Press release
Construction Sealants Market Produced For USD 7.25 Billion And Is Looking To Grow At A CAGR Of 5.8% During 2024
Construction Sealants Market
The Global Construction Sealants Market accounted for USD 7.25billion in 2016 and is projected to grow at a CAGR of 5.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Construction Sealants Market
Sealants can provide acoustic and thermal insulation and can also be used as fire barriers.There is a growing demand for construction sealantsin glazing, flooring & joining and sanitary & kitchen activity, which is expected to be one of the major drivers of the market over the next seven years.
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Major Market Drivers:
Demand ofconstruction sealants in residential housing and infrastructure sectors
Construction sealants bonding provides safety and ease of application
Hughdemand from glazing and panels in new high-rise buildings
Market restraint:
Stringent environment regulation
Market Segmentation: Global Construction Sealants Market
The construction sealants market is segmented on the basis of resin typeinto Silicone, Polyurethane, Polysulfideandothers. Silicone is further sub segmented into one-component and two-component. Polyurethane is further sub segmented into one-component and two-component. Polysulfide is further sub segmented into one-component and two-component.
On the basis of application, the market is segmented intoglazing, flooring & joining, sanitary & kitchenand others.
On the basis of geography, the construction sealants market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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Competitive Landscape: Global Construction Sealants Market
The global construction sealants market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Construction Sealants Market
Some of the major players in construction sealants market include 3M, Asian Paints, BASFSE, Bostik, Dap Products Inc., Franklin International, General Electric, H.B. Fuller Company, Henkel AG & Co. KGaA, Hodgson Sealants, ITW Polymer Sealants North America, KCC Corporation, KÖMMERLING CHEMISCHE FABRIK GMBH, Konishichemical indCo., Ltd., MAPEI Corporation, PCI Augsburg GmbH, Pecora Corporation, Pidilite Industries Limited,Selena Group, Sika Ag,Soudal Inc., The Dow Chemical Company, The Euclid Chemical Company, The Yokohama Rubber Co., Ltd., Wacker ChemieAG and many more.
Research Methodology: Global Construction Sealants Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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