Construction Sealants Market Research Report to 2019 | Industry Growth Share and Global Analysis by Forecast 2024
According to a new research report.
Construction Sealants Market 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. Shifting trends towards smart energy
saving modern construction projects along with rise in durable and minimal
maintenance demand should favor product growth.
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.
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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.
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report @ https://www.gminsights.com/industry-analysis/construction-sealants-market
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.
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.
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.
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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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Construction Sealants Market Research Report to 2019 | Industry Growth Share and Global Analysis by Forecast 2024
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Reviewed by GMI
on
November 21, 2019
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