Building & Construction Market Research News

Global Construction Sealants Market Anticipated to Reach $10.2 Billion by 2021

Construction Market Research

Construction sealants are high performance compounds used majorly in construction and transportation industries. The desired properties for any compound to qualify as a good sealant include durability, excellent adhesion to substrate, little shrinkage, excellent weathering, high temperature resistant, corrosion resistant, and ultraviolet (UV) resistance, having a long service life cycle of 10 – 20 years.

With growing population & urbanization in the growing economies, increasing governmental and private sector investments in the construction, and rising disposable incomes of people leading to increased renovation activities are driving this market. Silicone, polyurethane, polysulfides, and MS sealants are the most commonly used sealants as they offer the desired properties among other traditional materials such as wax, bitumen, and other adhesives & bonding agents. With substantial advancements in the construction industry, sealants have evolved as a predominant material with a large number of potential applications such as exterior (glass/glazing, metal, stone/concrete), interior (flooring & joining, sanitary & kitchen, others), doors & windows. However, due to certain disadvantageous characteristics of sealants such as low thermal insulation, low adhesion on painted surfaces, leakage of air and moisture, a large amount of the sales is spent on the R&D activities by the leading companies.

According to a new market intelligence report by BIS Research, titled Global Construction Sealants Marke…ecast (2017-2021), the global construction sealants market is expected to reach a value of $10.7 billion and 1,795.1 Kilotons by 2021, growing at a CAGR of 6.5% by value, and 5.4% by volume between 2016 and 2021. The demand of construction sealants will majorly be driven by the rising demand of them in the residential & non-residential buildings, primarily for glazing and paneling, demand from the developing countries, and the BRICS region, and increasing maintenance and renovation activities in the construction sector.  The various governmental regulations, increasing R&D activities for cost cutting in products such as, MS sealants are expected to generate opportunities for low VOC and sustainable sealants in this market. Additionally, increasing application areas in the emerging economies such as China, India, and Brazil are expected to be the major cause for the rise in demand of the construction sealants.

In the year 2016, silicone-based sealants dominate the market holding a share of 55.2% by value and 58.1% by volume., The leading sealant formulators such as, Henkel, H.B. Fuller, Bostik, Sika, 3M, Dow, are operating in a highly-competitive market by investing substantially in R&D, brand building, and building strong relationships with their customers to support and maintain their competitive market share from both sales-based, and cost-focused efforts.

This market report provides a thorough analysis of the recent trends influencing the global construction sealants market, along with a comprehensive study of the future trends and developments. The report is a compilation of various segmentations of the market, including market breakdown by resin type, application & sub-application segments, and different geographical regions. It also includes a separate segment on industry analysis, wherein, the opportunity matrix, country share analysis, and market share of key companies, globally, and for silicone sealants is provided to compare the various regions, and the market players on basis of market share and growth rates.

Some of the key players in the global construction sealants market include Axalta Coatings Systems, PPG Industries Inc., AkzoNobel N.V., BASF SE, Sika, H.B. Fuller, Wacker Chemie, Evonik Industries, Bostik, 3M, Henkel, and Arkema. These companies provide a broad product portfolio for specific needs and applications.

Key questions answered in the report:

  • What was the size, in terms of value ($million) and volume (kilotons) of the construction sealants market in 2016, and what will be the growth rate during the forecast period, 2017-2021?
  • What are the different resin types of the construction sealants market by the respective manufacturers?
  • What was the generation in terms of value ($million) and volume (kilotons) of the construction sealants market for different resin types in 2016, and what is their futuristic growth prospect?
  • What was the generation in terms of value ($million) and volume (kilotons) of the different resin types by various applications in the construction sealants market in 2016, and what is their futuristic growth prospect?
  • What is the market size in terms of value ($million) and volume (kilotons) of different applications and sub-applications, in terms of value and volume and their respective growth prospects and key developments?
  • What is the construction sealants market size in terms of value ($million) and volume (kilotons) for different regions, on the basis of various countries and resin types?
  • What are the key trends and opportunities in the market, pertaining to the countries included in different geographical regions?
  • How attractive is the market for different stakeholders present in the industry by analyzing the futuristic scenario of the construction sealants market?
  • What are the major driving forces that tend to increase the demand for the construction sealants market during the forecast period?
  • What are the major challenges inhibiting the growth of the global construction sealants market?
  • What kind of new strategies are being adopted by the existing market players to further expand in the industry?
  • What is the competitive strength of the key players in the construction sealants market by analyzing through market share analysis?
  • What is the competitive strength of the key players in the silicone construction sealants market by analyzing through market share analysis?
  • Who are the key market players in the market? What are their financials, key products & services, and SWOT analysis?

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