Putty Fillers Market

Market Insights

Putty is a filler material that is analogous in texture to dough or clay and has 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 and 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 electrical boxes in flame-retardant drywall assemblies. The hydrates present in putty fillers go through an endothermic chemical reaction to alleviate the transfer of heat to the obscure side. Putty is also widely used 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 been introduced, such as polybutene putties and butyl rubber-based putties,

Rising demand for putty fillers from the 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 in 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 growing construction industry and rising investments in construction renovation activities have a significant impact on the global putty fillers market.

However, factors such as longer drying times and color mismatches in putty are expected to limit the growth of the global putty fillers market.Based on the end-use industry, construction accounts for the largest share of the global putty fillers market due to rapid urbanization and an 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 industries. Thus, the rapid development of the automotive and construction industries in India and China is a major factor driving the growth of the Asia Pacific putty fillers market. Moreover, rapid urbanization and increasing construction renovation activities, especially in rural areas, are leading to an unprecedented demand for efficient putty filler materials, which is anticipated to further propel the demand for putty fillers.

The global putty fillers market can be classified into the following types:

• Polyester Putty
• Epoxy Putty
• Plastic Adhesives
• Multifunctional Putty
• Others (molding putty, adhesive putty, etc.)

The epoxy putty segment was dominant in the global putty fillers market in 2016 and is anticipated to uphold its dominance over the forecast period from 2017 to 2025. This is due to the high demand for cheaper and more efficient putty materials, especially from the automotive and construction industries. Moreover, low cost is a major factor driving the demand for epoxy putty since polyester putty and multifunctional putty is relatively more expensive and not viable to use in bulk amounts. Also, the increasing growth of the automotive industry is a major factor in demanding epoxy putty in bulk quantities since vehicle engines attain high temperatures and epoxy putty cures with a hard and tough bond with no shrinkage.

Moreover, increasing construction activities as well as increasing demand for epoxy putty in the repair of wood, metal, concrete, fiberglass, and plastics are some other major factors driving the epoxy putty segment in the global putty fillers market. The polyester putty segment is anticipated to account for the second largest share in the global putty fillers market due to the excellent properties of polyester putty, such as adhesion, low porosity, and superior elasticity. Furthermore, rising demand for commercial vehicle repair and maintenance, as well as increased applications of glass fibers in aircraft and ships, are driving up demand for polyester putty. However, fluctuating raw material prices, as well as the association of several disadvantages with putty fillers, are some major factors anticipated to hinder the market growth.

The global putty fillers market can be categorized on the basis of the end-use industry as follows:

• Automotive
• Construction
• Marine
• Metal
• Others (medical, windmill, electrical, etc.)

By end-use industry, the construction segment accounted for the largest share of the global putty fillers market in 2016 and is expected to uphold its dominance throughout the forecast period. This is mainly due to the rising demand for efficient and cheaper putty filler materials in construction activities. Also, increasing disposable incomes, rising populations, and increasing consumer spending are some factors driving the demand for construction maintenance and repair across the globe. In addition, increasing applications of putty fillers for expansion jointing and flooring in residential and commercial building structures is another key factor driving the growth of the construction segment in the global putty fillers market. The use of glass walls is a major trend in the global construction industry.

Glass walls are being widely preferred, especially in commercial spaces, due to their high aesthetics and low investment compared to building concrete walls. The increasing development of commercial infrastructure is thus driving the global putty filler market. Also, increasing automotive production and the increasing propagation of putty fillers in fuel engines to offer heat resistance and durability are some other major factors driving the automotive segment in the global putty fillers market. Moreover, the emergence of China as an automotive OEM hub, coupled with increasing investments in research and development activities regarding the use of heat-resistant elastic putty materials in the finishing of automotive interior components, is further expected to fuel the growth of the automotive segment in the foreseeable future.

The global putty fillers market can be divided into the following regions and countries:

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 and Africa (MEA)

• GCC Countries
• the remainder of MEA

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

Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
1.3. Market Segmentation

Chapter 2. Executive Summary
2.1. Global Putty Fillers Market Snapshot
2.1.1. Global Putty Fillers Market, by Type, 2016
2.1.2. Global Putty Fillers Market, by End-Use Industry, 2016
2.1.3. Global Putty Fillers Market, by Geography, 2016
2.2. Global Putty Fillers Market: Premium Insight
2.2.1. Attractive Market Opportunities in the Global Putty Fillers Market
2.2.2. Global Putty Fillers Market: Developed vs. Developing Economy
2.2.3. Global Putty Fillers Market: Asia-Pacific Market Analysis

Chapter 3. Putty Fillers Market: Dynamics and Future Outlook
3.1. Market Overview
3.2. Value Chain Analysis
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography

Chapter 4. Global Putty Fillers Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
4.1. Overview
4.1.1. Attractive Investment Proposition: By Type
4.2. Polyester Putty
4.3. Epoxy Putty
4.4. Putties for Plastics
4.5. Multifunctional Putty
4.6. Others

Chapter 5. Global Putty Fillers Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
5.1. Overview
5.1.1. Attractive Investment Proposition: By End-Use Industry
5.2. Automotive
5.3. Construction
5.4. Marine
5.5. Metal
5.6. Others (medical, electrical etc.)

Chapter 6. Global Putty Fillers Market, by Geography, 2015 – 2025 (Kilotons, US$ Mn)
6.1. Overview
6.2. North America Putty Fillers Market Analysis, 2015 – 2025
6.2.1. North America Putty Fillers Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.2.2. North America Putty Fillers Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
6.2.3. North America Putty Fillers Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe Putty Fillers Analysis, 2015 – 2025
6.3.1. Europe Putty Fillers Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.3.2. Europe Putty Fillers Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
6.3.3. Europe Putty Fillers Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. France
6.3.3.4. Rest of Europe
6.4. Asia Pacific Putty Fillers Market Analysis, 2015 – 2025
6.4.1. Asia Pacific Putty Fillers Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.4.2. Asia Pacific Putty Fillers Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
6.4.3. Asia Pacific Putty Fillers Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. India
6.4.3.4. Rest of APAC
6.5. Latin America Putty Fillers Market Analysis, 2015 – 2025
6.5.1. Latin America Putty Fillers Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.5.2. Latin America Putty Fillers Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
6.5.3. Latin America Putty Fillers Market, by Country, 2015 – 2025 (Kilotons, US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Rest of Latin America
6.6. Middle East & Africa (MEA) Putty Fillers Market Analysis, 2015 – 2025
6.6.1. MEA Putty Fillers Market, by Type, 2015 – 2025 (Kilotons, US$ Mn)
6.6.2. MEA Putty Fillers Market, by End-Use Industry, 2015 – 2025 (Kilotons, US$ Mn)
6.6.3. MEA Putty Fillers Market, by Region, 2015 – 2025 (Kilotons, US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA

Chapter 7. Company Profiles
7.1. Tamiya Corporation
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Heima Chemicals
7.2.1. Business Description
7.2.2. Financial Information (Subject to data availability)
7.2.3. Product Portfolio
7.2.4. Key Developments
7.3. Evercoat
7.3.1. Business Description
7.3.2. Financial Information (Subject to data availability)
7.3.3. Product Portfolio
7.3.4. Key Developments
7.4. The 3M Company
7.4.1. Business Description
7.4.2. Financial Information (Subject to data availability)
7.4.3. Product Portfolio
7.4.4. Key Developments
7.5. Motip Dupli B.V.
7.5.1. Business Description
7.5.2. Financial Information (Subject to data availability)
7.5.3. Product Portfolio
7.5.4. Key Developments
7.6. Akzo Nobel
7.6.1. Business Description
7.6.2. Financial Information (Subject to data availability)
7.6.3. Product Portfolio
7.6.4. Key Developments
7.7. Sikkens
7.7.1. Business Description
7.7.2. Financial Information (Subject to data availability)
7.7.3. Product Portfolio
7.7.4. Key Developments
7.8. JK White Cement Works
7.8.1. Business Description
7.8.2. Financial Information (Subject to data availability)
7.8.3. Product Portfolio
7.8.4. Key Developments
7.9. Henkel AG & Co. KGaA
7.9.1. Business Description
7.9.2. Financial Information (Subject to data availability)
7.9.3. Product Portfolio
7.9.4. Key Developments
7.10. HB Fuller
7.10.1. Business Description
7.10.2. Financial Information (Subject to data availability)
7.10.3. Product Portfolio
7.10.4. Key Developments

List of Figures

FIG. 1 Putty Fillers: Market Segmentation
FIG. 2 Putty Fillers Market: Premium Insights
FIG. 3 Attractive Investment Proposition, by Geography
FIG. 4 Global Putty Fillers Market Value, by Type, 2016 (Share, %)
FIG. 5 Global Polyester Putty Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 6 Global Epoxy Putty Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 7 Global Putties for Plastics Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 8 Global Multifunctional Putty Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 9 Global Others Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 10 Global Putty Fillers Market Value, by End-Use Industry, 2016 vs. 2025 (Share, %)
FIG. 11 Global Putty Fillers in Automotive Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 12 Global Putty Fillers in Construction Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 13 Global Putty Fillers in Marine Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 14 Global Putty Fillers in Metal Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 15 Global Putty Fillers in Others Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 16 Global Putty Fillers Market Value, by Geography, 2016 (Share, %)
FIG. 17 U.S. Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 18 Canada Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 19 U.K. Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 20 Germany Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 21 Spain Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 22 France Putty Fillers Market, 2015-2025 (Kilotons, US$ Mn)
FIG. 23 Italy Putty Fillers Market, 2015-2025 (Kilotons, US$ Mn)
FIG. 24 Rest of Europe Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 25 Japan Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 26 China Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 27 India Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 28 Rest of Asia Pacific Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 29 Brazil Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 30 Mexico Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 31 Rest of Latin America Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 32 GCC Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)
FIG. 33 Rest of Middle East and Africa Putty Fillers Market, 2015 – 2025 (Kilotons, US$ Mn)

List of Tables

TABLE 1 Global Putty Fillers Market Snapshot
TABLE 2 Global Putty Fillers Market, by Type, 2015 – 2025 (Kilotons)
TABLE 3 Global Putty Fillers Market, by Type, 2015 – 2025 (US$ Mn)
TABLE 4 Global Putty Fillers Market, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 5 Global Putty Fillers Market, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 6 Global Putty Fillers Market, by Geography, 2015 – 2025 (Kilotons)
TABLE 7 Global Putty Fillers Market, by Geography, 2015 – 2025 (US$ Mn)
TABLE 8 North America Putty Fillers, by Type, 2015 – 2025 (Kilotons)
TABLE 9 North America Putty Fillers, by Type, 2015 – 2025 (US$ Mn)
TABLE 10 North America Putty Fillers, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 11 North America Putty Fillers, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 12 North America Putty Fillers, by Country, 2015 – 2025 (Kilotons)
TABLE 13 North America Putty Fillers, by Country, 2015 – 2025 (US$ Mn)
TABLE 14 Europe Putty Fillers, by Type, 2015 – 2025 (Kilotons)
TABLE 15 Europe Putty Fillers, by Type, 2015 – 2025 (US$ Mn)
TABLE 16 Europe Putty Fillers, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 17 Europe Putty Fillers, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 18 Europe Putty Fillers, by Country, 2015 – 2025 (Kilotons)
TABLE 19 Europe Putty Fillers, by Country, 2015 – 2025 (US$ Mn)
TABLE 20 Asia-Pacific Putty Fillers, by Type, 2015 – 2025 (Kilotons)
TABLE 21 Asia-Pacific Putty Fillers, by Type, 2015 – 2025 (US$ Mn)
TABLE 22 Asia-Pacific Putty Fillers, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 23 Asia-Pacific Putty Fillers, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 24 Asia-Pacific Putty Fillers, by Country, 2015 – 2025 (Kilotons)
TABLE 25 Asia-Pacific Putty Fillers, by Country, 2015 – 2025 (US$ Mn)
TABLE 26 Latin America Putty Fillers, by Type, 2015 – 2025 (Kilotons)
TABLE 27 Latin America Putty Fillers, by Type, 2015 – 2025 (US$ Mn)
TABLE 28 Latin America Putty Fillers, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 29 Latin America Putty Fillers, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 30 Latin America Putty Fillers, by Country, 2015 – 2025 (Kilotons)
TABLE 31 Latin America Putty Fillers, by Country, 2015 – 2025 (US$ Mn)
TABLE 32 Middle East and Africa Putty Fillers, by Type, 2015 – 2025 (Kilotons)
TABLE 33 Middle East and Africa Putty Fillers, by Type, 2015 – 2025 (US$ Mn)
TABLE 34 Middle East and Africa Putty Fillers, by End-Use Industry, 2015 – 2025 (Kilotons)
TABLE 35 Middle East and Africa Putty Fillers, by End-Use Industry, 2015 – 2025 (US$ Mn)
TABLE 36 Middle East and Africa Putty Fillers, by Country, 2015 – 2025 (Kilotons)
TABLE 37 Middle East and Africa Putty Fillers, by Country, 2015 – 2025 (US$ Mn)
TABLE 38 Tamiya Corporation: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 39 Heima Chemicals: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 40 Evercoat: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 41 The 3M Company: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 42 Motip Dupli B.V.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 43 Akzo Nobel: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 44 Sikkens: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 45 JK White Cement Works.: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 46 Henkel AG & Co. KGaA: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)
TABLE 47 HB Fuller: Company Snapshot (Business Description; Financial Information; Product Portfolio; News Coverage)