Thread Sealant Market, Global Outlook and Forecast 2023-2030 help@statsmarketresearch.com
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Report Overview: • It is one of the most popular methods used for general-purpose instant sealant for tapered and straight fittings. This paste can be applied in leak-proof joints on threaded fittings which are exposed to air. Owing to its superior lubricant which offers leak-tight sealing is raising its demand across the various end-user industry. Also, it holds excellent properties such as non-flammable, non-migrating, non-toxic, odorless and waterproof as well as anti-corrosiveness thereby driving product demand.
• The global key manufacturers of Thread Sealant include 3M Company, Deacon Industries, Hb Fuller Company, Henkel Ag & Company, KGaA, La-Co Industries and Permatex., etc. in 2022, the global top five players have a share approximately % in terms of revenue. ©All Rights Reserved, Stats Market Research
Market Value: • The global Thread Sealant market was valued at US$ 1264.7 million in 2022 and is projected to reach US$ 1724.2 million by 2029, at a CAGR of 4.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
CAGR of 4.5% (2022 – 2030)
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By Types: • PTFE • Haste and Paste • Sealing Cord
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By Applications:
Industrial
Sanitary
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Full Report Url: https://www.statsmarketresearch.com/global-threadsealant-forecast-2023-2030-120-7829331 ©All Rights Reserved, Stats Market Research