Construction sealants market
Contents |
[edit] Introduction
Construction sealants provide extra flexibility, waterproofing, and reliability to the built environment. These sealants are used in a wide range of applications such as bathroom sealant, waterproofing, roof sealant, window sealant, fireproofing, and door sealant. They are used on construction projects ranging from small domestic renovations to river-spanning bridges and skyscrapers.
Construction sealants are used to block the transmission of sound, dust, moisture, heat air and so on. Different types provide specific properties of temperature stability, flexibility, chemical stability, weather resistance, long life and so on.
[edit] Growth factors
The use of construction sealants for flooring and expansion joints in infrastructure, housing, and commercial applications is driving the global construction sealants market. Increasing maintenance and renovation in the construction sector are also boosting growth.
Technological innovations focus on sustainable product solutions. However, strict regulatory intervention specifically for toxic residue and environmental impact may challenge product penetration and profitability.
[edit] Segmentation
The global construction sealants market is classified on the basis of applications as sanitary and kitchen, glazing, flooring and joining, and others. Of these, glazing is the dominating segment in the global market, whereas the flooring & joining application shows moderate growth due to rising urbanisation and growing government initiatives.
On the basis of resin type, the global construction sealants market is classified as polyurethane, silicone, polysulfide, and others. Of these, silicone sealants are the leading segment in the global market. Growth in the automobile, construction, and machinery industries is anticipated to propel the use of silicone sealants further.
[edit] Regional analysis
Asia Pacific is one of the leading markets for construction sealants owing to the fast growth of the economy. Additionally, rising demand for infrastructure development and bio-based sealants across the world positively impacts on the market. The Middle East and Africa is also growing at a faster rate due to an increasing double income, population.
South-East Asia and Latin America are emerging economies and may show significant growth in the next few years due to the growth of infrastructure development and rising demand for onsite applications.
The Eastern and Central European nations show considerable growth owing to improved purchasing power.
Developing countries such as India and China are spending significant amounts on the construction and automotive industries, which influences the sealants market.
[edit] Competitive players
Key players dominating the global construction sealants market are Dow Corning, Sika, Wacker, 3M, Franklin International, and Henkel A&G. Other players in the global market are DAP Products, ITW, and Bostik.
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