New York, Aug. 21, 2019 (GLOBE NEWSWIRE) -- The rise in demand from the Panel and Glazing Applications, developments in Adhesive Bonding technology and the increase in the use of Silicone Elastic Bonding Sealants & Adhesives have resulted in boosting the elastic adhesive market.
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. Furthermore, various research and developmental activities associated with the market are increasing the awareness about this type of adhesives. Yonsei University College of Medicine has conducted one of such mentionable researches. They emphasized on observing the impact of elastic adhesive tapes on lymphatic flow in the hind leg of rabbit. The study came up with the conclusion that enhancing the area of application of the tape increases the lymph flow rate. The findings of the study provided with a therapeutic method for patients with peripheral lymphedema.
In context of region, North America holds a considerable market share. 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.
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Further key findings from the report suggest
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Segments covered in the report:
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)
End-user Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
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Regional Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)
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