Caulk is a material that is utilized to block holes and breaks in entryways, pipelines, and kitchen tiles among others. Caulking controls water seepage, brings down noise transmission and gives heat protection. Latex caulk is increasingly being adopted over silicone caulk because of its simplicity of use in non-permeable and permeable surfaces and they are generally used to seal hard holes.
Acrylic latex caulk is basically utilized for caulking and fixing entryways and window edges and frame before painting with oil based paint or latex. It fundamentally discovers application in designs where it can fill any hole between roofs, dividers and woodwork frames.
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High Demand for Adhesives to Boost Growth
Surge in demand for cement and sealants, in the building and construction industry and mechanical applications, is largely driving the latex caulk market. Moreover, increment in repair activities in fenestration and material, transportation, and DIY applications is one of the factors foreseen to push the caulk market over the coming years. Consumers these days like to manage small repairs by themselves as opposed to looking for master guidance that would cost more.
Unpredictability in costs of raw material required for latex caulk is viewed as main consideration hampering the market development. Cost of saps generally rely upon the expense of unrefined oils.
Asia Pacific to Emerge Prominent Regional Market
Asia Pacific is expected to emerge as the leading region in the global caulk market attributable to the noteworthy development of end-use industries, for instance, automotive and construction in the region. China holds the significant share of the caulk market in Asia Pacific in terms of end-use. Developing economies in Asia Pacific are expected to offer lucrative opportunity to vendors in the latex caulk market in the coming years, driven by the boom in infrastructure and industrialization.
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Prominent vendors operating in global latex caulk market are Sashco, Inc., Sashco, Inc., The DoW Chemical Company, and DAP Products.