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    Increasing of Construction Industry will Influence Growth of the Elastomeric Sealants Market by 2022 | MarketsandMarkets™
    (I-BusinessNews.Com, October 30, 2021 ) The report "Elastomeric Sealants Market by Type (PS, PU, PB, Silicone, Acrylic, SMP), End-Use Industry (Construction, Automotive & Transportation, Electronics, Furniture & Woodworks, Aerospace & Defense, Marine), Region - Global Forecast to 2022"The elastomeric sealants market is projected to grow from USD 3.77 Billion in 2017 to USD 5.19 Billion by 2022, at a CAGR of 6.6% from 2017 to 2022. The growth of the elastomeric sealants market across the globe can be attributed to the rising demand for elastomeric sealants from the construction and automotive & transportation industries.

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    Construction-the largest end-use industry for elastomeric sealants

    The construction end-use industry segment accounted for the largest share of the elastomeric sealants market in terms of both, value and volume in 2017. The growth of the construction end-use industry segment of the elastomeric sealants market can be attributed to the increasing use of elastomeric sealants in various applications such as cladding, marble works, parking areas, and roads & highways, among others. Moreover, rising number of construction projects in emerging economies such as India and China and continuous innovations in carrying out the construction of buildings in mature markets is expected to drive the growth of the elastomeric sealants market across the globe.

    Silicone-the fastest-growing type segment of the elastomeric sealants market

    Among types, the silicone segment of the elastomeric sealants market is projected to grow at the highest CAGR between 2017 and 2022, in terms of both, value and volume. The growth of this segment of the market can be attributed to the easy availability, low cost, and ease of use of silicone type elastomeric sealants. These sealants are widely used in the construction, electronics, aerospace & defense, and automotive & transportation industries.

    Asia Pacific the largest market for elastomeric sealants

    The Asia Pacific region is a key market for elastomeric sealants. The growth of the Asia Pacific elastomeric sealants market can be attributed to the increased demand for elastomeric sealants from emerging economies such as China and India. Increasing use of elastomeric sealants in the construction industry is also driving the growth of the Asia Pacific elastomeric sealants market.

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    Most active players in the elastomeric sealants market

    The Dow Chemical Company (US), Henkel AG (Germany), 3M Company (US), H.B. Fuller Company (US), Arkema (France), Franklin International (US), Sika AG (Switzerland), Wacker Chemie AG (Germany), RPM International (US), and MAPEI S.p.A. (Italy), among others are the leading players operating in the elastomeric sealants market.

    About MarketsandMarkets

    MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

    Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

    MarketsandMarketss flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


    Mr. Aashish Mehra


    Source: EmailWire.Com


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