#StructuralSealants

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Construction Sealants Market worth $5.7 billion by 2028 The report "Construction Sealants Market by Resin Type (Silicone, Polyurethane, Polysulfide), Application (Glazing, Flooring & Joining, Sanitary & Kitchen), End-use Industry (Residential, Commercial, Industrial, Infrastructural), and Region - Global Forecast to 2028", is projected to grow from USD 4.7 billion in 2023 to USD 5.7 billion in 2028 at a CAGR of 3.6%. The growth of the global construction sealants market is primarily driven by the increasing usage of silicone, hybrid, and polyurethane sealants. Polyurethane has made significant contributions to sealant bonding technology, making several different feedstock materials available for manufacturing sealants that exhibit a broad spectrum of performance characteristics. Download pdf-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=104100934 Polyurethane is the fastest-growing resin type segment of the overall construction sealants market. Polyurethane sealants are polymers that contain urethane linkages in the molecular backbone, regardless of the chemical composition of the rest of the chain. Thus, a urethane sealant can be based on a wide range of polymers, given that they can be reacted to form a urethane linkage. These polymers may comprise different aliphatic and aromatic hydrocarbons, esters, ethers, amides, urea, and allophanate groups. This, in turn, results in the availability of a very wide range of raw materials for different formulations. Glazing is the fastest application segment in the construction sealants market during the forecast period. Glazing is the fastest application segment in the construction sealants market. There is increasing demand for sealants that provide flexibility and resist cracks under extreme weather conditions in hospitals, houses, public buildings, schools, and entertainment parks. Polyurethane sealants are used for installing, assembling, and repairing glass. They can be either used for structural glazing or conventional glazing, depending upon the requirement of the application. Sample Request-https://www.marketsandmarkets.com/requestsampleNew.asp?id=104100934 Asia Pacific is the largest construction sealants market during the forecast period. Asia Pacific accounts for the largest share of the construction sealants market globally. Factors such as rapidly growing construction activities and an increasing and huge addressable population base are driving the construction sealants market in the Asia Pacific region. China has been the driving force behind the rapid expansion of the construction sealants market in the Asia Pacific region and across the globe. Key Market Players The key players operating in the market are 3M (US), Arkema (France), Sika AG (Switzerland), Henkel AG & Co. KGaA (Germany), and H.B. Fuller (US).

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Structural Sealant Market 2017: Trends, Size, Share, Growth and Forecast 2023

Structural Sealant exhibits adhesive properties and are those materials which are used to block the passage of fluids through the surface or joints or openings in materials. It is considered a type of mechanical seal. Structural Sealants find wide application scope in various end use industries such as general industry, automotive, building & construction, marine & aerospace, wind energy, and rubber industry owing to its superior durability against extreme weather condition, thermal stability, excellent tensile strength, and high tear strength.

Increasing demand from general industry as well as improving marine & aviation sector drives the growth of the market. Speedy growth of building & construction sector is expected to drive the market for Structural Sealant over the forecast period. Furthermore, increasing per capita disposable income, constant urbanization, and improved living standards are estimated to remain the major driving factors for Structural Sealant demand during the review period. Robust investments in the ongoing research & development projects by the manufacturers and relatively higher acceptance within the end use industries is set to positively influence business outlook. However, stringent regulations imposed by government bodies regarding the emission rate of volatile organic compound is expected to hamper market growth. Most of the raw material are petroleum based derivatives and are susceptible to fluctuation in material price, thus the aforementioned reason might affect the growth of market.

Competitive Analysis: The major players operating in the Structural Sealant Market include BASF SE (Germany), Asian Paints Limited (India), Pidilite Industries Limited (India), Roberlo (Spain), AKEMI (Germany), Chemence (UK),  H.B. Fuller (U.S.), Dow Corning Corporation (U.S.), Wacker Chemie AG (Germany), Henkel Ltd., Hemel Hempstead (UK), PPG Industries, Inc. (U.S.), 3M (U.S.), LORD Corporation.(U.S.), and others.

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Market Segmentation: Structural Sealant Market is segmented on the basis of type and end use industry. On the basis of type, structural sealant market is segmented into silicone, epoxy, polyurethane, acrylic, and others. Silicone and epoxy hold the largest market share owing to their improved properties which enhance their consumption in numerous end use industries. On the basis of end use industry, the market is segmented into building & construction, marine & aerospace, automotive, general industry and others. Building & construction has captured the largest market share among other end use industries due to rising domestic, institutional, and commercial activities across the globe. In building & construction they are generally used in sealing curtain walls, outdoor application, and in expansion joints. Moreover, they are widely utilized in glass building construction, as large sheets installed in these building require sealant in the panel to achieve a weather resistant structure. Furthermore, silicone and polyurethane structural sealant are commonly used in automotive sector. Polyurethane sealants offer excellent stress recovery to retain shape after being bent or stretched. They provide fast curing rates and adherence to non-primed surfaces. Additionally, they protect the surfaces against impacts, shocks, aging, and abrasion. Apart from this, gradually increasing demand from the aviation industry is also helping driving revenues in the Global Structural Sealant Market.

Regional Analysis: Asia Pacific is predicted to be the largest market for Structural Sealant followed by North America and Europe, on account of increasing demand from building & construction, automotive, and general industry among others. Emerging countries such as India, China, Vietnam, and Malaysia are the fastest growing market for Structural Sealant, and is estimated to grow with the same pace in the near future. North America Structural Sealant Market is expected to witness a substantial growth with U.S. and Canada being major contributors due to growth of end use industries such as marine & aerospace and wind energy. Europe is anticipated to witness a steady growth over the review period due to growing demand for Structural Sealant in construction sector, specifically in Germany, Spain, and UK.

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Key Points from Table of Contents:

11.    Company Profiles  

11.1       BASF SE 11.1.1    Company Overview 11.1.2    Product/Business Segment Overview 11.1.3    Financial Updates 11.1.4    Key Developments

11.2       Asian Paints Limited 11.2.1    Company Overview 11.2.2    Product/Business Segment Overview 11.2.3    Financial Updates 11.2.4    Key Developments

11.3       Pidilite Industries Limited 11.3.1    Company Overview 11.3.2    Product/Business Segment Overview 11.3.3    Financial Updates 11.3.4    Key Developments

11.4       Roberlo 11.4.1    Company Overview 11.4.2    Product/Business Segment Overview 11.4.3    Financial Updates 11.4.4    Key Developments

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