Persistence Market Research
Sealants have been utilized for various purposes for a long time now. Construction sealants are essentially a high performance compound which has expensive ingredients, offers excellent weathering and UV resistance, little shrinkage and provides long service life cycles i.e. 10-20 years. Sealants are commonly known as caulking in the construction industry and are used to block heat, sound, dust and fluid with apertures in building structures. Constructions sealants offer flexibility, reliability and water proofing joints to a broad range of applications, such as glazing, roofing, flooring, and sanitary, etc. Also, they provide value added benefits in terms of protection from environmental threats, seepage and leakage as well as improved performance and greater durability. Construction sealants can also provide thermal and acoustic insulation and can also be utilized as fire barriers. Bitumen and Asphalt are the naturally occurring construction sealants and have been utilized as sealant for many centuries.
There are various types of construction sealants available in the market which include silicone- and polyurethane-based sealants, polysulfide, acrylic latex, synthetic rubber and bituminous sealants, etc. Polyurethane-based sealants are the most widely utilized sealants across the globe owing to their various advantages, such as high resistance to UV, temperature ratings, etc. Further, polyurethane creates an elastic and tough seal on various materials, such as wood, masonry, metals etc.
Global Construction Sealants Market: Segmentation
The global Construction Sealants market can be segmented on the basis of type and application.
On the basis of resin type, the global construction sealants market can be segmented into:
On the basis of application, the global construction sealants market can be segmented into:
Global Construction Sealants Market: Dynamics
There has been substantial growth in the construction of residential and commercial building structures across the globe, which in turn, will boost the demand for flooring and expansion jointing activities and also propel the demand for construction sealants in near future. Furthermore, environmental concerns are leading to the development of green buildings, which will eventually lead to substantial demand for construction sealants across the globe
On the other hand, stringent governmental regulations across various countries regarding volatile organic compounds emission is one of the major challenges for market growth. Impregnated foam tapes are an attractive alternative to traditional silicone sealants for installers and architects looking for long-lasting sealing around doors and windows.
Global Construction Sealants Market: Regional Outlook
Globally, the Construction sealants market is dominated by the Asia-Pacific region owing to the growing infrastructural as well as residential construction activities in developing countries, such as China and India. Further, bettering economic conditions will also support the demand for construction sealants in the region. Middle East & Africa is expected to grow at a fast rate in the market owing to the growing population, increasing per-capita income, which in turn, will boost commercial as well as residential activities and hence, support the demand for constructions sealants in the region. North America and Europe are expected to show moderate growth in the market in near future. Latin America is anticipated to show steady growth over the forecast period. Owing to increasing industrialization and urbanization, Brazil and Mexico are expected to contribute significantly to the Latin American market.
Global Construction Sealants Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Construction Sealants market include Sika AG, BASF SE, H.B. Fuller Company, Cytec Solvay Group, General Electric Company, PPG Industries, Inc., 3M, Arkema Group, Master Bond Inc., DAP Products Inc. and others.
Prominent manufacturers of construction sealants have been focusing on the introduction of new and advanced products alongside reducing production cycle time and cost to enhance their market presence. Further, the global construction sealants market is one of the most fragmented market owing to the presence of a large number of global as well as regional players across the globe.
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