Wellesley, MA (PRWEB) October 29, 2013
According to a new technical market research report, Sealants and Sealant Applicators: Technologies and Global Markets (http://www.bccresearch.com), the global market for sealants and sealant applicators is expected to reach $19.1 billion in 2013 and increase to $19.8 billion in 2014. BCC Research projects the market to grow to $24.1 billion by 2019, and register a five-year compound annual growth rate (CAGR) of 4% from 2014 to 2019.
The sealant industry, which primarily includes manufacturers of caulking compounds, sealants, and linoleum, tile and rubber cements, has been growing steadily across all sectors. Increased demand for sealants is driven by the emergence of new market applications that have resulted from evolving and improving assembly processes. Growth opportunities in this market have been brought about by a shift from major forms of industrial joining and miniaturization of components in the electronics industries. Additionally, nanoengineered sealants that combine superior mechanical properties with wear resistance and dimensional stability are increasing the demand for sealants across most industries, including automotive, construction, electronics, transportation, and others
This report from BCC Research provides a comprehensive overview of the global sealants and sealant applicators market. It examines the global and regional markets for sealants, with the purpose of locating newer markets and expanding the present market position for various types of sealants. It also analyzes global market trends, with data from 2012, estimates for 2013 and 2014, and projections of compound annual growth rates for the period 2014 to 2019. The various technologies involved in the manufacture of different types of sealants are studied along with the value of such products produced and utilized globally as well as in different regions during the last year and also includes the forecast for the next five years.
The applications for each type of sealant is examined in order to establish the global and regional usage of different types of sealants and a future forecast has been made for such applications. In addition, this study reviews the product life cycle and technology life cycle of various types of sealants and environmentally sensitive methods employed by various manufacturers and users. Various types of newly developed sealants, which are becoming more popular in different applications, are also studied. Finally, the report profiles various major manufacturers and suppliers of sealants, as well as any pertinent mergers and acquisitions in this field.
This report is intended to help marketing managers identify new market opportunities and to develop targeted promotion plans for sealants. Research and development professionals can also use the information in this report to stay on top of competitor initiatives, explore the demand for sealants, and develop new products for new applications. In addition, advertising agencies working with clients in the sealants industry will be able to understand the products to develop messages and images that will influence consumers to purchase these products. Finally, business development executives can use this report to understand the dynamics of the market and identify possible new markets.