Global Construction Sealants Market

Global Construction Sealants Market Size, Share, Growth Analysis, By Resin Type(Silicone sealant, Polyurethane sealant), By Technology(Water-based, Solvent-based) - Industry Forecast 2024-2031

Report ID: SQMIG15F2154 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 67 | Figures: 81

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FAQs

Global Construction Sealants Market size was valued at USD 8.23 billion in 2021 and is poised to grow from USD 8.89 billion in 2022 to USD 12.85 billion by 2030, at a CAGR of 6.09% during the forecast period (2023-2030).

The Global Construction Sealants Market features a competitive landscape with several key players vying for market share. The competitive landscape market offers comprehensive information on various competitors. This includes an overview of the company, financial details, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product range, application dominance, and other relevant data points related to the companies' focus on the construction sealants market. 'Electrometallurgical Plant (Russia)', '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.)', 'Euclid (U.S.)'

The increasing demand for global construction sealant market is primarily driven by the growing utilization of sealants for flooring and expansion jointing in both commercial and residential building structures. This trend is particularly prominent in emerging economies where there is a rapid development of residential buildings. Moreover, increasing environmental concerns and the push for sustainable practices have led to the development of lightweight and green buildings, resulting in significant demand for construction sealants worldwide.

Growing Demand for Eco-friendly Products: The key trend in the global construction sealants market is the growing demand for eco-friendly and sustainable sealant products. With increasing awareness about environmental concerns and the need to reduce carbon footprints, construction companies and consumers alike have been shifting towards sealants made from renewable or recycled materials. Additionally, there has been a rising emphasis on low VOC (volatile organic compound) and solvent-free sealants, which contribute to better indoor air quality and healthier living environments. This trend is driven by a combination of regulatory pressures, changing consumer preferences, and the construction industry's commitment to adopting more environmentally responsible practices.

The Asia-Pacific region dominates the global Construction Sealants market and is expected to maintain its leading position in the coming years. Rapid industrialization, urbanization, and infrastructure development in countries like China, India and Indonesia have fueled the demand for Construction Sealants in the region. These nations are witnessing substantial growth in construction activities, contributing to the region's dominance in the market.

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