Who are the Major Construction Sealant Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
deVan Sealants Inc.
DuPont de Nemours Inc.
General Electric Co.
H.B. Fuller Co.
Henkel AG & Co. KGaA
PPG Industries Inc.
The construction sealant market is fragmented and the vendors are deploying growth strategies such as rising investments in R&D to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as growing demand from developing economies to achieve growth opportunities. However, factors such as health hazards associated with construction sealants will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the construction sealant market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies,
This construction sealant market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
What are the Key Construction Sealant Market Drivers and Trends?
The rising construction activities in developing nations are expected to trigger the market’s growth in the forthcoming years.
Emerging economies in APAC, Africa, and the Americas are witnessing several construction projects due to the growing industrialization and increased spending capacity of the population.
The construction of commercial projects has further increased the demand for construction sealants.
The improved infrastructure spending in China, Malaysia, India, the Philippines, Thailand, Indonesia, Dubai, and Saudi Arabia is likely to drive the global construction sealant market during the forecast period.
The rising demand for specialty sealants is one of the key trends expected to gain traction in the market.
Manufacturers are offering low and mid-modulus products allowing consumers to select the most appropriate level of elasticity according to their requirements.
Specialty sealants are gaining popularity in the construction sector for joining wood in modern architectural solutions.
The sealants are being used in office and administrative buildings, schools, bridges, theatres, and even transmission towers. Such rising demand is expected to augur well for the construction sealant market.
56% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for construction sealants in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growth of the construction industry is one of the prime factors that will facilitate the construction sealant market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
What are the Major Product Segments in the Construction Sealant Market?
Polyurethane construction sealants based on polymers are one of the most widely used sealants in the buildings and construction industry. Being available in single and multi-component formulations, polyurethane sealants are used in horizontal joints or non-sagging vertical applications. The construction sealant market share growth by the polyurethane segment will be faster than the polysulfide segment.
An in-depth scenario-based approach was followed in this construction sealant market research report to identify the direct and indirect impact of COVID-19 on market growth. Buy the full market research report to gain actionable insights on the influence of COVID-19 on construction sealant market segments.
3M Co., Arkema SA, BASF SE, deVan Sealants Inc., DuPont de Nemours Inc., General Electric Co., H.B. Fuller Co., Henkel AG & Co. KGaA, PPG Industries Inc., Sika AG are a few of the key vendors in the Construction Sealant market.