12-Jul-2021 | Zion Market Research
Major companies in Construction Sealant Market are 3M, Bostik, Sika, H.B. Fuller, Henkel, BASF, Dow, Wacker, Asian Paints, DAP Products, Pidilite, and KCC amongst others. These players are set to bolster the development of global construction sealants market.
According to analysts at Zion Market Research, the global construction sealants market accounted for more than USD 6.5 Billion in 2020 and is expected to reach more than USD 10.4 Billion by 2028, growing at a CAGR of 6.1% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Construction Sealants Market By Resin Type (Silicone, Polyurethane, Polysulfide and Others), By Technology (Water-based, Solvent-based and Others), By Application (Glazing, Flooring and Joining, Roofing and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Increased demand, Growing Disposable Income and Growing Environmental Concerns To Spur Growth
“Increased demand, growing disposable income and environmental concerns are driving the development of green buildings will garner the growth for construction sealants market in the years ahead,” says the author of this study. The development of residential and commercial building structures has increased significantly around the world, which will boost demand for flooring and expansion jointing activities, as well as accelerate need for construction sealants in the near future. Furthermore, environmental concerns are driving the development of green buildings, which will result in a significant increase in demand for construction sealants all over the world.
Furthermore, improving living standards, along with easy financial assistance, have led to a growth in residential building and renovation projects, as well as an increase in demand for high-strength and long-lasting public infrastructure, development of energy-efficient building projects, and an increase in maintenance and renovation. In addition, rising demand for low VOC, green, and sustainable sealants provides lucrative potential for construction sealants companies.
The Global Construction Sealants Market is exhibiting a business landscape that is highly competitive in nature, due to the presence of a large number of market players, finds a new research report by Zion Market Research (ZMR). 3M, Bostik, Sika, H.B. Fuller, Henkel, BASF, Dow, Wacker, Asian Paints, DAP Products, Pidilite, and KCC.are some of the key manufacturers of construction sealnats across the world. These players across the global market are adopting strategic acquisitions are the most common way to enhance their production capacity and distribution network.
In December 2020, the acquisition of firm named Gabriel Performance Products in North America was announced by Huntsman Corporation. Gabriel Performance Products specializes in specialty adhesives, sealants, coatings, and epoxy curing agents. The said acquisition shall broaden the specialty portfolio and boost the adhesives and sealants market value.
Increased Demand, Low Labor Costs and Government Initiatives to Support Asia Pacific Growth
Regionally, Asia Pacific has been one of leading the worldwide construction sealants market and is anticipated to continue to grow in the years to come, states the construction sealants market study. This surge is due to the increased demand from infrastructure development and bio-based sealants, foreign investments due to low labor costs and abundant raw materials. In addition to these factors, government initiatives to enhance manufacturing and the increasing rate of construction of end-use sectors such as steel mills, manufacturing plants, factories, and oil refineries, among others would drive growth in the coming years.
Browse the full “Construction Sealants Market By Resin Type (Silicone, Polyurethane, Polysulfide and Others), By Technology (Water-based, Solvent-based and Others), By Application (Glazing, Flooring and Joining, Roofing and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/construction-sealants-market
The construction sealants market is segmented as follows:
By Resin Type
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