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Global construction sealants market to be worth CAGR 5.8% by 2024 made available by top research firm

Global construction sealants market to be worth CAGR 5.8% by 2024 made available by top research firm

Global Construction Sealants Market, By Resin Type {Silicone (One-Component, Two-Component), Polyurethane(One-Component, Two-Component), Polysulfide(One-Component, Two-Component), Others), By Application (Glazing, Flooring & Joining, Sanitary & Kitchen, Others)By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

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Global Construction Sealants Market accounted for USD 7.25billion in 2016 and is projected to grow at a CAGR of 5.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Market Definition: Global Construction Sealants Market

Sealants, commonly known as caulking in the construction industry, are ubiquitously used to block dust, heat, sound, and fluid through apertures at joints in building structures. They display a number of properties and are particularly effective in waterproofing processes to provide a barrier for moisture in built structures.

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Sealants can provide acoustic and thermal insulation and can also be used as fire barriers.There is a growing demand for construction sealantsin glazing, flooring & joining and sanitary & kitchen activity, which is expected to be one of the major drivers of the market over the next seven years.

Major Market Drivers:

  • Demand of construction sealants in residential housing and infrastructure sectors
  • Construction sealants bonding provides safety and ease of application
  • Hugh demand from glazing and panels in new high-rise buildings

Market restraint:                 

  • Stringent environment regulation

The construction sealants market is segmented on the basis of resin type into Silicone, Polyurethane, Polysulfide and others. Silicone is further sub segmented into one-component and two-component.

Polyurethane is further sub segmented into one-component and two-component. Polysulfide is further sub segmented into one-component and two-component.

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On the basis of application, the market is segmented into glazing, flooring & joining, sanitary & kitchen and others.

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On the basis of geography, the construction sealants market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

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Major Market Competitors: Global Transfection Technologies Market

Major Market Players in the Market:

  • 3M
  • Asian Paints
  • BASFSE
  • Bostik
  • Dap Products Inc.
  • Franklin International
  • General Electric
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Hodgson Sealants
  • ITW Polymer Sealants North America
  • KCC Corporation
  • KÖMMERLING CHEMISCHE FABRIK GMBH
  • Konishichemical indCo., Ltd.
  • MAPEI Corporation
  • PCI Augsburg GmbH
  • Pecora Corporation
  • Pidilite Industries Limited
  • Selena Group
  • Sika AG
  • Soudal Inc.
  • The Dow Chemical Company
  • The Euclid Chemical Company
  • The Yokohama Rubber Co., Ltd.
  • Wacker Chemie AG

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