Elastomeric Sealants Market: An Exclusive Study on Upcoming Trends and Growth Opportunities| MarketsandMarkets™
Elastomeric sealants are a type of sealant that is used to create a waterproof and airtight seal between two building materials such as concrete, brick, or metal. They are created by combining rubber, plastic, and resins to create a flexible, rubber-like material that remains flexible even after fully curing. Elastomeric sealants are used in a variety of applications, ranging from building construction and repair to automotive and marine applications. Because they are highly durable and waterproof, they are becoming a popular choice for a variety of projects. The global elastomeric sealants market is projected to grow USD 5.19 Billion by 2022, at a CAGR of 6.6%.
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Silicone-the fastest-growing type segment of the elastomeric sealants market
Silicone elastomers are a type of elastomeric sealant that is commonly used for sealing windows, doors, and other openings, bonding glass and metal, and securing tiles and stone. Silicone elastomers are preferred over other types of elastomers due to their superior properties such as excellent adhesion and flexibility. Furthermore, silicone elastomers can withstand high temperatures, making them suitable for use in a wide range of automotive and construction applications. The rising demand for these elastomers from these industries is expected to propel the silicone elastomers segment of the elastomeric sealants market, making it the market's fastest-growing type segment during the forecast period.
Construction-the largest end-use industry for elastomeric sealants
During the forecast period, the construction industry is expected to continue to be the largest end-use industry for elastomeric sealants. This is due to an increase in both residential and non-residential construction activity. The growing demand for elastomeric sealants in the construction industry is primarily driven by their properties, which include high adhesion, flexibility, and excellent weather resistance, allowing them to provide a watertight seal even in extreme weather conditions. During the forecast period, demand for elastomeric sealants is expected to be driven by the use of elastomeric sealants in the construction industry for air sealing, roofing, and glazing, among other applications.
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Asia Pacific-the largest market for elastomeric sealants
Over the projected period, the Asia Pacific region is anticipated to have the highest market for elastomeric sealants. This is mostly because of the rise in demand for elastomeric sealants coming from nations like South Korea, China, India, and Japan. One of the main reasons propelling the growth of the elastomeric sealants market in the Asia Pacific region is the rising demand for elastomeric sealants from the construction industry in these nations. The Asia Pacific region's expanding demand for elastomeric sealants from the automotive industry is also anticipated to fuel market expansion in the area. Also, it is anticipated that the elastomeric sealants market in the Asia Pacific region would expand during the forecast period due to the rising demand for elastomeric sealants from various industries, including healthcare, aerospace, and electronics.
The leading players operating in the elastomeric sealants market include The Dow Chemical Company (US), Henkel AG (Germany), 3M Company (US), H.B. Fuller Company (US), Arkema (France), Franklin International (US), Sika AG (Switzerland), Wacker Chemie AG (Germany), RPM International (US), and MAPEI S.p.A. (Italy), among others.
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