Press release
Construction Sealants Market 2018-2024| Key Players McCoy Soudal Sealants, Adhesives & Foams, Novagard Solutions, Inc, Hodgson Sealants Ltd, Shin-Etsu MicroSi, Inc., Bostik, 3M, H.B. Fuller, THE YOKOHAMA RUBBER CO., LTD.
Construction Sealants Market
Construction Sealants Market size is set to cross USD 6.5 billion at end of 2024.Growth in residential renovation and remodeling projects along with huge investments in this sector mainly in China & India should contribute towards construction sealants market size. Shifting trends towards smart energy saving modern construction projects along with rise in durable and minimal maintenance demand should favor product growth.
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Growth in residential renovation and remodeling projects along with huge investments in this sector mainly in China & India should contribute towards construction sealants market size. Shifting trends towards smart energy saving modern construction projects along with rise in durable and minimal maintenance demand should favor product growth.
Constriction Sealants Market, By Product
Silicones
Polyurethanes
Acrylic
Polysulfide
Butyls
Others
Construction sealants demand with respect to sanitary & kitchen applications may witness gains at above 3.1%. Wet areas including kitchen and bathrooms are exposed to high moisture content and may cause water leaks deteriorating building structure thereby promoting use of sealants for moisture curing.
Construction sealants demand with respect from weatherproofing application is anticipated to reach 115 kilo tons by 2024. The product blocks the apertures from the joints which restrict water ingression, dust, airborne contaminants along with easy application, UV protection long lasting protection and efficiency. Strong application in commercial construction bridges, airports, offices and institutions to ensure durability and longtime protection is likely to fuel product demand.
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India construction sealants market should witness strong gains at above 6%. Growth in construction spending due to finance availability & low labor & material costs is likely to positively impact regional product demand. Rising incidences of poor construction quality and deteriorating building structure may act as another contributing factor towards regional product demand.
Strict environmental norms by EPA and EU Commission related to emission & toxicity from sealants may challenge industry profitability. Fluctuating raw material prices owing to crude oil prices and usage in packaging, automotive and electronic industries may hamper industry growth thereby affecting construction sealants market price trend.
Acrylic construction sealants market should register strong gains up to 3.5%. It is widely used for windows, ceramic tiles, kitchen, bathrooms doors and wall filling owing to excellent adhesion, low cost and compatibility.
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Global construction sealant market share is fairly consolidated and competitive. Some industry participants operating in this market are Sika, 3M, Momentive, KCC Corporation and Bostik.
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