LATEX SEALANT MARKET ANALYSIS

Latex sealant is used for connecting various materials and parts. It is synthetic semi-solid material which offers prevention from liquid leakage. The sealants are used for different purposes such as automobile sealers, insulated glass sealers, construction sealers, and airport runway sealers, among others. Latex sealant is referred as an adhesive in the liquid form. It is easy to apply in joining the different surfaces. In addition, there is no need of any production equipment or machineries for the installation of latex sealant. Furthermore, it has a wide range of applications in the construction sector. 

Market Dynamics 

Rising use of latex sealant across the construction industry

Latex sealant is water-based sealant, thus used for residential construction and buildings. It is easy to apply and has the capability to join different surfaces. Moreover, it offers some beneficial functions such as resistance from UV rays and humidity. Latex sealants are easy to clean up, cost-effective, and paintable construction sealants. In addition, it is used for interior application, owing to their short-service life. These are the major factors to accelerate the global latex sealant market growth.

Technological advancements and architectural innovation

Airports and mining facilities, residential areas, and transportation routes are coming across the advance technological transformation to enhance the standards. Latex sealants helps to improve the standards of residential and commercial buildings as it is used for blocking dust, heat, and sound transmission. In addition, latex sealant helps to maintain the sealing properties during their lifespan. Thus, booming demand for latex sealant is expected to witness lucrative opportunities across the latex sealant market players.

Availability of alternative for latex sealants

The substitute available for latex sealants are listed such as polyurethane polyisobutylenes, silicone, polysulfide, acrylic, and butyl sealants. Silicone sealants are more flexible and it has longer lifecycle. Furthermore, increasing demand for silicone sealants, owing to their properties such as good adhesion, thermal resistance, and dynamic movement capability is hampering the global latex sealant market growth. On the other hand, polyisobutylenes sealant is used as primary sealers in insulating glazing units. Thus, easy availability of substitutes for latex sealant is hindering the global latex sealants market growth.

Key features of the study:

• This report provides an in-depth analysis of the global latex sealant market, market size (US$ Million & KT), and  Compound Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global latex sealant market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include 3M, Henkel AG & Co. KGaA, ITW Polymers Sealants, H.B. Fuller Company, PPG Industries, Inc., RPM International Inc., Sika, Bostik, Premier Building Solutions, and Dow
• Insights from this report would allow marketers and management authorities of the companies to make informed decisions regarding future products launches, technology up gradation, market expansion, and marketing tactics
• The global latex sealant market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global latex sealant market

Detailed Segmentation:

• Global Latex sealant Market, By Type:
  • EVA Latex Sealant
  • Acrylic Latex Sealant
  • Others
• Global Latex sealant Market, By Application:
  • Residential Building
  • Commercial Building
  • Others
• Global Latex sealant Market, By Region:
  • North America
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Country:
      • Brazil
      • Argentina
      • Mexico
      • Rest of Latin America
  • Europe
    • By Country:
      • U.K.
      • Italy
      • France
      • Germany
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Country:
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • Rest of Asia Pacific
  • Middle East & Africa
    • By Sub-region:
      • Middle East
      • Africa
• Company Profiles
  • 3M*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Strategies
    • Recent Developments
    • Future Plans
  • Henkel AG & Co. KGaA
  • ITW Polymers Sealants
  • H.B. Fuller Company
  • PPG Industries, Inc.
  • RPM International Inc.
  • Sika
  • Bostik
  • Premier Building Solutions
  • Dow

*” marked represents similar segmentation in other categories in the respective section.