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Construction Sealants Market Size

Name: Construction Sealants Market Share | 2024 Industry Statistics
Creator: Global Market Insights
License: https://www.gminsights.com/privacy-policy

Report ID: GMI2249
Published Date: Nov 2017
Report Format: PDF

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Construction Sealants Market Size

Construction Sealants Market size was above USD 4.5 billion in 2016 and industry expects consumption of over 700 kilo tons by 2024.

U.S. Construction Sealants Market By Application

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Increasing application scope in residential & public infrastructure mainly in India and China owing to low VOC content, corrosion resistance, adhesion insolubility along with compliance to green building norms should drive construction sealants market size. China construction spending was over USD 1.5 trillion in 2014. Sealants are semi- solid chemicals which are widely used in construction industry to block dust, sound, heat and fluid through apertures at the joints in the building structure. It also provides longer life span, waterproofing, reliability to building construction.

Rising living standards along with easy financial assistance has led to increase in residential construction and renovation projects which is likely to drive construction sealant market demand. Global construction spending was at over USD 9 trillion in 2014 and poised to surpass USD 11.5 trillion by 2020. Construction sealants prevents building structure from rain and airborne contaminants thus enhancing structural strength and increasing longevity. Growth in demand for high strength and durable public infrastructures prominently in India and China may act as another contributing factor towards construction sealants market demand.

Growing investments in research to develop energy smart construction projects should have positive impact on industry growth. Positive outlook in development of bio based sealants by using natural oil based polyols along with renewable resource technology which offers high performance, improved water resistance, good adhesion and high flexibility may favor construction sealants market size.

Construction Sealants Market Report Attributes
Report Attribute	Details
Base Year:	2016
Construction Sealants Market Size in 2016:	4.5 Billion (USD)
Forecast Period:	2017 to 2024
2024 Value Projection:	6.5 Billion (USD)
Historical Data for:	2013 to 2016
No. of Pages:	190
Tables, Charts & Figures:	168
Segments covered:	Product, Applications, and Region
Growth Drivers:	North America: Growing demand for glazing panels in high rise buildings Europe: Growing demand for environment complaint products like low VOC, green & sustainable sealants Asia Pacific: Increasing spending for infrastructural development LATAM: Adoption for modern construction methodology MEA: Positive outlook from new construction projects
Pitfalls & Challenges:	Stringent environmental regulations in Europe and North America

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Stringent environmental policies in Europe and U.S. regarding toxicity and emission may limit industry profitability. However, manufacturers focus and adoption towards bio based sealants which may reduce environmental impact should fuel product demand.

Key raw materials used in manufacturing includes silicones and polyurethane. Volatility raw material prices due to wide unstable crude oil prices accompanied with wide application across other industries including electronics, automotive, and packaging industries likely to affect raw material availability and thereby impacting construction sealants market price trends.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The overall construction sealants market acquired a revenue share of 4.5 Billion (USD) in 2016.

The registered value for construction sealants market was 4.5 Billion (USD) in 2016.

Strict green building norms and expanding application scope across residential as well as public infrastructure in China and India owing to properties such as adhesion insolubility, corrosion resistance, and low VOC content would drive the demand for construction sealants.

Volatile raw material prices owing to unstable crude oil prices and widescale use across industries such as automotive, electronics, and packaging industries is expected to impede product availability over the coming years.

According to Global Market Insights, Inc., the structural glazing application segment is expected to surpass a $3 billion valuation by 2024 owing to shifting construction trends towards modern architecture with better aesthetics.

The APAC led by Japan, India, and China is creating immense demand for construction sealants owing to the rising infrastructural spending in the region.