Global Construction Sealant Market 2018-2022 | Rising Demand for Specialty Sealants to Promote Growth | Technavio
LONDON--(BUSINESS WIRE)--Nov 20, 2018--The global construction sealant market is expected to post a CAGR of nearly 6% during the period 2018-2022, according to the latest market research report by .
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Technavio has released a new market research report on the global construction sealant market for the period 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the rising construction activities in developing nations. The demand for construction sealants has increased in a number of residential and non-residential buildings, warehouses, factories, shopping malls, and complexes owing to the high pace of expansion of the construction industry. Factors such as the growing industrialization, booming urbanization, and increasing spending capacity of the population have increased the number of construction projects for developing countries in APAC, Africa, and the Americas.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the rising demand for specialty sealants as one of the key emerging trends in the global construction sealant market:
Global construction sealant market: Rising demand for specialty sealants
In the construction industry, specialty sealants are being increasingly used owing to the rise in specific demand from consumers. Highly flexible and high-performance specialty sealants are preferred to be used in glazing or construction joints. Furthermore, they are highly resistant to varying weather conditions, UV exposure, and pollution.
“There has been a significant increase in the demand for specialty sealants led by their new and innovative applications, especially in the residential construction. The popularity of specialty sealants is increasing in the construction sector for joining wood in modern architectural solutions. Moreover, specialty sealants are used in office and administrative buildings, schools, multi-family dwellings, bridges, theaters, and even transmission towers,” says a senior analyst at Technavio for research on additives, adhesives, and sealants.
Global construction sealant market: Segmentation analysis
This market research report segments the global construction sealant market by product (polyurethane, silicone, and polysulfide) and geographical regions (APAC, EMEA, and the Americas).
The polyurethane segment held the largest market share in 2017, accounting for nearly 35% of the market. This product segment is expected to dominate the global market throughout the forecast period.
APAC led the market in 2017 with a market share of nearly 52%. This region is expected to dominate the market through 2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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PUB: 11/20/2018 09:27 AM/DISC: 11/20/2018 09:26 AM