Market Challenges And Opportunities

However, demand for acrylic sealants may be overshadowed by other rapidly growing segments such as silicone sealants which have a longer lifespan and are more flexible than acrylic sealants. Furthermore, a silicone sealants weatherproofing and water-resistant properties are comparatively more effective than acrylic sealants. Moreover, acrylic sealants may not be ideal for applications where high movement accommodation is required. Also, application on bituminous or oily substrates is not advisable, in addition to any material that can leak solvents, plasticisers, or oils. These factors are expected to restrain growth of the global acrylic sealants market.

Market Dynamics

Acrylic sealants are in high demand in the construction sector owing to their versatility and ability to protect various substrates from dust, dirt, or insects from getting through gaps. Its most advantageous quality is that it is quick to dry and can be painted over within an hour of its application, which makes it ideal for internal as well as external use. Acrylic sealants are expected to witness an increasing demand in the global market owing to increasing number of players and technological advancements in end use industries such as construction, automotive, and packaging. Moreover, key players in some of the regions are investing in product innovations and research and development activities to strengthen their position in the market. Favourable physical properties such as tensile lap shear strength, and good peel are major factors driving demand for acrylic sealants across the globe. Furthermore, application in end use industries such as consumer goods, automotive, and construction due to adhesion on a variety of layers such as aluminum and steel are expected to propel growth of the global acrylic sealants market over the forecast period.

Market Overview

Acrylic sealant is a water-based, synthetic ingredient made from acrylic resins for general purposes such as filling cracks, jointing, caulking, and other applications in building construction. Easy applicability, and compatibility with most building raw materials such as brick, concrete, stone (natural or artificial), wood, granite, metal, glass, and tiles or sanitary ware. Acrylic sealants are highly flexible, crack resistant, provide a smooth finish, have low odour, non-toxic, good adhesives for all kinds of substrates, and are resistant to moisture, UV rays, and extreme weather.