A sealant is a viscous material which
penetrates by capillary action into a substrate where it is applied and
provides a barrier to air, dust, liquids and others, from passing from
one substrate to another. Sealants are corrosion resistant, insoluble in
most media and have adhesion. The adhesion of sealants is slightly
lower compared to adhesives. Sealants lie between high strength
adhesives and low strength caulks and putties. However, they have higher
elongation compared to adhesives. There are numerous types of sealants
which are used across various industries such as building &
construction, automobiles, rubber industry and marine applications among
others.
A sealant fills gaps and voids, forms a
physical barrier through adhesion and maintains sealing properties
between two substrates. The growing automotive market is a key driver
for the growth of sealants market. Sealants find numerous uses inside an
automobile- they are used to fix the acoustic insulation parts in car
doors, insulation matting, cladding of door panels, fixing the car
upholstery and have several other uses in automobiles. They are used in
places requiring moderate adhesion but high elongation. Sealants are
formulated with elastomers which give them the required flexibility;
they are also used to enhance the dielectric strength. However release
of volatile organic compounds (VOC) and hazardous air pollutant
emissions from automotive assembly is a major environmental concern
surrounding sealants. The usage of water based sealants is expected to
open new areas of opportunity for the market of automotive sealants in
the coming years.
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The market of sealants in the U.S and
U.K is growing at a slow pace owing to the economic downturn and slow
recovery from it. The market of sealants is growing exponentially in
China and the Indian subcontinent due to the growing automobile
manufacturing market in these countries.
Brazil is expected to be the new and
upcoming automobile manufacturing hub. There is tremendous growth
potential of sealants in Brazil in the coming years. The growth of the
market is also attributable to technological advances such as additives
which add special properties to sealants.
Polyurethane, butyl sealants and
silicones are the common types of sealants used in automobile industry.
Polyurethane sealants provide strong bonding and excellent stress
recovery to retain shape after being pulled or bent. They offer fast
curing rates and adherence to non primed surfaces. They aid in
maintaining the aesthetics of the automobile by allowing the application
of paints and coatings. The polyurethane sealants protect the surfaces
against impacts, shocks, abrasion and aging. Many additives are combined
with sealants to add special properties such as flame retardant and
insulation properties, for instance, Henkel produces sealants with
special properties for different uses. Its Loctite brand provides high
performance protection to chassis, automotive powertrain, interior and
exteriors. Its Teroson brand includes PVC and non - PVC plastisols which
are corrosion resistant and protect against element intrusion. Its
other brands can be used on pre - painted or oily metal surfaces.
The market of automotive sealants is
fragmented across the globe. There are numerous small, medium and large
players in this market, which serve many markets and produce numerous
sealant variants. There is a worldwide trend of concentration of this
market through mergers and acquisition route. This market is expected to
grow rapidly with improvement in technology and advances in material
sciences. Some of the major players in this market include Dow Chemical
Co, Henkel, Krayden Inc, 3M, Kommerling, Sika Group and Permatex among
others.
This research report analyzes this
market on the basis of its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report also
includes a review of micro and macro factors essential for the existing
market players and new entrants along with detailed value chain
analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments .
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