CHICAGO, August 3, 2022 /PRNewswire/ — Waterproof Adhesives and Sealants Market Size is forecast to grow from $23.4 billion 2022 to $31.3 billion to 2027, at a CAGR of 6.0% between 2022 and 2027, according to a new report by MarketsandMarkets™. Waterproof adhesives and sealants are primarily used to prevent moisture and water from penetrating and damaging products. They are ideal for demanding outdoor industrial and transportation applications where humidity and weather can be extreme. They are used in boat building, fleet maintenance and ship repair in marine applications to create watertight seals. They also resist weathering, impact, swelling and shrinkage over time. The increasing use of waterproof adhesives and sealants due to strong growth in the building and construction industry, especially in emerging markets, is driving the waterproof adhesives and sealants market.
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49 – Numbers
The silicone chemistry segment is estimated to lead the waterproof adhesives and sealants market during the forecast period.
Based on chemistry, the silicone-based waterproof adhesives and sealants accounted for the largest market share in 2021 and is set to grow in value at a CAGR of 6.4% over the forecast period. Silicone adhesives and sealants are flexible and last longer than other materials. The use of these adhesives and sealants in high-growth applications, including expansion joints between dissimilar materials, and for weather sealing in high-rise buildings, airport runways and highways, has also increased their demand.
The transportation end-use industry is expected to witness the fastest growth in the waterproof adhesives and sealants market during the forecast period.
Based on end-use industry, the transportation segment in the waterproof adhesives and sealants market witnessed the fastest growth in 2021 at a CAGR of 6.2% in value terms during the forecast period. Waterproof adhesives and sealants are widely used in the transportation end-use industry for vehicle assembly, vehicle exterior trim, vehicle interior trim, direct window glazing, panel bonding, automotive module sealing, and electrical circuit board preparation. It also finds a number of uses in shipbuilding and maritime shipping for protection from water, chemicals, weather and environmental degradation.
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Asia Pacific is expected to be the largest waterproof adhesives and sealants market during the forecast period.
Asia Pacific Leads the overall waterproofing adhesives and sealants market by value and volume, followed by Europe and North America. The growing population, urbanization, industrialization and growing concerns related to infrastructure development in China and India are some of the factors expected to drive the waterproof adhesives and sealants market in this region.
Important market participants
Major players operating in the global waterproof adhesives and sealants market include: 3M (US), Henkel AG (Germany), Avery Dennison Corporation (USA), HB Fuller (USA), Dow (USA), Huntsman Corporation (USA), Sika AG (Switzerland), MAPEI Spa (Italy), RPM International (USA) and Bostik S.A. (France).
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