The rapidly growing construction industry is raising the demand of the thread sealant product since it provides excellent bonding and joints over open areas of any substances. Also, ongoing industrialization and urbanization along with the growing demand for the advance product in terms of waterproof joints and bonding are further driving its demand. Further, rising demand for the product across automotive, oil refineries, power generation, chemical processing industry, and other manufacturing sector is again boosting the market growth.
As per the latest report added by Value Market Research, the Global Thread Sealant Market was valued at USD 978.5 Million (by revenue) in 2017 and is anticipated to reach USD 1,455.3 Million by 2024 with a CAGR of 5.8%.
HASTE AND PASTE IS THE MOST POPULAR SEALING METHOD
It is one of the most popular methods used for general-purpose instant sealant for tapered and straight fittings. This paste can be applied in leak-proof joints on threaded fittings which are exposed to air. Owing to its superior lubricant which offers leak-tight sealing is raising its demand across the various end-user industry. Also, it holds excellent properties such as non-flammable, non-migrating, non-toxic, odorless and waterproof as well as anti-corrosiveness thereby driving product demand. By the end of 2024, the segment is expected to touch USD XX.X MN.
INDUSTRIAL SEGMENT IS THE LARGEST APPLICATION AREA
The industrial segment has dominated in 2017 and is expected to surpass USD XX.X MN by 2024. Rising demand of sealing metal tapered pipe threads and fittings across various industries such as petroleum refining, chemical processing, waste treatment, power generation, automotive, and manufacturing industries are driving the segment growth.
RETAIL TO LEAD THE DISTRIBUTION CHANNEL SEGMENT
Retails has dominated the distribution channel in 2017 and is expected to cross USD XX.X MN by the end of 2024. Growing number of retail outlets across the globe along with the expansion of retailer in rural areas to reach the potential customer is fueling the industry expansion.
ASIA-PACIFIC TO HOLD THE HIGHEST MARKET SHARE
Asia-Pacific has emerged as the dominated region in global thread sealant market in 2017 and is expected to touch USD XX.X MN by end of 2024. The dominance of this region is because of ongoing urbanization and industrialization along with the rising demand for the product from the construction industry is fueling the industry growth in the region.
3M Company, Deacon Industries, Inc., Hb Fuller Company, Henkel Ag & Company, KGaA, La-Co Industries, Inc., and Permatex.
As per this study, the Global Thread Sealant Market was valued at USD 978.5 Million (by revenue) in 2017 and is anticipated to reach USD 1,455.3 Million by 2024 with a CAGR of 5.8%. By volume, the market was estimated at XXX KiloTon in 2017 and is expected to reach XXX KiloTon by 2024 with a CAGR of X.X%.
Thread sealants refer to the viscous compound used to fill the minute gaps by providing a seal against gas and liquids leakage. Thread sealants resist the entry and exit of chemical, air, moisture, dirt and dust particles. These are generally available in fluid, paste and tape. They are applied on screws, bolts, washers, jam nuts etc. to prevent leakage and corrosion. Thread sealants are used in building & construction, automobile, oil refineries, power generation, chemical processing and others.
Objectives of the Study:
- Define and measure the global thread sealant market
- Volume and revenue forecast of the global thread sealant market and its various sub-segments with respect to main geographies
- Analyze and identify major market trends along with the factors driving or inhibiting the market growth
- Study the company profiles of the major market players with their market share
- Analyze competitive developments
Rising demand for sealing compounds especially from the industrial sector is driving the market growth. Booming automobile sector followed by rising demand for pneumatic & hydraulic products globally is likely to foster the market growth in forecasting period. Moreover, growing waste and wastewater pipe market are presumed to contribute majorly to the market growth. Rising R&D by major players on the development of new products to fulfill high-performance requirement is anticipated to boost the market growth in upcoming timespan. Furthermore, new product development followed by commercialization is presumed to open new gateways for major players.
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 thread sealant.
The broad thread sealant market has been sub-grouped into sealing method, application and distribution channel. 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 Sealing Method Market Share 2017
By Sealing Method
By Distribution Channel
- Haste And Paste
- Sealing Cord
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for thread sealant 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 Thread Sealant 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 thread sealant market includes 3M Company, Deacon Industries, Inc., Hb Fuller Company, Henkel Ag & Company, KGaA, La-Co Industries, Inc., and Permatex. 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.
2. EXECUTIVE SUMMARY
- Introduction To Thread Sealant
- Report Description
- Objectives Of The Study
- Research Scope
- Research Methodology
3. MARKET ANALYSIS
- Market Highlight
- Global Thread Sealant Market: Snapshot
4. THREAD SEALANT MARKET ANALYSIS BY SEALING METHOD
- Porter’s Five Forces Analysis
- Value Chain Analysis
5. THREAD SEALANT MARKET ANALYSIS BY APPLICATION
- Market In PTFE
- Market In Haste And Paste
- Market In Sealing Cord
- Market In Others
6. THREAD SEALANT MARKET ANALYSIS BY DISTRIBUTION CHANNEL
- Market In Industrial
- Market In Sanitary
7. THREAD SEALANT MARKET ANALYSIS BY GEOGRAPHY
- Market In Retail
- Market In Online
8. COMPETITIVE LANDSCAPE OF THE THREAD SEALANT COMPANIES
- North America (NA)
- North America Market Estimates
- North America Market Estimates By Country
- United States (U.S.) Market Estimates By Segments
- Rest Of North America Market Estimates By Segments
- Europe (EU)
- Europe Market Estimates
- Europe Market Estimates By Country
- United Kingdom (UK) Market Estimates By Segments
- Germany Market Estimates By Segments
- France Market Estimates By Segments
- Rest Of Europe Market Estimates By Segments
- Asia Pacific (APAC)
- Asia Pacific Market Estimates
- Asia Pacific Market Estimates By Country
- China Market Estimates By Segments
- Japan Market Estimates By Segments
- India Market Estimates By Segments
- Rest Of Asia Pacific Market Estimates By Segments
- Latin America (LA)
- Latin America Market Estimates
- Latin America Market Estimates By Country
- Brazil Market Estimates By Segments
- Rest Of Latin America Market Estimates By Segments
- Middle East And Africa (MEA)
- Middle East And Africa Market Estimates
- Middle East And Africa Market Estimates By Country
- Middle East Market Estimates By Segments
- Africa Market Estimates By Segments
9. COMPANY PROFILES OF THE THREAD SEALANT INDUSTRY (Company Overview, Financial, Major Products & Recent Development)
- Market Competition
- Mergers And Acquisitions
- New Product Launches
- Other Developments
* Tentative TOC
LIST OF TABLES
- 3M Company
- Deacon Industries, Inc
- Hb Fuller Company
- Henkel Ag & Company, KGaA
- La-Co Industries, Inc.
Table 1. Market Highlights Of Thread Sealant
Table 2. Global Thread Sealant Market By Sealing Method
Table 3. Global Thread Sealant Market By Application
Table 4. Global Thread Sealant Market By Distribution Channel
Table 5. Global Thread Sealant Market By Geography
Table 6. North America Thread Sealant Market
Table 7. Europe Thread Sealant Market
Table 8. Asia Pacific Thread Sealant Market
Table 9. Latin America Thread Sealant Market
Table 10. Middle East And Africa Thread Sealant Market
Table 11. Partnership/Collaboration/Agreements
Table 12. Mergers And Acquisitions
Table 13. New Product Development
Table 14. Other Developments
LIST OF FIGURES
Fig. 1. Market Segmentation Of Thread Sealant Market
Fig. 2. Top-Down Approach
Fig. 3. Bottom-Up Approach
Fig. 4. Market Highlights Of Thread Sealant
Fig. 5. Value Chain Analysis
Fig. 6. Porter’s Five Forces Analysis
Fig. 7. Global Thread Sealant Market By Sealing Method
Fig. 8. Global Thread Sealant Market By Application
Fig. 9. Global Thread Sealant Market By Distribution Channel
Fig. 10. Global Thread Sealant Market By Geography
Fig. 11. North America Thread Sealant Market
Fig. 12. Europe Thread Sealant Market
Fig. 13. Asia Pacific Thread Sealant Market
Fig. 14. Latin America Thread Sealant Market
Fig. 15. Middle East And Africa Thread Sealant Market
Fig. 16. Market Share Of Thread Sealant Companies
Fig. 17. Recent Developments In Thread Sealant Industry
* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.