DUBLIN--(BUSINESS WIRE)--The "Elastomeric Sealant Market By Type, By End-User and By Geography - Global Driver, Restraints, Opportunities, Trends, and Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
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.
- BASF SE
- Dow Corning Corporation
- Evonik Industries AG
- General Electric
- Increasing Demand of Comfort Life in Big Cities
- Rising Health Concerns and Stringent Regulatory Environment
- Raw Material Price Fluctuations
- Low Awareness of Acoustic Sealants in Emerging Economies
- Technological Development in the Products
- Large Untapped Market in Developing and Underdeveloped Countries
Key Topics Covered
1 Report Outline
2 Executive Summary
3 Market Positioning
4 Market Outlook
5 Market Characteristics
6 By Type: Market Size And Analysis
7 End-User: Market Size And Analysis
8 Regions: Market Size And Analysis
9 Companies To Watch For
10 Competitive Landscape
11 Expert's Views
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