This “Sealants Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Sealants market can use for expanding their business in untapped market to increase their customer base.
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Sealants Market Covers Manufacturers:
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Key Market Trends:
Accelerating Building & Construction Industry
– Sealants, owing to their characteristics and physical properties (such as, good cohesion, adhesion, elasticity, high cohesive strength, flexibility, high elastic modulus of substrate, resistance to thermal expansion, environmental resistance to UV light, corrosion, salt water, rain, and other weathering conditions) have extensive use in the construction industry. Sealants are mainly used to seal the joints and gaps between substrates; hence, they are critical components of the construction industry. The chief purpose of sealants is to avoid air, water, and other elements from exiting or entering the structure.
– The pace of growth of the global construction industry stabilized in 2018. However, it is expected to increase during the coming years in regions like the Middle East and Asia-Pacific. Construction is likely to be one of the most dynamic industrial sectors in the next 15 years and is utterly crucial to the evolution of prosperous societies around the world. The volume of construction output is expected to grow by 85%, to USD 15.5 trillion, globally, by 2030, with three countries, China, the United States, and India, leading the way and accounting for 57% of all global growth.
– Longer-term demand is expected to be evinced across all regions, but with particular strength in South America and Asia, where major construction and infrastructure improvement projects are planned. In Europe, the construction industry is stabilized; however, it is not expected to continue to decelerate.
– All such aforementioned factors are expected to increase the demand from building and construction sector during the forecast period.
Asia-Pacific is Expected to Dominate the Market
– Asia-Pacific dominated the market in 2018 with the largest consumption taking place in countries such as China and India.
– India is a growing economy and holds great potential for future market opportunities. Despite the unfavorable global economic issues, robust urban consumption and increase in public investment have guided growth in the Indian economy. Industrial production, as well as the automotive, electrical & electronics, and manufacturing sectors have seen increased growth, with commercial, and government investments, as well as FDI involvement, driving the market for sealants in India.
– The major manufacturers of sealant in India are Arkema (Bostik), Ashland Inc., Henkel Ag & Co. KGaA, and 3M, among others. End-user industries, such as the automotive, construction, and manufacturing industries, as well as the packaging industry, have seen increased growth with private and government investments, as well as FDI involvement, boosting the market for sealants at a larger scale in India.
– The Chinese construction sector is expected to grow by 5.9% in 2019. In China, as well as the global economy, was negatively impacted by the ongoing trade disputes. Local authorities resorted to increasing public investment in the infrastructure sector.
– All such aforementioned factors are expected to increase the usage of sealants in the Asia-pacific region over the forecast period.
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Target Audience of Sealants Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Sealants Market Report:
- Analyzing various perspectives of the Sealants market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Sealants market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Sealants market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Sealants market studied, during the forecast period
- The segments that are expected to dominate the Sealants market studied.
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