Global Elastomeric Sealants Market is segmented By Type (Silicone, Acrylic, Polysulfide, Polyisobutylenes, Polyurethane, Silane-Modified Polymers, Others), By Surface (Glass, Steel, Stone, Concrete, Other Polymers), By Application (Bonding, Vibration Resistance, Low Modulus, Assembly of Flexible Circuits, Others), By End-User (Building & Construction, Automotive & Transportation, Electrical & Electronics, Furniture & Woodworks, Aerospace & Defense, Marine, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Elastomeric Sealants Market Overview
A Report by DataM Intelligence estimates the Global Elastomeric Sealants market to grow at a high CAGR Of 6.4% during the forecast period 2024- 2031. The market is expected to grow due to increasing demand from Building & Construction, Automotive & Transportation. The competitive rivalry intensifies with Henkel AG, Dow Chemical Company., RPM International Inc., and others operating in the market.
Elastomeric sealants are the bonding materials that are used for finishing, protecting surfaces, and sealing. Moreover, it strengthens & seals the surface, builds a waterproof barrier when applied to a crack or space, enhances the material when stress is applied to it and returns to its original shape & size when pressure is removed. Compared with other kinds of sealants, the elastomeric sealant has good elasticity, good resistance to high temperature and low-temperature flexibility, good resistance to climate, ozone and ultraviolet, long service life and relatively low cost. Besides, the elastomeric sealant's hardness is high, and the surface sealant is rigid, with insufficient elasticity and flexibility.
Furthermore, elastomers employed as gaskets and caulking compounds play an essential role in maintaining solar collectors' energy efficiency by decreasing foreign material accumulation on the glazing and absorber surfaces. Collector efficiencies decrease considerably from the collection of dust and condensed pollutants, and degradation products evolved from the solar collector's polymeric components. Besides, the sealants' proper functioning depends on their resistance to environmental factors, including extremes of temperature, oxygen, ozone, water, and ultraviolet radiation. An elastomeric sealant is mainly composed of base sealant, filler, crosslinking agent, catalyst and other additives. The base adhesive is the raw material of elastomeric sealant, which determines the performance of the sealant.
Elastomeric Sealants Market Scope
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Metrics |
Details |
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Market CAGR |
6.4% |
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Segments Covered |
By Type, By Surface, By Application, By End-User and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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Elastomeric Sealants Market Dynamics
An elastomeric sealant is used on many surfaces like metal, steel, cladding, stones, windows, glass, roads, concrete, wood, and others due to its properties, including durable, control moisture & water, and easy to handle due to its elastic texture, which dries and maintains the material's flexibility.
The increasing demand for elastomeric sealants for applications in glass windows, cladding, bridges, roads, and highways, among others, in the building & construction industry, is a significant factor to drive the growth of elastomeric sealants during the forecast period. Moreover, elastomeric sealants gain substantial change in the automotive sector for their wide range of usage in installing windscreen frames, water shield sealing to protect the interior from moisture, shock vibration, corrosion, and thermal stress. The growing demand for EVs has increased the demand for advanced bonding products from high-tech electronics manufacturers to protect sensitive electrical equipment like capacitors, sensors, and ICs is expected to drive the market growth during the forecast period. According to industry, the global market sized was at around 4.5 trillion euros in 2019 and market contract by 3% in 2020 due to Covid-19. But it is expected to increase the market growth due to the growing demand for automation and EV industries during the forecast period.
Furthermore, the increasing use of elastomeric sealants in aerospace & defense for fuel tank sealing and other applications is expected to contribute considerably to the market growth in the forecast period.
Elastomeric Sealants Market Segmentation Analysis
By type, the market is segmented into silicone, acrylic, polysulfide, polyisobutylenes, polyurethane, silane-modified polymers, and others. The market is segmented into glass, steel, stone, concrete, and other polymers by surface. The market is segmented into bonding, vibration resistance, low modulus, assembly of the flexible circuit, and others. The market is segmented into building & construction, automotive & transportation, electrical & electronics, furniture & woodworks, aerospace & defense, marine, and others by end-user.
Polyurethane is a polymer that contains the urethane group -NH-CO-O- produced in reaction with isocyanate and polyol. Moreover, polyurethane properties vary depending on the preferred types of isocyanate and polyol. They are commonly used as rigid foam insulation mirrors in cars or buildings, as cellular foam in furniture and as mattresses as microcellular foam in shoe soles. Besides, polyurethane elastomers are formed by combining hard (isocyanate) and elastic (polyol) elements. Changing these selections creates the excellent properties of the polyurethane elastomers, include abrasion resistance, tear strength, chemical resistance, load resistance, oxidation resistance, transparency, and adhesiveness.
Furthermore, the raw materials used in PU-elastomer production can be split into four groups isocyanates (TDI and MDI), polyols (polyether and polyesters), chain extenders, crosslinkers, additives (pigments, flame retardants, fillers).
Simultaneously, silicone elastomers offer unique performance properties like a vast temperature range of -150°F to above +500°F, chemical resistance, waterproof, and excellent stability against weathering. Many silicone elastomer compounds have been developed to meet several application requirements in many different industries and are commonly used as adhesives, sealants, coatings and encapsulants.
These properties make silicone, and polyurethane elastomer commonly used in various industries like furniture & homecare, building & construction, electrical & electronic, and automotive and are expected to drive elastomeric sealants' market growth the forecast period. According to DataM analysis, furniture & homeware is expected to reach USD 296,620 million with a CAGR of 6.6%, with user penetration of 17.8% in the forecast period. The average revenue per user is expected to amount to USD 271.
Global Elastomeric Sealants Market Geographical Share
Asia-Pacific is the fastest-growing and holds the largest market share in terms of value and volume in the elastomeric sealants due to the growing infrastructural activities and automotive industries, mainly in China and India. Moreover, the increasing demand for furniture and electronics industries due to the changing lifestyle is expected to boost this region's market growth. Besides, the development of the furniture industry and woodworks in this region is expected to grow the forecast period's market growth.
North America is expected to hold a significant market share and growth due to the advanced aerospace & defense sector. The US holds the highest market share in this region due to leading military powers, and the increasing demand from this sector is expected to boost elastomeric sealants market growth.
Europe is also expected to contribute the market growth due to the high production, sales, and exportation of the automobile industries in this region. Many development and R&D are going for the advancement of the automotive sector with various characteristics. Latin America has moderate growth and is expected to grow substantially during the forecast period due to high demand from the building & construction industry.
Elastomeric Sealants Market Companies and Competitive Landscape
The elastomeric sealants market is fragmented with the presence of regional and global players. The competitive outline lies with the increase in the regional company and growing investment in upstream application. 3M Company, Dow Chemical Company, Henkel AG, Arkema, Sika AG, H.B. Fuller Company, RPM International Inc., PPG Industries, Inc., VCM Polyurethanes Pvt. Ltd, KCC CORPORATION is the major player in the sealants market. The major players adopt various growth strategies such as product launches, acquisitions, and collaborations, contributing to the growing elastomeric sealants market.
3M Company
3M™ Polyurethane Adhesive Sealant 560 is a moisture-curing, high-strength, single-component, gap-filling polyurethane adhesive that forms high-strength bonds on a broad type of materials such as plastics, metals, fiberglass and wood that creates high strength elastomeric sealant. Moreover, it exhibits good UV resistance, high tensile strength, high modulus in a wide variety of extreme service environments, and mid-range shore A hardness. It is also used in various applications like panel bonding, attaching exterior panels and metal framework, vehicle flooring attachment, transportation manufacturing, and mechanical fasteners' replacement in many situations to fulfill the consumer requirement. Many other R&D are going for the advancement of the elastomeric sealants.
Why Purchase the Report?
- Visualize the Elastomeric Sealants Market segmentation composition by Type, Surface, Product, Application, End User, and region, highlighting the critical commercial assets and players.
- Identify commercial opportunities in the Elastomeric Sealants Market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of Elastomeric Sealants Market - level 3 segmentation.
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- Product mapping in excel for the key product of all major market players
Target Audience
- Service Providers/ Buyers
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
- Manufacturers
