Elastomeric Sealants Market to Witness Comprehensive Growth Through Forecast Period| MarketsandMarkets™

Posted by Jack Martin on February 21st, 2023

Elastomeric sealants are high-performance sealants that are used in construction and other applications. They are made of rubber-like materials that are flexible and can be used to seal all types of joints and gaps in a variety of surfaces. Elastomeric sealants outperform traditional sealants in terms of adhesion, flexibility, and weather resistance, making them ideal for sealing in areas subjected to extreme weather conditions. They are also used in applications where there is a lot of vibration, like automotive engines. Elastomeric sealants are in high demand due to their superior performance and the need for better sealing solutions in a wide range of applications. The elastomeric sealants market is projected to grow USD 5.19 billion by 2022, at a CAGR of 6.6% during the forecast period. 

The increasing use of elastomeric sealants in the construction industry and automobiles is fueling the growth of the elastomeric sealants market across the globe. The key companies operating in the elastomeric sealants market have adopted various growth strategies such as acquisitions, new product launches, mergers, expansions, agreements & contracts, partnerships, and joint ventures to strengthen their foothold in the market. The Dow Chemical Company (US), Henkel AG (Germany), 3M Company (US), Arkema (France), and Sika AG (Switzerland) are the leading players operating in the elastomeric sealants market.

Request to Sample PDF of this Strategic Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142139000 

3M Company (US) develops various types of elastomeric sealants such as polyurethane, silicone, and silyl-modified polymers for use in various industries such as marine, construction, and furniture & woodwork. The company manufactures and supplies elastomeric sealants through its industrial business segment. It is continuously carrying out R&D activities for the development of new and advanced elastomeric sealants to cater to the requirements of different industries such as marine and furniture & woodwork, among others. 

The Dow Chemical Company (US) is one of the leading innovation-driven companies, which develop innovative elastomeric sealant technologies. The company has adopted the strategy of new product launches, contracts, and mergers to strengthen its position in the elastomeric sealants market. For instance, in 2016, the company launched three new elastomeric sealants, namely, Dow Corning 750, Dow Corning HM-2600, and Dow Corning 2400 for industrial machine assembling, construction, and electronics industries. B. Fuller Company (US), Franklin International (US), Wacker Chemie AG (Germany), RPM International (US), and MAPEI S.p.A. (Italy) are some other key manufacturers of elastomeric sealants.