Global Elastic Adhesive Market Size By Type (Polyurethane, Silicone), By Application (Building & Construction, Industrial), By Geographic Scope And Forecast

Elastic Adhesive Market Size And Forecast

Elastic Adhesive Market size was valued at USD 24.39 Billion in 2024 and is projected to reach USD 42.22 Billion by 2031, growing at a CAGR of 7.10% from 2024 to 2031.

Elastic Adhesives are employed in medical devices due to their superior bonding capabilities, which is what is fueling the market's expansion through new developments and innovations in medical technology. Further propelling market expansion is the soaring demand for glazing and window panel applications. The Global Elastic Adhesive Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.

Global Elastic Adhesive Market Definition

Elastic Adhesives are essentially flexible adhesives that provide great adhesive strength to various materials and are frequently employed in building and construction activities, the automotive industry, and the transportation sector. These adhesives strengthen the items' longevity by forming an elastic or rubber connection.

Global Elastic Adhesive Market Definition

Elastic Adhesives are essentially flexible adhesives that provide great adhesive strength to various materials and are frequently employed in building and construction activities, the automotive industry, and the transportation sector. These adhesives strengthen the items' longevity by forming an elastic or rubber connection.

Elastic Adhesive Market, By Type

• Polyurethane
• Silicone
• Silane-Modified Polymers (SMP)
• Others

Based on Type, The market is segmented into Polyurethane, Silicone, Silane-Modified Polymers (SMP), and Others. The Polyurethane segment is anticipated to dominate the Elastic Adhesive Market. They offer greater adhesion and painting qualities and are mainly used to bind windscreens and side and rear windows of vehicles, lorries, and tractors. Additionally, they undergo polyaddition processes to cure, developing a somewhat reticulated structure and elastomer properties.

Elastic Adhesive Market, By Application

• Building & Construction
• Industrial
• Automotive & Transportation

Based on Application, The market is segmented into Building & Construction, Industrial, Automotive & Transportation. The Building & Construction segment is anticipated to dominate the Elastic Adhesive Market. The primary advantages of Elastic Adhesive over mechanical fastening are their speed and economy of use, which do not compromise durability and do not require drilling, preventing damage or weakening of the substrate. In the building and construction, Elastic Adhesives are used for tilling, subfloor preparation, and flooring.

Elastic Adhesive Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Regional Analysis, Global Elastic Adhesive is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific will hold the largest Elastic Adhesive Market due to expanding government investments, notably in the building and construction sector within the region, and rising income levels, particularly among middle-class residents.

Key Players

The "Global Elastic Adhesive Market" study report will provide valuable insight emphasizing the global market. The major players in the market are Henkel AG & CO., Sika AG, 3M, H.B. Fuller Company, Bostik (Arkema), DowDuPont, Weicon GmbH & Co. KG, Threebond Holdings, Beijing Comens New Materials, Cemedine, Wacker Chemie AG, THREEBOND INTERNATIONAL, and New Polyurethane Technologies.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2023, The first all-temperature, wash-off label adhesive, Flexcryl ClearCycle 1000, was launched by Bostik, the adhesive company of Arkema. The Flexcryl ClearCycle 1000 adhesive with all-temperature, wash-off technology has received official recognition from the Association of Plastic Recyclers (APR) for fulfilling or exceeding the strictest Critical Guidance Criteria for its compatibility with PET bottle label recycling and its usefulness to recycling streams.
• In November 2022, Henkel launched the new Loctite UK 2073-2173 adhesive, based on two-component polyurethane (2K-PU) technology, which is solvent-free, elastic, and intended for excellent performance on various substrates. Henkel has added Loctite UK 2073-2173 to its extensive line of 2-component polyurethane adhesives.
• In November 2022, Dow launched a new VORATRONTM MA 8200S high-bonding adhesives at the 5th China International Import Expo (CIIE 2022). The performance of battery packs for electric cars is greatly improved by the New VORATRONTM MA 8200S high-bonding adhesives in terms of safety, sturdiness, sustainability, integrated assembly, and overall quality.
• Ace Matrix Analysis
• The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
• Market Attractiveness
• The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Elastic Adhesive Market. We cover the major impacting factors driving the industry growth in the given region.
• Porter's Five Forces
• The image provided would further help to get information about Porter's five forces framework providing a blueprint for understanding the behavior of competitors and a player's strategic positioning in the respective industry. Porter's five forces model can be used to assess the competitive landscape in the Global Elastic Adhesive Market, gauge the attractiveness of a certain sector, and assess investment possibilities.