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Construction Sealants Market: Industry Demand, Analysis, Research, Type, Application and Global Forecast 2017-2024

01-24-2018 10:40 AM CET | Industry, Real Estate & Construction

Press release from: Data Bridge Market Research

/ PR Agency: Data Bridge Market Research
Data Bridge Market Research

Data Bridge Market Research

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.

Sealants, commonly known as caulking in the construction industry, are ubiquitously used to block dust, heat, sound, and fluid through apertures at joints in building structures. They display a number of properties and are particularly effective in waterproofing processes to provide a barrier for moisture in built structures. 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 include3M, 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.

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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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