Sealants Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Sealants Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The sealants market size is expected to expand at a CAGR of 4% during the forecast period, 2021–2028.

The growth of the market is attributed to the rising demand for dental and surgical sealants.

Sealants are primarily used in mobile phones, hard disc drives, and laptops. The primary role of the sealant is to make sure that no foreign particles get between the two surfaces that have been fixed in place by the adhesives. Adhesives have widespread use in manufacturing products such as camera lenses, PCB, and connectors. Silicones and urethane are the most commonly used sealants.

Market Trends, Drivers, Restraints, and Opportunities    

Rapid urbanization and industrialization has increased the construction in emerging economies, which is expected to propel the market growth.

Rising investment of government state bodies in the healthcare infrastructure is anticipated to spur the growth of the market.

Volatility in the price of raw materials can hinder the growth of the market.

Growing demand for automatic valves is speculated to create lucrative opportunities for industry players in the projected timeline.

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Market Segment Insights Polyurethane segment to account significant market share Based on products, the market is divided into silicone, polyurethane, acrylic, polyvinyl acetate, and

others. The polyurethane segment is projected to account for a significant market share during the forecast period. The segment growth is attributed to the solidity, low viscosity, and less cure time offered by silicon-based sealants. These features are driving this type of sealant penetration in footwear, packaging laminations, bonding fiberglass, and automotive windshield bonding.

Building and construction segment to exhibit a high CAGR Based on end-user industries, the market is classified as building and construction, transportation, healthcare, electrical and electronics, and others. The building and construction segment is projected to exhibit a high CAGR during the forecast period.

Sealants confers good cohesion, adhesion, elasticity, high cohesive strength, flexibility, resistance to thermal expansion, environmental resistance to UV light, corrosion, salt water, rain, and other weathering conditions, which have increased their demand in the building and construction industry.

They are primarily used to seal the joints and gaps between substrates, and hence they are critical components of the construction industry. The most important purpose of sealants is to prevent air, water, and other elements from exiting or entering the structure.

The speed of growth of the global construction industry stabilized in the recent times. However, it is expected to increase during the coming years, in regions, such as Middle East & Africa and Asia Pacific.

These factors are expected to increase the demand for sealants in the construction sector during the forecast period.

Asia Pacific to dominate the market Based on regions, the market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the sealants market during the forecast period. The market growth is attributed to rising industrial production in the automotive, electrical & electronics, and manufacturing sectors. The construction sector in China is expected to grow by 5.9% during the forecast period. China was negatively impacted by the ongoing trade disputes with the US. Local authorities resorted to increasing public investment in the infrastructure sector.

Inquiry- https://growthmarketreports.com/enquiry-before-buying/1173 Competitive Landscape Some of these major players include Henkel Ag & Co. KGaA, H.B. Fuller Company, ITW Polymers Sealants North America, 3M, and Sika AG, among others.

Major industry players are engaging in partnerships, collaborations, and acquisitions to expand their market share.

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