DALLAS, April 29, 2015 /PRNewswire/ --
The report "Elastic Bonding Adhesive & Sealant Market by Type (Polyurethane, Silicone, Silane Modified Polymer, & Others), by Application (Construction Adhesive, Industrial Adhesive, Construction Sealants, & Industrial Sealants) - Global Forecast to 2020", published by MarketsandMarkets, The global Elastic Bonding Adhesive & Sealant Market was estimated at is $14 Billion in 2014, which is projected to grow at a CAGR of 6.1% between 2015 and 2020, and reach $20 Billion by 2020.
Browse 80 market data Tables and 60 Figures spread through 164 Pages and in-depth TOC on "Elastic Bonding Adhesive & Sealant Market"
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The elastic bonding adhesive & sealant applications are significantly penetrating the end-user industry markets. They have different characteristics as per their manufacturing and application requirements in the end products. The Asia-Pacific region is expected to dominate the global market with its growing demand for elastic bonding adhesive & sealant in different application segments, such as the glazing, flooring, sanitary, automotive, and other. The Asia-Pacific is the most potential market and is estimated to grow at the highest CAGR in the next five years, with the allied industries expected to boost the overall business need in the respective regions.
R&D is expected to be a key part of the elastic bonding adhesive & sealant market as newer products with better adhesion, curing time & method, & emission characteristics which are eco-friendly in nature, can be the vital drivers of the market. Manufacturing companies, research associations, and end-product manufacturers need to infuse high investments for future advancements and technology modifications of elastic bonding adhesive & sealant to match the demands coming newer applications of various end-user industries.
Europe is the largest region, both in terms of volume and value, followed by North America and Asia-Pacific. China, India, Brazil, South-East Asian countries, and the Middle-Eastern countries are expected to continue as high growth markets. The key players in the global elastic bonding adhesive & sealant 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.
The growing automotive industry of the developed regions such as the North America & the European play a major role in the demand for the elastic bonding adhesive & sealant. Also the reviving construction industry will play a key role in pulling the demand for elastic bonding adhesive & sealant. The manufacturers are also focusing on the production of eco-friendly products in these highly regulated markets.
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The elastic bonding adhesive & sealant demand, in terms of value and volume, depicts the current and future projections, according to the parallel economic and industry outlook. This analysis covers important developments, expansions, agreements, and partnerships of the leading global companies.
The global elastic bonding adhesive & sealant market was estimated at is $14 billion in 2014, which is projected to grow at a CAGR of 6.1% between 2015 and 2020, and reach $20 billion by 2020. The high demand across the industries, such as glazing, flooring, sanitary, automotive, and others, are expected to increase the overall elastic bonding adhesive & sealants consumption.
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