Construction Sealants Market To See Huge Growth By 2022-2028 | Soudal, Konishi, DAP Products, Pidilite, KCC, Yokohama Rubber, Franklin, Selena, Kömmerling

Pune, Maharashtra -- (SBWire) -- 10/11/2022 --Sealants often referred to as sealing agents in the construction sector, are used to stop heat, sound, fluid, and dust from passing through openings at building structure joints. They possess a variety of qualities, including flexibility, weather resistance, temperature & chemical stability, and a barrier against moisture in-built buildings. They are also extremely useful in waterproofing operations. Sealants can be used to create fire barriers, as well as acoustic and thermal insulation.
As per the recent report by SNS Insider, Global Construction Sealants Market 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.

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Drivers, Restraints, Opportunities and Challenges
The growth of green buildings is being driven by increased demand, rising disposable income, and environmental concerns, which will cause a major increase in demand for construction sealants globally. The development of adhesive technologies in the building sector has encouraged the use of a variety of flooring materials in both indoor and outdoor construction. The market for construction sealants is expanding as a result of rising investments in the construction of public projects such as dams, bridges, metro stations, and dams. Sealants are also being used for a variety of other purposes.
Construction sealant makers face challenges as a result of the continually evolving regulations controlling their use. Due to the lack of technological advancement in the building sealants already on the market, the new goods would require extra labeling and documentation to ensure compliance, as well as higher costs for external testing.

Impact of the COVID-19 Pandemic
The demand for construction sealants is anticipated to be impacted by the short- and long-term effects of the COVID-19 epidemic in the construction sector. There were delays or project cancellations, and there was a decline in the market for "non-essential" projects including offices, entertainment venues, and sports facilities. Due to the termination of such projects and other building activities, the need for construction sealants will remain restricted.

Market Segmentation
By Resin Type
1 Silicone
1.1 One-Component
1.2 Two-Component
2 Polyurethane
2.1 One-Component
2.2 Two-Component
3 Polysulfide
3.1 One-Component
3.2 Two-Component
4 Plastisol
5 Emulsion
6 Butyl-based
7 Others

By Application
1.Glazing
2.Flooring & Joining
3.Sanitary & Kitchen
4.Others

By End-Use Industry
1.Residential
2.Industrial
3.Commercial

By Function
1.Bonding
2.Protection
3.Insulation
4.Soundproofing
5.Cable Management

Silicone sealants hold the leading position in the construction sealants market in terms of resin type, owing to their properties, including high strength, excellent durability, flexibility, and moisture resistance, as well as shifting consumer trends toward green construction materials and rising consumer awareness of environmental issues,
Based on end-use, construction sealant materials are more prevalent in industrial applications than in residential applications, and their share will rise as a result of population growth, which will increase demand for housing, while commercial applications are also anticipated to rise during the predicated period.
In the upcoming years, the flooring segment is anticipated to increase at a faster rate by application. This is because numerous wood flooring coatings are suitable for underfloor heating and are also environmentally friendly and sound-dampening.

Regional Analysis
The Asia Pacific (APAC) region now holds the higher market share for construction sealants on account of the growing demand for construction sealants in developing countries like China and India, as well as expanding infrastructure and industrial development activity. However, the North American region is behind APAC due to significant investments in infrastructure development as well as the growth of the urban population, which has increased the need for residential buildings. The Middle Eastern countries are anticipated to grow the market for construction composites in the Middle East and Africa (MEA) region as the government plans construction activity.

Competitive Landscape Outlook
Some of the prominent companies present in the construction sealants market are General Electric, Selena, Henkel, Euclid, Asian Paints, Bostik, Pidilite, Hodgson Sealants, H.B. Fuller, and Franklin. New entrants to the market are posing healthy competition for the existing players operating in the global market.

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Table Of Content
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