The global elastomeric sealants market is projected to grow from USD 3.77 Billion in 2017 to USD 5.19 Billion by 2022, at a CAGR of 6.6% during the forecast period. Elastomeric sealants are primarily flexible materials that have a rubbery liquid texture, which dries upon their application. These sealants are used to seal or fill gaps. Elastomeric sealants are used in various industries such as automotive & transportation, construction, electronics, furniture & woodworks, aerospace & defense, and marine, among others.
Increasing use of elastomeric sealants in the construction industry and automobiles is fueling the growth of the elastomeric sealants market across the globe. The key companies operating in the elastomeric sealants market have adopted various growth strategies such as acquisitions, new product launches, mergers, expansions, agreements & contracts, partnerships, and joint ventures to strengthen their foothold in the market. The Dow Chemical Company (US), Henkel AG (Germany), 3M Company (US), Arkema (France), and Sika AG (Switzerland) are the leading players operating in the elastomeric sealants market.
