Global Construction Sealant Market 2018-2022
About Construction Sealant
Construction sealant provide waterproofing solutions to the buildings and construction sector. Construction sealants are used to prevent fluids from passing through material surfaces, joints, or openings.
Technavio’s analysts forecast the global construction sealant market to grow at a CAGR of 5.95% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global construction sealant market for 2018-2022. To calculate the market size, the report considers the revenue generated from the use of construction sealant in different applications
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Construction Sealant Market 2018-2022
Technavio recognizes the following companies as the key players in the global construction sealant market: 3M, Arkema, DowDuPont, H.B. Fuller Company, Henkel, Sika.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rising demand for specialty. Specialty sealants are specifically resistant to fuel or oil in concentrate joints and provide waterproof sealing around roofing penetrations and terminations.
According to the report, one of the major drivers for this market is the rising construction activities in developing nations. Emerging markets of southeast Asia are expected to invest heavily in new infrastructure projects, supported by private investment, which will have expected to drive the market.
Further, the report states that one of the major factors hindering the growth of this market is the fluctuating raw materials prices. Increasing prices of these chemicals, owning to their raw material price, is expected to hinder the demand for construction sealants during the forecast period.
H.B. Fuller Company