As per this study the Global Sealants Market was valued USD XXX MN (by revenue) in 2019 and is anticipated to reach USD XXX MN by 2026 with a CAGR of X.X%. By volume, the market was estimated XXX KT in 2019 and is expected to reach XXX KT by 2024 with a CAGR of X.X%.
Sealants are basically used to seal the joints and gaps between materials and are considered as the important components of the construction industry. The main purpose of sealants is to prevent penetration of water, air, and other foreign matter from exiting or entering the structure. Sealants have excellent physical properties such as good cohesion, elasticity, adhesion, high cohesive strength, flexibility, resistance to thermal expansion, environmental resistance to UV light, and resistance to corrosion
Construction industry likely to be the major sector driving the demand of the sealant. Improving construction projects and lined up high-scale projects in emerging countries. The demand for sealant is also expected to gain hype from electronics, automotive sector, and aerospace industry owing to its property to withstand extremely harsh conditions. Also, growing investment in infrastructural projects by the government along with the expansion of the building and construction industry is again fueling the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of sealants.
The broad sealants market has been sub-grouped into product type and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Polyvinyl Acetate
- Building & Construction
- Woodworking & Joinery
- Footwear & Leather
- Electrical & Electronics
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for sealants in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Europe Sealants Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the sealants market include 3M Company, Adco (Uk) Limited, Alfa International Corporation, Arkema Group (Bostik Sa), Avery Dennison Corporation, Benson Polymers, Buhnen, DuPont, Dow Corning, and Drytac. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.