Global Elastic Adhesive Market is expected to reach USD 21.35 Billion by 2024 from USD 13.74 Billion in 2016 at a CAGR of 6.5 %. Escalating adoption of elastic adhesives from end-use industries like construction, transport etc coupled with the rising need for low carbon emitting vehicles will drive the market during the forecast period. Lack of awareness among end users regarding the benefits offered by elastic adhesives is expected to restrain the growth of the elastic adhesive market. 
Polyurethane segment is expected to be major contributor for the market growth during the forecast period while, silicone segment is expected to grow at a high CAGR during the forecast period. Polyurethane resin are largely used for bonding windscreens and side and rear windows of cars, trucks and other vehicles. Silicone resin are used for joints and sealed glass in windows, solar panels and others. Geographically, the elastic adhesive market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia Pacific is predicted to grow at highest CAGR due to the increasing standard of living and increasing government investment in the building & construction sector in this region. industrialization has uplifted the elastic adhesives market in Asia pacific region.
Elastic Adhesives Market, by Resin Type:
• Polyurethane • Silane Modified Polymers (SMP) • Silicone • Others
Elastic Adhesives Market, by Application:
• Industrial • Construction • Automotive & Transportation Elastic Adhesives Market, by Geography: • North America • Europe • Asia Pacific • Middle East & Africa • Latin America Key Players Operating in the Elastic Adhesives Market: • Henkel (Germany) • Arkema (France) • 3M (US) • Weicon (Germany) • Sika (Switzerland) • Wacker Chemie (Germany) • DOW Chemical (US) • Threebond (US) • H.B. Fuller (US) • Cemedine (Japan) • Mapei (Italy) • Grupo Celo (Spain) • Beijing Comens New Materials (China) • Hermann Otto (Germany) • Kleiberit (Germany)
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