MARKET INTRODUCTION
Elastomeric sealants are commonly used building materials used to fill or seal voids and spaces. They have a liquid-rubber like texture and turn hard when dried while retaining their flexibility. When the elastomeric sealants are applied or inserted in a space or crack, it expands and seals the surface, developing a waterproof barrier. It can be applied with hands or a caulking gun. Elastomeric sealants which have a semi-liquid or creamy appearance are commercially available in tube, can, and tub packages.
MARKET DYNAMICS
The growth of the elastomeric sealants can be attributed to the growing consumption of elastomeric sealants in the construction industry in cladding, marble works, glass windows, repairing cracks, etc. the increasing construction activities, renovation projects, and maintenance and repair works of the existing and old structures has generated substantial demand for elastomeric sealants. The spurt in construction activities in the developing world is likely to fuel the growth of elastomeric selalants. The rise in uses of elastomeric sealants for waterproofing and protecting the interiors from moisture, shock vibrations, corrosion, and weather elements is expected to spur the growth of the elastomeric sealants market in the forecast period. Besides the construction segment, there is a considerable demand for elastomeric sealants from the marine, defense, furniture and wood works, electronics, and automotive and transportation industries. However, stringent regulations laid by government bodies on VOC emissions and the threat of substitution posed by the construction foam tapes are anticipated to hinder the growth of the elastomeric sealants market in the forecast period.
MARKET SCOPE
The "Global Elastomeric Sealants Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the elastomeric sealants market with detailed market segmentation by type, end-use industry, and geography. The global elastomeric sealants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading elastomeric sealants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global elastomeric sealants market is segmented on the basis of type and end-use industry. On the basis of type, the elastomeric sealants market is segmented into, silicone, polysulfide (PS), polyurethanes (PU), silyl modified polymers (SMP), polybutadiene (PB), and others. On the basis of end-use industry, the market is bifurcated into, construction, automotive, electronics, furniture and woodwork, aerospace & defense, marine, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global elastomeric sealants market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The elastomeric sealants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the elastomeric sealants market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the elastomeric sealants market in these regions.
MARKET PLAYERS
The reports cover key developments in the elastomeric sealants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from elastomeric sealants market are anticipated to lucrative growth opportunities in the future with the rising demand for elastomeric sealants in the global market. Below mentioned is the list of few companies engaged in the elastomeric sealants market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the elastomeric sealants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- 3M Company
- Arkema S.A
- Franklin International
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- MAPEI S.p.A.
- RPM International Inc.
- Sika AG
- The Dow Chemical
- Wacker Chemie AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.