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Putty Fillers Market By Type (Polyester Putty, Epoxy Putty, Putties For Plastics, Multifunctional Putty) , By End-Use Industry (Automotive, Construction, Marine, Metal) - Growth, Future Prospects And Competitive Analysis, 2017 - 2025

Putty is filler material which is analogous in texture to dough or clay and possess with high plasticity. The unique function of putty fillers is to repair and fill cracks to make them smooth and aesthetically correct after sanding. Putty fillers are typically utilized in repair & maintenance and domestic construction as a filler or sealant. Some specialized putty fillers are flame retardant, since they are widely used in fire prevention as well as for packing of electrical boxes in flame retardant drywall assemblies. The hydrates present in putty fillers go through an endothermic chemical reaction to alleviate transfer of heat to the obscure side. Putty is also used widely in glazing and sealing glass panes to wooden frames. Glazing putty is usually manufactured by mixing linseed oil with finely ground chalk in diverse proportions. Although, a wide range of synthetic substitutes have introduced such as polybutene putties and butyl rubber based putties.

Rising demand for putty fillers from construction and medical industries due to their outstanding properties of adhesion and elasticity is expected to fuel the overall growth of the market. Putty fillers are also used in marine applications and in the renovation of windmill blades. Therefore, increasing adoption of putty fillers in the renovation and maintenance of ships along with increasing investments on the use of sustainable sources of energy such as wind energy are some major factors anticipated to bolster demand for putty fillers over the forecast period. The global putty fillers market is strongly influenced by growing construction industry and rising investments on construction renovation activities.

However, various aspects such as longer drying time and mismatch in putty colors are some aspects estimated to restrain the growth of global putty fillers market.

Based on end-use industry, construction accounts for the largest share in the global putty fillers market due to rapid urbanization and increasing population across the globe. Also, increasing investments in construction renovation activities owing to rising per-capita disposable income and increasing consumer spending are anticipated to augment the construction segment during the forecast period.

Asia Pacific is anticipated to dominate the global market due to rising demand for efficient putty fillers especially from the construction and automotive industry. Thus, rapid development of Indian and Chinese automotive and construction industries is a major factor driving the growth of Asia Pacific putty fillers market. Moreover, rapid urbanization and increasing construction renovation activities especially in the rural areas is leading to an unprecedented demand for efficient putty filler materials which is further anticipated to propel the demand for putty fillers.

Putty Fillers Market

The global putty fillers market can be categorized on the basis of regions and countries as:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • Rest of MEA

Putty Fillers Market

Asia Pacific is projected to be the most profitable region in the global putty fillers market due to increasing inclination of automotive manufacturers towards setting up their manufacturing facilities in Asia Pacific. This is due to presence of favorable factors such as skilled labor, abundance of raw materials, cheaper setup cost as well as favorable governmental norms. Moreover, increasing population, rising per capita disposable incomes, growth in consumer spending and changing lifestyles of consumers is driving the overall automotive industry in the region which is further expected to drive the Asia Pacific putty fillers market. Moreover, rapid urbanization and increasing development of the construction industry especially in China, India, Korea and Indonesia is another key factor driving the Asia-Pacific putty fillers market. Asia Pacific, owing to its fast pace of economic development and high demand from a broad range of end-use industries such as automotive, electrical and construction is a frontrunner in the demand for putty fillers. Also, low production cost of epoxy putty in China is anticipated to encourage market giants to open production facilities in China. In addition, easy availability of raw materials such as calcium carbonate, epoxy resin, magnesium silicate at cheaper prices as well as increasing demand for polyester putty from healthcare industry further fuels the Asia Pacific putty fillers market growth. North America is expected to account for the second largest share owing to increasing construction renovation activities coupled with rising demand for automobiles especially in developing provinces of Canada.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
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Published Date:  Jan 2018
Category:  Chemicals
Report ID:   58929
Report Format:   PDF
Pages:   120
Rating:    4.2 (24)
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