Dublin, May 05, 2021 (GLOBE NEWSWIRE) -- The "Global Sealants Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.
According to this report, the global market for sealants is likely to display a CAGR of 5.45% (by revenue) and 4.27% (by volume), through the years 2021-2028.
Factors such as applications in the construction industry, paired with the automotive industry's demand, are majorly driving the sealants market's growth worldwide. Additionally, the widening application of sealants in the medical industry and the rise in usage from the aircraft & aerospace industry, are opening several opportunities for the market to leverage to reach its anticipated growth.
However, the fluctuating prices of raw materials are among the restraining factors significantly weighing down the sealants market's progress on a global scale.
REGIONAL OUTLOOK
The global sealants market covers North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa regions.
Asia-Pacific is estimated to become the fastest-evolving market for sealants during the assessed years 2021-2028. India, China, and Japan, are likely to majorly contribute to the studied market's growth in this region. For instance, over the years, China and India have observed tremendous growth in automotive production, owing to technology transfer in the industry from the western countries, further influencing the demand for sealants for multiple applications. Additionally, India has a robust chemical industry, which is strengthening the production of sealants.
Furthermore, rising economies, surging infrastructural activities, and rapid urbanization, are largely stimulating the application of sealants, thereby supporting the expansion of the sealants market across the APAC region.
COMPETITIVE OUTLOOK
The well-known companies thriving in the sealants market are Dow Chemical Company, ITW Performance Polymers, General Sealants Inc, Uniseal Inc, Arkema SA, Sika AG, Avery Dennison Corporation, HB Fuller Company, RPM International Inc, BASF SE, Henkel Ag & Co KGaA, 3M Company, Huntsman Corporation, and Pidilite Industries Limited.
3M company is a technology company manufacturing a wide range of innovative products, such as adhesives, tapes, filtration products, home care products, consumer office tapes & adhesives, and surgical supplies, among others. It provides its products to various industries, including industrial, health care, and consumers. The company has its operations spread across multiple regions, such as the Asia-Pacific, Latin America, Europe, North America, and the Middle East and Africa. It has its headquarter in Minnesota, the United States.
Key Topics Covered:
1. Global Sealants Market - Summary
2. Industry Outlook
2.1. Impact of Covid-19 on Sealants Market
2.2. Key Insights
2.2.1. Continual R&D Activities Resulting in New Types of Sealants
2.2.2. Applications of Sealants in Transportation
2.2.3. Emergence of Nanoengineered Sealants
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitute
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Acquisitions
2.6.2. Product Launch
2.6.3. Partnership & Agreement
2.6.4. Business Expansion
2.7. Market Drivers
2.7.1. Applications in Construction Industry
2.7.2. Demand from Automotive Industry
2.8. Market Restraints
2.8.1. Fluctuating Prices of Raw Materials
2.9. Market Opportunities
2.9.1. Widening Applications in Medical Industry
2.9.2. Rise in Usage from Aircraft & Aerospace Industry
3. Global Sealants Market Outlook - by Sealant Type (In Terms of Value: $ Million & in Terms of Volume: Kiloton)
3.1. Silicone
3.2. Polyurethane
3.3. Acrylic
3.4. Polyvinyl Acetate
3.5. Other Sealant Types
4. Global Sealants Market Outlook - by End-User (In Terms of Value: $ Million & in Terms of Volume: Kiloton)
4.1. Construction
4.2. Automotive
4.3. Packaging
4.4. Assembly
4.5. Pressure Sensitive Tapes
4.6. Consumer Electronics
4.7. Other End-Users
5. Global Sealants Market - Regional Outlook (In Terms of Value: $ Million & in Terms of Volume: Kiloton)
5.1. North America
5.1.1. Market by Sealant Type
5.1.2. Market by End-User
5.1.3. Country Analysis
5.1.3.1. United States
5.1.3.2. Canada
5.2. Europe
5.2.1. Market by Sealant Type
5.2.2. Market by End-User
5.2.3. Country Analysis
5.2.3.1. United Kingdom
5.2.3.2. Germany
5.2.3.3. France
5.2.3.4. Spain
5.2.3.5. Italy
5.2.3.6. Russia
5.2.3.7. Rest of Europe
5.3. Asia-Pacific
5.3.1. Market by Sealant Type
5.3.2. Market by End-User
5.3.3. Country Analysis
5.3.3.1. China
5.3.3.2. Japan
5.3.3.3. India
5.3.3.4. South Korea
5.3.3.5. Asean Countries
5.3.3.6. Australia & New Zealand
5.3.3.7. Rest of Asia-Pacific
5.4. Latin America
5.4.1. Market by Sealant Type
5.4.2. Market by End-User
5.4.3. Country Analysis
5.4.3.1. Brazil
5.4.3.2. Mexico
5.4.3.3. Rest of Latin America
5.5. Middle East and Africa
5.5.1. Market by Sealant Type
5.5.2. Market by End-User
5.5.3. Country Analysis
5.5.3.1. United Arab Emirates
5.5.3.2. Saudi Arabia
5.5.3.3. Turkey
5.5.3.4. South Africa
5.5.3.5. Rest of Middle East & Africa
6. Competitive Landscape
6.1. 3M Company
6.2. Arkema Sa
6.3. Avery Dennison Corporation
6.4. Basf Se
6.5. Dow Chemical Company
6.6. General Sealants Inc
6.7. Hb Fuller Company
6.8. Henkel AG & Co Kgaa
6.9. Huntsman Corporation
6.10. ITW Performance Polymers
6.11. Momentive Performance Materials Inc (Mpm)
6.12. Pidilite Industries Limited
6.13. RPM International Inc
6.14. Sika AG
6.15. Uniseal Inc
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology
For more information about this report visit https://www.researchandmarkets.com/r/t6re3f
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May 05, 2021 at 05:03PM
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Worldwide Sealants Industry to 2028 - Widening Applications - GlobeNewswire
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