“Sealants Market” report 2019-2024 provides detailed summary of company competition, market demand, regional forecast, marketing price and new investment feasibility analysis is included of Sealants market. It also covers approximate CAGR, key-players, scope of the report, regional analysis, major market factors of Sealants market, reasons of buying this report and complete TOC of report.
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There are 4 key segments covered in this Sealants Systems Market report:
- Competitor segment
- Product type segment
- End-use/application segment
- Geography segment
Sealants Market by Key Players:
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Scope of the Report:
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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Sealants Market Covers Following Points in TOC:
- Chapter 1: Sealants Market Definition
- Chapter 2: Research Methodology of Sealants Market
- Chapter 3: Sealants Market Executive Summary
- Chapter 4: Sealants Market Overview Includes Current Market Scenario, Porter’s Five Forces Analysis, Bargaining Power of Suppliers and Consumers, Threat of New Entrants and Substitute Product and Services
- Chapter 5: Market Dynamics Covers Drivers, Restraints, Opportunities and Challenges
- Chapter 6: Sealants Market Segmentation by Types, End-User, and Applications Forecast to 2024
- Chapter 7: Sealants Market Segmentation by Geographical Regions
- Chapter 8: Competitive Landscape of Sealants Market Includes Mergers & Acquisition Analysis, Agreements, Collaborations, and Partnerships, New Products Launches
- Chapter 9: Key Players for Sealants Market
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