Construction Sealants Market statistics and research analysis released in latest report
Construction Sealants Market has been experiencing
exponential growth since the last few years, driven by the fact that sealants
effectively protect buildings against external corroding forces and seal off
apertures that can cause a building to lose its heating or cooling capacities.
Riding mainly on the parameter of
energy efficiency, construction sealants market size is likely to increase
massively over the next few years, given that these sealants help fend off
dust, pollution, noise and other undesirable elements out of the building. With
the industrial, commercial and residential construction spheres expanding at an
appreciable rate, it is inevitable for the revenue graph of construction
sealants industry to depict an upward trajectory as well. Reliable statistics
stand testimony to the aforementioned fact – in 2016, construction sealants
market size was pegged at USD 4.5 billion, and is expected to uphold an equally
impressive revenue projection in the forecast period of 2017-2024.
Government initiatives for
decreasing emissions and establishing a greener planet is one of principal
driving forces of construction sealants market, given that efficient sealing
provides better insulation, thereby saving energy. Increase in consumer
awareness regarding energy conservation for lower power bills has also
stimulated the construction sealants market.
It is important to note that
construction sealants are not effective for merely energy conservation but also
noise reduction and moisture control. With massive growth in urbanization and a
subsequent change in home construction styles, consumers are increasingly
preferring to keep the bustle of the city out of their homes, the necessity of
which is fulfilled with the help of proper sealings. Wet areas in the building such as bathrooms
and kitchens also require effective sealing so that the moisture from these
areas does not damage the other areas of the building.
On that note, it is prudent to
mention that construction sealants industry is expected to register a CAGR of
3.1% from the kitchen and sanitary sealing segment. Apart from wet area
sealings, application of sealants in flooring and joining is also expected to
bolster the growth of construction sealants market. In fact, as these
heavy-duty sealants provide high mechanical resistance and effective moisture
barrier, in addition to ensuring compatibility between different building
materials, construction sealants market size from flooring & joining
applications has been forecast to record a growth rate of 4% over 2017-2024.
With the surge in modernized
designs and evolving aesthetics, buildings are being made of not only
traditional materials but with a mixture of glass, aluminum and steel that
require different sealing techniques than their predecessors. Therefore, the
construction sealants industry is receiving major stimulus from the structural
glazing application of sealants that is projected to exceed $3 billion by 2024.
Structural glazing provides ease of application of construction sealants over
glass, windows and aluminum structural parts. Furthermore, they are
eco-friendly and cost effective, providing a further stimulus to construction
sealants market share.
Construction sealants market is
projected to witness major growth in Asia Pacific, given the fact that the
continent is one of the pivotal hubs for the growth of the construction
industry, especially across the emerging economies of China and India.
Financial assistance provided by the regional governments and the rising living
standards have stimulated the commercial as well as residential construction
industry in these countries, which has in turn stimulated the construction
sealants market. As per estimates, APAC construction sealants industry is
predicted to surpass USD 2.5 billion by 2024.
Reasonably speaking, there are
indeed, other materials that can make buildings more corrosion resistant and
increase water impermeability. However, construction sealants are still a
highly favored option as they have a lower VOC content and are more flexible in
their structure. Key industry players like 3M, Sika AG, Dow Corning, Bostik and
Tremco are conducting extensive research and development programs to bring
better construction sealants to the market that will be more elastic in nature
and will allow joint movements, more gap filling and have a quick drying time.
With expansion of the construction industry and addition of innovative sealant
types, construction sealants industry is projected to witness consumption of
over 700 kilo tons by 2024.
Read
Our Blog:
http://www.thecampingcanuck.com/
http://marketnewsforecast.blogspot.com
https://marketnewswire.wordpress.com
http://marketnewsforecast.blogspot.com
https://marketnewswire.wordpress.com
About
Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
Contact
Us:
Construction Sealants Market statistics and research analysis released in latest report
Reviewed by Pradip Varpe
on
January 30, 2018
Rating:
Reviewed by Pradip Varpe
on
January 30, 2018
Rating:
No comments