The worldwide 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.
The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Construction Sealants industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.
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Key Highlights from The 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.
- In flooring, construction sealant gives a smoother surface making the floor is easier to clean. Also, sealants prevent alkali and lime leachate from the concrete, leaving stains marks on the slab surface, thus adding to visual appeal.
- Europe held the second-largest market share in 2019, attributed to the growth of the construction industry in the region and a rise in the purchasing power of the people.
Key Companies Profiled in the Report:
Key participants 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.
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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)
- Usage Outlook (Revenue, USD Billion; 2017-2027)
- Cable Management
- Sound Proofing
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
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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