Global Market Insights, Inc. presents most up-to-date research report on “Construction Sealants Market with recent research (2016-2017) and the current scenario (2018) along with future market potential (2019-2024), Size, Share, By Product (Silicones, Polyurethanes, Acrylic, Polysulfide, Butyls), Growth Potential, Trends Statistics, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, Thailand, Malaysia, South Korea, Australia, Brazil, South Africa, Saudi Arabia, UAE)”.
Report predicts the construction sealants market size is set to cross USD 6.5 billion at end of 2024. Growth in residential renovation and remodeling projects along with huge investments in this sector mainly in China & India should contribute towards construction sealants market size. Shifting trends towards smart energy saving modern construction projects along with rise in durable and minimal maintenance demand should favor product growth.
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Polyurethane construction sealants market is anticipated to exceed USD 2 billion at end of 2024. The product proves to have wide application scope in flooring & joining for public infrastructure including roads, bridges and tunnels owing to its excellent mechanical resistance which helps them to withstand water, smoke, UV degradation, cracking and yellowing thereby stimulating industry growth.
Acrylic construction sealants market should register strong gains up to 3.5%. It is widely used for windows, ceramic tiles, kitchen, bathrooms doors and wall filling owing to excellent adhesion, low cost and compatibility.
Construction application-based Silicone sealants market size is poised to surpass USD 3.1 billion in sales up to 2024. It provides high strength, long lasting, excellent durability, flexibility unique UV and moisture resistance along with compliance to green building norms.
Construction sealants demand with respect to sanitary & kitchen applications may witness gains at above 3.1%. Wet areas including kitchen and bathrooms are exposed to high moisture content and may cause water leaks deteriorating building structure thereby promoting use of sealants for moisture curing.
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Construction sealants demand with respect from weatherproofing application is anticipated to reach 115 kilo tons by 2024. The product blocks the apertures from the joints which restrict water ingression, dust, airborne contaminants along with easy application, UV protection long lasting protection and efficiency. Strong application in commercial construction bridges, airports, offices and institutions to ensure durability and longtime protection is likely to fuel product demand.
Europe, led by UK, France, Italy, Russia and Germany construction sealants market may register gains at over 3% during the foreseeable timeframe. Increasing construction spending in residential sector owing to massive movement of migrants to western countries may stimulate regional industry growth. Strict regulations by EU towards toxicity and VOC emission for building structures has led to adoption of ecofriendly bio-based products, further boost industry growth in the region.
Asia Pacific led by India, Japan, Malaysia, China construction sealants market is poised to surpass USD 2.7 billion over the forecast period. Rising urbanization, increasing per capita income and increasing spending on housing infrastructure should drive product demand in the region. Moreover, government spending in various infrastructure projects should stimulate regional industry growth.
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India construction sealants market should witness strong gains at above 6%. Growth in construction spending due to finance availability & low labor & material costs is likely to positively impact regional product demand. Rising incidences of poor construction quality and deteriorating building structure may act as another contributing factor towards regional product demand.
Key industry participants in construction sealants market are 3M, Honeywell International, Delta Plus, Bullard, Gerson, Intech Safety, ILC Dover, Alpha Pro Tech, RSG Safety and Kimberley Clark. The giant companies have been engaged in extensive research and development of their products for providing better solutions and gaining the edge over the competitors. For example, in December 2012, Ansell launched new hybrid technology in GAMMEX N95 respirator and surgical mask. The launch was intended to expand Active Infection Protection (AIP) portfolio by reducing the risk of Healthcare Associated Infection (HAI).
Browse Related Report:
1. Polyurethanes (PU) Market Size By Product (Flexible Foams, Rigid Foam, Adhesives & Sealants, Elastomers, Coatings), By Application (Construction, Automotive, Furniture & Interiors, Electronics, Footwear, Packaging), Industry Analysis Report, Regional Outlook (U.S., Germany, Italy, UK, China, India, Japan, Indonesia, Brazil, Saudi Arabia), Bio-based PU Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023.
(PU) Polyurethanes Market size was over USD 50 billion for 2015 and is forecast to witness growth at over 5% CAGR from 2016 to 2023.
https://www.gminsights.com/industry-analysis/polyurethane-PU-market-report
2. Adhesives and Sealants Market Size By Application (Construction, Pressure Sensitive, Furniture, Packaging, Automotive), By Technology (Solvent, Water-based, Reactive, Hot Melt), By Product (Polyurethane [PU], Acrylic, Epoxy, EVA, Polyvinyl Acetate [PVA]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023.
Adhesives and Sealants Market size was over USD 25 billion and 6.4 billion in 2015 respectively is slated to grow above 5.5%.
https://www.gminsights.com/industry-analysis/adhesives-and-sealants-market-report
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