Global Latex Sealant Market to Claim 2.8% Growth Rate by 2022-28

Sealant is a substance used to block the passage of fluids through the surface or joints or openings in materials, a type of mechanical seal. In building construction sealant is sometimes synonymous with caulking and also serve the purposes of blocking dust, sound and heat transmission. Sealants may be weak or strong, flexible or rigid, permanent or temporary. Sealants are not adhesives but some have adhesive qualities and are called adhesive-sealants or structural sealants.

The main difference between adhesives and sealants is that sealants typically have lower strength and higher elongation than adhesives do. When sealants are used between substrates having different thermal coefficients of expansion or differing elongation under stress, they need to have adequate flexibility and elongation. Sealants generally contain inert filler material and are usually formulated with an elastomer to give the required flexibility and elongation. They usually have a paste consistency to allow filling of gaps between substrates. Low shrinkage after application is often required. Many adhesives can be formulated into sealants.

There are mainly two kind of Latex Sealant, including including EVA Sealant and Acrylic Sealant.

North America is the largest producer of Latex Sealant, with a market share more than 25%, followed by Europe and China, etc. Henkel, 3M, ITW, PPG and H.B. Fuller are the top 5 manufacturers of industry, and they had nearly 50% combined market share.

The global Latex Sealant market was valued at US$ 566.9 million in 2020 and it is expected to reach US$ 700.5 million by the end of 2027, growing at a CAGR of 2.8% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Acrylic Latex Sealant
  • EVA Latex Sealant
  • Others

Segment by Application

  • Commercial Building
  • Family House
  • Others

By Company

  • Henkel
  • 3M
  • ITW
  • PPG
  • B. Fuller
  • DuPont
  • Bostik
  • Sika
  • RPM INTERNATIONAL INC.
  • Premier Building Solutions

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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