Elastomeric Sealants Market 2018: Size, Competitors Strategy, Regional Analysis and Growth by Forecast to 2023

17/apr/2018 08:25:15 Market Research Future Contatta l'autore

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Market Overview

Elastomeric Sealants are elastic and flexible bonding materials used for sealing, finishing, and surface protection. They offer excellent durability, flexibility, adhesions, and heat resistance, which are essential in various applications such as, roof building, cladding, and marble work, among others.

The Global Elastomeric Sealants Market is driven by the increasing demand from various end-use industries such as building & construction, automotive & transportation, electronics, and woodworking among others. The building and construction segment accounts for the major market share and is expected to retain the dominance of the two infrastructural projects across the globe. Silicon modified, polysulfide, polyurethanes, silane modified polymers, and others. Among these, the silane-modified polymers (SMP) is a leading segment of the market, two to its properties such as elasticity, paint compatibility, UV resistance, and adhesion to wet surface. Although, the silane-modified polymers offers excellent properties, it is very expensive. This may hamper the market growth over the forecast period. Nevertheless, the silicon type is gaining traction in the market. The Polyurethanes Elastomer Sealant are widely consumed in sealing industrial equipment, as well as high resistance, abrasion resistance, chemical resistance, and wide temperature compatibility. However, the increasing use of the VOC content of Elastomeric Sealant may constrain the market growth. The Polyurethanes Elastomer Sealant are widely consumed in sealing industrial equipment, as well as high resistance, abrasion resistance, chemical resistance, and wide temperature compatibility. However, the increasing use of the VOC content of Elastomeric Sealant may constrain the market growth. The Polyurethanes Elastomer Sealant are widely consumed in sealing industrial equipment, as well as high resistance, abrasion resistance, chemical resistance, and wide temperature compatibility. However, the increasing use of the VOC content of Elastomeric Sealant may constrain the market growth.

Competitive Analysis

Some of the manufacturers operating in the Global Elastomeric Sealants Market are 3M (US), The Dow Chemical Company (US), Henkel AG & Co. KGaA (Germany), Arkema (France), Sika AG (Switzerland), HB Fuller Company ( US), RPM International Inc. (US), PPG Industries, Inc. (US), VCM Polyurethanes Pvt. Ltd. (India), Wacker Chemie AG (Germany), Mapei SpA (Italy), and KCC CORPORATION (South Korea) .

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Market Segmentation

The Global Elastomeric Sealants Market is segmented on the basis of the type, end-use industries, and region.

By the Type Segment , the Global Elastomeric Sealants Market is further segmented into silicone, polysulfide, polyurethane; silane modified polymers (SMP), polybutadiene, and others.

On the Basis of the End-User Industries , the market is sub-segmented into building & construction, automotive, electronics, furniture making, aerospace & defense, marine, and others.

The Global Elastomeric Sealants Market is segmented into five regions, Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

The Global Elastomeric Sealants Market is segmented into five regions Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is the fastest emerging region in the region.

North America accounts for a substantial market share two to the leading aerospace & defense industry in the region and the rebound in the housing market in the US

The production and exportation of lightweight and efficient automobiles are the major drivers of the European market.

The huge investments in the growth infrastructure in GCC are the primary driver of the market in the Middle East & Africa region.

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