Dublin, Ireland -- (SBWIRE) -- 10/11/2018 -- Market Introduction: Food grade sealants are composed of silicone that has a fast curing property. Food grade sealants do not contain any chemical fillers and by-products. The non-toxic nature of a food grade sealant has enabled its usage in food products. Food grade sealants provide good resistance to the degradation and damage caused by extreme temperatures. Food grade sealants are very efficient in providing protection from UV rays as well. They do not dry out, crack, become brittle or harden over time.
Food grade sealants can be recycled and their waste does not cause any hazard. They are available as white, black & grey colours or in transparent form depending upon the method of curing. Food grade sealants show very good adhesion to a variety of substrates, which include Formica, natural stone or metal surfaces. Food grade sealants can be used to protect food stored in places such as refrigerators, confined places or wet places where the storage of food becomes difficult.
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Market Dynamics
Food grade sealants have applications in the food & beverage industry, especially in dairy products. The growth of the food & beverage industry is expected to help boost the sales of food grade sealants. Food grade sealants are recyclable and contain no hazardous chemicals. Food grade sealants offer good resistance to microbial organisms, freeze-thaw conditions and radiations. These factors are expected to promote the usage of food grade sealants in food packaging, which is likely to boost the sales of these products. These properties of food grade sealants make them user friendly, which is expected to promote the growth of the food grade sealant market.
However, the high cost of food grade sealants is expected to hamper their sales. Moreover, the high shelf life of food grade sealants is expected to decline their sales to a certain extent.
Market Segmentation
The food grade sealants market is segmented on the given basis:
Food grade sealants by curing method:
Neutral
Neutral Oxime
Acetoxy
Food grade sealants by substrate:
Formica
Timber
Tiles
Painted Surfaces
Natural Stone
Metal
Food grade sealants by colour:
White
Black
Transparent
Grey
Food grade sealants by applications:
Animal and Dairy Products
Wet Places
Damp Places
Refrigerated Places
Confined Places
Regional Outlook
The food & beverage industry of North America has exhibited significant growth in the past few years. Thus, this region is expected to be a major contributor to the growth of the food grade sealant market. Owing to its moderately growing food & beverage industry, the demand for food grade sealants in Europe is expected to be moderate. Being highly populated countries, China and India are expected to provide a platform for growth in the sales of food grade sealants. Moreover, the food & beverage industries of these countries is growing, which is also expected to boost the food grade sealants market in these countries. The food & beverage industry in Latin America has registered satisfactory growth in the recent years,
which is expected to boost the sales of food grade sealants in the region. Japan's food & beverage industry has registered lucrative growth, which is expected to boost the food grade sealant market in the region in the near future. The large populating and moderately growing food & beverage industry of the South East Asia region is expected to boost the sales of food grade sealants in the region. The moderately growing food & beverage industry in the Middle East and Africa region is also expected to boost the sales of food grade sealants in the near future.
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List of Market Participants
The participants involved in the food grade sealant are listed below:
Bostik
CRC NZ
The Dow Chemical Company
PolySto
Alstone
McCoy Soudal
Precision Polymer Engineering Ltd.
ACC Silicones Ltd.
Elkem Silicones
Heartland Adhesives LLC
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
CIS and Russia
Asia-Pacific (China, India, ASEAN, South Korea)
Japan
Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.