The global construction sealants market is forecasted to reach a valuation of USD 12.32 Billion by 2027, as per the latest analysis conducted by Emergen Research. This market is experiencing heightened demand, driven by the increasing focus on sustainable construction practices. Sustainable construction products play a pivotal role in reducing the carbon footprint of buildings. Construction sealants offer various advantages such as reducing energy consumption, enhancing the durability of building structures, and bolstering structural strength. Moreover, sealants play a crucial role in preventing the infiltration of rain, wind, and airborne pollutants into buildings, thereby complementing other sustainable construction materials. Additionally, these products exhibit a wide range of temperature tolerance, allowing dynamic building joints to adapt to stresses and movements while maintaining strong adhesion.
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Key Highlights:
- In August 2020, Henkel announced its agreement to acquire Momentive Performance Materials. The Consumer Sealants business segment of Momentive Performance Materials specializes in producing sealants and caulks used in construction and home enhancement products.
- Butyl-based sealants offer the advantage of adhering to most available substrates. These products are highly weather-resistant and provide enhanced durability at a cost-effective price point.
- Pipe and cable penetrations are often overlooked in construction projects, despite posing significant risks to buildings. Improperly sealed cable penetrations can lead to hazards such as uneven cable cuttings or additional drillings in floors and walls. This drives the demand for construction sealants in the market.
- North America is expected to witness increased demand due to a surge in renovation activities in residential buildings. Similarly, Latin America is projected to experience substantial growth, fueled by government initiatives promoting green building standards such as LEED.
- Key participants in the construction sealants market 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.
Market Segmentation:
- The global construction sealants market is segmented based on resin type, usage, product type, application, end-users, and region.
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, UK, France, BENELUX, Rest of Europe)
- Asia Pacific (China, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, UAE, Rest of MEA)
For further insights and detailed analysis, you can access the full report here.
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