Construction Sealants Market

Fatpos Global has released a report titled “Global Construction Sealants Market - Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030” which is anticipated to reach USD 16.22 billion by 2030. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 5.95% between 2020 and 2030. According to the report, the rising construction of residential and commercial buildings and the increasing demand for glazing and panels in new high-rise buildings are driving the demand for construction sealants. Furthermore, construction sealants provide safety and ease of application due to which their demand is anticipated to fuel in the coming years. Environmental concerns which are leading to the development of light and green buildings are expected to boost the global construction sealants market.

The market report on the Global Construction Sealants market includes in-depth insights as:

• The estimated value of the market was USD 9.1 billion in the year 2020.
• Region-wise, the market in the Asia Pacific, which held the largest market share of XX.X% in the year 2020, emerged as a key market for Construction Sealants Market.
• Based on Resin Type, Silicone emerged as a key segment in the global Construction Sealants Market.
• Based on Application, the glazing segment emerged as a key segment in the global Construction Sealants market, holding a market share of XX.X% in the year 2020.
• Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.

“Substantial growth in construction of the residential and commercial building is mounting the demand for construction sealants. Commercial projects include the construction of malls, apartments, shopping complexes, and centers which have further surged the demand for construction sealants. Construction sealants are used in glazing, flooring & joining, and sanitary & kitchen. They are used for glazing due to their long-lasting bond and rapid adhesion properties. The extensive utilization of sealants in the newer applications such as anchoring application, ductwork, and structural glazing in the construction industry is boosting the construction sealants market.”. Such a factor is aiding the market’s expansion”, said a lead analyst at Fatpos Global.

Sealant is a material that blocks the passage of fluids and other substances through the surface.  In construction, sealants are commonly known as caulking and are used to close openings between spaces that are small for other substances including timber, mortar, and concrete to be used. Construction sealants also block the passage of air, dust, and insects and act as a fire-stopping component. Construction sealants provide protection from environmental risks, leakage, and seepage as well as offer better performance and greater durability. Various types of sealants are available based on their characteristics – they can be strong or weak, temporary or permanent, and flexible or rigid.  Construction sealants offer reliable, flexible, and waterproof joints for a wide range of applications such as glazing, roofing, and flooring.

The global construction sealants market is segmented by Resin type into Silicone, Polyurethane, Polysulfide, and others. The silicone segment held the largest market share of XX.X% in the year 2020. Silicone sealants are commonly used for glazing, kitchen, and bathroom applications. Silicone sealants are popular for effective sealing as well as weatherproofing joints of structural components. These sealants are pliable and do not crack in warm weather or become stiff in cold weather due to which their demand is boosted.

Key Players

Some of the key players operating in the global Construction Sealants market are Sika AG, 3M, BASF SE, H.B. Fuller Company, Cytec Solvay Group, General Electric Company, PPG Industries Inc., Arkema Group, Master Bond Inc., DAP Products Inc, Henkel.

Get Valuable Insights into Global Construction Sealants Market

In the new report, Fatpos Global thrives to present an unbiased analysis of the global Construction Sealants market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2030. The study includes compelling insights into the growth that is witnessed in the market. The market is segmented by Resin Type into Silicone, Polyurethane, Polysulfide, and others. The market is bifurcated by technology into water-based, solvent-based, reactive, and others. Based on Function, the market is segmented into Bonding, Protection, Insulation, Soundproofing, Cable Management, and Others. By application, the market is divided into Glazing, Weatherproofing, Flooring & Joining, Sanitary & Kitchen, and Others. Based on end-user, the market is segmented into Residential, Industrial, Commercial, and Others. Geographically, the market is segmented into North America, Latin America, Europe, APAC, and MENA.