The Construction Sealants Market Research Report Forecast 2018-2024 is a valuable source of insightful data for business strategists. It provides the Construction Sealants Market industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis.Construction Sealants Market has arguably received much of an attention lately than ever in the past few years.
Shifting trend toward smart energy saving construction, increasing volume of high rise projects, and governmental implementation of stringent regulations with regards to solvent emissions are some of the major determinants driving the commercialization matrix of construction sealants industry. As claimed by Global Market Insights, Inc. the overall business space which was pegged at USD 4.5 billion in 2016, in all plausibility, would surpass a valuation of USD 6.5 billion by 2024.
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Construction Sealants Market may surpass USD 6.5 billion by 2024; according to a new research report.
Positive outlook in residential and commercial infrastructure in China and India due to low VOC content, adhesion insolubility, and corrosion resistance accompanied with compliance to green building standards would boost construction sealants market demand. Sealants, also termed as caulking in construction sector which are used to block heat, dust, fluid, and sound in the building structures.
Rise in per-capita disposable income and increasing standard of living is likely to boost renovation projects and residential construction may further stimulate industry growth. Construction sealants provides long life to building structures by preventing from airborne contaminants and rain.
Silicone based construction sealants market may register gains at over 4% over the forecast timeframe. Properties such as high strength, flexibility, excellent durability, UV and moisture resistance along with rising consumer awareness about environment issues and shifting trends towards green construction materials should drive industry growth.
Polyurethane (PU) based construction sealants market is likely to surpass USD 2 billion by 2024. Strong application scope in flooring and joining for bridges, tunnels and bridges due to its excellent mechanical resistance may help withstand smoke, water, cracking, and UV degradation which may stimulate industry growth.
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Increasing application outlook in structural glazing owing to its ease of usage on aluminum, glass, windows, safety user friendly dispensing and cost effectiveness should drive industry growth. Structural glazing applications from construction sealants market is poised to exceed USD 3.1 billion over the foreseeable timeframe. Shift in consumer trends towards modern infrastructure along with rise in economic standards should propel product demand.
Construction sealants market demand from flooring & joining applications may witness gains at over 4% up to 2024. The product provides high moisture vapor barriers, mechanical resistance, and compatibility with various infrastructure materials. Rising durable heavy-duty sealants demand for commercial and residential infrastructure buildings should promulgate the industry growth.
While construction sealants market giants seek immense growth in the years ahead, a wide array of daunting challenges is expected to hinder the business expansion to some extent, stringent environmental norms implemented worldwide with regards to toxicity and emission levels being at the pinnacle. While the underlying environmental and health benefits of these reforms are hard to ignore, higher cost associated with mandating these compliances as well fluctuating raw material price trends are somewhat deterring small companies from entering the business space.
Europe, led by UK, France, Italy, Russia and Germany construction sealants market may register gains at over 3% during the foreseeable timeframe. Increasing construction spending in residential sector owing to massive movement of migrants to western countries may stimulate regional industry growth. Strict regulations by EU towards toxicity and VOC emission for building structures has led to adoption of ecofriendly bio-based products, further boost industry growth in the region.
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Asia Pacific led by India, Japan, Malaysia, China construction sealants market is poised to surpass USD 2.7 billion over the forecast period. Rising urbanization, increasing per capita income and increasing spending on housing infrastructure should drive product demand in the region. Moreover, government spending in various infrastructure projects should stimulate
Global construction sealants market share is moderately consolidated with prominent players including H.B. Fuller, KCC Corp., Sika AG, Alchimica, 3M, Alstone, Pecora Corporation, Dow Corning, Bostik