Global Construction Sealants Market: Overview
Sealants, commonly known as caulking in the construction industry, are ubiquitously used to block dust, heat, sound, and fluid through apertures at joints in building structures. They display a number of properties and are particularly effective in waterproofing processes to provide a barrier for moisture in built structures. Sealants can provide acoustic and thermal insulation and can also be used as fire barriers. Sealants have been in use for several hundred years. Asphalt and bitumen that are naturally occurring have been used as sealants for many centuries.
Sealants comprise inert filler material and are usually composed of an elastomer to fulfill the flexibility and elongation requirements. Sealants are usually present in semi-liquid and viscous state with little to zero flow characteristics. Adhesion, corrosion resistance, and insolubility are some of the desirable properties of sealants that make them ideal for water proofing in the construction industry.
The report presents an overview of the construction sealants market in a ground-up manner looking into market dynamics, growth trends, and product development that will influence the growth curve for the 2016-2024 period. The publication makes for an interesting read as facts and figures pertaining to developments in the market are presented in a chronological order.
Global Construction Sealants Market: Trends and Opportunities
The construction sealants market is displaying significant growth due to the increasing application of sealants for flooring and expansion jointing in commercial and residential building structures. In particular, in emerging economies, high rate of development of residential buildings is driving the construction sealants market. Furthermore, environmental concerns leading to the development of light and green buildings is expected to display a substantial demand for construction sealants across the world.
However, government regulations in place across several countries for VOC emissions is restraining the market’s growth. The introduction of biobased and anaerobic sealants is anticipated to benefit the market’s growth in future.
Global Construction Sealants Market: Regional Outlook
Europe stood as a major market for construction sealants in 2014. Germany, Russia, Turkey, Austria, and the Netherlands are major contributors to the European construction sealants market. Asia Pacific is expected to display the fastest growth in the construction sealants market in the forthcoming years. In this region, rapid urbanization and construction of commercial complexes for the increasing economic development are benefitting the construction sealants market for building structures.
The Middle East and Africa regional market is expected to display significant growth over the forecast period. In particular, in the UAE and Saudi Arabia, the increasing number of residential building construction to keep up the demand for increasing home ownership supported by easy residential mortgaging schemes will benefit the construction sealants market.
Latin America is expected to display moderate growth over the forecast period. Argentina and Brazil are the major contributors to the Latin America construction sealants market due to the increasing urbanization and industrialization.
Global Construction Sealants Market: Competitive Landscape
Some of the key players in the global construction sealants market include BASF SE, KGaA, Fuller, Cytec Industries Inc., General Electric, PPG Industries Inc., Henkel AG & Co., 3M, The Dow Chemical Company, Master Bond, and Sika AG.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.