Construction Sealants Market is estimated to grow at a CAGR of 5.6% from 2020 to 2027
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The growing demand for the product in residential buildings is one of the significant factors influencing the market growth.
VANCOUVER, BC, CANADA, June 16, 2022 /EINPresswire.com/ -- The global construction sealants market is projected to be worth USD 12.32 Billion by 2027, according to a current analysis by Emergen Research. The construction sealant market is observing high demand attributed to the growing demand in residential buildings.
The growing popularity and deployment of various cladding styles on residential buildings drive construction sealants' demand to deliver air and weatherproofing while accommodating for any movement or stresses that the buildings may be subjected to post-construction. Sealants improve the durability of repaired joints and provide an effective means to augment the building's overall sustainability without substituting existing construction materials.
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Competitive Outlook:
The global Construction Sealants market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Construction Sealants market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Key players include Sika AG, BASF SE, Mapei SPA, The Dow Chemical Company, 3M Company, Henkel AG & Co. KGaA, Wacker Chemie AG, Asian Paints Ltd., HB Fuller, and Bostik SA, among others.
Key Highlights of Report
In September 2019, Sika entered into an agreement for the acquisition of Crevo-Hengxin, a firm involved in the production of silicone adhesives and sealants deployed in construction and industrial applications.
Polysulphide sealants find extensive usage in commercial construction to provide resistance to wet and cold conditions owing to their impermeability.
Reactive sealants possess improved elasticity, which is advantageous for constructions facing expansion and shrinkage. In contrast, solvent-based sealants are less elastic and could experience premature breakage.
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The global Construction Sealants market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Construction Sealants sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented the global construction sealants market on the basis of resin type, usage, product type, application, end-users, and region:
Resin Type Outlook (Revenue, USD Billion; 2017-2027)
Silicone
Polysulfide
Polyurethane
Emulsion
Plastisol
Others
Usage Outlook (Revenue, USD Billion; 2017-2027)
Bonding
Protection
Insulation
Cable Management
Sound Proofing
Product Type Outlook (Revenue, USD Billion; 2017-2027)
Water-Based
Solvent-Based
Reactive
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Glazing
Flooring & Joining
Sanitary & Kitchen
Others
End Users Outlook (Revenue, USD Billion; 2017-2027)
Residential
Commercial
Industrial
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Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
North America
U.S.
Canada
Europe
U.K.
Italy
Germany
France
Rest of EU
Asia Pacific
India
Japan
China
South Korea
Australia
Rest of APAC
Latin America
Chile
Brazil
Argentina
Rest of Latin America
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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The report addresses the following key points:
The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the Construction Sealants market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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Construction Sealants Market Trends, Forecast 2027
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