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According to this report, the global market for sealants is likely to display a CAGR of 5.45% (by revenue) and 4.27% (by volume), through the years 2021-2028.
Factors such as applications in the construction industry, paired with the automotive industry s demand, are majorly driving the sealants market s growth worldwide. Additionally, the widening application of sealants in the medical industry and the rise in usage from the aircraft & aerospace industry, are opening several opportunities for the market to leverage to reach its anticipated growth.
However, the fluctuating prices of raw materials are among the restraining factors significantly weighing down the sealants market s progress on a global scale.