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The high-temperature sealant is a substance that is adopted to block the passage of fluids through joints or surface in materials. It is adopted on-the-spot repairs, for emergency and variety of metal surfaces including iron, steel, aluminum, and tin. Furthermore, the product offers solvent resistance, flexibility, toughness, modulus formulations, and tear resistance properties. These benefits make its preferred substitute over adhesives in several manufacturing industries. The products are also employed for various applications such as the installation of ceramic flue liners, high-temperature plasterboards, fire protection equipment, construction, and joint vermiculite.
The increasing product demand from various industries such as electronics, automotive & transportation, and construction industries will contribute to fuel the market growth. The properties such as excellent bond strength, high durability, and temperature resistance make high-temperature sealants a preferred choice in these industries. The rising demand for electronic products coupled with rapid growth in the automotive industry will aid to boost the consumption of high-temperature sealants. Hence, these factors will fuel market growth during the forecast timeline.
However, fluctuation in the prices of high-temperature sealants impacts the overall demand and restricts its adoption in various applications. Hence, this is anticipated to hamper the market growth.
Key Market Driver -
The rising demand for high temperature sealants from various industries to drive the market growth.
Key Market Restraint -
Fluctuations in the prices to hamper the market growth
Based on chemistry, the high temperature sealants market is segmented into silicone, epoxy, and others. Based on application, the market is segmented into electrical & electronics, transportation, industrial, construction, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the high temperature sealants market include Dow Corning Corporation, Wacker Chemie AG, Henkel AG & Co. KGaA, Sika AG, 3M Company, Bostik SA, H.B. Fuller, PPG Industries, Inc., CSW Industrials, Inc., Illinois Tool Works Company, and Soudal N.V.
Asia Pacific is anticipated to witness the highest growth in the high-temperature sealant market. The growth is attributed to the rising product demand from the construction industry. The increasing adoption of silicone-based high-temperature sealants in the electrical & electronics industry will fuel the market growth in North America, in which the US and Canada are the leading countries. In Europe, the growth is due to, increasing use of the product in the automotive industry. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the epoxy-based high-temperature sealants in the industrial application.
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