DUBAI, UAE. 3th September 2019: Caulk Market is
expected to display higher growth rate over the upcoming years. Rapid surge in
the market is credited to the rising demand from building & construction
industry and several industrial applications. Additionally, soaring demand for
durable adhesive & sealants is expected to drive the growth of the market
over the forecast period. Globally, market is predicted to generate massive
revenue over the forecast period, providing numerous opportunities for industry
participants to invest in research and development of caulk market.
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Yet, development of eco-friendly
products coupled with increasing approval rate is estimated to amplify market
demand for caulk product in the upcoming years. Several manufactures are
developing water-based caulk products to pursue certification under the U.S.
Green Building Council’s LEED program. These factors are expected to expand
market reach for caulk industry in the near future. Growing demand for latex
caulk is attributed to its unique properties and ease of use. Latex caulk is
used on porous as well as nonporous exteriors. Removal of latex caulk require
only soap and water.
The caulk market is broadly categorized into seven major segments based on the
product type such as siliconized acrylic, silicone polymer, butyl rubber,
caulking chord, elastomeric sealant, adhesive caulk, and polyurethane.
Siliconized acrylic segment is growing rapidly in the market with substantial
revenue generation in the last few years. Growing popularity of siliconized
acrylic segment is attributed to the increasing product penetration and
cost-effectiveness.
Asia-Pacific region is estimated
to hold a major share in the caulk market with massive growth in forecast
period. Countries such as India, China and Singapore are leading the
Asia-Pacific market with strong economic growth, rising construction
activities, boom in housing sector, and significant investment by leading
industry players considering potential growth opportunities in the region.
The key players in the caulk
market are The 3M Company, Bostik, Inc., E. I. du Pont de Nemours and Company,
Franklin International, Inc., H.B. Fuller Company, Sherwin-Williams Company,
Henkel AG & Company, KGaA, Dap Co., Red Devil, Inc., Sashco, Inc., General
Electric Co., White Lightning Co., Gardner Coating, Inc., Liquidnails, Inc.
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