Report Code: A11945 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Elastomeric sealants are the most common bonding materials used to seal and protect exteriors and interiors of buildings. It has recently expanded its applications to automotive, green energy, aerospace, and defense industries as well. When applied to a crack or space, the bonding material expands and forms a waterborne coating. Elastomeric sealants are semi-liquid, hence can be used in a variety of applications. Squeezing elastomeric sealants into a space until it fills to the top or out the edges is a common method of application. It fills in small gaps and spaces within cracks or bigger opening itself after being pressed in or let to settle.
COVID-19 Impact Analysis
Top Impacting Factors
Rise in demand for elastomeric sealants in the building & construction industry for applications such as glass windows, cladding, bridges, roads, and highways is a prominent factor that drives the global elastomeric sealants market. Elastomeric sealants are gaining popularity in the automobile industry due to their versatility in applications such as windshield frame installation, water shield sealing to protect interiors from moisture, shock vibration, corrosion, and thermal stress. The market share size is increasing due to rise in demand for elastomeric sealants in marine defense and aerospace applications for fuel tank sealing, life rafts, escape slides, and to avoid fractures in aircraft. Furthermore, the market is expected to develop capital investments in this industry. The market also propelled by increasing sophistication in the electronics sector to encapsulate capacitors and other power electronics equipment.
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