Report Scope & Overview:
Construction Sealants Market is assessed to USD 9.09 billion by 2022, at a CAGR of 5.8% during the figure time frame. The base year considered for this study is 2022 and the gauge period is from 2023 to 2030 assessed to reach 14.28 billion by 2030.
Sealants are used to prevent dust, heat, sound, and fluid from entering building structures through apertures. These are well-known for their effectiveness in waterproofing operations because they act as a moisture barrier in built buildings. Acoustic and thermal insulation, as well as fire barriers, are all provided by these materials. Commercial and residential infrastructure benefit from additional waterproofing, reliability, and flexibility provided by construction sealants. Roof sealant, window sealant, fireproofing and waterproofing, and bathroom sealant are just a few of the applications for these.
Market Dynamics :
Key Drivers :
Growing demand for glazing panels in high rise buildings, environment complaint products like low VOC, green & sustainable sealants.
Increasing spending for infrastructural development
Adoption for modern construction methodology
Restraints :
Diverse countries are using eco-friendly products in various applications as a result of rising environmental concerns and regulatory restrictions. Construction sealant makers throughout the world are concentrating on assuring product safety and avoiding health risks linked with VOC emissions from chemical goods. This has an impact on manufacturers' manufacturing capacities in Europe and North America.
Environmental rules govern the manufacture of chemical and petroleum-based products in Europe and North America. In Europe and North America, regulatory authorities such as the Epoxy Resin Committee (ERC), the European Commission (EC), and others regulate the manufacture of solvent-based goods. Construction sealant's expansion is being stifled by these regulations.
Challenges :
Regulations governing the use of construction sealants are constantly changing, posing issues for sealant manufacturers. Manufacturers of construction sealants, for example, are concerned about changes in norms and standards set by the Construction Materials Regulation (CPR), which determine the minimum (or maximum) performance levels of construction products. The current building sealants on the market are not very technologically advanced, and the new products would necessitate more labelling and paperwork to establish compliance, as well as additional external testing expenditures.
Impact of covid 19 :
Johnson & Johnson and Prisma Health teamed up in March 2020 to create and commercialise the VESper, a ventilator expansion splitter. This ventilator splitter is only approved for emergency usage, allowing a single ventilator to be installed with the ventilator splitter and utilised for two rescuable patients for ventilatory support until individual ventilators are available during the COVID-19 pandemic.
Huntsman announced intentions in March 2019 to make around 50 tonnes of hand sanitizers to offer free of charge to hospitals and pharmacies, which are now experiencing significant shortages of such items due to the COVID-19 epidemic and limited supplies.Huntsman has recently provided its chemical goods to China's fight against the new coronavirus COVID-19. Methylene diphenyl diisocyanate (MDI) was also contributed to enable the production of prefabricated polyurethane insulation panels for hospital construction, as well as other supplies for the production of personal protective equipment (PPE) for medical professionals fighting the coronavirus.
Key players:
Bostik (France), Sika (Switzerland), H.B. Fuller (U.S.), Henkel (Germany), BASF (Germany), Dow (U.S.), Wacker (Germany), General Electric (U.S.),, 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.), 3M (U.S.), MAPEI (Italy), Asian Paints (India), Yokohama Rubber (Japan)
Market Segmentation:
By Resin Type
Silicone
One-Component
Two-Component
Polyurethane
One-Component
Two-Component
Polysulfide
One-Component
Two-Component
Plastisol
Emulsion
Butyl-based
Others
By Application
Glazing
Flooring & Joining
Sanitary & Kitchen
Others
By End-Use Industry
Residential
Industrial
Commercial
By Function
Bonding
Protection
Insulation
Soundproofing
Cable Management
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Regional analysis:
Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa make up the worldwide construction adhesive and sealant market. Due to the rapid growth of the construction industry combined with the development of sophisticated modern infrastructure across the region, Asia-Pacific is predicted to hold more than one-third of the worldwide market share and is expected to maintain its dominance during the forecast period. During the projected period, the increasing growth of the construction sector in Asia-Pacific developing economies such as India and other Southeast Asian countries is expected to boost the construction adhesives and sealants market.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 9.09 Billion |
| Market Size by 2030 | US$ 14.28 Billion |
| CAGR | CAGR of 5.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By resin type (Silicone, One-Component, Two-Component, Polyurethane, One-Component, Two-Component, Polysulfide, One-Component, Two-Component, Plastisol, Emulsion, Butyl-based, Others) • By application (Glazing, Flooring & Joining, Sanitary & Kitchen, Others) • By end-use industry (Residential, Industrial, Commercial) • By function (Bonding, Protection, Insulation, Soundproofing, Cable Management) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Bostik (France), Sika (Switzerland), H.B. Fuller (U.S.), Henkel (Germany), BASF (Germany), Dow (U.S.), Wacker (Germany), General Electric (U.S.),, 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.), 3M (U.S.), MAPEI (Italy), Asian Paints (India), Yokohama Rubber (Japan) |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Bostik (France), Sika (Switzerland), H.B. Fuller (U.S.), Henkel (Germany), BASF (Germany), Dow (U.S.), Wacker (Germany), General Electric (U.S.),, 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.), 3M (U.S.), MAPEI (Italy), Asian Paints (India), Yokohama Rubber (Japan) are the major Key players of Construction Sealants Market
Ans: Growing demand for glazing panels in high rise buildings, environment, complaint products like low VOC, green & sustainable sealants, Increasing spending for infrastructural development and Adoption for modern construction methodology are the Drivers for Construction Sealants Market
Ans: Sealants are used to prevent dust, heat, sound, and fluid from entering building structures through apertures.
Ans: The market for construction sealants is assessed to USD 8.6 billion by 2021, at a CAGR of 5.8% during the figure time frame. The base year considered for this study is 2021 and the gauge period is from 2022 to 2028 assessed to reach 13.8 billion by 2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID 19 Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.The SNS Graph
9.Global Protective Coatings Market Segment, By resin type
9.1 Silicone
9.2 One-Component
9.3 Two-Component
9.4 Polyurethane
9.5 One-Component
9.6 Two-Component
9.7 Polysulfide
9.8 One-Component
9.10 Two-Component
9.11 Plastisol
9.12 Emulsion
9.13 Butyl-based
10.Global Protective Coatings Market Segment, By application
10.1 Glazing
10.2 Flooring & Joining
10.3 Sanitary & Kitchen
10.4 Others
11.Global Protective Coatings Market Segment, By end-use industry
11.1 Residential
11.2 Industrial
11.3 Commercial
12.Global Protective Coatings Market Segment, By function
12.1 Bonding
12.2 Protection
12.3 Insulation
12.4 Soundproofing
12.5 Cable Management
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14.Company Profiles
14.1 Bostik (France)
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Sika (Switzerland)
14.3 H.B. Fuller (U.S.)
14.4 Henkel (Germany)
14.5 BASF (Germany)
14.6 Dow (U.S.)
14.7 Wacker (Germany)
14.8 General Electric (U.S.)
14.9 ITW (U.S.)
14.10 Soudal (Belgium)
14.11 Konishi (Japan)
14.12 DAP Products (U.S.)
14.13 Pidilite (India)
14.14 KCC (Korea)
14.15 Yokohama Rubber (Japan)
14.16 Franklin (U.S.)
14.17 Selena (Poland)
14.18 Kömmerling (Germany)
14.19 PCI (Germany)
14.20 Hodgson Sealants (U.K.)
14.21 Pecora (U.S.)
14.22 Euclid (U.S.)
14.23 3M (U.S.)
14.24 MAPEI (Italy)
14.25 Asian Paints (India)
14.26 Yokohama Rubber (Japan)
15.Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share analysis
15.3 Recent Developments
16.Conclusion
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