27 December 2019 - The Global 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.
In
addition, rising number of repair activities involving fenestration and
roofing, transportation, and DIY applications is anticipated to foster the
growth of caulk market over the coming years. However, rising environmental
concerns such as regarding excessive emission of volatile organic compounds
(VOCs) is expected to restrain market development to a certain extent.
Moreover, rise in number of stringent laws and regulations associated with the
use of caulk products is limiting market growth, particularly among developed
economies across the globe.
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 manufacturers 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.
The
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. North America has shown major growth in recent years owing
to the rise in implementation of latest technologies in manufacturing sector,
surge in number of research & development activities and existence of
well-established industrial infrastructure in the region. In European region,
Germany, France, and United Kingdom are projected to witness steady growth.
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.
Market Segment:
Report contents include
•
Analysis of the caulk market including revenues, future growth, market outlook
•
Historical data and forecast
•
Regional analysis including growth estimates
•
Analyzes the end user markets including growth estimates.
•
Profiles on caulk including products, sales/revenues, and market position
•
Market structure, market drivers and restraints.
Key regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Key vendors
•
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