Product Overview

Sealant is a material that blocks the passage of fluids and other substances through the surface. In construction, sealants are commonly known as caulking and are used to close openings between spaces that are small for other substances including timber, mortar, and concrete to be used. Construction sealants also block the passage of air, dust, and insects and act as a fire-stopping component. Construction sealants provide protection from environmental risks, leakage, and seepage as well as offer better performance and greater durability. Various types of sealants are available based on their characteristics – they can be strong or weak, temporary or permanent, and flexible or rigid. Construction sealants offer reliable, flexible, and waterproof joints for a wide range of applications such as glazing, roofing, and flooring.

Market Highlights

Global Construction Sealants market is expected to project a notable CAGR of 5.95% in 2030.

Global Construction Sealants Market to surpass USD 16.22 billion by 2030 from USD 9.1 billion in 2020 at a CAGR of 5.95% in the coming years, i.e., 2021-30. The rising construction of residential and commercial buildings and the increasing demand for glazing and panels in new high-rise buildings are driving the demand for construction sealants. Furthermore, construction sealants provide safety and ease of application due to which their demand is anticipated to fuel in the coming years. Environmental concerns which are leading to the development of light and green buildings are expected to boost the global construction sealants market.

Recent Highlights in Global Construction Sealants Market

In August 2017 Sika acquired ABC Sealants, a Turkey-based manufacturer of sealants & adhesives. This acquisition will strengthen Sika’s market position in Turkey and further establish Sika as inclusive supplier of solutions for interior finishing applications

In January 2017, H.B. Fuller acquired the industrial adhesives business of Wisdom Adhesives Worldwide, a provider of adhesives for the packaging, paper converting, and assembly markets. The acquisition will strengthen H.B. Fuller’s position in the Americas adhesives business

Global Construction Sealants Market: Segments

Silicone segment to grow with the highest CAGR during 2021-30

Global Construction Sealants market is segmented by Resin type into Silicone, Polyurethane, Polysulfide, and others. Silicone segment held the largest market share of XX.X% in the year 2020. Silicone sealants are commonly used for glazing, kitchen, and bathroom applications. Silicone sealants are popular for effective sealing as well as weatherproofing joints of structural components. These sealants are pliable and do not crack in warm weather or become stiff in cold weather due to which their demand is boosting.

Glazing Segment to grow with the highest CAGR during 2021-30

Global Construction Sealants market is distributed by application into Glazing, Weatherproofing, Flooring & Joining, Sanitary & Kitchen and Others. Glazing Segment held the largest market share of XX.X% in the year 2020 owing to increasing investment in infrastructure development and rising standard of living of consumers. Additionally, the shift towards modern construction coupled with better aesthetics has increased the use of glazing in buildings which is anticipated to grow the construction sealants market.

Market Dynamics

Drivers

Increasing Construction of Residential and Commercial Buildings

Substantial growth in the construction of residential and commercial buildings is mounting the demand for construction sealants. Commercial projects include the construction of malls, apartments, shopping complexes, and centers which have further surge the demand for construction sealants. Construction sealants are used in glazing, flooring & joining, and sanitary & kitchen. They are used for glazing due to their long-lasting bond and rapid adhesion properties. The extensive utilization of sealants in newer applications such as anchoring application, ductwork, and structural glazing in the construction industry is boosting the construction sealants market.

Rising Maintenance and Renovation Activities

Rising disposable income coupled with increasing living standards of consumers has led to an increase in renovation and maintenance projects which are projected to drive the construction sealants market. Construction sealants are used to fill a gap between two or more substrates and form a barrier through which other materials cannot pass. They prevent building structures from air and heat thus enhancing structural strength and durability.

Restraint

Environmental Regulations

Stringent environmental protocols regarding the production of chemical and petro- based products are estimated to hamper the global construction sealants market. Construction sealants are toxic and impact the environment which may challenge the product penetration and hinder the market growth.

Global Construction Sealants Market: Key Players

Sika AG

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

3M

BASF SE

H.B. Fuller Company

Cytec Solvay Group

General Electric Company

PPG Industries, Inc.

Arkema Group

Master Bond Inc.

DAP Products Inc

Henkel

Other Prominent Players

Global Construction Sealants Market: Regions

Global Construction Sealants market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global Construction Sealants market in Asia Pacific held the largest market share of XX.X% in the year 2020. Asia Pacific will continue to dominate the global Construction Sealants market due to the rising demand for Construction Sealants in residential and commercial construction activities in this region. Additionally, increasing population and industrialization in Asia Pacific have fueled the demand for Construction Sealants. Availability of financial assistance supported by huge investments in infrastructure projects is expected to have a positive influence on the construction sealants market.

Global Construction Sealants market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Construction Sealants market report also contains analysis on:

Construction Sealants market Segments:

By Resin Type

Silicone

Polyurethanes

Polysulfide

Others

By Technology

Water-based

Solvent-based

Reactive

Others

By Function

Bonding

Protection

Insulation

Soundproofing

Cable Management

Others

By Application

Glazing

Weatherproofing

Flooring & Joining

Sanitary & Kitchen

Others

By End-User

Residential

Industrial

Commercial

Others

Global Construction Sealants Market Dynamics

Global Construction Sealants market size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Construction Sealants Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Construction Sealants Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global Construction Sealants Market

11.1. Market Size & forecast, 2019A-2030F

11.1.1. By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. By Volume (Billion Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Global Construction Sealants Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2. By Resin Type: Market Share (2019-2030F)

12.2.1. Silicone, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-20

12.2.2. Polyurethanes, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.3. Polysulfide, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.2.4. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3. By Technology: Market Share (2019-2030F)

12.3.1. Water based, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.2. Solvent based, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.3. Reactive, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.3.4. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4. By Function: Market Share (2019-2030F)

12.4.1. Bonding, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.2. Protection, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.3. Insulation, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.4. Soundproofing, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.5. Cable Management, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.4.6. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5. By Application: Market Share (2019-2030F)

12.5.1. Glazing, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.2. Weatherproofing, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.3. Flooring & Joining, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.4. Sanitary & Kitchen, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.5.5. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.6. By End User: Market Share (2019-2030F)

12.6.1. Residential, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.6.2. Industrial, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.6.3. Commercial, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12.6.4. Others, By Value (USD Billion) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

13 Company Profile

13.1. Sika AG

13.1.1. Company Overview

13.1.2. Company Total Revenue (Financials)

13.1.3. Market Potential

13.1.4. Global Presence

13.1.5. Key Performance Indicators

13.1.6. SWOT Analysis

13.1.7. Product Launch

13.2. 3M

13.3. BASF SE

13.4. H.B. Fuller Company

13.5. Cytec Solvay Group

13.6. General Electric Company

13.7. PPG Industries, Inc.

13.8. Arkema Group

13.9. Master Bond Inc.

13.10. DAP Products Inc.

13.11. Henkel

13.12. Other Prominent Players

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)