The Global Elastomeric Sealants Market is experiencing significant growth driven by the expanding construction industry and increasing demand for durable and flexible sealants. Elastomeric sealants, known for their excellent adhesive properties and resistance to weathering, are widely used in various applications such as building and construction, automotive, and electronics. The rising emphasis on energy-efficient buildings, infrastructure development, and the need for effective sealing solutions fuel market growth. Additionally, advancements in sealant technologies and the growing focus on sustainable and eco-friendly products further contribute to the positive market outlook for elastomeric sealants.
According to Data Bridge Market Research, the global elastomeric sealants market will exhibit a CAGR of 6.9% for the forecast period of 2022-2029.
“Growing demand from the construction industry surge market demand"
Elastomeric sealants are extensively used in the construction sector for sealing joints, gaps, and cracks in various applications such as windows, doors, roofs, and walls. The booming construction industry, driven by urbanization, infrastructure development, and renovation projects, fuels the demand for elastomeric sealants. The need for effective waterproofing, weatherproofing, and durability in construction projects propels the market growth, making the construction industry a key driver for the elastomeric sealants market.
What restraints the growth of the global elastomeric sealants market?
“Volatile raw material prices can impede the market growth”
Elastomeric sealants require various raw materials such as polymers, fillers, and additives, which are subject to price fluctuations in the global market. Instability in raw material prices can significantly impact the production cost and profitability of elastomeric sealant manufacturers. These price fluctuations pose challenges in maintaining competitive pricing and may hinder market growth to some extent. Manufacturers need to adopt strategies to mitigate the effects of volatile raw material prices to overcome this restraint.
Segmentation: Global Elastomeric Sealants Market
The global elastomeric sealants market is segmented on the basis of type and end user.
- On the basis of type, the global elastomeric sealants market is segmented into polysulfide (PS), polyurethane (PU), polybutadiene (PB), silicone, acrylic, silyl modified polymer (SMP), others
- On the basis of end-user, the global elastomeric sealants market is segmented into construction, automotive and transportation, electronics, furniture and woodworks, aerospace and defense, marine
Regional Insights: Asia-Pacific dominates the Global Elastomeric Sealants Market
Asia-Pacific continues to dominate the global elastomeric sealants market, fueled by increasing infrastructure activities and robust growth in the construction, electronics, automotive, and transportation industries in emerging countries such as India and China. The region's rapid urbanization, rising disposable incomes, and government initiatives drive demand for elastomeric sealants. The need for high-performance sealants in infrastructure projects and the expansion of manufacturing activities in the region contribute to Asia-Pacific's sustained trend of dominance in the elastomeric sealants market.
Middle East and Africa are anticipated to experience growth in the elastomeric sealants market during the forecast period of 2022-2029. The region's growth is primarily driven by the increasing demand from the building and construction sector. The rising population, urbanization, and infrastructure development projects in countries such as the United Arab Emirates, Saudi Arabia, and South Africa contribute to the demand for elastomeric sealants. The construction of residential and commercial buildings, along with infrastructural expansions, propel the market growth in the Middle East and Africa region.
To know more about the study, visit, https://www.databridgemarketresearch.com/ko/reports/global-elastomeric-sealants-market
Recent Developments:
- In October 2021, Victor Reina Reinzosil room-temperature vulcanizing (RTV) silicone was introduced to the North American market by Dana Inc. Reinzosil is a versatile silicone sealing compound that offers the best fluid and temperature resistance.
The Prominent Key Players Operating in the Global Elastomeric Sealants Market Include:
- MAPEI S.p.A. (Italy)
- RPM International Inc. (U.S.)
- Wacker Chemie AG (Germany)
- DRACO Italiana SpA (Italy)
- KCC CORPORATION (South Korea)
- KÖSTER BAUCHEMIE AG (Germany)
- mageba (Switzerland)
- Mule-Hide Products (U.S.)
- Saudi Vetonit Co. Ltd. (Saudi Arabia)
- ROCKWOOL International A/S (Denmark)
- 3M (U.S.)
- DOW (U.S.)
- Arkema (France)
- Sika AG (Switzerland)
- Isomat S.A. (Greece)
- Henkel Adhesives Technologies India Private Limited (India)
- VCM Polyurethanes Pvt. Ltd. (India)
- H.B. Fuller Company (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global elastomeric sealants market companies contact, https://www.databridgemarketresearch.com/ko/contact
Research Methodology: Global Elastomeric Sealants Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
