Global Industrial Sealants Market is estimated to show 5.2% CAGR between 2018-2024
Posted On September 14, 2018
A recent study on Global Industrial Sealants Market released by Value Market Research describes the holistic market growth for the years 2018-2024 based on the historic data. The report evaluated the market on the bases of revenue (USD MN) and volume (KT). The market was valued USD 8,000.2 Million (by revenue) in 2017 and is anticipated to reach USD 11,395.4 Million by 2024 with a CAGR of 5.2%.The growing demand from automobile, construction, packaging, consumer goods, and aerospace industry is likely to drive the market growth of industrial sealant in the next six years. In addition, the advent of technological advancements is fueling demand for sealants around the globe. Also, the excellent performance offered, like high performing seals, better adhesion to a variety of substrates, resistance to chemicals and gas, are raising their demand across various industries.
Industrial sealants are used to fill the gaps and seal the opening or joints in order to avoid the intrusion of water, gases, dirt, air and other foreign particles. They are used to avoid the spaces created between two mating parts. They are available in various forms such as paste and liquids. Owing to their excellent durability, high strength, and high performance they have widened their application across various end-use industry such as such as construction, automotive, aerospace, and packaging.
The report Global Industrial Sealants Market Report By Type (Acrylic, Polyurethanes, Silicone, Polyvinyl, and Others), Application (Aerospace, Construction, Packaging, Automotive, Consumer Goods, and Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation, and Forecast, 2017-2024 embrace of all-inclusive coverage of market aspects providing a clear visualization of the future growth curve. The information can be used to take calculative decisions assisting in exploring more profit oriented actions.
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The report covers the segmentation on the basis of type, application, and region. By type, the market is bifurcated into acrylic, polyurethanes, silicone, polyvinyl, and others. Among which, the silicone type is dominating the segment owing to their long-lasting and versatile property with excellent performance property suitable for the diverse application. By application, the market segmented into aerospace, construction, packaging, automotive, consumer goods, and others. Out of which, the construction sector is leading the market, the rising demand for fast and efficient construction material that meet the requirement of flexible joints and durability is likely to raise the demand for the product. From the geographical perspective, the market has been studied across the region of North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. APAC is dominating the market owing to the rising demand from various end-use industries such as construction, automotive, aerospace, and packaging in the region where sealants are very useful. Also, refurbishment of existing old infrastructure is again propelling the demand of the product in the region.
The Report Segments Global Industrial Sealants Market -
- Consumer Goods
- North America
- Latin America
- Middle East & Africa
Major Players Profiled In The Report:
3M, Avery Dennison Corporation, BASF SE, Dow Chemical Company, H.B. Fuller Company, Henkel, and Others
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