Global Latex Sealant Market Growth 2019-2024

Sealant is a substance used to block the passage of fluids through the surface or joints or openings in materials, a type of mechanical seal. In building construction sealant is sometimes synonymous with caulking and also serve the purposes of blocking dust, sound and heat transmission. Sealants may be weak or strong, flexible or rigid, permanent or temporary. Sealants are not adhesives but some have adhesive qualities and are called adhesive-sealants or structural sealants.

The main difference between adhesives and sealants is that sealants typically have lower strength and higher elongation than adhesives do. When sealants are used between substrates having different thermal coefficients of expansion or differing elongation under stress, they need to have adequate flexibility and elongation. Sealants generally contain inert filler material and are usually formulated with an elastomer to give the required flexibility and elongation. They usually have a paste consistency to allow filling of gaps between substrates. Low shrinkage after application is often required. Many adhesives can be formulated into sealants.

There are mainly two kind of Latex Sealant, including including EVA Sealant and Acrylic Sealant.

Acrylic Latex Sealant emerged as the leading product segment in the overall market for Latex Sealants and accounted for 44.48% of total market volume in 2016. EVA Latex Sealant followed epoxy adhesives which accounted for 38.06% of total market volume in 2016.
Nowadays, North America and Europe account for nearly half of the global Latex Sealant production and consumption. Asia Pacific is the most active region in the nearly future because of the drive of downstreams
Growth of the Latex Sealant market is largely associated with the growth in the construction industry. The construction industry is expected to push the adhesive industry to new heights, which in turn will help the construction market achieve greater volumes and revenues in the near future; hence this drives the demand for adhesive at a significant pace.

According to this study, over the next five years the Latex Sealant market will register a 4.5% CAGR in terms of revenue, the global market size will reach US$ 640 million by 2024, from US$ 490 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Latex Sealant business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Latex Sealant market by product type, application, key manufacturers and key regions and countries.

This study considers the Latex Sealant value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Acrylic Latex Sealant
EVA Latex Sealant
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Commercial Building
Family House
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Henkel
3M
ITW
PPG
H.B. Fuller
DOW CORNING
Bostik
Sika
RPM INTERNATIONAL INC.
Premier Building Solutions

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Latex Sealant consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Latex Sealant market by identifying its various subsegments.
Focuses on the key global Latex Sealant manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Latex Sealant with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Latex Sealant submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.