Structural Sealant: Rising Demand in Building & Construction as well as Marine & Aerospace Industries will boost Market.

Competitive Analysis:

The major players operating in the Structural Sealant Market include BASF SE (Germany), Asian Paints Limited (India), Pidilite Industries Limited (India), Roberlo (Spain), AKEMI (Germany), Chemence (UK),  H.B. Fuller (U.S.), Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Henkel Ltd., Hemel Hempstead (UK), PPG Industries, Inc. (U.S.), 3M (U.S.), LORD Corporation.(U.S.), and others.

Market Segmentation:

Structural Sealant Market is segmented on the basis of type and end use industry. On the basis of type, Structural Sealant Market is segmented into silicone, epoxy, polyurethane, acrylic, and others. Silicone and epoxy hold the largest market share owing to their improved properties which enhance their consumption in numerous end use industries. On the basis of end use industry, the market is segmented into building & construction, marine & aerospace, automotive, general industry and others. Building & construction has captured the largest market share among other end use industries due to rising domestic, institutional, and commercial activities across the globe. In building & construction they are generally used in sealing curtain walls, outdoor application, and in expansion joints. Moreover, they are widely utilized in glass building construction, as large sheets installed in these building require sealant in the panel to achieve a weather resistant structure. Furthermore, silicone and polyurethane Structural Sealant are commonly used in automotive sector. Polyurethane sealants offer excellent stress recovery to retain shape after being bent or stretched. They provide fast curing rates and adherence to non-primed surfaces. Additionally, they protect the surfaces against impacts, shocks, aging, and abrasion. Apart from this, gradually increasing demand from the aviation industry is also helping driving revenues in the Global Structural Sealant Market.

Regional Analysis:

Asia Pacific is predicted to be the largest market for Structural Sealant followed by North America and Europe, on account of increasing demand from building & construction, automotive, and general industry among others. Emerging countries such as India, China, Vietnam, and Malaysia are the fastest growing market for Structural Sealant, and is estimated to grow with the same pace in the near future. North America structural sealant market is expected to witness a substantial growth with U.S. and Canada being major contributors due to growth of end use industries such as marine & aerospace and wind energy. Europe is anticipated to witness a steady growth over the review period due to growing demand for Structural Sealant in construction sector, specifically in Germany, Spain, and UK.

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