Elastomeric Sealants Market Scope
Elastomeric Sealants are the Substances Capable of Attaching at Least Two Surfaces by Filling the Space between Them to Provide a Barrier or Protective Coating. They are used for Gaps, Cavities, and Spaces. They are Usually Chosen for Their Ability to Fill Gaps, Resist Relative Movement of the Substrates, and Exclude or contain another Material. They offer Better Flexibility than Adhesives
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | The Dow Chemical Company (United States), 3m Company (United States), Henkel Ag & Company (Germany), Arkema S.A. (France), Sika Group (Switzerland), Mapei (Italy), Wacker Chemie Ag (Germany), Draco Construction Chemicals Inc. (Jordan), Isomat S.A. (Greece), Köster Bauchemie Ag (Germany) and Mageba (Switzerland) |
CAGR | 6.25% |
The Market for the Elastomeric Sealants is Fragmented with the Presence of Many Global as well as Regional Players. Key Players may Adopt Strategies like a Merger, Acquisition, new Product Launch, to Gain Advantage in the Market. Owing to Rising Applications of Elastomeric Sealants, there are Growing Prospects for the New Players to Enter the Market Research Analyst at AMA estimates that United States and European Vendors will contribute to the maximum growth of Global Elastomeric Sealants market throughout the predicted period.
The Dow Chemical Company (United States), 3m Company (United States), Henkel Ag & Company (Germany), Arkema S.A. (France), Sika Group (Switzerland), Mapei (Italy), Wacker Chemie Ag (Germany), Draco Construction Chemicals Inc. (Jordan), Isomat S.A. (Greece), Köster Bauchemie Ag (Germany) and Mageba (Switzerland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Mule-Hide Products Co. Inc. (United States), Ppg Industries, Inc. (United States), Sherwin-Williams Company (United States) and Evonik Industries Ag (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Elastomeric Sealants market by Type , by Application (Automotive & Transportation, Construction, Furniture & Woodworks, Electronics, Aerospace & Defence, Refrigeration and Others) and Region with country level break-up.
On the basis of geography, the market of Elastomeric Sealants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
On October 24, 2019, Momentive Performance Materials Inc. ("Momentive"), the Manufacturer and Licensee of the GE Sealants & Adhesives Family of Products Introduced its New Siliconized Acrylic Latex Caulks and Sealants Line Featuring Nine Products and On September 17, 2019, Bostik, a Leading Adhesive and Sealant Manufacturer for Industrial, Construction and Consumer Markets, Announced the Launch of a Silicone Sealant for Back Bedding Applications
Influencing Trend:
Increased Adoption of Elastomeric Sealants in Industries like Refrigeration and Electronics Owing to its Excellent Durability and Weatherability
Market Growth Drivers:
Growth in the Construction Industry, owing to the Economic Developments taking place in Different Countries, using Elastomeric Sealants for Building Structures Joints like Basements, Parking Area, Cladding, Ceiling Joints, Glazing Frames, Floors, Roofs, External Walls, and Retaining Walls and Increased Requirements for Durable and Flexible Sealant in Automotive Industry for Usage in parts like Windscreen Frames and Windshields for Protection from Moisture, Corrosion, and Thermal Stress
Challenges:
The Presence of Alternative Sealing Products like Foam Tapes in the Construction Industry may pose a Challenge for the Market Expansion
Restraints:
Government Regulations Associated with the Volatile Organic Compounds (VOCs) Content of Elastomeric Sealants
Opportunities:
There is an Increased Opportunity for the Usage of Elastomeric Sealants in Electronics Industry for Sealing Complex Joints of Electronics Structures like Capacitors, Sensors, Integrated Circuits and Increased Investments by Private and Government Sectors can open up Prospects for the Increased Applications of Elastomeric Sealants in Healthcare Sector for Their Use in Medical Devices
Key Target Audience
Manufacturers, Traders, Distributors, and Suppliers, Regional Associations of Manufacturers of Elastomeric Sealants and General Chemical Associations, Research Organizations, Government & Regional Agencies, Investment Research Firms, Investors and Others