The Global Mastic Sealant Market was valued at US$ 10790.0 Mn in 2017 and is expected to reach US$ 14250.0 Mn by 2022.Mastic is a liquid sealant that is flexible and protects surfaces after drying. Mastic sealant can easily adhere to different materials such as glass, concrete, aluminum, wood, duct board, marble, and steel and can maintain a durable bond for long time. It has a wide range of use that includes connecting windows and other structures in residential areas to filling cracks in different masonry works. Rise in the popularity of eco-friendly and low volatile organic compounds (VOC) sealants, these adhesives contribute to environmental problems like air pollution, in particular, the formation of ground-level ozone or smog.
Leading key players such as, 3M Company, ND Industries, Inc., H.B. Fuller, Carlisle Fluid Technologies, Bostik Philippines Inc., Eastman chemical Company, Wacker Chemie AG, ADCO Global, Inc., Sika AG, Momentive Chemical Specialty Chemicals Inc., amongst others. In January 2017, H.B. Fuller announced the purchase of industrial adhesive business of Wisdom Worldwide Adhesives based in Illinois have been mentioned to provide the structures of successful companies in Mastic Sealant Market.
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Mastic Sealant Market, by Type
Based on type, the market for mastic sealant can be segmented into oil-based mastic sealant, silicone sanitary grade, glazing silicone, rubber based, acrylic, caulk, polyurethane, and high temperature based. Oil based mastic sealant remains fluid under a fast forming skin that can be painted over after being allowed to dry. The rubber-based segment is expected to expand significantly during the forecast period primarily due to the high workability, tensile strength, and adhesion of these type of sealants. This is anticipated to drive the mastic sealant market across the globe.
Mastic Sealant Market, by Region
In terms of region, the global market for mastic sealant can be segmented into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. On the basis of geography, Asia Pacific is anticipated to dominate the market in the near future primarily due to the rapid industrialization and urbanization in countries such as China and India. The resulting growth in the usage of mastic sealants in various industries, is expected to boost the mastic sealant market.
Objectives includes:
- To analyze and research the global Mastic Sealant market status and future forecast, involving, production, revenue, consumption, historical and forecast.
- To present the key Instant Mastic Sealant manufacturers, production, revenue, market share, and recent development.
- To Disaggregated data by region, product type, manufacturer and distribution channel.
- To analyze the potential and benefits of the global market and key regions, opportunities and challenges, constraints and risks.
- To identify key global and regional trends, driving forces and influencers.
- To analyze the competitive landscape such as expansions, deals, new product launches, and market acquisitions
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