“The report covers the global construction sealants market and further segments the market on the basis of type, technology, application, and region. The market data for these types is given with respect to volume (thousand tons) and value ($million). The global market value of construction sealants was estimated to be about $8.93 billion in 2020 and is projected to grow at a CAGR 5.59% between 2015 and 2020. The data mentioned in the report are based on the global demand for construction sealants.
The construction sealants market has been analyzed based on the Porterâs five forces model. This gives an idea about the current proceedings in the industry at commercial level. The study provides the value chain analysis with respect to the technology providers, construction sealants producers, construction chemical manufacturers, and end-user industries. The value chain describes the key contributors to the construction sealants market at different stages from product development to end use. It represents the top players which are contributing to the global construction sealants industry.
The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as government regulatory support, public awareness, application growth for construction sealants in Asia-Pacific especially in China and India where there is robust growth in the housing and commercial followed by infrastrucutre industry. The economic slowdown in Europe and U.S. also affected the economy of other developed countries and the price volatility of the sealants in the past made the market more strained for the construction applications.
The global construction sealants market is also classified based on different applications. The important applications include glazing, flooring and joining, sanitary and kitchen, and others. The glazing and flooring & joining applications are expected to show moderate growth in the future due to the urbanization and growing government initatives.
The key companies in this market are 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), Dow Corning (U.S.), and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. New product development and acquisitions were the most preferred strategies by the top players in 2013 that were driving the demand of construction sealants. Their strategy to capture the untapped market in developing economies includes expansion, partnership and investments.
The Asia-Pacific region emerged to be the driving factor for this market, contributing for about 39.82% of the global demand in terms of market share in 2015, by volume. China is the leading country in the consumption of construction sealants, due to the increased demand of the infrastructure development, maintainance and renovation. The important emerging economies such as Brazil, Qatar, India, Argentina, and others are further lined up for a brighter future in this market.
The report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, investments & expansions, new product launches, partnerships, agreements & collaborations undertaken by the leading construction sealants companies in the past few years. Furthermore, different construction sealants market participants are also profiled in the report.
Scope of the report
The report segments the global construction sealants market as:
The global construction sealants market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.
On the basis of Application:
â¢ Flooring and Joining
â¢ Sanitary and Kitchen
On the basis of type:
On the basis of region:
â¢ North America
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