[FURL=https://www.industryarc.com/Research/Elastomeric-Sealants-Market-Research-500397?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Elastomeric Sealants Market[/FURL] is expected to reach a value of $5.4 billion by the end of the year 2026 after growing at a CAGR of 5.7% during the forecast period from 2021-2026. The increase in demand in construction and automotive industry, have eventually led to the market for elastomeric sealants, as it is one of the key use industries of elastomeric sealants. Elastomeric sealant is also extensively used in infrastructure industry, which has surged the demand for elastomeric sealants. Various types of elastomeric sealants such as silicone emulsions, acrylate dispersion and silane modified polymer. Silicone emulsions are extensively used as release agents and lubricants in food trays and plastic serving dishes, as it helps in improving protection, resistance, gloss and spread-ability. Acrylate dispersions are helpful in providing hardness, chemical resistance and corrosion inhibition.
Covid-19 Impact
Before the Covid-19 pandemic, the elastomeric sealant market was showing tremendous growth. During the Covid-19 pandemic, the elastomeric sealants market saw a sharp decline in the market growth in terms of production, sales and distribution.
Key Takeaways
Asia-Pacific market is expected to hold the largest share in the elastomeric sealants market during the forecast period of 2021-2026 owing to the presence of export-oriented manufacturing capacities and intense domestic demand from various end-use industries.
Elastomeric sealants are extensively used in automobile and transportation industry due its high durability, excellent adhesive properties, super flexibility property, and high heat resistance.
The increase in elastomeric sealant is also driven by the increased demand from the infrastructure industry due to the properties such as durability and flexibility.
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Elastomeric Sealants Market Segment Analysis - Geography
Asia Pacific region held the highest share in the elastomeric sealants market in 2020. The Asia Pacific market is estimated to grow at a substantial rate in the upcoming years. The major factor contributing to the increased demand for elastomeric sealant in this region is the rapid rise in urbanization in emerging countries such as India and China.
Elastomeric Sealants Market Drivers
Rapid growth in the automotive industry
Elastomeric Sealants Market Landscape
Innovation, expansions, new product launches, acquisitions, and mergers are some of the key strategies adopted by players in the Elastomeric Sealants Market. Major players in the Elastomeric Sealants Market are H.B. Fuller Company, Tremco Incorporated, VCM Polyurethanes Pvt. Ltd, The Dow Chemical Company, Chemence, 3M Company, Arkema, Henkel, RPM International and KCC Corporation among others.
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