The global elastomeric sealants market is witnessing good growth in recent years, due to the various benefits it offers over traditional sealants. They provide good flexibility, durability, heat resistance, and adhesions that are essential in different applications such as cladding, roof building, marble works, and others. They can be used in various surfaces such as stone, steel, concrete, and other polymers.

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Based on type, the elastomeric sealants market is segmented into silicone, polysulfide, polyurethanes, silyl modified polymers, polybutadiene, and others. Of all these, silicon type category is expected to register the fastest growth in the coming years.

On the basis of end-user, the elastomeric sealants market is classified into construction, automotive, electronics, furniture & woodwork, aerospace & defense, marine, and others. These industries are further classified into various applications according to the use of these sealants in these end-user industries.

Growing demand in the construction industry, increasing construction activities in emerging countries, increasing use of these sealants in solar and wind power equipment are the major factors driving the elastomeric sealants market growth.

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The key players operating in the elastomeric sealants industry are adopting various strategies to expand their footprint in the market such as mergers and acquisitions, expansion, new product development, and launches. For example, in 2016, the Dow Chemical Company launched three silicone elastomeric sealants which can be used in numerous industries that include construction, automotive & transportation, and electronics, among others 3M Company, Arkema Group, PPG Industries Inc., The Sherwin-Williams Company, Henkel Corporation, H.B. Fuller, KCC Corporation, RPM International, Sika AG, and DowDuPont Inc. are some of the key players operating in the elastomeric sealants market.

Source: VynZ Research