhesives & sealants in APAC. Key Topics Covered 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Elastic Bonding Adhesives & Sealants Market, By Resin Type 7 Elastic Bonding Adhesives & Sealants Market, By End-Use Industry and Application 8 Elastic Bonding Adhesives & Sealants Market, Regional Analysis 9 Competitive Landscape 10 Competitive Landscape 11 Company Profiles For more information about this report visit https://www.researchandmarkets.com/r/b7ppl6 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 |
Related Links: |
Author: Copyright GlobeNewswire, Inc. 2016. All rights reserved. You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account. |