Global Silyl Modified Polymer Market 2019-2023

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Global Silyl Modified Polymer Industry Overview

A key factor driving the growth of the market is the benefits of the silyl modified polymers in making high-performance sealants and adhesives. Adhesives are used to bind two different items together. They have replaced rivets, welded parts, and other mechanical parts in various equipment. Sealants are pliable, soft materials that change their state as soon as they are applied. These compounds are employed in places wherein noise, air, liquid, and dust need to be eliminated. Sealants have lower strength than adhesives but are stronger than putties and caulks.

The rising popularity of lightweight materials is identified as one of the key emerging trends in the global silyl modified polymer market. Silyl modified polymer-based adhesives and sealants prove to be an essential part in the automotive and transportation industries. This is because they help in reducing the weight of the vehicles. Silyl modified polymers-based adhesives are primarily used to manufacture different exterior and interior parts of automobiles due to their lightweight, excellent durability, and high efficiency. In the transportation industries, Silyl modified polymers are extensively used as a lightweight and sturdy binder and sealing materials. The mass of the vehicle is directly proportional to the amount of energy required to move it. The efficiency and performance of the vehicle depending on its weight. The use of lightweight materials instead of heavy materials reduces the weight of the vehicle, thereby improving its fuel efficiency. Thus, over the forecast period, the rise in popularity of lightweight vehicles is expected to influence the growth of the global silyl modified polymer market. Owing to such factors the market is expected to grow at a CAGR of over 6% during the forecast period.

Top silyl modified polymer companies covered in this market research report

The silyl modified polymer market is fairly concentrated. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this silyl modified polymer industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• 3M
• Arkema
• DowDuPont
• Evonik Industries
• Wacker Chemie

Silyl modified polymer market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of this market throughout the forecast period. APAC led the market in 2018 with a market share of nearly 42%. This region is expected to dominate the market through 2023.

Silyl modified polymer market segmentation based on end users

• Building and construction
• Automotive
• General industries
• Others

The building and construction segment will account for the highest growth in the market. The building and construction segment held for the largest market share in 2018, accounting for nearly 39% of the market. Additionally, the report also provides an accurate prediction of the contribution of the various end users segments to the growth of the silyl modified polymer market size.

Key highlights of the global silyl modified polymer market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the silyl modified polymer market during the next five years
• Precise estimation of the global silyl modified polymer market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the silyl modified polymer industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of silyl modified polymer companies

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