Visiongain Publishes Building & Construction Sealants Market Report to 2031
23 July 2021
Visiongain has published a new report on Building & Construction Sealants Market Report to 2031: By Resin Type (Silicone, One-Component, Two-Component, Polyurethane, One-Component, Two-Component, Polysulfide, One-Component, Two-Component, Plastisol, Emulsion, Butyl-based, Acrylic, Epoxy, Bitumen-based, other hybrid sealants) By Type (Rigid Sealants, Cold-Applied Plastic Sealants, Hot-Applied Plastic or Elastic Sealants, Elastic High-Performance Sealants) By Technology (Water-Based, Solvent-Based, Reactive, Other Technology) By Application (Flooring, Walls & Ceiling, Windows, Doors, Roofing, Building Envelope, Electrical, HVAC, Plumbing) By Function (Bonding, Protection, Insulation, Glazing, Sound Proofing, Cable Management) By End-Use (Residential, Commercial, Industrial) PLUS COVID-19 Impact Analysis and Recovery Pattern Analysis (V-shaped, W-shaped, U-shaped, L-shaped) Profiles of Leading Companies, Region and Country.
Visiongain has estimated that the total market for Building And Construction Sealants would be around US$xx million in 2020 and is projected to grow at a CAGR of xx% during the forecast period 2021-2031. The silicone sealants are widely used for glazing, bathroom, and kitchen applications. The increasing use of silicone sealants in expansion joints for joining dissimilar materials; which provides 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 their market.
How Smart Construction Projects Are Driving the Market?
Increasing investment in energy-smart construction research projects should have a positive impact on the growth of the industry. Based on the use of renewable resource technology with natural oil polyols that offer high performance, improved water resistance, high adherence and high flexibility, positive perspectives in development of bio-dynamic wastewater may promote the market size of building sealants.
How are you going to tackle the negative effects of the COVID-19 pandemic?
The rapid spread of the new COVID-19 pandemic has also affected the supply chain of the construction industry globally. The global growth of the building & construction sector overall slowed down due to the suspension and discontinuation of construction activities as a result of the novel COVID-19 pandemic.
Increased demand for construction sealants in residential housing and infrastructure markets
Building sealants have a wide field of use. Glazing, floors & fittings, sanitary & kitchen, etc. are essential applications of building sealants. These uses are developing and the market for building sealants has later increased. The increasing penetration into new applications, including ductwork, anchoring and structural glazing in the building industry leads to the building sealants market. The main uses are window framing, sanitary and kitchen, expansion joints, flooring systems, walls and panels. Under changing atmospheric conditions, they provide stress-bearing capability and prevent from cracking.
The need for floor dressings, expansion joints, panels, and other applications is also expanding with increasing investments in building activity such airports, bridges, dams and metro stations. An increasing need for permanent, non-slum housing is driven mostly by population expansion, urbanization and increasing incomes across India and other developing countries, such as Brazil, China, Indonesia, and Vietnam. This fast expansion of residential housing is boosting the building sealant industry in these countries.
Environmental regulations in North American and European countries
With the increase in environmental concerns and regulatory policies, various countries are using eco-friendly products in various applications. Global manufacturers of construction sealant are focusing on ensuring safety and avoiding health issues associated with VOCs emissions from chemical products. This is affecting the production capacities of manufacturers in European and North American regions. The environmental rules concerning manufacturing of chemical and petroleum products are rigorously regulated in Europe and North America. The production of solvent-based goods in Europe and North America is governed by agencies such as Epoxy Resin Committee (ERC), the European Commission (EC) and other regulation authorities. These laws limit the spread of building sealants.
Shifting rules and changing standards
There are various modifications to the rules on the usage of building screens, which pose difficulties for building screens makers. For example, the amendments to regulations and standards imposed under the Construction Products Regulation (CPR) are a matter of concern for building sealant makers since they determine the minimum (or maximum) efficiency levels of building products. The existing market accessible building stickers are not technologically advanced and labelling and documentation would be required to certify compliance with new products and additional external test costs.
General Electric Company
Asian Paints Limited
Konishi Co., Ltd.
Wacker Chemie AG
Henkel AG & Co. KGaA
The DOW Chemical Company
Pidilite Industries Limited
The comprehensive report offers market estimation and forecast for the period ranging 2021 – 2031 for leading national markets and rest of the world. Moreover, the report contains dedicated leading companies covering 10 leading producers in the field of Building And Construction Sealants.
The Building And Construction Sealants Market Report 2021-2031 report will be of value to anyone who wants to better understand the market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the industry.
Notes for Editors
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