Construction Sealant Market Will Reach USD 12.91 Billion by 2026
The global Construction sealant market in 2019 was approximately USD 8.5 billion. The market is expected to grow above a CAGR of 6% and is anticipated to reach over USD 12.91 billion by 2026.
Construction sealants are used to avoid the movement of fluids and other substances through material joints, structures, or openings. Also, they can prevent the passage of dust, insects, air, sound, and so on, and serve as a fire stopping component. In the commercial and residential infrastructure, the construction sealants provide reliability, extra flexibility, and waterproofing. The sealants are used as roof sealant, bathroom sealant, waterproofing, door sealant, window sealant, fireproofing, and other applications. It also covers all construction projects, from small domestic renovations to giant river bridges and skyscrapers.
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The construction sealants are widely used in a wide range of applications such as glazing, flooring & joining, sanitary & kitchen, and so on. According to the user requires the characteristic of the product also changes. Increasing construction activities, renovation, and maintenance activities are driving market growth. Moreover, new innovation in construction sealant is also surging market growth. However, strict policies coupled with the toxic impact of the sealant may restraints market growth. On the other hand, major manufacturers performing R&D activities to develop advanced products with minimum production time and cost may produce ample opportunities in the market.
The construction sealant market is segmented based on type, application, end-users, technology, function, and region. On the basis of type segmentation, the market is classified into By type segmentation, the market is divided into silicone, polyurethane, polysulfide, plastisol, emulsion, butyl-based, and others. By application, the market is separated into glazing, flooring & joining sanitary & kitchen, and others. By end-users segmentation, the market is bifurcated into residential, industrial, and commercial. On the basis of technology, the market is classified into water-based, solvent-based, reactive, and others and by function, the market is divided into bonding, protection, insulation, soundproofing, and cable management.
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Some of the essential players operating in the construction sealant market, but not restricted to include McCoy Soudal, Novagard Solutions, deVan Sealants, Inc., Adshead Ratcliffe & Co Ltd., Hodgson Sealants, Wacker Chemie AG, Kommerling UK Sealants & Adhesives, Shin-Etsu Chemical Co. Ltd., Sika AG, Bostik, Dow Corning Corporation, 3M, H.B. Fuller, THE YOKOHAMA RUBBER Co. Ltd., ALCHIMICA, KCC CORPORATION, Momentive Performance Materials, Royal Adhesives & Sealants, Alstone, Pecora Corporation, Tremco Incorporated, and others.