( PR4US.com | Press Release | 2017-03-10 23:52:00 )
The report “Construction Sealants Market by Resin Type (Silicone, Polyurethane, Polysulfide, and Others), by Application (Glazing, Flooring and Joining, Kitchen and Sanitary, and Other Applications) by Region - Global Forecasts to 2020” report analyzes the global construction Sealants market with respect to market drivers, restrains, opportunities, and challenges, in different regions.
Browse 73 market data tables and 59 figures spread through 150 pages and in-depth TOC on “Construction Sealants Market by Resin Type (Silicone, Polyurethane, Polysulfide, and Others), by Application (Glazing, Flooring and Joining, Kitchen and Sanitary, and Other Applications) by Region - Global Forecasts to 2020"
The global construction sealants market is significantly penetrating in the flooring and expansion joining area for housing, commercial, and infrastructure applications. The characteristics of the end products differ as per the requirement of end-user industries and for different applications. The Asia-Pacific region is the fastest growing segment of the global construction sealants market and is mainly attributed to high economic growth rate followed by growing demand for biobased sealants, rising demand from infrastructure development, maintenance and renovation which is eventually driving the construction sealants industry. The Asia-Pacific and RoW markets are estimated to show a excellent growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.
The Eastern and Central European nations, emerging South-East Asian, and Latin American nations that will host the future global events would supplement the growth of infrastructure development, followed by rising demand from onsite applications which will directly boost the demand for the construction Sealants.
The construction sealants demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.
The global market value of the construction sealants market was estimated to be around $8.93 Billion in 2020 and is projected grow at a CAGR of around 5.59% between 2015 and 2020. The high demand for the sealants across the housing, commercial, and infrastructure industry will increase the overall construction sealants consumption.
Currently, the Asia-Pacific region is the largest consumer of construction sealants is estimated to grow at the highest CAGR. The countries such as China, Japan, and India is expected to lead the Asia-Pacific market, with China having the largest share in the regional volumetric consumption of construction sealants. The market volume of construction sealants is comparatively low in the RoW region, but the estimated growth for the region is second highest after Asia-Pacific.
The North America and the Europe regions are the most active markets in terms of strategic initiatives, owing to their market demands. The housing maintainance and renovation in these markets has led the rapid growth in the market.
The significant construction sealants manufacturers are 3M (U.S.), Henkel A&G (Germany), Sika (Switzerland), Bostik (France), H.B. Fuller (U.S.), Franklin International (U.S.), DAP Products (U.S.), ITW (U.S.), Wacker (Germany), and Dow Corning (U.S.).