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Pulished Date March, 2021
ID: 11366
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Elastomeric Sealants Market – Segmented By Type (PS, PU, PB, silicone, acrylic, and SMP), By End-use industry (construction, automotive & transportation, electronics, furniture & woodworks, aerospace & defense and marine) & By Region | 2021 to 2026

Pulished: March, 2021
ID: 11366
Pages: 175

Elastomeric Sealants Market Analysis Report (2021 - 2026)

The Elastomeric Sealants Market was valued at USD 3.89 billion in 2021 and is predicted to reach USD 5.350 million in 2026, with a CAGR of 6.2% during the foreseen period of 2021 to 2026.

The expansion of the sealants market Elastomeric can be attributed to the escalating applications of elastomeric sealants in the construction industry and escalating calls for automobiles and electronic products around the world.Elastomeric sealants are bonding materials employed to seal, finish, and protect surfaces. Elastomeric sealants can be applied to a variety of surfaces, including stone, concrete, floors, driveways, and other polymers. Elastomeric sealants can be employed in homes to seal windows and doors, showers and bathtubs, sinks, and toilets. In addition, elastomeric sealants are employed to seal the roof surface and create a waterproof barrier. Elastomeric sealants are employed for a variety of applications in various end-use industries. This type of sealant is most effective when an elastic, moisture-resistant sealant is required.

Elastomeric sealants are employed in the automotive and transportation industry due to their high durability, good adhesion, excellent flexibility, and high heat resistance. Furthermore, the development of light electric vehicles is also driving the expansion of the elastomeric sealant market around the world..

Recent Developments 

The Munich-based chemical group can now offer products made with bio-methanol to suppliers of silicone sealants.

Elastomeric Sealants Market Drivers

One of the main drivers for the elastomeric sealants market is the escalating call in the construction industry. The growing call for PS (polysulfide) elastomeric sealants in the aerospace and defense industry and growing concerns about the use of green building sealants are helping the market to grow over time. Stringent environmental regulations have led to increased consumption of solar and wind energy equipment, thus stimulating the market for elastomeric sealants. Furthermore, the call for sophisticated bonding products from high-tech electronics manufacturers to protect sensitive electrical equipment such as capacitors, sensors, and integrated circuits is predicted to drive market expansion during the period considered. Furthermore, the escalating use of elastomeric sealants in the aerospace and defense industry for escape slides, life rafts, fuel tank sealing, and other applications is predicted to add considerable value to the elastomeric sealants market.

Elastomeric Sealants Market Restraints

Growing concerns regarding volatile organic compound (VOC) emissions are acting as a drag on the expansion of the elastomeric sealant market around the world.

Opportunities in the Elastomeric Sealants Market

The strong expansion of the automotive industry in developing countries and the escalating call for bio-based and environmentally friendly sealants provide expansion opportunities for the elastomeric sealant market. Increased construction activity in emerging countries such as India, China, South Korea, and others are driving elastomeric sealants market demand. The high call for elastomeric sealants for various applications such as siding, glass windows, bridges, highways, and highways in building and construction is also escalating the growth rate of the elastomeric sealant market.

Challenges in the Elastomeric Sealants Market

In the construction industry, foam tapes replace elastomeric sealants. This factor is predicted to restrict the market during the foreseen period. Regulation regarding the VOC content of elastomeric sealants is another limitation for the elastomeric sealant market. Fluctuations in raw material prices and low awareness of acoustic sealants in emerging economies are limiting the market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2020 – 2025

Base Year

2020

Forecast Period

2021 - 2026

CAGR

6.2%

Segments Covered

By Product, Type, Consumption, Distribution Channel and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

Market Leaders Profiled

Arkema (France), Sika AG (Switzerland), H.B. Fuller Company (US), RPM International Inc. (US), PPG Industries, Inc. (US), VCM Polyurethanes Pvt. Ltd (India), Wacker Chemie AG (Germany), Mapei SpA (Italy), KCC CORPORATION (South Korea)

Elastomeric Sealants Market

Elastomeric Sealants Market Segmentation as per the research report until 2026.

Elastomeric Sealants Market By Type

  • Polybutadiene (PB)
  • Polysulfide (PS)
  • Polybutadiene (PB)
  • Silicone
  • Acrylic
  • Silyl Modified Polymer (SMP)
  • Others

The silicone-like segment accounted for the majority of the elastomeric sealant market in 2021 in terms of volume. The silyl modified polymer type (SMP) segment of the elastomeric sealant market is predicted to grow at the highest CAGR in terms of value and volume over the foreseen period.

Elastomeric Sealants Market By End-use 

  • Construction
  • automotive & transportation
  • electronics
  • furniture & woodworks
  • aerospace & defense
  • marine

Elastomeric Sealants Market - By Region

 The Elastomeric Sealants Report includes the segmentation of Regions:

  •  North America 

  •  Europe 

  •  Asia Pacific 

  •  Latin America 

  •  Middle East & Africa 

The Asia-Pacific region is predicted to dominate the elastomeric sealant market during the foreseen period. The expansion of the elastomeric sealant market in the region of Asia-Pacific can be credited to the economic advancement taking place in so many nations in the Asia-Pacific region. Additionally, increased investment from the public and private sectors in the construction industry in the Asia-Pacific region is also driving the expansion of the elastomeric sealant market in the region. The elastomeric sealant markets in China, India, Mexico, and Brazil are also experiencing significant expansion due to increased consumption of electronic and automotive products in these countries. North America has a significant share of the worldwide elastomeric sealant market due to the expansion of the aerospace and defense sector in the region. The Middle East and Africa market is predicted to see substantial expansion during the foreseen period due to call from the building and construction industry in countries such as Saudi Arabia and the United Arab Emirates. North America represents a sizeable market share due to the important aerospace and defense sector. The United States is a major military power, and the call for elastomeric sealants from this industry is driving market expansion.

Impact of COVID-19 on Elastomeric Sealants Market:

The staggering ramifications of the COVID-19 pandemic have affected us all. Worldwide personal losses are simply devastating, and preventative measures like widespread closings and physical distancing, while necessary, have completely transformed our daily reality into what may seem like a surreal nightmare. The overall economic effect of the coronavirus is not yet known and may not be fully taken into account for some time. What does this mean for adhesive and sealant companies? Beyond transportation delays resulting from travel restrictions and some driver shortage issues, COVID-19 has yet to have a significant impact on supplies of raw material for adhesives and sealants. The situation is very fluid, but the availability of raw materials such as binders and resins has not yet become a problem. Industries using adhesives and sealants are experiencing varying levels of call due to both the pandemic and massive reductions in oil prices.

Elastomeric Sealants Market Key Players:

Some of the key players operating in the global elastomeric sealants market are 

  1. 3M (US)The Dow Chemical Company (US)
  2. Henkel AG & Co. KGaA (Germany)
  3. Arkema (France) 
  4. Sika AG (Switzerland)
  5. H.B. Fuller Company (US)
  6. RPM International Inc. (US)
  7. PPG Industries, Inc. (US)
  8. VCM Polyurethanes Pvt. Ltd (India)
  9. Wacker Chemie AG (Germany)
  10. Mapei SpA (Italy)
  11. KCC CORPORATION (South Korea)

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Elastomeric Sealants Market, By Type                             

                                6.1.1 Polybutadiene (PB)             

                                6.1.2 Polysulfide (PS)     

                                6.1.3 Polybutadiene (PB)             

                                6.1.4 Silicone     

                                6.1.5 Acrylic       

                                6.1.6 Silyl Modified Polymer (SMP)         

                                6.1.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.8 Y-o-Y Growth Rate Analysis              

                                6.1.9 Market Attractiveness Index           

                6.2 Elastomeric Sealants Market, By End-User Industry                  

                                6.2.1 Construction          

                                6.2.2 automotive & transportation          

                                6.2.3 electronics              

                                6.2.4 furniture & woodworks     

                                6.2.5 aerospace & defense         

                                6.2.6 marine      

                                6.2.7 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.8 Y-o-Y Growth Rate Analysis              

                                6.2.9 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By End-User Industry         

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By End-User Industry         

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By End-User Industry         

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By End-User Industry         

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By End-User Industry         

8. Key Player Analysis                                    

                8.1 3M (US)The Dow Chemical Company (US)                     

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Henkel AG & Co. KGaA (Germany)                    

                8.3 Arkema (France)                      

                8.4 Sika AG (Switzerland)                             

                8.5 H.B. Fuller Company (US)                     

                8.6 RPM International Inc. (US)                 

                8.7 PPG Industries, Inc. (US)                       

                8.8 VCM Polyurethanes Pvt. Ltd (India)                  

                8.9 Wacker Chemie AG (Germany)                          

                8.10 Mapei SpA (Italy)                   

                8.11 KCC CORPORATION (South Korea)                 

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Elastomeric Sealants Market By Region, From 2021-2026 ( USD Billion )

  2. Global Elastomeric Sealants Market By Type, From 2021-2026 ( USD Billion )

  3. Global Polybutadiene (PB) Market By Region, From 2021-2026 ( USD Billion )

  4. Global Polysulfide (PS) Market By Region, From 2021-2026 ( USD Billion )

  5. Global Polybutadiene (PB) Market By Region, From 2021-2026 ( USD Billion )

  6. Global Silicone Market By Region, From 2021-2026 ( USD Billion )

  7. Global Acrylic Market By Region, From 2021-2026 ( USD Billion )

  8. Global Silyl Modified Polymer (SMP) Market By Region, From 2021-2026 ( USD Billion )

  9. Global Elastomeric Sealants Market By End-User Industry, From 2021-2026 ( USD Billion )

  10. Global Construction Market By Region, From 2021-2026 ( USD Billion )

  11. Global automotive & transportation Market By Region, From 2021-2026 ( USD Billion )

  12. Global electronics Market By Region, From 2021-2026 ( USD Billion )

  13. Global furniture & woodworks Market By Region, From 2021-2026 ( USD Billion )

  14. Global aerospace & defense Market By Region, From 2021-2026 ( USD Billion )

  15. Global marine Market By Region, From 2021-2026 ( USD Billion )

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