CHINA SEALANTS MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 The market for sealants in China is anticipated to grow at a CAGR of 7.04%. Due to the numerous ways sealants are used in building and construction projects, including waterproofing, crack sealing, and joint sealing, the construction sector dominates the China sealants market, followed by other end-user industries. Construction sealants are also made to be long-lasting and simple to apply on many substrates. Despite supply chain disruption and production halts brought on by COVID-19's effects, the construction industry nonetheless managed to attain a GDP of 6.9% in 2020.

When making electrical equipment, a variety of sealants are applied for potting and protective purposes. They are applied to cables, sensors, and other things. Due to the extensive presence of the manufacturing ecosystem and the large labour pool, the Chinese electronics market, which had a 41% worldwide market share in 2020, is expected to continue growing. In turn, this will increase demand for sealants among the other end-user group. Additionally, China is the world's largest producer of locomotives and marine equipment, which increases demand for necessary sealants.

Mjaor Players: 3M, Chengdu Guibao Science and Technology Co., Ltd., Guangzhou Baiyun Chemical Industry Co.,ltd., Guangzhou Jointas Chemical Co.,Ltd. and Sika AG


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