Zion Market Research, the market research group announced the analysis report titled ‘Elastic Bonding Adhesive & Sealant Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024′
Global Elastic Bonding Adhesive & Sealant Market: Overview
Elastic bonding is a modern fastening technique as compared to traditional fastening methods. It bonds two different materials together with a thin layer of permanent elastic adhesive and offers high peel strength, flexibility, and impact resistance to materials. Elastic bonding adhesive & sealant possess varied characteristics according to their end-use applications and products. They are significantly penetrating in the end-user industry markets. Elastic bonding adhesive & sealants are used in various applications such as automotive, glazing, sanitary, flooring, and others. They are eco-friendly in nature. Ongoing research and development in the elastic bonding adhesive & sealant industries for the better adhesion, emission, curing time, and method characteristics show favorable growth condition.
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Global Elastic Bonding Adhesive & Sealant Market: Growth Factors
Some of the growth factors of the global elastic bonding adhesive & sealant market are growing automotive sector in the developed region, high demand in the emerging economies for elastic bonding adhesive & sealant. In addition, reviving construction industries is also fuelling the demand for elastic bonding adhesive & sealant across the world. Manufacturers are focusing on the production of eco-friendly products in the highly regulated markets, which further propels the global market. Escalating demand for elastic bonding adhesive & sealant in industries, such as automotive, flooring, sanitary, glazing, and others may enhance overall elastic bonding adhesive & sealants consumption.
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Global Elastic Bonding Adhesive & Sealant Market: Segmentation
The global elastic bonding adhesive & sealant market is categorized based on applications as construction sealant, industrial sealant, construction adhesive, and industrial adhesive. On the basis of types, the global market is classified as silane modified polymers, polyurethane, silicone, and others. Furthermore, the global market is divided based on geography as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Elastic Bonding Adhesive & Sealant Market: Regional Analysis
High demand in North America for elastic bonding adhesive & sealant may drive the global market in the coming years. Increasing development in this region is backed by increased manufacturing growth and the entrance of newer industrial applications is anticipated to foster the global elastic bonding adhesive & sealant market growth. Europe contributed for the largest market share in the global market. However, growth in developed economies in European countries is expected to fuel the global elastic bonding adhesive & sealant market in future.
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Global Elastic Bonding Adhesive & Sealant Market: Competitive Players
Some of the major players in the global elastic bonding adhesive & sealant market are Threebond Group, Weicon GMBH & Co. KG, Cemedine Co., Ltd., H. B. Fuller, and Henkel Corporation. Other players in the market include Wacker Chemie AG, Dow Chemical Company, SIKA AG, 3M Company, and Bostik.
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