Five Trends Driving the High Temperature Sealants Economy in 2024
The high temperature sealants market is projected to grow from US$ 5.2 billion in 2024 to US$ 7.4 billion by 2031, driven by a 5.2% CAGR. Key sectors such as automotive, aerospace, and construction are fueling demand, particularly in Asia Pacific, which is expected to hold a 36.8% market share in 2024. Silicone-based sealants dominate, comprising 62.7% of the market, due to their superior elasticity and thermal resistance. The growing need for durable, heat-resistant materials in industries like automotive and construction, alongside technological advancements and sustainability efforts, is set to drive innovation and expansion in the market.