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.
Growing demand for green construction is a significant factor in fueling market demand. The use of construction sealants improves the energy-efficiency of buildings and thereby reduces environmental stress. Green building standards such as LEED play an important role in promoting the market growth.
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The researchers have considered all the factors influencing the growth of the Construction Sealants market on the global and regional scale. The report considers the COVID-19 pandemic as one of the key influencing factors of the Construction Sealants market. The pandemic has disrupted the supply chains and economic scenario of the market and has hindered the growth of the market. The report discusses in detail the overall impact of the COVID-19 pandemic on the Construction Sealants market and its key segments. The report also offers a current and future impact of the COVID-19 pandemic on the market.
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.
One of the report’s central components is the broad Construction Sealants market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders. The report contains unbiased industry expert opinions on the current market scenario, past market performance, production consumption rates, demand supply ratio, and revenue generation forecasts over the estimated period. The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report. Furthermore, several analytical tools like investment assessment, SWOT analysis, and Porter’s Five Forces Analysis have been implemented by our analysts’ team to evaluate the production and distribution capacities of the Construction Sealants market players.
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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.
Some 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.
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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)
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Flooring Joining
- Sanitary Kitchen
- End Users Outlook (Revenue, USD Billion; 2017-2027)
- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- South Korea
- Rest of APAC
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Elucidating the competitive landscape of the Global Construction Sealants Market:
- The global Construction Sealants market report offers viable insights into the competitive spectrum of the Construction Sealants business sphere.
- The report systematically profiles the company information of each market player.
- It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
- The study showcases the extensive product portfolios of the prominent market contenders.
- It offers critical data information about the product application scope and the end-user landscape.
- The study provides salient information about the pricing models of the products offered by these companies. Moreover, it determines the gross profits and losses experienced by them throughout their market tenures.
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