Global Sealants Market | Growth, Analysis, Share, Trends

1
Rising Medical Applications to Fuel the Global
Sealants Market at CAGR of 5.45 by 2028
Triton Market Research presents the Global
Sealants Market segmented by End-user (Packaging,
Consumer Electronics, Automotive, Construction,
Pressure Sensitive Tapes, Assembly, Other
End-Users), Sealant Type (Polyurethane,
Polyvinyl Acetate, Silicone, Acrylic, Other
Sealant Types), and Geography (North America,
Latin America, Middle East and Africa, Europe,
Asia-Pacific). The market report further
discusses the Market Summary, Industry Outlook,
Impact of COVID-19, Key Insights, Porters Five
Forces Analysis, Market Attractiveness Index,
Vendor Scorecard, Key Market Strategies, Drivers,
Restraints, Opportunities, Competitive
Landscape, Research Methodology Scope, Global
Market Size, Forecasts Analysis (2021-2028).
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earch.com/reports/sealants-marketrequest-free-sam
ple Tritons report denotes that the global
sealants market is likely to showcase revenue
growth by 5.45 of CAGR during the considered
years 2021-2028. In terms of volume, the market
is projected to advance at 4.27 of CAGR in the
same period. Sealants refer to substances that
are produced from multiple chemicals to turn
surfaces into being airtight and watertight,
further preventing solids, liquids, and gasses
from escaping. Also, several properties of
sealants, such as corrosion resistance and
superior adhesion, have led to their application
in packaging, construction, and transportation
industries, among others.
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Sealants are used in tissue bonding and sealing
applications during cardiovascular surgical
procedures, influencing their demand in the
medical industry. Moreover, plasma and protein
sealants are expected to surge in demand, owing
to their widening use in multiple surgical
procedures, including tissue bonding. Hence, the
rising application of sealants in the medical
industry is likely to open several opportunities
for the sealants market over the forecast period.
However, fluctuating prices of raw materials are
hampering the expansion of the sealants market
globally. Asia-Pacific holds the largest market
for sealants, and is anticipated to continue its
stronghold till 2028. The growing manufacturing
sector is expected to drive sealants demand in
automotive, electrical, and industrial machinery
industries. Additionally, the well-developed
manufacturing base in countries such as China,
Taiwan, and South Korea is likely to boost the
studied markets progress. Furthermore, the
rapid urbanization and increasing infrastructural
activities are enhancing the demand for sealants
in the construction sector, simultaneously
promoting the sealants markets progress across
the APAC region. The companies engaged in the
sealants market include Momentive Performance
Materials Inc (MPM), Avery Dennison Corporation,
Henkel AG Co KGaA, Uniseal Inc, General
Sealants Inc, HB Fuller Company, 3M Company,
Arkema SA, BASF SE, ITW Performance Polymers, Dow
Chemical Company, Pidilite Industries Limited,
RPM International Inc, Sika AG, and Huntsman
Corporation. In the sealants market, the entry
for new players is mainly restricted owing to
massive capital investment, surged foreign
competition, and governmental regulatory
requirements in the adhesives sectors. Moreover,
large market players are lowering the chance of
local players to compete in the market. However,
profitable growth in emerging economies is
probable to favor new market players. This
indicates that the threat of new entrants is
predicted to be moderate. On the other hand, the
existing players are involved in surging their
market share through mergers acquisitions,
developing novel products, and different
strategies, further maintaining their competitive
edge. Hence, the competition is estimated to
remain high among the existing players over the
assessed period. Contact Us sales_at_tritonmarketr
esearch.com Phone [phone]