According to the research report titled ‘GLOBAL Sealants Market 2021-2028’, available with Market Study Report, global sealants market is expected to record a compound annual growth rate of 5.45% and 4.27% in terms of revenue and volume respectively during 2021-2028.
 

Widespread product adoption in construction applications and growing demand from automotive sector are some of the major factors adding traction to global sealants market size.
 

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Sealants have also been getting significant recognition in the aerospace as well as medical sectors, which in turn is paving the way towards the market growth. However, volatile prices of raw materials could potentially act as a restraining factor to the expansion of the market.
 

As per sealant type, the market is segmented into polyvinyl acetate, acrylic, polyurethane, and silicone.
 

The end-user scope of global sealants market comprises of consumer electronics, pressure sensitive tapes, assembly, packaging, automotive, construction and others.
 

From the regional point of view, the market is split into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America. Among these, the report states that Asia-Pacific is likely to emerge as a major revenue generator for the industry participants in the ensuing years, especially countries such as India, China, and Japan.
 

Proliferating automotive sector and growing chemical industry have augmented the demand for sealants in Asia-Pacific. Apart from this, improving economic conditions, rapid urbanization, and increasing infrastructural development are fueling Asia-Pacific sealants market size.
 

The competitive landscape of global sealants market is defined by companies such as Uniseal Inc., Sika AG, RPM International Inc., Pidilite Industries Limited, Momentive Inc., ITW Performance Polymers, Huntsman Corp., Henkel AG & Co. KGaA, H.B. Fuller Company, General Sealants Inc., The Dow Chemical Company, BASF SE, Avery Dennison Corporation, Arkema S.A., and 3M Co. among others.