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The Business Research Company's Waterproof Adhesives And Sealants Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LANDON, GREATER LANDON, UNITED KINGDOM, October 2, 2024 /EINPresswire / -- The waterproof adhesives and sealants market has experienced robust growth in recent years, expanding from $24.96 billion in 2023 to $27 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to impact of weather conditions, healthcare sector utilization, sustainability trends, electronics and electrical applications, automotive industry adoption.
What Is The Estimated Market Size Of The Global Waterproof Adhesives And Sealants Market And Its Annual Growth Rate?
The waterproof adhesives and sealants market is projected to continue its strong growth, reaching $36.7 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to customization and versatility demand, climate change impact, advancements in nanotechnology, preference for high-performance materials, consumer goods applications.
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Growth Driver Of The Waterproof Adhesives And Sealants Market
The expanding building and construction industry is expected to propel the growth of the waterproof adhesives and sealants market going forward. Building and construction industry involves manufacturing and trading buildings, maintaining infrastructures, repairing and renovating buildings and infrastructure, and others. Waterproof adhesives and sealants provide several applications in the building and construction industry, such as preventing fluids and other liquid substances from passing through surfaces and mechanical joints, waterproofing building and construction materials, and other applications.
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Which Market Players Are Steering The Waterproof Adhesives And Sealants Market Growth?
Key players in the market include 3M Company, Henkel AG & Co. KGaA, Avery Dennison Corporation, H.B. Fuller Company, Dow Corning Corporation, Huntsman Corporation, Bostik Inc., Sika AG, Mapei SpA, ExxonMobil Corporation, Eastman Chemical Company, Baxter International Inc., Arkema SA, RPM International Inc., Pidilite Industries Limited, Franklin International In., ITW Performance Polymers, Permabond LLC, Dymax Corporation, Master Bond Inc., LORD Corporation, Hexion Inc., Ashland Global Holdings Inc., Royal Adhesives & Sealants LLC, Chemence Inc., Hernon Manufacturing Inc., Parson Adhesives Inc., DAP Products Inc., Red Devil Inc., Gorilla Glue Inc.
What Are The Key Trends That Influence Waterproof Adhesives And Sealants Market Size ?
Major companies operating in the waterproof adhesives and sealants market are innovating advanced products, such as acrylic sealer, to provide an effective and economical solution for waterproofing exterior surfaces. Acrylic sealer is designed to seal and bridge cracks, preventing leaks on roofs, cement plaster, concrete bagged walls, and other masonry surface.
How Is The Global Waterproof Adhesives And Sealants Market Segmented?
1) By Type: Adhesives, Sealants
2) By Chemistry: Silicones, Polyurethanes, Acrylics, Epoxy, Polysulfide, Other Chemistries
3) By End-Use Industry: Building and Construction, Transportation, Electrical and Electronics, Other End-Use Industries
Geographical Insights: Asia-Pacific Leading The Waterproof Adhesives And Sealants Market
Asia-Pacific was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Waterproof Adhesives And Sealants Market Definition
The waterproof adhesives and sealants are strong chemicals that can withstand inclement weather, dampness, or sunlight. The waterproof adhesives and sealants are used to avoid water leaks and associated damage and are also extensively utilized in interiors at floor joints, bathtubs, sinks, and showers. Waterproof adhesives and sealants help construction materials function better and last longer.
Waterproof Adhesives And Sealants Global Market Report 2024 from TBRC covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global waterproof adhesives and sealants market report covering trends, opportunities, strategies, and more
The Waterproof Adhesives And Sealants Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on waterproof adhesives and sealants market size, waterproof adhesives and sealants market drivers and trends and waterproof adhesives and sealants market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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The Business Research Company
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