By 2028, Demand for Global Construction Sealants Market Size to Surpass USD 11280.48 Million, at a 5.40% CAGR: Industry Trends, Share, Value, Analysis & Forecast by Facts & Factors
[210+ Pages Report] According to a market research study published by Facts and Factors, the demand analysis of Global Construction Sealants Market size & share revenue is estimated to grow to around USD 11,280.48 million by 2028, at a CAGR of approximately 5.40% between 2022 and 2028. The key market players are listed in the report with their sales, revenues and strategies are 3M (U.S.), Bostik (France), Sika (Switzerland), H.B. Fuller (U.S.), Henkel (Germany), BASF (Germany), Dow (U.S.), Wacker (Germany), General Electric (U.S.), MAPEI (Italy), Asian Paints (India), ITW (U.S.), Soudal (Belgium), Konishi (Japan), DAP Products (U.S.), Pidilite (India), KCC (Korea), and others.
TOKYO, July 07, 2022 (GLOBE NEWSWIRE) -- Facts and Factors has published a new research report titled “Construction Sealants Market - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” in its research database.
“According to the latest research study, the demand of global Construction Sealants Market size & share in terms of revenue was valued at USD 8,235.10 million in 2021 and it is expected to hit approximately USD 11,280.48 million mark, by 2028, growing at a compound annual growth rate (CAGR) of about 5.40% during the forecast period 2022 to 2028.”
What are Construction Sealants? How big is the Construction Sealants Industry?
Market Overview:
Construction sealants are used in a variety of applications, including glazing, flooring, and joining, as well as in sanitary and culinary areas. These applications are growing, which has propelled the building sealants market's expansion. The construction sealants market is being pushed by the rising use of sealants in newer applications in the construction industry, such as ductwork, anchoring, and structural glazing. Window framing, sanitary & kitchen, expansion joints, floor systems, walls, and panels all employ construction sealants. They can withstand tension and prevent fracture in the face of changing atmospheric conditions.
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About 210+ Pages Research Report (Including Recent Research)
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Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
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The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Facts and Factors research methodology
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Global Construction Sealants Market: Growth Factors
Population expansion, urbanization, and rising income are all driving up the demand for permanent, non-slum housing in developing countries. The significant increase in residential housing in these nations is driving the construction sealants industry. As a result of a growing tendency in many applications to utilize environmentally friendly or green goods, demand for green sealants or those with low VOCs is increasing. The sector has seen substantial growth prospects as it transitions to a more sustainable product offering. Green and more sustainable sealant solutions have a strong growth potential due to an increasing trend in the construction market to employ ecologically friendly or green structures.
Browse the full “Construction Sealants Market By Resin Type (Silicone, Polyurethane, Polysulfide, Plastisol, Emulsion, Butyl-based, Others), By Application (Glazing, Flooring & Joining, Sanitary & Kitchen, Others), By End-Use Industry (Residential, Industrial, Commercial), By Technology (Water-Based, Solvent-Based, Reactive, Others), By Function (Bonding, Protection, Insulation, Soundproofing, Cable Management), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends and Forecast 2022 – 2028” Report at https://www.fnfresearch.com/construction-sealants-market
Construction Sealants Market: COVID-19 Impact Analysis
As the construction sector is severely impacted by the covid-19 epidemic in 2020–2021, the global market for construction sealants is anticipated to slow. Both labour and material costs, as well as other significant cost elements of construction projects, have been impacted by the pandemic. The manufacturing sectors of nations like China and Italy have slowed, which has led to a sharp decline in the output of a variety of products, from steel to cement. Contractors who depend on Chinese products and materials may experience higher expenses, a shortage of building supplies, and a delay in project completion. Prices will increase as a result, and more projects will be cancelled.
The full research study examines the construction sealant market's qualitative and quantitative facets. Investigations have been conducted on both the supply and demand sides of the market.
Construction Sealants Market: Segmentation Analysis
The global Construction Sealant market is segregated based on resin type, application, end-use industry, technology and function.
Silicone construction sealants are predicted to lead the building sealants market throughout the forecast period, based on resin type. Silicone sealants are commonly utilized in the construction of windows, baths, and kitchens. The growing use of silicone sealants in expansion joints for joining dissimilar materials is driving their market. These sealants provide weather protection for high-rise buildings as well as flexibility for airport runways and highways because they remain pliable and do not crack in hot weather and become brittle and crack in cold weather.
The glazing section is predicted to increase at the fastest rate over the forecast period, depending on the application. The glazing construction sealants market is the fastest-growing in the globe, thanks to continuous investments in infrastructure development, expanding urbanization, and rising living standards in emerging countries. The building sealants market in the glazing application is driven by the developing housing sector, ongoing urbanization, rising income levels, and favorable government regulations.
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Competitive Landscape
Some of the main competitors dominating the global construction sealants market include -
3M (U.S.)
Bostik (France)
Sika (Switzerland)
H.B. Fuller (U.S.)
Henkel (Germany)
BASF (Germany)
Dow (U.S.)
Wacker (Germany)
General Electric (U.S.)
MAPEI (Italy)
Asian Paints (India)
ITW (U.S.)
Soudal (Belgium)
Konishi (Japan)
DAP Products (U.S.)
Pidilite (India)
KCC (Korea)
Yokohama Rubber (Japan)
Franklin (U.S.)
Selena (Poland)
Kömmerling (Germany)
PCI (Germany)
Hodgson Sealants (U.K.)
Pecora (U.S.)
Euclid (U.S.)
Key Insights from Primary Research:
According to the analysis shared by our research analyst, the Construction Sealants market is likely to expand at a CAGR of around 5.40% during the forecast period (2022-2028).
In terms of revenue, the Construction Sealants market size was valued at around US$ 8,235.10 million in 2021 and is projected to reach US$ 11,280.48 million by 2028.
Based on resin type, the silicone construction sealants are anticipated to dominate the market, during the forecast period.
Based on application segment, the the glazing segment is expected to grow at the fastest rate during the forecast period.
On the basis of geography, the “Asia-Pacific” region has risen to become the world's leading consumer and producer of construction sealants.
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Key questions answered in this report:
What is the market size and growth rate forecast for Construction Sealants industry?
What are the main driving factors propelling the Construction Sealants Market forward?
What are the leading companies in the Construction Sealants Industry?
What segments does the Construction Sealants Market cover?
How can I receive a free copy of the Construction Sealants Market sample report and company profiles?
Regional Dominance:
The Asia-Pacific region dominates the construction sealants market, owing to growing infrastructure and residential construction activities in developing countries such as China and India. Furthermore, improving economic conditions will boost demand for construction sealants in the region. Due to rising demand for infrastructure development and bio-based sealants, foreign investments due to cheap labor and raw material availability, government initiatives to improve manufacturing, and increasing rate of construction of end-use industries such as steel manufacturing plants, helicopter manufacturing plants, and oil processing plants, among others.
By Resin Type
Silicone
Polyurethane
Polysulfide
Plastisol
Emulsion
Butyl-based
Others (acrylic, epoxy, bitumen-based, and other hybrid sealants)
By Application
Glazing
Flooring & Joining
Sanitary & Kitchen
Others
By End-Use Industry
Residential
Industrial
Commercial
By Technology
Water-Based
Solvent-Based
Reactive
Others
By Function
Bonding
Protection
Insulation
Soundproofing
Cable Management
By Region
North America
U.S.
Canada
Rest of North America
Europe
France
UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Rest of Asia Pacific
The Middle East & Africa
Saudi Arabia
South Africa
Rest of the Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
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Report Scope
Report Attribute | Details |
Market Size in 2021 | USD 8,235.10 Million |
Projected Market Size in 2028 | USD 11,280.48 Million |
CAGR Growth Rate | 5.40% CAGR |
Base Year | 2021 |
Forecast Years | 2022-2028 |
Key Market Players | 3M (U.S.), Bostik (France), Sika (Switzerland), H.B. Fuller (U.S.), Henkel (Germany), BASF (Germany), Dow (U.S.), Wacker (Germany), General Electric (U.S.), MAPEI (Italy), Asian Paints (India), ITW (U.S.), Soudal (Belgium), Konishi (Japan), DAP Products (U.S.), Pidilite (India), KCC (Korea), Yokohama Rubber (Japan), Franklin (U.S.), Selena (Poland), Kömmerling (Germany), PCI (Germany), Hodgson Sealants (U.K.), Pecora (U.S.), Euclid (U.S.) , and Others |
Key Segment | By Resin Type, Application, End-Use Industry, Technology, Function, and Region |
Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options | Request customized purchase options to meet your research needs. |
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