PUNE, India, October 4, 2017 /PRNewswire/ --
The report "Construction Sealants Market by Resin Type (Silicone, Polyurethane, Polysulfide), Application (Glazing, Flooring & Joining, Sanitary & Kitchen), and Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2022", published by MarketsandMarkets™, the market is estimated to be USD 7.54 Billion in 2017 and is expected to grow at a CAGR of 5.6% from 2017 to 2022, in terms of value. Construction sealants are widely used in the building & construction industry. Owing to the ongoing trend in the construction industry to reduce the overall weight for ease of transportation and improve the durability of the finished products, the demand for construction sealants is increasing for sealing & joining applications. These applications utilize the flexibility and elongation characteristics of construction sealants to seal concrete joints in commercial buildings, highways & bridges, and houses.
Browse 113 Market Data Tables and 41 Figures spread through 189 Pages and in-depth TOC on "Construction Sealants Market"
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Glazing application segment is projected to lead the Construction Sealants Market during the forecast period
Glazing, in general, refers to a part of the window, facade panels, rain screens, wall, railroad, door, storefront, and entrance made of glass, which is sealed with sealants. Sealants for glazing are used to enhance building design, flexibility, improve aesthetics, durability, longevity, UV and weather resistance, load-bearing capacity, thermal stress, and low shrinkage. There is an increasing demand for sealants, which can provide flexibility and resist cracks under extreme weather conditions in houses, hospitals, schools, public buildings, and entertainment parks. Polyurethane sealants are used for assembling, installing, and repairing glass. They can either be used for structural glazing or conventional glazing depending on the requirement of the application.
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Asia-Pacific, South America, and the Middle East & Africa are the fastest-growing Construction Sealants Markets in the glazing application due to ongoing investments in infrastructural development, increasing urbanization, and rising standards of living in emerging countries such as India, China, Vietnam, Bangladesh, Indonesia, Iran, and Brazil. The Asia-Pacific Construction Sealants Market in the glazing application is mainly influenced by the growing housing sector, ongoing urbanization, rising income levels, and favorable government policies.
Based on resin type, the silicone segment is expected to grow at the highest CAGR during the forecast period
Based on resin type, the silicone segment is expected to grow at the highest CAGR during the forecast period. Silicone sealants are widely used in glazing, bathroom, and kitchen applications. The increasing use of silicone sealants for joining dissimilar materials, which provides weather protection to high-rise buildings and flexibility for airport runways and highways, as these sealants remain pliable and do not crack in warm weather or become brittle and crack in cold weather, is driving the market.
The Construction Sealants Market in Asia-Pacific is witnessing rapid growth driven by significant economic progress and infrastructural development in various countries across the region. Increasing building & construction activities in the region are expected to propel the demand for construction sealants in the Asia-Pacific region.
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Key market players in the Construction Sealants Market
Key players in the Construction Sealants Market 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), Yokohama Rubber (Japan), Franklin (U.S.), Selena (Poland), Kömmerling (Germany), PCI (Germany), Hodgson Sealants (U.K.), Pecora (U.S.), and Euclid (U.S.).
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