Fuel Resistant Sealant Market - Global Industry Analysis

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Sealants are the chemical substance used to block the passage of fluids in the joints or surface or openings in materials. Fuel resistant sealants show excellent sealing properties with resistant to fuel exposure. These fuel resistant sealants can be used at a wide range of temperatures of about -40°C to 260°C, moreover, it can also offer great resistance to fluids such as water, oil, lubes, gasoline, and ethanol. When fuel resistant sealant is applied on the substrate it transforms into rubber-like elastic substance. However, it can be used in a wide range of applications such as automotive, aerospace, and others.   
 
Fuel resistant sealant market is projected to develop at the fastest growth rate with increased usage in the number of applications across the globe. Rising industrialization in emerging countries like Mexico, Brazil, Indonesia, China, and India is propelling the automotive and construction industry. Therefore, this, in turn, is expected to drive the demand for fuel resistant sealant market. The light-weight property of fuel resistant sealant makes it the most suitable product in the aerospace sector. Moreover, the growing aerospace industry is estimated to propel the demand for fuel resistant sealant market growth. However, fluctuating prices of resins may hamper the market growth of fuel resistant sealant. 

Fuel resistant sealant market is segmented on the basis of resin type and application. The resin type segmentation of fuel resistant sealant market includes silicone, plastisol, polysulfide, polyurethane, and other synthetic & semi-synthetic resins. The polysulfide is the major segment of the global fuel resistant sealant market. Polysulfide sealants are widely used in fuel tanks, petrochemical plants, chemical storage tanks, and others. This is likely to spur the demand for global fuel resistant sealant market in the forecast. Based on the application, the global fuel resistant sealant market is categorized into automotive, aerospace, and other applications. Increasing automotive industry across the globe is expected to increase the usage of fuel resistant sealant for several purposes. 
  
The geographic analysis of fuel resistant sealant market includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific and Latin America were the highest contributors to the fuel resistant sealant market in 2016 and is anticipated to continue its dominance in the forecast period. Rising industrialization in the regions has witnessed a high demand for fuel resistant sealant for automotive and construction applications mainly in China, India, and Japan, which is expected to drive the market growth in the region. The technological advancements in fuel resistant sealant are projected to boost their acceptance globally over the forecast period. Moreover, the rising construction activities in emerging countries are projected to spur the fuel resistant sealant market in upcoming years.   

The global fuel resistant sealant market consists of a large number of players and is highly fragmented. These players are primarily focusing on novel products and material offerings. Companies involved are The Dow Chemical Company, Bostik, Inc., Permatex, PPG Industries, Inc., Dow Corning Corporation, Royal Adhesive & Sealants, BASF, 3M, Lord Corporation, Sika AG, MECS, Inc., Hodgson Sealants, and Tremco Sealants, among others.