Transparency Market Research in its new report titled, “Caulk Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” provides key insights on the caulk market. The new report anticipates that the rise in the demand for durable adhesives and sealants typically in the building & construction industry and industrial applications will drive the caulk market during the forecast period i.e, 2017-2025. Additionally, increase in repair activities in fenestration and roofing, transportation, and DIY applications is one of the factors anticipated to propel the caulk market during the forecast period, the report says.
The report has segregated the global caulk market categorized based on form and product type. In terms of form, the global caulk market is classified into latex caulk and silicone caulk. Demand for latex caulk is expected to rise remarkably during the forecast period mainly due to its properties ease of application and ease of replacement than silicone caulk. Latex caulk can be applied on porous and nonporous surfaces. It can be easily cleaned with soap and water. Latex caulk is ideally suited to fill hard gaps. Demand for latex caulk is anticipated to decline in extreme temperature applications during the forecast period. Silicone caulk is ideally suited for non-porous surfaces and lasts longer in extreme temperature applications.
In terms of product type, the global caulk market is bifurcated into siliconized acrylic, polymer, silicone polymer, paintable silicone, butyl rubber, caulking chord, elastomeric sealant, adhesive caulk, and polyurethane. Siliconized acrylic and polymer caulk are used in filling gaps in kitchen and bath or tub applications, while polyurethane and silicone caulk are employed in concrete slab applications. Silicone and siliconized acrylic are used in glass surfaces, while butyl rubber is used in outdoor and gutter applications. Polymer caulk is employed in metal, masonry, and asphalt roofing applications.
On the basis of region, the market is split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The caulk market in North America is fragmented, as the top three manufacturers operate in varied product segments. In terms of consumption, Asia Pacific is the leading region of the caulk market due to the significant expansion of end-use industries such as building & construction and automotive in the region. Emerging economies in Asia Pacific are anticipated to provide lucrative opportunities to caulk manufacturers in the near future, led by the boom in real estate construction and rapid industrialization. Latin America and Middle East & Africa are growing economies. The caulk market in these regions is anticipated to expand at a moderate pace during the forecast period, due to the rise in repair and renovation activities in construction.
Prominent players operating in the caulk market are E. I. du Pont de Nemours and Company, HENKEL CORPORATION, Industrial Caulk & Seal Inc., and Wacker Chemie AG.
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