17-July-2019: The global building and
construction sealants market size is anticipated to reach
USD 11.23 billion by 2025, according to a new report by Grand View Research,
Inc. It is anticipated to expand at a CAGR of 6.1% over the forecast period.
Increasing construction spending in emerging economies like China and India is
the significant factor driving market growth. Furthermore, the rising recovery
of infrastructure in developed markets like U.S. and Germany is expected to
boost the demand.
About Grand View Research
Water based sealant
emerged as the leading technology worldwide in 2017 owing to its Volatile
Organic Compound (VOC) free characteristics and low cost. These products
minimize slipping while adhering to vertical surfaces and reduce the need for
joint support during curing. Moreover, they are highly heat resistant and
therefore the bond caused by them integrity when exposed to sunlight.
The silicone resin
based sealants led the market in 2017 due to its characteristics such as
thermal stability, adhesion, aesthetic appeal, and weather resistance.
Furthermore, these products were significantly adopted for structural glazing
and weatherproofing applications.
The bonding segment
of the product captured the largest market share in 2017. For the purpose of
bonding, construction sealants are always preferred over mechanical fasteners
due to high strength bonding characteristics and better
environment-friendliness. Also, they facilitate faster development of
construction projects and are more economical than mechanical fasteners.
Asia Pacific is
predicted to be the fastest growing region in the global building &
construction sealants market, during the forecast period. Increasing demand for
housing infrastructure coupled with rising per capita income is estimated to
propel the construction sector in emerging economies like China, India,
Vietnam, and Thailand. Moreover, there is an increasing demand for sustainable
products, which is expected to support the growth of bio-based sealants.
The market is
dominated by a few players who hold a significant market share. Major players
are focusing on product differentiation and innovation to sustain the demand
for eco-friendly products. Merger and acquisition is a significant strategy
adopted by the industry players to gain a competitive advantage and expand
their geographical presence.
In
depth research report on Building and Construction Sealants Market
Further key findings from the report suggest:
·
Polyurethane resin is expected to be the fastest growing
segment with a CAGR of 6.0% during the forecast period on account of low cost
and extensive usage in bonding applications
·
Flooring application led the building & construction
sealants market in 2017, with a share of 23.1% owing to the enhanced bond
strength and superior hardness offered by construction sealants for flooring
purposes
·
The bonding function is anticipated to be the fastest growing
function segment with a CAGR of 6.1% during the forecast period
·
Asia Pacific is predicted to lead with a market share of
47.7% by 2025 on account of rapid industrialization and rising spending on
housing infrastructure
·
Regulatory agencies such as EPA and REACH have enforced
strict regulations regarding the limits on the emissions of Hazardous Air
Pollutants (HAP) and Volatile Organic Compounds (VOCs) which has encouraged the
production of bio based sealants
·
Some of the key market players are Sika AG, 3M, Dow Corning,
and H.B Fuller. New product launches, mergers and acquisitions, and product
launches are the significant business strategies adopted by them.
Grand View Research
has segmented the global building & construction sealants market report on
the basis of resin type, technology, application, function, end-use,
distribution channel, and region:
Building and Construction Sealants Resin Type Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Silicone
·
Polyurethane
·
Plastisol
·
Emulsion
·
Polysulfide
·
Butyl-based
Building and Construction Sealants Technology Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Water-based
·
Solvent-based
·
Reactive
·
Others
Building and Construction Sealants Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Flooring
·
Packaging
·
Food & Beverages
·
Construction
·
Automotive
·
Others
Building and Construction Sealants Function Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Bonding
·
Protection
·
Insulation
·
Glazing
·
Soundproofing
·
Cable management
Building and Construction Sealants End-use Outlook (Volume,
Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Residential
·
Industrial
·
Commercial
Building and Construction Sealants Distribution channel
Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)
·
Direct
·
Third-party
Browse
more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
No comments:
Post a Comment