This Global Elastomeric Sealants Market research report understand the current and future of the market in both developed and emerging markets. The Global Elastomeric Sealants Market report assists in realigning the business strategies by highlighting the business priorities. It throws light on the segment expected to dominate the industry and market. It forecast the regions expected to witness the fastest growth. This Global Elastomeric Sealants Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry across the value chain. Furthermore, the Global Elastomeric Sealants Market report also provides the qualitative results of diverse market factors on its geographies and Segments. Global Elastomeric Sealants Market is expected to reach USD 6.49 billion by 2025, from USD 3.79 billion in 2017 growing at a CAGR of 6.7% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Elastomeric Sealants Market, Elastomeric Sealants Market By Type (Ps, Pu, Pb, Silicone, Acrylic, Smp), End-Use Industry (Construction, Automotive & Transportation, Electronics, Furniture & Woodworks, Aerospace & Defense, Marine) By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025
The key players operating in the Global Elastomeric Sealants Market are –
- The Dow Chemical
- 3M Company
The other players in the market are Franklin International H.B. Fuller, Mapei, RPM International Wacker Chemie, DCP Int, Draco Construction Chemicals Inc., Isomat S.A., KCC Corporation, Köster Bauchemie AG, Mageba, Mule-Hide Products Co. Inc., PPG Industries, Inc., Prodotti Industrial, S.R.L., Rockwool International, Saudi Vetonit Co Ltd., The Sherwin-Williams, CompanyTorggler, Chimica SPAVcm Polyurethanes Pvt. Ltd., Evonik Industries
Major Market Drivers :
- Growing demand in construction industry
- Increasing use of elastomeric sealants in solar and wind power equipment
- Surging demand for ps elastomeric sealants in aerospace & defense industry
- Foam tapes replacing elastomeric sealants in construction industry
- Regulations pertaining to voc content of elastomeric sealants
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Elastomeric sealants are flexible and elastic bonding materials used for protection of surface, sealing and finishing of a building. The term elastomeric refers to the ability of the material to expand when stress is applied and returns to its original shape and size when stress is removed from the material. Elastomeric offered excellent durability, flexibility, adhesions and heat resistance which are essential in various applications like roof building, cladding, marble work and other works. Elastomeric sealants have an excellent property of universal application to control moisture and water. According to San Francisco report, PU market was dominated by furniture and interior applications market with demand estimated at 4500 tons in 2017. In 2017 8500 tons demand was estimated in Asia pacific region. Silicon manufacturing is USD 11.63 billion global industries with 2,125,000 metric tons of silicones products sold. Total sales of silicones in Europe were around 3.9 billion and nearly about 600,000 metric tons. Sales done in Germany was nearly about USD 3.5 billion. Silicone manufacturing employs nearly 30000 people across the globe. Nearly 10,000 were directly employed in Europe. R&D related to silicon products nearly 5.2 billion was invested all around the globe.
The global elastomeric sealants market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of elastomeric sealants market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global elastomeric sealants market
- Analyze and forecast the elastomeric sealants market on the basis of type, end user industry and region
- Trends of key regional and country-level markets for type, end user industry and region
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Some of the major countries covered in this report are:–
- South Korea,
- Saudi Arabia,
- South Africa,
- Among others.
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