The global Elastomeric Sealants market was valued at 3659.12 Million USD in 2020 and will grow with a CAGR of 3.53% from 2020 to 2027, based on Envisage Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Elastomeric sealants has been segmented based on type into Polybutadiene (PB), Polysulfide (PS), Polybutadiene (PB), silicone, acrylic, Silyl Modified Polymer (SMP), and others. The silicone type segment accounted for the largest share of the elastomeric sealants market in 2017, in terms of volume. The Silyl Modified Polymer (SMP) type segment of the elastomeric sealants market is projected to grow at the highest CAGR in terms of both, value and volume during the forecast period. The growth of the Silyl Modified Polymer (SMP) type segment of the elastomeric sealants market can be attributed to the increased demand for silyl modified polymer elastomeric sealants from the automotive & transportation and marine industries.The growth of the elastomeric sealants market can be attributed to the increasing applications of elastomeric sealants in the construction industry and rising demand for automobiles and electronics products across the globe. Elastomeric sealants are increasingly used in the automotive & transportation industry due to their high durability, good adhesion, excellent flexibility, and high heat resistance. Moreover, development of lightweight electric vehicles is also driving the growth of the elastomeric sealants market across the globe. Increased consumption of elastomeric sealants in developed economies such as the US and Germany and emerging economies such as China, India, and Brazil is also leading to the growth of the elastomeric sealants market across the globe.
By Market Verdors:
The Dow Chemical
Silyl Modified Polymer (SMP)
Automotive & Transportation
Furniture & Woodworks
Aerospace & Defense
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market's competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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