Elastomeric Sealants Market - Industry Trends and Forecast to 2029
Market Analysis and Insights Global Elastomeric Sealants Market
Elastomeric sealants are bonding compounds that are used to finish, protect, and seal surfaces. When applied to a fracture or space, they expand and seal the surface, creating a waterproof barrier. When stress is applied to a material, it has the power to stretch the material and then return to its original shape and size when the stress is removed. Elastomeric sealants have enhanced moisture and water management capabilities. Steel, cladding, windows, glass, roads, bridges, stones, metal, concrete, wood, and other surfaces are all sealed with an elastomeric sealant. Elastomeric sealants are tough and easy to work with thanks to their elastic nature, which dries quickly and keeps the material flexible.
The rising demand for PS elastomeric sealants in aerospace and defence industry will influence the growth rate of the elastomeric sealants market. The increase in number of construction activities in developing countries is the key elements driving market expansion. Along with this, rising concern about the utilization of eco-friendly construction sealants will increase the demand for the elastomeric sealants market. The elastomeric sealants market is also being driven by significant factors such as the upsurge in the level of disposable income and increasing urbanization. Furthermore, upsurge in the usage of elastomeric sealants in solar and wind power equipment will enhance the growth rate of elastomeric sealants market. Also, surging demand for elastomeric sealants for various applications including glass windows, cladding, roads, bridges, highways in building and construction will act as major factors influencing the growth of elastomeric sealants market. The changing trend towards renovation of houses and increasing demand for sophisticated bonding products from high-tech electronics manufacturers for protecting sensitive electrical equipment such as sensors, capacitors and ICs will have positive impact on the growth rate of elastomeric sealants market.
Global Elastomeric Sealants Market Scope and Market Size
The elastomeric sealants market is segmented on the basis of type and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
Based on type, the elastomeric sealants market is segmented into polysulfide (PS), polyurethane (PU), polybutadiene (PB), silicone, acrylic, silyl modified polymer (SMP) and others. The others segment is further sub-segmented into epoxy and latex elastomeric sealants.
On the basis of end-user, the market is segmented into construction, automotive and transportation, electronics, furniture and woodworks, aerospace and defense, and marine.
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