Elastomeric Sealants Market
Elastomeric Sealants Market To Reach USD 6607.3 Million By 2026 www.reportsanddata.com Market Summary Growing construction and automotive industry along with surging demand of elastomeric sealants in solar and aerospace industry are key factors contributing to high CAGR of elastomeric sealants market during the forecast period. Market Size – USD 3933.7 Million in 2018, Market Growth - CAGR of 6.6%, Market Trends – Product launches and research for advanced Elastomeric Sealants According to the current analysis of Reports and Data, the global Elastomeric Sealants market was valued at USD 3933.7 Million in 2018 and is forecast to reach USD 6607.3.0 Million by the year 2026, at a CAGR of 6.6%. The increasing application of the product in the construction industry, coupled with the growing demand for automobiles and electronics products across the globe is likely to create lucrative growth opportunities for the elastomeric sealants market. Moreover, the rising adoption of silicon for structural glazing of new construction or renovation of existing buildings is also expected to stimulate industrial demand. Elastomeric sealants are also extensively used in the automotive & transportation industry owing to their high durability, excellent adhesion, and thermal resistance properties. In addition to this, growing demand for lightweight electric vehicles fuels the growth of elastomeric sealants market. www.reportsanddata.com Market Summary Elastomeric sealants such as silicone contribute to the growth of the market as they have various advantages such as weather resistance, easy availability, low cost, and easy application. The growing manufacturing base in developed and emerging economies along with the increasing application of the product in various industries such as construction, automobile, aerospace, and solar, among others is likely to boost industrial growth. North America is projected to be a key revenue generating region for elastomeric sealants market in the forecast period. The turnaround in construction activities, coupled with the expanding use of adhesives and sealants in manufacturing and assembly, is expected to underpin demand gains. Along with this, increasing demand for insulating glass owing to rising concerns pertaining to energy consumption is also likely to drive demand for the product, particularly silicone. Avail the inside scoop of the Sample report @ https:// www.reportsanddata.com/sample-enquiry-form/1875 www.reportsanddata.com Market Summary Further key findings from the report suggest • In 2018, North America accounted for 25.7% market share owing to growing automobile sector in the region. In addition, the presence of a large number of end-use industries and rising construction spending in the U.S is also likely to create significant growth opportunities for the elastomeric sealants market. However, growing concerns regarding health issues associated with VOC emissions from chemical products is likely to hinder growth. • Silicon sealants are forecasted to reach USD 1849.95 Million by the year 2026. Benefits associated with the product such as improved UV resistance and superior thermal, electrical, and mechanical resistance are anticipated to have a positive influence on the demand. The increasing adoption of these sealants across a wide range of applications including construction, sanitary applications and fittings and DIY sectors, among others is expected to drive demand for the elastomeric sealants market. • Construction end-use segment is expected to witness lucrative growth at CAGR of 7.4 % due to increasing employment of elastomeric sealants in various applications such as roads & highways and marble works, among others. Click here to avail the report at discount rate: https:// www.reportsanddata.com/discount-enquiry-form/1875 www.reportsanddata.com Market Summary Key participants for the elastomeric sealants market include The Dow Chemical Company, 3M Company, H.B. Fuller Company, Henkel AG among others. For the purpose of this study, Reports and Data have segmented the Elastomeric Sealants market on the basis of type, end use, and region: Type (Revenue, USD Million; 2016–2026) • Polysulfide (PS) • Polyurethane (PU) • Polybutadiene (PB) • Silicone • Acrylic • Silyl Modified Polymer (SMP) • Others To read the full report now, with industry-wide coverage, visit: https:// www.reportsanddata.com/checkout-form/1875 www.reportsanddata.com Market Summary End Use (Revenue, USD Million; 2016–2026) • Construction • Automotive & Transportation • Electronics • Furniture & Woodworks • Aerospace & Defense • Marine • Others Regional Outlook (Revenue, USD Million; 2016–2026, Volume, Tons; 2016-2026) • North America • Europe • Asia Pacific • Middle East & Africa • Latin America www.reportsanddata.com About Us Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. Contact US We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries John Watson including Healthcare, Technology, Chemicals, Power, and Head of Business Development Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends Reports And Data | Web: existent in the market. Reports and Data has a strong www.reportsanddata.com base of experienced analysts from varied areas of Direct Line: +1-212-710-1370 expertise. E-mail: [email protected] www.reportsanddata.com
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