Construction Sealants Market Regional Growth & Industry Share By 2024: Global Market Insights, Inc. Construction Sealants Market size is set to cross USD 6.5 billion at end of 2024; according to a new research report by Global Market Insights, Inc. Growth in residential renovation and remodeling projects along with huge investments in this sector mainly in China & India should contribute towards construction sealants market size. Shifting trends towards smart energy saving modern construction projects along with rise in durable and minimal maintenance demand should favor product growth. U.S. construction sealants demand from flooring & joining applications may surpass USD 250 million during forecasted timeframe. Growing demand from construction repair, alteration and restoration projects along with adoption of green building concept owing to mandatory environmental policies should drive regional product demand. Rise in consumer inclination towards green building owing to growing environmental concerns should positively influence product demand. These products offer minimal VOC content, less toxicity reduced cost by controlling energy consumption which reduces adverse effects on environment. Increasing R&D spending to formulate biomass based sealants using soy from renewable technology is likely to act as another driving factor towards industry growth.
Polyurethane construction sealants market is anticipated to exceed USD 2 billion at end of 2024. The product proves to have wide application scope in flooring & joining for public infrastructure including roads, bridges and tunnels owing to its excellent mechanical resistance which helps them to withstand water, smoke, UV degradation, cracking and yellowing thereby stimulating industry growth. Construction sealants demand with respect to sanitary & kitchen applications may witness gains at above 3.1%. Wet areas including kitchen and bathrooms are exposed to high moisture content and may cause water leaks deteriorating building structure thereby promoting use of sealants for moisture curing. Global construction sealant market share is fairly consolidated and competitive. Some industry participants operating in this market are Sika, 3M, Momentive, KCC Corporation and Bostik.
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