Elastomeric Sealant Market By Type (Silicone, Polyurethane, Polysulfide), By End-User (Construction, Automotive & Transportation, Electronic) and By Geography – Global Driver, Restraints, Opportunities, Trends, and Forecast to 2023

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The elastomeric sealant is an elastic and durable sealant designed to provide rubbery texture that dries hard but retains flexibility. The term elastomeric refers to the capability of the material; it is the ability of a material to elongate when stress is applied and return to its original shape and size when the stress is removed. Elastomeric sealants have the advanced properties of universal application to control moisture and water. In the recent years, the popularity of sealants has grown extraordinarily with the global sealants market attracting a significant share.

Research Methodology

The elastomeric sealants market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:

Key Market Insights

Elastomeric sealants have created a niche market in various applications. Several types of elastomeric sealants are present in the market. The types include a variety of materials such as silicones, rubber, polyurethanes, and polysulfide resins. The elastomeric sealants are not the same as latex caulk or ordinary silicone-based sealants. The main difference is that elastomeric sealant is made in such a way that it remains permanently flexible.

The extensive use of these sealants in construction and automotive sectors has given a massive boost to the elastomeric sealant market in the recent years. The rapid growth in economies across the globe and the increasing per capita income among consumers in developing countries are increasing the demand for automobiles. This, in turn, is increasing the demand for elastomeric sealants on automobiles. The construction sector is presently leading the market and is expected to remain the same during the forecast years. Emerging economies such as China, India, and Brazil are looking forward to take advantage of the benefits of acoustic sealants. Further, the industrial and infrastructural market growth is expected to foster the elastomeric sealants market.

Asia Pacific is the largest elastomeric sealants market globally due to the presence of export-oriented manufacturing capacities and intense domestic demand from various end-user industries. The increase in automobile manufacturing and building construction is further driving the market growth in the region. The anticipated economic stability in Europe is expected to boost its manufacturing sector, complementing the growth of the elastomeric sealants market. North America is likely to remain the key region with a significant contribution coming from the US. Few of the prominent companies operating in the acoustic sealants market are BASF SE, 3M, Dow Corning Corporation, General Electric, and Evonik Industries AG.

Types:

  • Silicone
  • Polyurethane
  • Polysulfide
  • Others

End-users:

  • Construction
  • Automotive & Transportation
  • Electronic
  • Others

Geography:

  • Asia Pacific
  • North America
  • Europe
  • Rest of the World

1     Report Outline  

1.1        Introduction

1.2        Report Scope

1.3        Market Definition

1.4        Research Methodology

1.4.1     Data Collation & In-house Estimation

1.4.2     Market Triangulation

1.4.3     Forecasting

1.5        Study Declarations

1.6        Report Assumptions

1.7        Stakeholders

2     Executive Summary  

2.1        Asia Pacific Has Highest Growth Rate in the Acoustic Sealant Market

2.2        Acoustic sealant in construction is Increasing Its Lead With High Growth Coming From Developing Countries

3     Market Positioning  

3.1        Total Addressable Market: acoustic insulation market

3.1.1     Market Overview

3.1.2     Major Trends

3.2        Segmented Addressable Market

3.3        Related Markets

4     Market Outlook  

4.1        Overview

4.2        Value Chain Analysis

4.3        PESTLE Analysis

4.4        Porter 5 (Five) Forces

4.5        Patent Analysis

5     Market Characteristics 

5.1        Market Segmentation

5.2        Market Dynamics

5.2.1     Drivers

5.2.1.1 Increasing demand of comfort life in big cities

5.2.1.2 Rising health concerns and stringent regulatory environment

5.2.2     Restraints

5.2.2.1 Raw material price fluctuations

5.2.2.2 Low awareness of acoustic sealants in emerging economies

5.2.3     Opportunities

5.2.3.1 Technological development in the products

5.2.3.2 Large untapped market in developing and underdeveloped countries

5.2.4     DRO – Impact Analysis

6     By Type: Market Size and Analysis  

6.1        Overview

6.2        Acrylic Acoustic sealant

6.3        Silicone Acoustic Sealant

6.4        Polyurethane Acoustic sealant

6.5        Vendor Profiles

6.5.1     BASF SE

6.5.2     3M

6.5.3     Dow Corning Corporation

6.5.4     General Electric (GE)

6.5.5     Evonik Industries AG

(Overview, business units, geographic revenue, product profile, recent developments, business focus, SWOT analysis, business strategies have been covered for all vendors)

7     End-user: Market Size And Analysis  

7.1        Overview

7.2        Construction

7.3        Automotive

7.4        Electronic Equipment

7.5        Customer Profile

7.5.1     Boeing Corporation

7.5.2     Bechtel Corporation

7.5.3     Toyota Motor Corporation

7.5.4     Siemens AG

7.5.5     VINCI

(Overview, business units, geographic revenue, recent developments, business focus, SWOT analysis, business strategies have been covered for all customers)

8     Regions: Market Size and Analysis  

8.1        Overview

8.2        Asia Pacific

8.2.1     Asia Pacific Market by Countries

8.2.2     Asia Pacific Market by Type

8.2.3     Asia Pacific Market by End-user

8.3        North America

8.3.1     North America Market by Countries

8.3.2     North America Market by type

8.3.3     North America Market by End-user

8.4        Europe

8.4.1     Europe Market by Country

8.4.2     Europe Market by type

8.4.3     Europe Market by End-user

8.5        Rest of the World

8.5.1     Rest of the World Market by Regions

8.5.2     Rest of the World Market by Type

8.5.3     Rest of the World Market by End-user

9     Companies to watch for  

9.1        BOSTIK Technologies Corp.,

9.1.1     Overview

9.2        H.B. Fuller’s passed the American Architectural Manufacturers Association (AAMA)

10  Competitive Landscape  

10.1     Competitor Comparison Analysis

10.2     Market Landscape

10.2.1  Mergers, Acquisitions, & Joint Ventures

10.2.2  Awards & Recognizing

10.2.3  Exhibition & Product Launch

10.2.4  Divestment & divestiture

11  Expert’s Views  

12  Annexure  

Abbreviations

Infoholic research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:

  • Data Collation (Primary & Secondary)
  • In-house Estimation (Based on proprietary data bases and Models)
  • Market Triangulation
  • Forecasting

infoholic Research Methodology

Market related information is congregated from both primary and secondary sources.

Primary sources involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.

Secondary sources include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.