Elastic Bonding Adhesive & Sealant Market is Projected to Reach $20 Billion by 2020

Date: 2015-08-31

“The report covers the global elastic bonding adhesive & sealant market. It divides the market on the basis of types, applications and regions. The market data for these types is given with respect to volume (Kilo Tons) and value ($Million). The market size in terms of volume of elastic bonding adhesive & sealant is projected to reach $20 billion by 2020 with a CAGR of 6.1% between 2015 and 2020. The data mentioned in the report is based on the overall demand for the elastic bonding adhesive & sealants.

The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in the developed economies of North American and European countries. It is backed by increased manufacturing growth, and newer industrial applications. Also, the economic stability in the European region and the U.S. has affected the economy of other developed countries that are of key importance for the commercial success of new materials and their end-user markets.

The global elastic bonding adhesive & sealant market is also classified based on different applications. The key companies in this market are Henkel Corporation (Germany), Sika A.G. (Switzerland), Bostik (France), Dow chemical Company (U.S.), 3M (U.S.), H.B. Fuller (U.S.), Wacker Chemie (Germany), Weicon GmbH & Co. KG (Germany), Cemedine (Japan), ThreeBond Group (Japan), and others. These companies are consistently focusing on launching new products and investment & expansions to achieve a competitive advantage, and thereby serving the customers more effectively. Investments in the research & development and launch new products were the most preferred strategy by the top players from 2011 to 2014.

These companies are projected to focus on new product developments to cater to the high demand statistics of the market. For instance, increasing end-user demand for eco-friendly elastic bonding adhesive & sealant led adhesives manufacturers to focus on SMP adhesive & sealant. Recently in move to further go ahead for eco-friendly products ThreeBond launched a castor oil based adhesive recently.

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