Construction Sealants Market by Resin Type, Application And Region - Global Forecast to 2022
LONDON, Oct. 11, 2017 /PRNewswire/ -- Download the full report: https://www.reportbuyer.com/product/5138391
The construction sealants market is estimated to be USD 7.54 billion in 2017 and is projected to reach USD 9.92 billion by 2022, at a CAGR of 5.6% from 2017 to 2022. The market is mainly driven by factors such as increased demand for construction sealants in residential housing and infrastructure markets, rising demand from developing countries, as construction sealants bonding provides safety and ease of application and increasing demand from glazing and panels in new high-rise buildings. However, environmental regulations in North American and European countries may restrain the growth of the market.
"Based on resin type, the silicone segment is estimated to lead the construction sealants market during the forecast period."
Silicone sealants are widely used in glazing, bathroom, and kitchen applications. The increasing use of silicone sealants in expansion joints for joining dissimilar materials, which provide weather protection to high-rise buildings and flexibility for airport runways and highways, as these sealants remain pliable and do not crack in warm weather or become brittle and crack in cold weather, is driving the market.
"Rising demand for construction sealants in the Middle East & Africa is driving the market in the region."
The Middle East & Africa is expected to witness moderate growth in the coming years. Building & construction is expected to emerge as a key sector in the region. Several leading global players have established their manufacturing plants in the Middle East & Africa to cater to the growing demand for construction sealants in the region.
The demand for high-performance, cost-effective, and environment-friendly building products continues to increase, as the building & construction industry adapts to meet challenges related to energy efficiency, economic constraints, and demand for high-end structures.
The construction sealants market in the Middle East & Africa region is driven by a rise in infrastructural projects, untapped growth potential in growing economies, and increasing urbanization. Growth in middle-class population and rise in demand for new houses due to the increasing number of nuclear families is fueling the construction sealants market in the region. Rising urbanization across the Sub-Saharan Africa and long-term demographic growth have driven the construction sealants market in the region.
Breakup of primary interviews:
-- By Company Type - Tier 1 - 42%, Tier 2 - 25%, and Tier 3 - 33%
-- By Designation - C level - 36%, D level - 19%, and Others - 45%
-- By Region - Europe - 42%, North America - 25%, Asia-Pacific - 17%, South America - 8%, and the Middle East & Africa - 8%
Key companies profiled in this report are 3M (U.S.), Bostik (France), Sika (Switzerland), H.B. Fuller (U.S.), Henkel (Germany), BASF (Germany), Dow (U.S.), Wacker (Germany), General Electric (U.S.), MAPEI (Italy), Asian Paints (India), ITW (U.S.), Soudal (Belgium), Konishi (Japan), DAP Products (U.S.), Pidilite (India), KCC (Korea), Yokohama Rubber (Japan), Franklin (U.S.), Selena (Poland), Kömmerling (Germany), PCI (Germany), Hodgson Sealants (U.K.), Pecora (U.S.), and Euclid (U.S.).
Research Coverage
The construction sealants market report covers segmentations, which include by resin type (silicone, polyurethane, polysulfide, and others), and application (glazing, flooring & joining, sanitary & kitchen, and others). The application segments have been further analyzed for each country across regions.
Reasons to buy the Report
From an insight perspective, this research report has focused on various levels of analyses--industry analysis (industry trends), market share analysis of top players, value chain analysis, and company profiles, which together comprise and discuss the basic views on competitive landscape, emerging and high-growth segments of the construction sealants market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
-- Market Penetration: Comprehensive information on construction sealants offered by the top players in the global construction sealants market
-- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the construction sealants market
-- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for construction sealants across regions
-- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global construction sealants market
-- Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global construction sealants market
Download the full report: https://www.reportbuyer.com/product/5138391
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
https://www.reportbuyer.com
For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
Tel: +44 208 816 85 48
Website: www.reportbuyer.com
View original content:http://www.prnewswire.com/news-releases/construction-sealants-market-by-resin-type-application-and-region---global-forecast-to-2022-300534857.html
SOURCE ReportBuyer
