Elastomeric Sealants Market: Sustainable Growth through Innovation and Adaptation

The elastomeric sealants market was projected to reach USD 5.19 billion by 2022, at a CAGR of 6.6% between 2017 and 2022. The growth of the elastomeric sealants market can be attributed to the increased use of elastomeric sealants in various industries such as automotive & transportation, construction, aerospace & defense, marine, electronics, and furniture & woodwork, among others. Moreover, increase in the number of construction projects in emerging economies such as India, China, and Brazil, among others is also expected to fuel the growth of the elastomeric sealants market across the globe. In addition, increasing demand for lightweight vehicles is also contributing to the growing consumption of elastomeric sealants in the automotive industry, thereby leading to the growth of the elastomeric sealants market.

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The elastomeric sealants market has been segmented based on type, end-use industry, and region. Based on type, the elastomeric sealants market has been segmented into Polysulfide (PS), Polyurethane (PU), Polybutadiene (PB), silicone, Silyl Modified Polymer (SMP), acrylic, and others. The silicone type segment accounted for the largest share of the elastomeric sealants market in 2017, in terms of both volume and value. The growth of this segment of the market can be attributed to the increasing demand for silicone type elastomeric sealants from the construction and automotive & transportation industries. These silicone type elastomeric sealants are durable and highly flexible. They offer high resistance to heat and chemicals, thereby making them suitable for use in various industries.
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