Elastic Adhesive Market to Grow with a CAGR of 6.24% through 2030

Growing demand of elastic adhesive in construction and automotive industries are expected to drive the Global Elastic Adhesive Market growth in the forecast period, 2026-2030

According to TechSci Research report, “Elastic Adhesive Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Elastic Adhesive Market stood at USD 20.55 Billion in 2024 and is anticipated to grow with a CAGR of 6.24% in the forecast period, 2026-2030.

Government-led initiatives have played a critical role in shaping favorable market conditions for the global elastic adhesive market, particularly by stimulating demand across strategic sectors such as construction, infrastructure, and electric mobility. In India, targeted policy frameworks and developmental programs are directly accelerating the adoption of high-performance adhesive technologies.

India’s Smart Cities Mission, aimed at developing sustainable and technologically integrated urban centers, has created a strong demand for advanced construction materials including elastic adhesives and sealants. These materials are integral to the structural performance and longevity of modern infrastructure. Their ability to bond dissimilar substrates with high strength, seal expansion joints, and provide durability under environmental stress makes them indispensable for smart city construction projects, where design complexity and functional reliability are paramount.

The Indian government’s “Make in India” initiative, with a strong emphasis on boosting domestic electric vehicle (EV) manufacturing, has further accelerated the consumption of elastic adhesives especially polyurethane-based variants. These adhesives are critical in EV assembly processes such as battery enclosure sealing, structural bonding of lightweight components, and noise and vibration reduction. As EV production scales, so does the demand for elastic adhesives that can meet the stringent performance and safety requirements of next-generation mobility solutions.

Parallel to demand-side growth, sustained investment in research and development has emerged as a catalyst for innovation in the elastic adhesive sector. Manufacturers are channeling capital into advanced polymer chemistry and formulation engineering to develop adhesives with superior flexibility, curing speed, and environmental resistance. These innovations have allowed companies to tailor solutions for specific industry needs, creating differentiated product offerings with higher value propositions. Government-backed R&D incentives ranging from tax benefits to institutional partnerships have fostered a supportive innovation ecosystem. These initiatives not only facilitate technology incubation and commercialization but also enable cross-industry collaboration, accelerating product development cycles. The combined effect of private R&D and public policy support has resulted in a steady pipeline of advanced adhesive technologies entering the market.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Elastic Adhesive Market”

The Global Elastic Adhesive Market is segmented into resin type, end user, regional distribution, and company.

The construction segment is projected to experience rapid growth during the forecast period. The growth in the industry can be attributed to several factors. Firstly, the increasing urbanization across various regions has led to a rise in demand for construction and infrastructure development. With rising disposable income, people are investing in new residential complexes, high-rises, and commercial buildings, further driving the demand for construction materials. The industrial application segment is expected to experience significant growth. This can be attributed to the increasing demand for industrial equipment and machinery, which is supported by the rising investment in infrastructure projects such as new factories and power plants. Additionally, the adoption of green technologies and innovations in manufacturing processes is also contributing to the growth of the industry. These trends indicate a positive outlook for the industry, with both the construction and industrial sectors expected to experience sustained growth over the forecast period.

Based on region, North America is strategically positioned to witness the fastest growth in the global elastic adhesive market, driven by a convergence of advanced industrial infrastructure, innovation-led manufacturing, and strong demand from high-value sectors such as construction, automotive, aerospace, and electronics. The U.S. and Canada are experiencing robust investments in residential, commercial, and public infrastructure projects particularly those aligned with sustainability and energy efficiency mandates. Elastic adhesives are increasingly favored in these applications for their ability to provide durable, flexible bonding in modern building materials, including glass façades, composite panels, and modular systems. Additionally, the growing adoption of green building certifications like LEED and Energy Star is prompting greater use of low-VOC, environmentally friendly adhesives further stimulating demand across the region. North America is home to major automotive OEMs and EV manufacturers who are at the forefront of vehicle electrification, lightweighting, and autonomous vehicle development. Elastic adhesives, particularly polyurethane and silyl-modified polymer (SMP) based formulations, play a critical role in bonding lightweight components, sealing battery packs, and improving NVH (noise, vibration, harshness) performance. With the Biden administration’s continued push for clean mobility and EV production targets, the region is seeing rising adhesive consumption aligned with EV manufacturing scale-up.

Major companies operating in Global Elastic Adhesive Market are:

• Henkel AG & CO.
• Sika AG
• 3M Company
• H.B. Fuller Company
• Bostik (Arkema) SA
• DuPont de Nemours Inc
• Weicon GmbH & Co. KG
• Three Bond Co. Ltd.
• Beijing Comens New Materials Co Ltd
• Wacker Chemie AG

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“The global elastic adhesive market is on a strong growth trajectory, driven by expanding applications across construction, automotive, electronics, and renewable energy sectors. Rising demand for lightweight, flexible, and durable bonding solutions coupled with ongoing innovations in adhesive formulations and sustainability-focused regulations is reshaping industry standards. As governments and manufacturers worldwide prioritize high-performance materials to support infrastructure modernization, electric mobility, and energy efficiency, elastic adhesives are expected to play an increasingly strategic role. This evolving landscape positions the market for sustained expansion, offering significant growth opportunities for both established players and emerging innovators.,” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Elastic Adhesive Market - Global Industry Size, Share, Trends, Opportunity & Forecast, Segmented By Resin Type (Polyurethane, Silicone, Silane Modified Polymers (SMP), Others), By End User (Construction, Industrial, Automotive, Others), By Region, & Competition, 2020-2030F”, has evaluated the future growth potential of Global Elastic Adhesive Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Elastic Adhesive Market.

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