Global Construction Sealants Market
- POSTED ON Tuesday, May 25, 2021
Global Construction Sealants Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at CAGR of 6.17% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Major driver of the global construction sealant market is increasing application of sealants for flooring and expansion jointing in commercial and residential building structures. Particularly in emerging economies there is a high rate of development of residential buildings. Furthermore, environmental concerns leading to the development of light and green buildings are estimated to display substantial demand for construction sealants across the world.
However, government regulations across several countries for VOC emissions are restraining the market’s growth. The introduction of bio-based and anaerobic sealants is anticipated to benefit the global construction sealant market growth in the future.
On the basis of the resin type segment, the silicone global construction sealants segment is expected to lead the global construction sealants market during the forecast period. Furthermore, polyurethane construction sealants have made important contributions to the sealant bonding technology, making several different feedstock materials available for the manufacturing of sealants that exhibit a broad spectrum of performance characteristics. Based on varied compositions, polyurethane global construction sealants market are being used across a wide range of applications in the building & construction industry. For instance, these sealants are increasingly being used for flexible construction in the U.S., accounting for 3% of all housing constructions in the country.
Based on the application segment, glazing is expected to hold the largest market share during the forecast period, followed by the flooring & joining segment. The rising demand for innovative products and the need for research & development in construction sealants have led companies to implement organic and inorganic growth strategies to increase their market shares.
The market is dominated by a few players who hold a significant market share. Major players are focusing on product differentiation and innovation to sustain the demand for eco-friendly products. Merger and acquisition is a significant strategy adopted by industry players to gain a competitive advantage and expand their geographical presence.
In terms of region, Asia Pacific is predicted to be the fastest-growing region in the global building and construction sealants market, during the forecast period. Increasing demand for housing infrastructure coupled with rising per capita income is expected to propel the construction sector in emerging economies like China, India, Vietnam, and Thailand. Furthermore, there is an increasing demand for sustainable products, which is expected to support the growth of bio-based sealants.
This report presents a complete assessment of the market and covers considerate insights, historical data, facts, and statistically sustained and industry-validated market data. It also contains estimates using an appropriate set of assumptions and methodologies. The report provides analysis and information according to market segments like applications, geographies, and industry.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global construction sealants market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global construction sealants market.
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Global Construction Sealants Market, By Resin Type
• Silicone• Polyurethane• Polysulfide• OthersGlobal Construction Sealants Market, By Application
• Glazing• Flooring & Joining Application• Sanitary & Kitchen Application• OthersGlobal Construction Sealants Market, By Region
• North America• Europe• Asia Pacific• Middle East and Africa• South AmericaKey players operating in Global Construction Sealants Market
• 3M• Bostik SA• Sika AG• Henkel AG & Co. KGaA• H.B. Fuller• BASF SE• The DOW Chemical Company• Wacker Chemie AG• General Electric Company• Konishi Co., Ltd.• Mapei SPA• Asian Paints Limited• The Yokohama Rubber Co., Ltd.• KCC Corporation• Dap Products, Inc.• Pidilite Industries Limited• Franklin International• ITW Polymer Sealants North America, Inc.• PCI Augsburg GmbH• Soudal N.V.• Selena FM S.A.• Kömmerling Chemische Fabrik Kg• Hodgson Sealants (Holdings) Ltd.• Pecora Corporation• The Euclid Chemical Company.
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