Elastic Adhesive Market by Resin Type (Polyurethane, Silicone, SMP), End-Use Industry (Construction, Industrial, Automotive & Transportation), Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2022

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Date: 21-Mar-2018
No. of pages: 151
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“The elastic adhesive market is projected to grow at a CAGR of 6.68%, in terms of value from2017 to 2022.”

The elastic adhesive market is projected to grow from USD 14.53 billion in 2017 to USD 20.07 billion by 2022, at a CAGR of 6.68% between 2017 and 2022. The scope of the report includes elastic bonding adhesives and sealants. The growing use of superior adhesives and sealants in vehicles and in glazing and flooring applications is expected to fuel the growth of the elastic adhesive market across the globe. However, the lack of awareness among end users about the benefits offered by elastic adhesives is expected to restrain the growth of the elastic adhesive market during the forecast period.

“The automotive & transportation segment of the elastic adhesive market is projected to grow at the highest CAGR during the forecast period.”

The automotive & transportation segment of the elastic adhesive market is projected to grow at the highest CAGR between 2017 and 2022. The high growth of this segment of the market can be attributed to the increased use of elastic adhesives in different applications such as direct glazing. The use of elastic adhesives not only improves aesthetics of automobiles but also reduces their weight, thereby enhancing their fuel efficiency and limiting their carbon emissions. Earlier, adhesives were used for windshield bonding. Presently, they are also used for laminating, bonding, tail lighting, and assembling automotive interior components. Adhesives are also used in headliners and interior trims, among others. Currently, adhesives are developed to ensure compliance with the stringent environmental regulations formulated to keep carbon emissions to a minimum level.

“The rising demand for elastic adhesives from the Asia Pacific region is a key factor expected to rive the growth of the elastic adhesive market in the region during the forecast period.”

The Asia Pacific elastic adhesive market is projected to grow at the highest CAGR during the forecast period. The growth of the Asia Pacific elastic adhesive market is driven by a number of factors such as the rising population of the region, which leads to increased demand for residential and commercial buildings, and improving economy of the region that results in improved infrastructure, which, in turn, leads to the growth of the construction and industrial sectors. The Asia Pacific region is a leading consumer of elastic adhesives across the globe due to the growing use of elastic adhesives in residential, commercial, and infrastructural applications. The elastic adhesive market in countries such as China, India, Thailand, and Indonesia, among others is witnessing strong growth due to the increasing population and flourishing public and residential infrastructures. Thus, the rising demand for elastic adhesives from the emerging economies is projected to drive the growth of the Asia Pacific elastic adhesive market during the forecast period.

In the process of determining and verifying the size of several segments and subsegments of the elastic adhesive market gathered through secondary research, extensive primary interviews have been conducted.

The break-up of the primary interviews has been given below:

•    By Company: Tier 1 –41%, Tier 2 – 33%, and Others –26%

•    By Designation: C Level – 35%, Director Level –36%, and Others –29%

•    By Region: Asia Pacific– 29%, Europe –27%,North America – 26%, South America – 10%, and the Middle East & Africa – 8%

Note: Others include sales managers, marketing managers, and product managers.

The tiers of companies are defined based on their total revenues in 2016: Tier 1: revenue => USD 1 billion, Tier 2: revenue between USD 100 million and USD 1 billion, and Tier 3: revenue =

The key companies profiled in this research report on the elastic adhesive market include Henkel (Germany), 3M (US), Arkema (France), Weicon (Germany), Wacker Chemie (Germany), and Sika (Switzerland), among others.

Research Coverage:

The report covers the market for elastic adhesives and its applications across different industry verticals and regions. It aims at estimating the size of the elastic adhesive market and its potential across different resin types, end-use industries and applications, and regions. The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments undertaken by them, and key growth strategies adopted by them to sustain their position in the elastic adhesive market.

Reasons to Buy the Report

The report is expected to help market leaders/new entrants by providing them the closest approximations of revenues in the elastic adhesive market. This report is also expected to help the stakeholders obtain an improved understanding of the competitive landscape of the market and gain insights to position their businesses and formulate market strategies. The report is also expected to help stakeholders understand the pulse of the market, and acquire information on key drivers, restraints, challenges, and opportunities influencing the growth of the elastic adhesive market.

The report provides insights on the following pointers:


  • Market Penetration: Comprehensive information on elastic adhesives offered by the top market players

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the elastic adhesive market

  • Market Development: Comprehensive information about lucrative emerging markets – the report analyzes the markets for elastic adhesives across varied regions

  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the elastic adhesive market

  • Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the elastic adhesive market

Elastic Adhesive Market by Resin Type (Polyurethane, Silicone, SMP), End-Use Industry (Construction, Industrial, Automotive & Transportation), Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities for Market Players
4.2 Elastic Bonding Adhesives & Sealants Market: Major Resin Types
4.3 Elastic Bonding Adhesives & Sealants Market in APAC
4.4 Global Elastic Bonding Adhesives & Sealants Market
4.5 Elastic Bonding Adhesives & Sealants Market: Developed vs Developing Nations
4.6 Elastic Bonding Adhesives & Sealants Market: Growing Demand From APAC

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Demand From the Glazing and Panel Applications
5.2.1.2 Advancements in Adhesive Bonding Leading to Ease of Application
5.2.1.3 Rising Demand From Developing Countries
5.2.1.4 Growing Demand From End-Use Industries
5.2.1.5 Increasing Use of Silicone Elastic Bonding Adhesives & Sealants in Various Industries
5.2.1.6 Growing Demand for Lightweight and Low Carbon Emitting Vehicles
5.2.1.7 Growing Demand for SMP Adhesives
5.2.2 Restraints
5.2.2.1 Lack of Acceptance From End Users
5.2.3 Opportunities
5.2.3.1 Growing Demand for Non-Hazardous, Green, and Sustainable Elastic Bonding Adhesives & Sealants
5.2.3.2 Innovations Across End-Use Industries
5.2.4 Challenges
5.2.4.1 Stringent Regulatory Approvals Required for Production
5.3 Porter’s Five Forces Analysis
5.3.1 Intensity of Competitive Rivalry
5.3.2 Bargaining Power of Buyers
5.3.3 Bargaining Power of Suppliers
5.3.4 Threat of Substitutes
5.3.5 Threat of New Entrants
5.4 Macroeconomic Overview and Key Indicators
5.4.1 Introduction
5.4.1.1 Global GDP Trends and Forecasts
5.4.1.2 Forecast of the Construction Industry
5.4.1.3 Growth Indicators in the Automotive Industry
5.5 Patent Details
5.5.1 List of Major Patents

6 Elastic Bonding Adhesives & Sealants Market, By Resin Type
6.1 Introduction
6.2 Polyurethane
6.3 Silicone
6.4 Silane Modified Polymers (SMP)
6.5 Others

7 Elastic Bonding Adhesives & Sealants Market, By End-Use Industry and Application
7.1 Introduction
7.2 Construction
7.2.1 Flooring
7.2.2 Glazing
7.2.3 Sanitary & Kitchen
7.2.4 Off-Site Operations
7.2.5 Civil Engineering
7.2.6 Others
7.3 Industrial
7.3.1 Direct Glazing
7.3.2 Assembly
7.3.3 Others
7.4 Automotive & Transportation

8 Elastic Bonding Adhesives & Sealants Market, Regional Analysis
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 Italy
8.3.4 UK
8.3.5 Russia
8.3.6 Turkey
8.3.7 Spain
8.3.8 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 India
8.4.3 Japan
8.4.4 South Korea
8.4.5 Taiwan
8.4.6 Thailand
8.4.7 Malaysia
8.4.8 Rest of APAC
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Colombia
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 Africa
8.6.3 Rest of Middle East & Africa

9 Competitive Landscape
9.1 Overview
9.2 New Product Launches
9.3 Expansions
9.4 Acquisitions

10 Company Profiles
Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View
10.1 Henkel
10.2 Sika
10.3 Arkema
10.4 DOW Chemical
10.5 3M
10.6 H.B. Fuller
10.7 Wacker Chemie
10.8 Weicon
10.9 Threebond
10.10 Cemedine
10.11 Other Players
10.11.1 New Polyurethane Technologies (Npt)
10.11.2 Grupo Celo
10.11.3 Mapei
10.11.4 Beijing Comens New Materials
10.11.5 Hermann Otto
10.11.6 Kleiberit
10.11.7 Soudal
10.11.8 Jowat
10.11.9 Recoll
10.11.10 Aderis
10.11.11 Shanghai Sepna Chemical Technology
10.11.12 Permabond
10.11.13 Tremco Illbruck
10.11.14 Illinois Tool Works
10.11.15 Dymax
10.11.16 Huntsman
10.11.17 Merz+Benteli

*Details Might Not Be Captured in Case of Unlisted Companies.

11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets Subscription Portal
11.3 Introducing RT: Real Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details

List of Tables

Table 1 Elastic Bonding Adhesives & Sealants Market Expected to Register High Growth Rate Between 2017 and 2022
Table 2 GDP Trends and Forecasts, 2016–2022 (USD Billion)
Table 3 North America: Construction Industry, 2015—2022 (USD Billion)
Table 4 Europe: Construction Industry, 2015—2022 (USD Billion)
Table 5 APAC: Construction Industry, 2015—2022 (USD Billion)
Table 6 Middle East & Africa: Construction Industry, 2015—2022 (USD Billion)
Table 7 Latin America: Construction Industry, 2015—2022 (USD Billion)
Table 8 Global Automotive Production, 2011—2016 (Million Units)
Table 9 Adhesive Curing Mechanism, Raw Materials, and Applications
Table 10 Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (USD Million)
Table 11 Elastic Bonding Adhesives & Sealants Market, By Resin Type 2015—2022 (Kiloton)
Table 12 Polyurethane Elastic Bonding Adhesives & Sealants Market Size, By Region, 2015—2022 (USD Million)
Table 13 Polyurethane Elastic Bonding Adhesives & Sealants Market Size, By Region, T2015—2022 (Kiloton)
Table 14 Silicone Elastic Bonding Adhesives & Sealants Applications:
Table 15 Silicone Elastic Bonding Adhesives & Sealants Market Size, By Region, 2015—2022 (USD Million)
Table 16 Silicone Elastic Bonding Adhesives & Sealants Market Size, By Region, 2015—2022 (Kiloton)
Table 17 Comparison of Different Types of Elastic Bonding Adhesives & Sealants
Table 18 SMP Elastic Bonding Adhesives & Sealants Market Size, By Region, 2015—2022 (USD Million)
Table 19 SMP Elastic Bonding Adhesives & Sealants Market Size, By Region, 2015—2022 (Kiloton)
Table 20 Other Elastic Bonding Adhesives & Sealants Market Size, By Region, 2015—2022 (USD Million)
Table 21 Other Elastic Bonding Adhesives & Sealants Market Size, By Region, 2015—2022 (Kiloton)
Table 22 Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (USD Million)
Table 23 Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (Kiloton)
Table 24 Elastic Bonding Adhesives & Sealants Market Size in Construction End-Use Industry, By Region, 2015—2022 (USD Million)
Table 25 Elastic Bonding Adhesives & Sealants Market Size in Construction End-Use Industry, By Region, 2015—2022 (Kiloton)
Table 26 Elastic Bonding Adhesives & Sealants Market Size in Flooring Application, By Region, 2015—2022 (USD Million)
Table 27 Elastic Bonding Adhesives & Sealants Market Size in Flooring Application, By Region, 2015—2022 (Kiloton)
Table 28 Elastic Bonding Adhesives & Sealants Market Size in Glazing Application, By Region, 2015—2022 (USD Million)
Table 29 Elastic Bonding Adhesives & Sealants Market Size in Glazing Application, By Region, 2015–2022 (Kiloton)
Table 30 Elastic Bonding Adhesives & Sealants Market Size in Sanitary & Kitchen Application, By Region, 2015—2022 (USD Million)
Table 31 Elastic Bonding Adhesives & Sealants Market Size in Sanitary & Kitchen Application, By Region, 2015—2022 (Kiloton)
Table 32 Elastic Bonding Adhesives & Sealants Market Size in Off-Site Operations Application, By Region, 2015—2022 (USD Million)
Table 33 Elastic Bonding Adhesives & Sealants Market Size in Off-Site Operations Application, By Region, 2015—2022 (Kiloton)
Table 34 Elastic Bonding Adhesives & Sealants Market Size in Civil Engineering Application, By Region, 2015—2022 (USD Million)
Table 35 Elastic Bonding Adhesives & Sealants Market Size in Civil Engineering Application, By Region, 2015—2022 (Kiloton)
Table 36 Elastic Bonding Adhesives & Sealants Market Size in Other Applications, By Region, 2015—2022 (USD Million)
Table 37 Elastic Bonding Adhesives & Sealants Market Size in Other Applications, By Region, 2015—2022 (Kiloton)
Table 38 Elastic Bonding Adhesives & Sealants Market Size in Industrial Segment, By Region, 2015—2022 (USD Million)
Table 39 Elastic Bonding Adhesives & Sealants Market Size in Industrial Segment, By Region, 2015—2022 (Kiloton)
Table 40 Elastic Bonding Adhesives & Sealants Market Size in Direct Glazing Application, By Region, 2015—2022 (USD Million)
Table 41 Elastic Bonding Adhesives & Sealants Market Size in Direct Glazing Application, By Region, 2015—2022 (Kiloton)
Table 42 Elastic Bonding Adhesives & Sealants Market Size in Assembly Application, By Region, 2015—2022 (USD Million)
Table 43 Elastic Bonding Adhesives & Sealants Market Size in Assembly Application, By Region, 2015—2022 (Kiloton)
Table 44 Elastic Bonding Adhesives & Sealants Market Size in Other Applications, By Region, 2015—2022 (USD Million)
Table 45 Elastic Bonding Adhesives & Sealants Market Size in Other Applications, By Region, 2015—2022 (Kiloton)
Table 46 Elastic Bonding Adhesives & Sealants Market Size in Automotive & Transportation End-Use Industry, By Region, 2015—2022 (USD Million)
Table 47 Elastic Bonding Adhesives & Sealants Market Size in Automotive & Transportation End-Use Industry, By Region, 2015—2022 (Kiloton)
Table 48 Elastic Bonding Adhesives & Sealants Market Size, By Region, 2015—2022 (USD Million)
Table 49 Elastic Bonding Adhesives & Sealants Market Size, By Region, 2015—2022 (Kiloton)
Table 50 North America: Elastic Bonding Adhesives & Sealants Market Size, By Country, 2015—2022 (USD Million)
Table 51 North America: Elastic Bonding Adhesives & Sealants Market Size, By Country, 2015—2022 (Kiloton)
Table 52 North America: Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (USD Million)
Table 53 North America: Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 54 North America: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (USD Million)
Table 55 North America: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (Kiloton)
Table 56 US: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry, 2015—2022 (USD Million)
Table 57 US: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 58 Europe: Elastic Bonding Adhesives & Sealants Market Size, By Country, 2015—2022 (USD Million)
Table 59 Europe: Elastic Bonding Adhesives & Sealants Market Size, By Country, 2015—2022 (Kiloton)
Table 60 Europe: Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (USD Million)
Table 61 Europe: Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 62 Europe: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015–2022 (USD Million)
Table 63 Europe: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (Kiloton)
Table 64 Germany: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry, 2015—2022 (USD Million)
Table 65 Germany: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry, 2015—2022 (Kiloton)
Table 66 APAC: Elastic Bonding Adhesives & Sealants Market Size, By Country, 2015—2022 (USD Million)
Table 67 APAC: Elastic Bonding Adhesives & Sealants Market Size, By Country, 2015—2022 (Kiloton)
Table 68 APAC: Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (USD Million)
Table 69 APAC: Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 70 APAC: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (USD Million)
Table 71 APAC: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (Kiloton)
Table 72 China: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry, 2015—2022 (USD Million)
Table 73 China: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry, 2015—2022 (Kiloton)
Table 74 India: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry, 2015—2022 (USD Million)
Table 75 India: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry, 2015—2022 (Kiloton)
Table 76 Japan: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry, 2015—2022 (USD Million)
Table 77 Japan: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry, 2015—2022 (Kiloton)
Table 78 South America: Elastic Bonding Adhesives & Sealants Market Size, By Country, 2015—2022 (USD Million)
Table 79 South America: Elastic Bonding Adhesives & Sealants Market Size, By Country, 2015—2022 (Kiloton)
Table 80 South America: Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (USD Million)
Table 81 South America: Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 82 South America: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (USD Million)
Table 83 South America: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (Kiloton)
Table 84 Middle East & Africa: Elastic Bonding Adhesives & Sealants Market Size, By Country, 2015—2022 (USD Million)
Table 85 Middle East & Africa: Elastic Bonding Adhesives & Sealants Market Size, By Country, 2015—2022 (Kiloton)
Table 86 Middle East & Africa: Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (USD Million)
Table 87 Middle East & Africa: Elastic Bonding Adhesives & Sealants Market Size, By Resin Type, 2015—2022 (Kiloton)
Table 88 Middle East & Africa: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (USD Million)
Table 89 Middle East & Africa: Elastic Bonding Adhesives & Sealants Market Size, By End-Use Industry and Application, 2015—2022 (Kiloton)
Table 90 New Product Launches, 2011–2017
Table 91 Expansions, 2011–2017
Table 92 Acquisitions, 2011–2017

List of Figures

Figure 1 Elastic Bonding Adhesives & Sealants Market Segmentation
Figure 2 Elastic Bonding Adhesives & Sealants Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Elastic Bonding Adhesives & Sealants Market: Data Triangulation
Figure 6 APAC to Dominate the Elastic Bonding Adhesives & Sealants Market
Figure 7 Automotive & Transportation to Be the Fastest-Growing End-Use Industry of Elastic Bonding Adhesives & Sealants
Figure 8 SMP Elastic Bonding Adhesives & Sealants: the Most Preferred Type to Invest in for the Next Five Years
Figure 9 APAC Was the Largest Elastic Bonding Adhesives & Sealants Market in 2016
Figure 10 Emerging Economies to Offer Lucrative Growth Opportunities to Market Players
Figure 11 SMP Elastic Bonding Adhesives & Sealants Market to Register the Highest CAGR
Figure 12 Construction Was the Largest End-Use Industry of Elastic Bonding Adhesives & Sealants in APAC
Figure 13 China and India are Emerging as the Lucrative Markets for Elastic Bonding Adhesives & Sealants
Figure 14 Snapshot of Developing Nations vs Developed Nations
Figure 15 India to Witness Favorable Growth Rate in the Next Five Years
Figure 16 Drivers, Restraints, Opportunities & Challenges for Elastic Bonding Adhesives & Sealants Market
Figure 17 Porter’s Five Forces Analysis
Figure 18 Japan Accounted for the Highest Number of Patents Between 2012 and 2017
Figure 19 Henkel Registered the Highest Number of Patents Between 2012 and 2017
Figure 20 2016 Was the Most Active Year for Patent Publications
Figure 21 Performance Comparison of Different Types of Elastic Bonding Adhesives & Sealants
Figure 22 Polyurethane Elastic Bonding Adhesives & Sealants Dominate the Market
Figure 23 Rising Prevalence of Major End-Use Industries Will Continue to Drive the Market
Figure 24 Demand in APAC to Be Driven By End-Use Industries
Figure 25 North America: Elastic Bonding Adhesives & Sealants Market Snapshot
Figure 26 Europe: Elastic Bonding Adhesives & Sealants Market Snapshot
Figure 27 APAC: Elastic Bonding Adhesives & Sealants Market Snapshot
Figure 28 Henkel: Company Snapshot
Figure 29 Sika: Company Snapshot
Figure 30 Arkema: Company Snapshot
Figure 31 DOW Chemical: Company Snapshot
Figure 32 3M: Company Snapshot
Figure 33 H.B. Fuller: Company Snapshot
Figure 34 Wacker Chemie: Company Snapshot
Figure 35 Threebond Holdings Co., Ltd: Company Snapshot
Figure 36 Cemedine: Company Snapshot

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