Fuel Resistant Sealant Market Size, Share, Growth Report 2030

Fuel Resistant Sealant Market

Fuel Resistant Sealant Market By Resin Type (Polyurethane, Plastisol, Silicone, Polysulfide, and Semi-synthetic & Synthetic Resins), By Application (Aerospace, Automotive, and Others) and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 - 2028

Category: Chemical & Materials Report Format : PDF Pages: 155 Report Code: ZMR-2094 Published Date: Apr-2022 Status : Published

The global fuel resistant sealant market was worth around USD 1824.1 million in 2021 and is estimated to grow to about USD 2543.8914 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.7 percent over the forecast period.

Fuel Resistant Sealant Market Industry Prospective:

The global fuel resistant sealant market was worth around USD 1824.1 million in 2021 and is estimated to grow to about USD 2543.8914 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.7 percent over the forecast period. The report analyzes the digital remittance market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the digital remittance market.

Global Fuel Resistant Sealant Market: Overview

In Global Fuel Resistant Sealant Market Report, Fuel Tank Sealants are high-temperature fuel resistant sealants intended for use on integral fuel tanks with excellent resistance to other fluids such as water, alcohols, synthetic oils, and petroleum-based hydraulic fluids. They exhibit sealing properties with resistance against fuel exposure. Fuel-resistant sealants can function in a wide temperature range of temperatures (-40° to 260°C) and provide resistance against fluids, such as lubes, oil, gasoline, water, and ethanol, along with protection from moisture and dust particles. A fuel-resistant sealant with no hold time provides instant strength, leading to an intensification in production and cost efficiency with improved quality and reduced cost for various applications. Fuel-resistant sealants due to their advanced properties such as their operation at a varied range of temperatures and their usage in several end-use industries have increased their demand. Additionally, the fuel-resistant sealant is used for fuel storage purposes.

Due to the technological advancements in the product, it is widely adopted by several industries as a low volatile organic compound. These fuel-resistant sealants are used in storage tanks with probable exposure to chemicals, like ethanol, gasoline, and crude oil. The market is highly split among big manufacturers with a global reach, and small players actively competing within the country or region. The players with efficient sales networks offer an entire range of products, while small players generally focus on a niche segment of their own, depending upon major customer preferences.

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COVID-19 Impact:

Covid-19 has negatively impacted fuel resistant sealant market in all regions. It is hampering the supply and demand for fuel-resistant sealants in many applications. Lockdown has resulted in the closure of manufacturing units and therefore a halt is observed in production as well as there have been restrictions on supply and transport, and infrastructure slowdown. This is eventually, hampering the demand for fuel-resistant sealant. Moreover, consumer demand is also subsequently reduced due to the elimination of non-essential expenses by individuals from their respective budgets as the general economic status of most individuals has been severely affected by this outbreak. However, as respective governing authorities begin to lift these enforced lockdowns, the global Fuel Resistant Sealant market is expected to recuperate accordingly.

Fuel Resistant Sealant Market: Growth Drivers

Demand for fuel storage and requirement of fuel resistant sealants in the automotive sector

A fuel-resistant sealant with no hold time delivers instant strength, leading to an increase in production and cost efficiency with improved quality and reduced cost for various applications. It is used for the effective performance of assets in the automotive sector. The automobile sector has enumerated strong production in China and India, ultimately creating a positive impact on the demand for fuel-resistant sealants. The primary application of a fuel-resistant sealant is to assemble and repair fuel lines, tanks, and joining components exposed to fuels and oils.

Fuel Resistant Sealant Market: Restraints

Limited availability and high cost of raw materials

The raw materials for producing fuel-resistant sealant is limited and a major limitation of these sealants is the release of a small amount of acetic acid during the curing process. If the byproducts are not allowed to vanish in the open environment, they may cause corrosion on some metal substrates and ruin the sealant. Moreover, the high cost of raw materials, coupled with environmental concerns are major restraints to the growth of the fuel resistant sealing market.

Report Scope:

 

Fuel Resistant Sealant Market: Segmentation

The Global Fuel Resistant Sealant Market is segregated based on resin type and application.

By resin type, the global market is distinguished into Polyurethane, Plastisol, Silicone, Polysulfide, and Semi-synthetic & Synthetic Resins. Polyurethane is anticipated to be the fastest-growing resin type owing to its wide applications in several end-user industries. Polyurethane is a polymer composed of organic units joined by carbamate (urethane) links.

By Application, the global market is distinguished into Aerospace, Automotive, and Others. The automotive segment is the most dominating application and is expected to show significant growth in the near future. Moreover, growing automotive sectors across the globe are likely to boost the demand for fuel-resistant sealants for various purposes.

Regional Landscape

The Asia Pacific is anticipated to have the highest growth rate in the global fuel-resistant sealant market. The Asia Pacific and Latin America are rapidly developing regions of the fuel-resistant sealant market. Demand for fuel-resistant sealants is rising rapidly in the automobile industry in Latin America. This is boosting the fuel-resistant sealant market in the region. The North American and European markets are likely to expand at a slow pace soon. The growth of the aerospace sector is estimated to propel the fuel-resistant sealant market in these regions. The Middle East & Africa is anticipated to offer vast potential for the fuel-resistant sealant market, led by the developing oil & gas industry in the region.

Competitive Landscape

Some of the main competitors dominating the global fuel resistant sealant market include - The Dow Chemical Company, Bostik, Inc., PPG Industries, Inc., BASF, Royal Adhesive & Sealants, 3M, Dow Corning Corporation, Lord Corporation, Sika AG, Hodgson Sealants, Tremco Sealants MECS, Inc., and Permatex.

Global fuel resistant sealant market is segmented as follows:

Global Fuel Resistant Sealant Market By Resin Type

  • Polyurethane
  • Plastisol
  • Silicone
  • Polysulfide
  • Semi-synthetic & Synthetic

By Application

  • Aerospace
  • Automotive
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

A fuel-resistant sealant with no hold time delivers instant strength, leading to an increase in production and cost efficiency with improved quality and reduced cost for various applications. It is used for the effective performance of assets in the automotive sector. The automobile sector has enumerated strong production in China and India, ultimately creating a positive impact on the demand for fuel-resistant sealants. The primary application of a fuel-resistant sealant is to assemble and repair fuel lines, tanks, and joining components exposed to fuels and oils.

 

According to the Market Research report, the global fuel resistant sealant market was worth around USD 1824.1 million in 2021 and is estimated to grow to about USD 2543.8914 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.7 percent over the forecast period.

The Asia Pacific is anticipated to have the highest growth rate in the global fuel-resistant sealant market. The Asia Pacific and Latin America are rapidly developing regions of the fuel-resistant sealant market. Demand for fuel-resistant sealants is rising rapidly in the automobile industry in Latin America. This is boosting the fuel-resistant sealant market in the region. The North American and European markets are likely to expand at a slow pace soon.

Some of the main competitors dominating the global fuel resistant sealant market include - The Dow Chemical Company, Bostik, Inc., PPG Industries, Inc., BASF, Royal Adhesive & Sealants, 3M, Dow Corning Corporation, Lord Corporation, Sika AG, Hodgson Sealants, Tremco Sealants MECS, Inc., and Permatex.

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