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Global Construction Sealants Market Driven by Growing Number of Urban Construction Projects
MarketResearchReports.biz has added a new research report to its repertoire on the global industries of chemicals and materials. The latest report to be added is specifically directed at the adhesives industry, and is titled “Global Construction Sealants Market 2017-2021.” The report discusses the current scenario of the global construction sealants market and marks all the possible prospects of growth outlining the market. The report also pinpoints the areas of growth for the global construction sealants market over the coming years, based off the current findings on the market. The report makes use of the current sales reports that have been generated in the global construction sealants market to evaluate the overall size of the market.
According to the report, the global construction sealants market is expected to expand at an optimistic CAGR of 5.91% within the report’s forecast period from 2017 to 2021. The key factor propelling the growth of the global construction sealants market is stated to be the booming rate of construction activities in the world. The rate of urbanizations is increasing in all parts of the world and this growth rate is the most prominent in the emerging economies. Nations from Asia Pacific, Latin America, and the Middle East and Africa are showing extremely positive signs of improvement in urban and industrial infrastructure, thereby being direct promoters of the growth of the global construction sealants market.
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However, the global construction sealants market is currently being restrained by the fluctuations in the cost of raw materials required to manufacture construction sealants. The availability of the common raw materials used to manufacture construction sealants is not only unpredictable, but a bulk of these raw materials are also in demand from the energy sector, making it difficult for the global construction sealants market to procure a sufficient volume. The future of the global construction sealants market is expected to rely on one of the more niche trends of today: the growing demand for ecofriendly products. Adhesive sealants can be made with greener raw materials, which can increase the preference for these products by consumers, thereby promoting the growth of the global construction sealants market overall.
Sealants, known also as caulking agents, are valuable in filling empty spaces between joints in a mechanical structure in order to prevent the seepage of fluids or gases. Their primary utility arises in the construction industry, as a method of waterproofing parts of structures such as the sealing of bathrooms and roofs, windows and doors. They are also used for fireproofing certain areas of a building.
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The leading players in the global construction sealants market over recent times, have included 3M, Arkema, H.B. Fuller, Henkel, and Sika. The market has also been home to prominent players such as BASF, Cytec Solvay, DAP Products, Dow Corning, Franklin International, Momentive Performance Materials (Momentive), Pecora Corporation, PPG Industries, and Wacker Chemie.
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