The global construction sealants market is projected to be worth USD 12.32 Billion by 2027, according to a current analysis by Emergen Research. The construction sealant market is observing high demand attributed to the growing emphasis on sustainable buildings. Sustainable construct products help in reducing the carbon footprint of a building. Construction sealants offer benefits such as decreasing energy consumption, improving building structure's durability, and increasing structural strength. Sealants deliver the advantage of better-preventing infiltration of rain, wind, and airborne pollutants getting into the building, thereby pressing other sustainable construction materials. Moreover, the product displays an extensive range of temperature tolerance allowing dynamic building joints to compensate for stresses and movement while maintaining adhesion.
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Key Highlights From The Report
-- In August 2020, Henkel made an announcement about entering into an agreement about the acquisition of Momentive Performance Materials. The Consumer Sealants business segment of Momentive Performance Materials produces sealants and caulks applied construction and home enhancement products.
-- Butyl-based sealants possess the benefit of adhering to most of the available substrates. The product is highly weather-resistant and offers better durability at a cost-effective price.
-- Pipe and cable penetrations are frequently ignored in construction projects, even though they pose a significant issue to buildings. Field-based decisions for laying cables result in uneven cable cuttings or extra drillings in floors and walls that may lead to multiple hazards if left unsealed, thus driving construction sealants market demand.
-- North America is likely to witness demand on account of a rise in renovation activities in residential buildings. Latin America is likely to grow significantly in the forecast period due to government initiatives to promote green building standards such as LEED in the region.
-- Key participants include Sika AG, BASF SE, Mapei SPA, The Dow Chemical Company, 3M Company, Henkel AG & Co. KGaA, Wacker Chemie AG, Asian Paints Ltd., HB Fuller, and Bostik SA, among others.
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Emergen Research has segmented the global construction sealants market on the basis of resin type, usage, product type, application, end-users, and region:
-- Resin Type Outlook (Revenue, USD Billion; 2017-2027)
-- Usage Outlook (Revenue, USD Billion; 2017-2027)
-- Cable Management
-- Sound Proofing
-- Product Type Outlook (Revenue, USD Billion; 2017-2027)
-- Application Outlook (Revenue, USD Billion; 2017-2027)
-- Flooring & Joining
-- Sanitary & Kitchen
-- End Users Outlook (Revenue, USD Billion; 2017-2027)
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-- Regional Outlook (Revenue, USD Billion; 2017-2027)
-- North America
-- North America
-- Rest of Europe
-- Asia Pacific
-- South Korea
-- Rest of APAC
-- Latin America
-- Rest of LATAM
-- Saudi Arabia
-- Saudi Arabia
-- Rest of MEA
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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