Transparency Market Research (TMR) provides key insights on the elastomeric sealants market in its latest report titled “Elastomeric Sealants Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026.” According to the report, rapid growth of the automotive industry in Asia Pacific is predicted to drive the elastomeric sealants market during the forecast period. Countries in Asia Pacific have witnessed increased demand for bio-based and eco-friendly sealants that offer growth opportunities to the elastomeric sealants market.

The report also states that the strict regulations regarding environmental issues has led to increase in the consumption of solar and wind power equipment, thereby driving the elastomeric sealants market. The rising demand in the construction industry is a major driver for the elastomeric sealants market. Increase in construction activities in developing countries, use of elastomeric sealants in solar and wind power equipment, and recovery of the construction sector in the U.S. have fueled the global elastomeric sealants market.

In terms of regional perspective, the report has segmented the global elastomeric sealants market into Asia Pacific, North America, Europe, South America, and Middle East & Africa. Among these, Asia Pacific is anticipated to be the leading market for elastomeric sealants during the forecast period. Increasing infrastructure activities and growth of construction, automotive & transportation, and electronics industries in developing countries such as China and India are anticipated to boost the market in Asia Pacific in the near future.

Europe is a hub for the automotive industry, wherein elastomeric sealants are used in various applications. North America holds a considerable share of the global market for elastomeric sealants, due to growth the aerospace & defense sector in the region. The market in Middle East & Africa is projected to witness substantial growth during the forecast period, owing to demand from the building & construction sector in countries such as Saudi Arabia and the UAE.

Major players in the global elastomeric sealants market are included in this report to give a better competitive landscape and these are The Dow Chemical Company, Henkel AG & Co. KGaA, 3M, H.B. Fuller Company, Arkema, Franklin International, Sika AG, RPM International Inc., Wacker Chemie AG, and Mapei.

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