Construction Sealants Market report for 2024 – Companies, applications, products and more
Construction
Sealants Market to cross USD 6.5 billion at end of
2024; according to a new research report by Global Market Insights, Inc.
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.
U.S. construction sealants demand from flooring &
joining applications may surpass USD 250 million during forecasted timeframe.
Growing demand from construction repair, alteration and restoration projects
along with adoption of green building concept owing to mandatory environmental
policies should drive regional product demand.
Rise
in consumer inclination towards green building owing to growing environmental
concerns should positively influence product demand. These products offer
minimal VOC content, less toxicity reduced cost by controlling energy
consumption which reduces adverse effects on environment. Increasing R&D
spending to formulate biomass based sealants using soy from renewable
technology is likely to act as another driving factor towards industry growth.
Polyurethane
construction sealants market is anticipated to exceed USD 2 billion at end of
2024. The product proves to have wide application scope in flooring &
joining for public infrastructure including roads, bridges and tunnels owing to
its excellent mechanical resistance which helps them to withstand water, smoke,
UV degradation, cracking and yellowing thereby stimulating industry
growth.
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.
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.
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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Construction Sealants Market report for 2024 – Companies, applications, products and more
Reviewed by Pradip Varpe
on
December 26, 2017
Rating:
Reviewed by Pradip Varpe
on
December 26, 2017
Rating:
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