The “Global Construction Sealants Market: Focus on Resin Type: Silicones, Polyurethanes, Polysulfides, MS Sealants & Application: Exterior, Interior, Doors & Windows – Analysis & Forecast – 2017-2021” report has been added to ResearchAndMarkets.com’s offering.
The booming global construction industry is driving the market for the construction sealant. The market for construction sealants is anticipated to advance at a CAGR of 6.5% by value, and 5.4% by volume from 2016 to 2021, and reach $10,700.4 million, and 1,795.1 KT by 2021.
This enormous growth is anticipated due to the various benefits of the construction sealants such as high durability & strength, increased adhesion to substrates, easy bonding, and safe handling. The demand for construction sealants will majorly be driven by the rising demand of them in the residential & non-residential buildings, primarily for glazing and paneling, demand from the developing countries, and the BRICS region, and increasing maintenance and renovation activities in the construction sector.
The various governmental regulations, increasing R&D activities for cost cutting products such as, MS sealants are expected to generate opportunities for low VOC, and sustainable sealants in this market. Additionally, increasing application areas in the emerging economies such as China, India, and Brazil are expected to be the major cause for the advance in demand of the construction sealants.
Rising Demand of Construction Sealants in Residential & Non-Residential Buildings, Primarily in Glazing and Panelling
High Demand from Developing & BRICS Countries
Increasing Maintenance and Renovation in the Construction Sector
Volatility in Raw Material Prices
Environmental Regulations in Various Regions
Environmental Concerns Leading to the Development of Light and Green Buildings
Growing Demand for Greener & Sustainable Sealants