Sealant Market Application, Types, Region by: Wacker Chemie AG, Dow, B. Fuller Company, Carlisle Companies Inc.
Sealant is a type of viscous material that is used to shut the penetration of substances such as gas, dust, water, smoke and other fluids through joints, openings and surface in the materials. Also, these are used to block the small openings that are tough to close with other substances such as concrete, cement and others. Every sealant has two major properties including cohesive and adhesive properties, but a sealant has lower strength and higher elongation. Sealants can provide acoustic and thermal insulation and it can act as fire barrier.
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Rise in the demand for building applications along with huge demand from automotive industry are the key drivers for the sealant market growth
The increasing demand for sealant materials from the buildings & construction sectors along with growth in the demand from automotive sector are the foremost sealant market drivers. In addition, growth in the mechanical manufacturing industry globally is one of the major drivers for the sealant market growth. Increasing government initiatives to minimize the volatile organic compounds (VOCs) from the vehicles and machines have driven the growth in the industry, thus starting new possibilities for the implementation of advanced manufacturing machinery. This aspect is driving the demand for sealants from manufacturing industry. Furthermore, sealants are mainly utilized in ceiling applications, joints in interior & exterior walls, dissimilar material joints, repair of bigger cracks, vertical/horizontals masonry-to-masonry joints and several other molding applications in the buildings& construction industry. Hence, swift progression of the buildings & construction sector in the both developed and developing countries is projected to impel the sealant market growth in the coming years.
Continuous growth in industrialization and growing demand for green sealants are acting as potential investment opportunities in the global sealant market
Constant growth in industrialization & modernization especially in developing countries along with rising awareness about green and sustainable sealants for VOC gases control are generating substantial growth opportunities for the sealant market. Moreover, increasing development of hybrid sealants by manufacturers through combining superior properties of silicones and urethanes to provide eco-friendly properties and greater performance in sealants are predicted to boost the market. Also, hybrid sealants have benefits such as mechanical endurance, high elongation, UV stability and other benefits. These aspects are anticipated to impel the growth of the market in near future.
One and Two-components type segment is projected to grow at a healthy rate during the estimated period
One-component type contains base sealants that can be used directly and not required to mix with any other components. One-component sealant will take 3 to 4 weeks for curing and these can absorb moisture and vapor from the atmosphere. Two-component type contains two different parts such as base and activator components. They require mixing and chemical reaction will occur between the components to form a thick paste. Two-component type sealants are mostly used for waterproofing.
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Epoxy resin type segment is anticipated to grow at significant rate throughout the forecast time
Epoxy resin type segment held the highest market size in 2018 and is projected to be more profitable sealant type in terms of revenue during the forecast period. Epoxy sealants can protect the wood, fabrics and metals from corrosion due to oils, salt water and from impact and abrasion damages. Similarly, epoxy sealants are also available in several colors. Also, epoxy sealant establishes extensive resistance to high temperatures and exhibits reliability with metals. These factors are anticipated to drive the growth of sealant market in the forecast time.
THE REPORT ALSO PRESENTS KEY MARKET PLAYERS
o Wacker Chemie AG
o B. Fuller Company
o Carlisle Companies Inc.
o Henkel Adhesives Technologies India Private Limited
o BASF SE
o Huntsman International LLC
o AVERY DENNISON CORPORATION
o Illinois Tool Works Inc.
o RPM International Inc.
Mr. Abhishek Paliwal
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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