Putty Fillers Market Size, Share & Industry Analysis, By Type (Polyester Putty, Epoxy Putty, Oil-Based Putty, Multifunctional Putty, Others), By Application (Automotive, Construction, Marine, Metal, Others) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI103710 | Status : Ongoing

KEY INDUSTRY INSIGHTS

The putty filler is a ready to use multipurpose cellulose filler. It is available in different types which include polyester putty, epoxy putty, and multifunctional putty. It doesn’t get shrink or crack and mainly formulated for the exterior and interior applications. Furthermore, the putty filler is ideal for filling small joints, cracks, and also used in levelling the uneven surfaces, that further provide a smooth and even finish before painting. It is also easy to apply, allows fast drying, and eco-friendly. The putty fillers find its application in the automotive, construction, marine, and metal.

The rising demand for putty fillers in the construction industry will lead to market expansion. The putty fillers are mainly utilized in residential and commercial buildings for interior and exterior purposes. It deliver a smooth finish to the surface while preventing the cracks. It also has superior flexibility, low shrinkage, and also can withstand harsh external elements including rain. Additionally, the oil based-putty is suitable for face glazing, heel seal, and bedding glazing beads. Hence, the rising use of the product will further lead to surge the putty fillers market growth during the forecast timeline.

However, the availability of substitutes including sanded grout & unsanded grout will reduce the adoption of putty fillers in various applications. Hence, it is anticipated to hamper the market growth.

Key Market Driver -

The rising demand for putty fillers in the construction industry to drive the market growth

Key Market Restraint -

Availability of substitute for putty fillers to restrict the market growth

Market Segmentation:

Based on type, the putty fillers market is segmented into polyester putty, epoxy putty, oil-based putty, multifunctional putty, and others. Based on application, the market is segmented into automotive, construction, marine, metal, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the putty fillers market include Toolstation, Selleys New Zealand, Astleys Ltd, Sherwin-Williams, Howden Joinery Ltd, Wickes.co.uk, Celtic Sustainables., MacBlair., Fiberglass Supply Depot Inc., Evercoat, and ProWorx.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Analysis:

Asia Pacific is anticipated to witness the highest growth in the putty fillers market. The growth is due to the rising demand of putty fillers in the construction industry. In which China and India are the leading countries. The rising demand for polyester putty in the automotive industry will fuel market growth in Europe. In North America, growth is attributed to the rising demand for epoxy putty in the marine industry. The Middle East & Africa and Latin America are anticipated to witness significant growth, owing to the rising use of putty fillers in the metal and construction applications.

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Segmentation

ATTRIBUTE	DETAILS
By Type	Polyester Putty Epoxy Putty Oil-Based Putty Multifunctional Putty Others
By Application	Automotive Construction Marine Metal Others
By Geography	North America (U.S. and Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

Putty Fillers Industry Developments

In November 2018, Evercoat launched OPTEX body filler with color-changing technology. The new product is also available in a putty. Hence, this new launch will aid the company to retain customer requirements.

January 2017, ProWorx introduced ProWorx Silk a new silk premium finishing glaze putty pouch. This launch will help the company to expand its product line.

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PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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