A high temperature sealant is a substance which is used to block the passage of fluids through a surface or joints in materials. High temperature sealants are emerging as a substitute to adhesives in several manufacturing industries, as they typically have lower strength and higher elongation as compared to adhesives. High temperature sealants are majorly utilized for a variety of metal surfaces such as aluminum, tin, steel, and iron. They are also employed for various applications such as fire protection equipment, installation of ceramic flue liners, jointing vermiculite, construction and high temperature plasterboards.
Factors such as increase in demand for electrical components in industrial applications is a major driver of the market. Properties such as extreme temperature resistance, high durability, and excellent bond strength makes high temperature sealants suitable to be utilized in automotive and construction industries. This, in turn, is likely to boost the demand in these industries during the forecast period.
Additionally, increasing automobile production in countries such as China, India, and Japan is also attributed to drive the market. Rapid expansion of electrical and electronics and construction industries is also fueling the demand for high-temperature sealants across the globe. The global high temperature sealants market has witnessed numerous growth opportunities over the last few years and is estimated to expand at a significant pace during the forecast period.
Volatile raw material prices and availability of substitutes are major factors restraining the market. Furthermore, the need to paint twice after application of silicone is a major hindrance in the expansion of the high temperature sealants market.
Based on chemistry, the global high sealants market is segregated into silicone, epoxy, and others. It is widely employed in industrial construction, as it blocks dust, sound, and heat transmission.
In terms of application, the high temperature sealants market can be segmented into electrical and electronics products, industrial uses, automotive, transportation, construction, and others. High temperature sealants are largely utilized for dressing or manufacturing materials in electronics and electrical assemblies. They also help in easy maintenance of clamping loads and lends a leak-proof characteristics in electronics, automotive, and transportation industries.
In terms of geography, the global high temperature sealants market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Among these, The countries in Asia Pacific such as China, Japan, and India are witnessing a significant demand for high temperature sealants due to the rise in electronics and automotive industries base. These nations are focusing on market strategies such as mergers, acquisitions, and increasing partnerships. A major emphasis has been on technological advancements, innovations, and R&D activities to grab considerable market opportunities. They are also focusing on strengthening their market capabilities in terms of their manufacturing and industrial base.
Key players operating in the high temperature sealants market are Dow Corning Corporation, HB Fuller, Bostik SA, CSW industries Inc., 3M Company, Henkel AG & Co., Wacker Chemie AG, Sika AG, and PPG Industries Inc.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.