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One of the prominent market factors and trends identified in the Global Structural Sealant Market include, rising demand for light weight parts in marine & aerospace sector
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Structural Sealants Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Structural Sealants Market Research Report- Forecast to 2023 Structural Sealants Market -Overview Global players are holding largest market share and rest is covered by regional market players. As per our analysis, major players are holding considerable market share through generating reasonable revenue each year in the particular market segment. The prominent manufactures operating into the market are BASF SE, Asian Paints Limited, Pidilite Industries, Ltd, Roberlo, AKEMI, Chemence Ltd., H.B Fuller, Dow Corning Corporation, Henkel AG & Co. KGaA and 3M among others. The Global Structural Sealants Market consists of established Tier-1 enterprise and is highly fragmented in nature. The industry witnessed relatively high cost in terms of 2K component structural sealants compared to 1K component sealants. This is attributed towards easy mass production of 1K owing to Low VOC content and less product wastage. Thus, mass production will relatively provide high cross margin across the value chain. In addition to this, the market entry barriers observed in this market are also low in terms of mid-size companies owing to relatively high initial investment. This could promote existing key players to invest in innovative and advanced technology to extend the market share. Due to aforementioned market scenario, it can be concluded that greener or bio based structural Sealants products across end use industries would retain market dominance over the years and consequently pave way for a greener tomorrow. www.marketresearchfuture.com
Structural Sealants Market Research Report- Forecast to 2023 Segmental Analysis The Global Structural Sealants Market is segmented on the Application and Region. On the Basis of End-use, the market is segmented into building & construction, automotive, marine & aerospace, and others. Growing trend of lightweighting, owing to stringent regulations on fuel efficiency standards across the globe coupled with increasing automotive production is anticipated to drive the overall market growth over the forecast period. Having ease of handling, ability to seal dissimilar substrates and low cost compared to conventional welding and fasteners, structural sealants are gaining prominence in automotive applications to achieve lightweighting. More specifically, demand for structural sealants is growing in ‘the body in white’ and assembly stages. Automotive segment is estimated to account for around 21% in 2017 and estimated to be valued at USD 158.7 million in 2017 end. Moreover, increasing spending on commercial and residential construction will traction overall demand for structural sealants. Building & construction segment is projected to expand at the highest CAGR of 5.20% over the forecast period. Get Complete Report @ https://www.marketresearchfuture.com/reports/structural-sealant-market-4260 www.marketresearchfuture.com
Structural Sealants Market Research Report- Forecast to 2023 Regional Outlook Geographically, Asia-Pacific Structural Sealants Market is dominating the global market, estimated to account for the highest market share of 42.11% in 2017. The high market value share is attributed to the presence of a large number of construction and automotive manufacturers in the region. China and India are the most prominent markets in Asia-Pacific. Cumulatively, the markets accounted for around 60% value market share in overall Asia-Pacific Structural Sealants Market in 2016. In the region, automotive and construction industries are set to drive the demand for Structural Sealants, owing to increasing passenger vehicles production and growing construction activities in the region. www.marketresearchfuture.com
Structural Sealants Market Research Report- Forecast to 2023 Major Players in this Research Structural Sealants Market Prominent Players: • BASF SE (Germany) • Asian Paints Limited (India) • PidiliteIndustries, Ltd (U.S.) • Roberlo(Spain) • AKEMI (Germany) • ChemenceLtd. (UK) • H.B Fuller (U.S) • Dow Corning Corporation (U.S.) • Henkel AG & Co. KGaA (Germany) • 3M (U.S.) Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/4260 www.marketresearchfuture.com
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