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Elastic Adhesive Market Experience a Significant Dip in 2020 Influenced by COVID-19 Pandemic | Long-term Outlook Remains

Elastic Adhesive Market<br>

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Elastic Adhesive Market Experience a Significant Dip in 2020 Influenced by COVID-19 Pandemic | Long-term Outlook Remains

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  1. Elastic Adhesive Market To Reach USD 29.76 Billion By 2026 www.reportsanddata.com

  2. Market Summary The global elastic adhesive market is forecast to reach USD 29.76 Billion by 2026, according to a new report by Reports and Data. The elastic adhesive market is forecasted to witness a significant growth during the forecast period. Elementary factors like expansion of end-user industries like construction sector & automotive industry, associated increased demand for this type of adhesive, the rise in demand from the Panel & Glazing Applications, developments in in Adhesive Bonding technology and the increase in use of Silicone Elastic Bonding Sealants & Adhesives have resulted in propelling the growth of the market. The rise in demand for Lightweight and Low Carbon Emitting Vehicles are also spurring the expansion of the market. The underlying reason being, to reduce the weight of vehicles, metal pins are increasingly replaced with heavy-duty adhesives, which results in increase in demand for elastic adhesives. Its traits like flexibility and extreme absorption of shock and vibration make it appropriate for use in the automotive industry. www.reportsanddata.com Read More: https://www.reportsanddata.com/report-detail/elastic-adhesives-market

  3. Market Summary Further key findings from the report suggest • In the context of End-users, the market has been segmented into Transportation, Construction, Electronics, Packaging & labeling, and Others. Among these segments, the Construction segment can be seen to lead the market occupying the largest market share of 49.0% in 2018, with the growth rate of 6.6% during the forecast period. Traits of this type of the adhesives like fast curing, considerable stress recovery, and adherence provided to non-primed surfaces, and protection of surfaces from abrasion makes it an appropriate choice for the construction industry. • In regards to Application, Building maintenance segment generated the highest revenue of USD 5.51 Billion in 2018 with a CAGR of 6.7% during the forecast period. Revenue generated by this segment is attributed to increasing investment in infrastructural development and applicability of elastic adhesive on diverse substrates. • In regards to region, North America holds the second-largest markets share of 25.0% in 2018 with a CAGR of 6.3% during the forecast period. Factors like increasing demand for low weight automotive that are low carbon-emitting and fuel-efficient have resulted in increased application and expansion of the market in this region. • Key participants include 3M, Henkel, Arkema, Sika, DOW Chemical, Wacker Chemie, H.B. Fuller, Threebond, Weicon, and Cemedine. www.reportsanddata.com

  4. Market Summary For the purpose of this report, Reports and Data have segmented the global elastic adhesive market according to Resin Type, End-user, Application, and Region: • Resin Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026) Silane Modified Polymers (SMP) Polyurethane Silicone Others • • • • • Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026) Floor covering Building maintenance Automobile Domestic appliances Ships • • • • • • www.reportsanddata.com

  5. About Us About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. Contact US Contact US We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. www.reportsanddata.com John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com

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