The globalWaterproof Adhesives and Sealants Market is projected to be USD 24.75 Billion by 2020, registering a CAGR of 5.95% between 2015 and 2020.
Browse 117 tables and 39 figures spread through 145 Pages and in-depth TOC on "Waterproof Adhesives and Sealants Market”.
This growth is fuelled by the growing technological advancement, increasing demand in application areas such as building & construction, transportation, electronics & electrical, packaging, and medical devices, rising development strategies in developing economies, and increasing expansion and acquisition activities.
Major manufacturers such as the 3M Company (U.S.), Huntsman Corporation (U.S.), Bostik S.A. (France), Dow Corning (U.S.), H.B. Fuller (U.S.), Henkel AG & Company (Germany), Mapei (Italy), and Sika AG (Switzerland) among others are profiled in this report. These companies have adopted both organic and inorganic growth strategies such as acquisitions and new product launches.
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Silicones: The highest demanded and fastest-growing polymer in the waterproof adhesives and sealants market
Silicones are versatile polymers with excellent adhesion properties of that come from their chemical structure. This allows them to bind together materials that were traditionally difficult to unite such as glass, metal, and stone. Also, silicones are highly water resistant as they block the passage of water or any liquid and do not degrade the humidity. Therefore silicone-based adhesives and sealants are used for applications such as aquaria, underwater respiratory devices, swimming pool construction, and nautical electronic equipment. Thus, the market for silicones is projected to be the fastest-growing chemistry and accounts for the major share of the overall waterproof adhesives and sealants market
Building & Construction: The largest application for waterproof adhesives and sealants
The building & construction industry is the largest end user of waterproof adhesives and sealants that accounted for the major share of the market, in terms of value, in 2014. Waterproof adhesives and sealants are widely used for construction of curtain wall, glazing, marine, control joints, pre-cast concrete panel joints, tiling, and roofing applications globally due to its low cost, strong adhesion, and better performance. The market for waterproof adhesives and sealants in the building & construction application is driven by high government investment in infrastructural development activities, that is, residential and non-residential construction.
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