Sealants: A Global Strategic Business Report
San Jose, California (PRWEB) March 04, 2015
Follow us on LinkedIn – Sealants are chemically prepared substances used to make any given surface airtight and watertight to prevent the escape of solids, gases, and liquids. Sealants are also used for effectively plugging-in small holes which are difficult to fill with drywall and concrete. Supported by superior adhesion, corrosion resistance and insoluble properties and features, sealants are increasingly finding use in acoustical and thermal insulation applications across industries ranging from construction, transportation, packaging to wood working. Construction and transportation industries represent the two largest end-use sectors, accounting for a lion’s share of the global sealants demand. In the construction sector, sealants are used for building, maintaining and protecting residential structures, civil infrastructure and commercial facilities. In the transportation sector, particularly in automobiles, sealants are used for vehicle window sealing and glazing, corrosion protection and vibration and sound deadening applications. While specialty sealants are used widely in the construction and automotive industries, general-purpose sealants find applications in both commercial and industrial sectors that include textiles, consumer goods, and packaging, among others.
The growth in the market is heavily reliant on economic health, and macro-economic factors such as GDP growth, consumer and business confidence levels and increases in industrial production and output. Strong construction activity in developing countries is therefore fuelling the growth of polyurethane sealants, which are widely used in building modular homes, given their elasticity and structural integrity characteristics. Technological advancements are additionally expanding the use of these sealants to “on-site” construction projects. Silyl Terminated Polyurethanes, for example, are moisture-cured, paintable and one-component sealants that are finding new application possibilities in energy-efficient construction projects. Also expected to drive growth in the market is the growing focus on the development of eco-friendly sealants. A key factor driving the trend is the increasing pressure exerted by governments worldwide on industries to reduce their carbon footprint and effectively manage waste. Environment-friendly sealants as substitutes to conventional sealants with reduced CO2 emissions and enhanced energy efficiency, will therefore witness strong growth.
As stated by the new market research report on Sealants, the United States, Japan, and Europe represent major markets worldwide. Europe represents the largest market worldwide. Asia-Pacific is forecast to emerge as the fastest growing market with a projected CAGR of 7.6% over the analysis period. Growth in the region is led by strong infrastructure and construction investments in the leading Asian economies like China, Taiwan, South Korea, Thailand, Malaysia, and India. The emergence of Asia as a global manufacturing hub will additionally spur growth in the coming years.
Major players in the market include 3M, ADCO Global Inc., Bison International B.V., Bostik, Inc., Chemence Ltd., The Dow Chemical Company, Dow Corning Corporation, Franklin International, H.B. Fuller Company, Henkel AG &Co. KGaA, Hernon Manufacturing, Inc., Hodgson Sealants (Holdings) Ltd., Hutchinson Worldwide, Illinois Tool Works Inc., Konishi Co., Ltd., LORD Corporation, Mapei S.P.A, Mapei Corporation, McCoy Soudal, Momentive, PPG Aerospace Inc., RPM International, Inc., Sika AG, Super Glue Corporation, and Universal Sealants Limited, among others.
The research report titled “Sealants: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in Thousands of US$ and Thousand Pounds for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Latin America (Brazil, and Rest of Latin America), and Rest of World. Key segments analyzed by chemical type include Acrylic Emulsion, Butyl Rubber, Plastisol, Polysulfide, Polyurethane, Silicone, and Others.
For more details about this comprehensive market research report, please click here
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