Construction Sealants Market - SINGLE USER

The booming global construction industry, is driving the market for the construction sealant. The market for construction sealants is anticipated to advance at a CAGR of 6.5% by value, and 5.4% by volume from 2016 to 2021, and reach $10,700.4 million, and 1,795.1 KT by 2021. This enormous growth is anticipated due to the various benefits of the construction sealants such as high durability & strength, increased adhesion to substrates, easy bonding, and safe handling. The demand for construction sealants will majorly be driven by the rising demand of them in the residential & non-residential buildings, primarily for glazing and paneling, demand from the developing countries, and the BRICS region, and increasing maintenance and renovation activities in the construction sector. The various governmental regulations, increasing R&D activities for cost cutting products such as, MS sealants are expected to generate opportunities for low VOC, and sustainable sealants in this market. Additionally, increasing application areas in the emerging economies such as China, India, and Brazil are expected to be the major cause for the advance in demand of the construction sealants.

The report is a compilation of the different segments of the global construction sealants market, including market breakdown by the resin type, applications and sub applications, and different geographical areas. Herein, the revenue generated from the different technologies, namely, silicones, plyurethanes, polysulfides, MS Sealants, and others, and applications, namely, exterior, interior, and doors & windows, among others, are assessed to calculate the overall market size. While defining the key driving, and restraining forces for this market, the report also provides a detailed summary of the market. It also includes the key participants involved in the manufacturing and distribution of these products.
The report answers the following questions about the global construction sealants market:
• What was the size, in terms of value ($million), and volume (kilotons) of the construction sealants market in 2016, and what will be the growth rate during the forecast period, 2017-2021?
• What are the different resin types of the construction sealants market by the respective manufacturers?
• What was the generation in terms of value ($million), and volume (kilotons) of the construction sealants market for different resin types in 2016, and what is their futuristic growth prospect?
• What was the generation in terms of value ($million), and volume (kilotons) of the different resin types by various applications in the construction sealants market in 2016, and what is their futuristic growth prospect?
• What is the market size in terms of value ($million), and volume (kilotons) of different applications and sub-applications, in terms of value, and volume and their respective growth prospects and key developments?
• What is the construction sealants market size in terms of value ($million) and volume (kilotons) for different regions, based on the various countries and resin types?
• What are the key trends and opportunities in the market, pertaining to the countries included in different geographical regions?
• How attractive is the market for different stakeholders present in the industry by analyzing the futuristic scenario of the construction sealants market?
• What are the major driving forces that tend to increase the demand for the construction sealants market during the forecast period?
• What are the major challenges inhibiting the growth of the global construction sealants market?
• What kind of new strategies are being adopted by the existing market players to further expand in the industry?
• What is the competitive strength of the key players in the construction sealants market by analyzing through market share analysis?
• What is the competitive strength of the key players in the silicone construction sealants market by analyzing through market share analysis?
• Who are the key market players in the market? What are their financials, key products & services, and SWOT analysis?
The report puts special emphasis on the market share of the leading companies in the global construction sealants market, owing to the changing paradigms in the industry. The report further includes a thorough analysis of the impact of the five major forces to understand the overall attractiveness of the industry. This segment also focuses on the key developments and investments made in the construction sealants market by the players.
The most common used strategies adopted by the key players to enhance their geographical presence are business expansions, product launches, and partnerships & collaborations. Moreover, the company profiles section of the report highlights significant information about the key companies involved, along with their financial positions, key strategies & developmental activities since the past few years.
Further, the report includes an exhaustive analysis of the geographical split into North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Each geography details the individual push and pull forces in addition to the key players from that region. The prominent players operating in the global construction sealants market are Sika, H.B. Fuller, Wacker Chemie, Evonik Industries, Bostik, 3M, Henkel, BASF SE, and Arkema, among others.
Executive Summary
1 Report Scope & Methodology
1.1 Report Scope
1.2 Global Construction Sealants Market Research Methodology
1.2.1 Assumptions
1.2.2 Limitations
1.2.3 Primary Data Sources
1.2.4 Secondary Data Sources
1.2.5 Data Triangulation
1.2.6 Market Estimation & Forecast
2 Market Dynamics
2.1 Drivers
2.1.1 Rising Demand of Construction Sealants in Residential & Non-Residential Buildings, Primarily in Glazing and Panelling
2.1.2 High Demand from Developing & BRICS Countries
2.1.3 Increasing Maintenance and Renovation in the Construction Sector
2.2 Restraints
2.2.1 Volatility in Raw Material Prices
2.2.2 Environmental Regulations in Various Regions
2.3 Opportunities
2.3.1 Environmental Concerns Leading to the Development of Light and Green Buildings
2.3.2 Growing Demand for Greener & Sustainable Sealants
3 Competitive Insights
3.1 Key Market Developments & Strategies
3.1.1 New Product Launches and Developments
3.1.2 Business Expansions
3.1.3 Partnerships and Agreements
3.1.4 Mergers & Acquisitions
3.1.5 Others
3.2 Industry Attractiveness
3.2.1 Threat of New Entrants
3.2.2 Threat of Substitutes
3.2.3 Bargaining Power of Buyers
3.2.4 Bargaining Power of Suppliers
3.2.5 Intensity of Competitive Rivalry
4 Industry Analysis
4.1 Supply Chain Analysis
4.2 Opportunity Matrix
4.3 Country Share Analysis
4.4 Market Share Analysis
4.4.1 Market Share Analysis of Global Construction Sealants Market
4.4.2 Market Share Analysis of Silicone Based Construction Sealants Market
4.4.3 Competitive Analysis of Glazing Construction Sealants Market
5 Global Construction Sealant Market by Type, Value ($Million) & Volume (Kilo Tons)
5.1 Assumptions for Analysis and Forecast of the Global Construction Sealant Market
5.2 Limitations for Analysis and Forecast of the Global Construction Sealant Market
5.3 Market Overview
5.4 Silicones
5.5 Polyurethanes
5.6 Polysulfides
5.7 MS Sealants
5.8 Others
6 Global Construction Sealant Market by Application, Value ($Million) & Volume (Kilo Tons)
6.1 Exterior Applications
6.1.1 Glazing (Glass)
6.1.2 Stone (Concrete)
6.1.3 Metals
6.1.4 Others
6.2 Interior
6.2.1 Flooring & Joining
6.2.2 Kitchen & Sanitary
6.2.3 Others
6.3 Doors & Windows
7 Global Construction Sealant Market by Region, Value ($Million) & Volume (Kilo Tons)
7.1 Asia Pacific
7.1.1 Asia Pacific Construction Sealants Market by Type
7.1.2 China
7.1.3 Japan
7.1.4 India
7.1.5 South Korea
7.1.6 Thailand
7.1.7 Australia & New Zealand (ANZ)
7.1.8 Singapore
7.1.9 Indonesia
7.1.10 Malaysia
7.1.11 Rest of Asia Pacific
7.2 Europe
7.2.1 Europe Construction Sealants Market by Type
7.2.2 Germany
7.2.3 France
7.2.4 The U.K.
7.2.5 Italy
7.2.6 Turkey
7.2.7 Spain
7.2.8 Russia
7.2.9 Rest of Europe(RoE)
7.3 North America
7.3.1 North America Construction Sealants Market by Type
7.3.2 The U.S.
7.3.3 Canada
7.3.4 Mexico
7.4 Rest of the World (RoW)
7.4.1 RoW Construction Sealants Market by Type
7.4.2 Brazil
7.4.3 Argentina
7.4.4 Saudi Arabia
7.4.5 South Africa
7.4.6 Others
8 Company Profile
8.1 3M
8.1.1 Company Overview
8.1.2 Product Portfolio
8.1.3 Financials
8.1.3.1 Financial Summary
8.1.4 SWOT Analysis
8.2 AkzoNobel
8.2.1 Company Overview
8.2.2 Product Portfolio
8.2.3 Financials
8.2.3.1 Financial Summary
8.2.4 SWOT Analysis
8.3 Arkema (Bostik)
8.3.1 Company Overview
8.3.2 Product Portfolio
8.3.3 Financials
8.3.3.1 Financial Summary
8.3.4 SWOT Analysis
8.4 BASF SE
8.4.1 Company Overview
8.4.2 Product Portfolio
8.4.3 Financials
8.4.3.1 Financial Summary
8.4.4 SWOT Analysis
8.5 The Dow Chemical Company
8.5.1 Company Overview
8.5.2 Product Portfolio
8.5.3 Financials
8.5.3.1 Financial Summary
8.5.4 SWOT Analysis
8.6 E.I. Du Pont de Nemours and Company
8.6.1 Company Overview
8.6.2 Product Portfolio
8.6.3 Financials
8.6.3.1 Financial Summary
8.6.4 SWOT Analysis
8.7 Evonik Industries
8.7.1 Company Overview
8.7.2 Product Portfolio
8.7.3 Financials
8.7.3.1 Financial Summary
8.7.4 SWOT Analysis
8.8 General Electrik/Momentive Performance
8.8.1 Company Overview
8.8.2 Product Portfolio
8.8.3 Financials
8.8.3.1 Financial Summary
8.8.4 SWOT Analysis
8.9 H.B. Fuller
8.9.1 Company Overview
8.9.2 Product Portfolio
8.9.3 Financials
8.9.3.1 Financial Summary
8.9.4 SWOT Analysis
8.1 Henkel
8.10.1 Company Overview
8.10.2 Product Portfolio
8.10.3 Financials
8.10.3.1 Financial Summary
8.10.4 SWOT Analysis
8.11 The KCC Corporation
8.11.1 Company Overview
8.11.2 Product Portfolio
8.11.3 Corporate Summary
8.11.4 SWOT Analysis
8.12 Selley’s
8.12.1 Company Overview
8.12.2 Product Portfolio
8.12.3 Corporate Summary
8.12.4 SWOT Analysis
8.13 Sika
8.13.1 Company Overview
8.13.2 Product Portfolio
8.13.3 Financials
8.13.3.1 Financial Summary
8.13.4 SWOT Analysis
8.14 The Sherwin-Williams Company
8.14.1 Company Overview
8.14.2 Product Portfolio
8.14.3 Financials
8.14.3.1 Financial Summary
8.14.4 SWOT Analysis
8.15 Wacker Chemie
8.15.1 Company Overview
8.15.2 Product Portfolio
8.15.3 Financials
8.15.3.1 Financial Summary
8.15.4 SWOT Analysis
8.16 Others
List of Tables
Table 1 Market Snapshot: Global Construction Sealants Market
Table 2.1 Key Standards pertaining to the Construction Sealant Market
Table 3.1 Key Product Launches (2015-17)
Table 3.2 Key Business Expansion Activities (2015-2017)
Table 3.3 Key Partnership and Agreement Activities (2015-2017)
Table 3.4 Key Mergers & Acquisition (2015-2018)
Table 3.5 Key Other Activities (2015-2017)
Table 4.1 Competitive Analysis: Glazing Construction Sealants Market
Table 5.1 Global Construction Sealants Market by Resin Type, 2016-2021 (Kilo Tons)
Table 5.2 Silicone Construction Sealants: Recent Developments
Table 5.3 Global Construction Sealants Market by Type, 2016-2021 ($Million)
Table 5.4 Silicones Construction Sealants Market by Type, 2016-2021 (Kilo Tons)
Table 5.5 Silicones Construction Sealants Market by Type, 2016-2021 ($Million)
Table 5.6 Silicone Construction Sealants: Product Portfolio
Table 5.7 Polyurethanes Construction Sealants Market by Type, 2016-202 (Kilo Tons)
Table 5.8 Polyurethanes Construction Sealants Market by Type, 2016-2021 ($Million)
Table 5.9 PU Construction Sealants: Product Portfolio
Table 5.10 Polysulfides Construction Sealants Market by Type, 2016-2021 (Kilo Tons)
Table 5.11 Polysulphides Construction Sealants Market by Type, 2016-2021 ($Million)
Table 5.12 Polysulfide Construction Sealants Offered by Major Companies
Table 5.13 MS Sealants Construction Sealants Market by Type, 2016-202 (Kilo Tons)
Table 5.14 MS Sealants Construction Sealants Market by Type, 2016-2021 ($Million)
Table 5.15 MS Construction Sealants Offered by Major Companies
Table 5.16 Others Construction Sealants Market by Type, 2016-202 (Kilo Tons)
Table 5.17 Others Construction Sealants Market by Type, 2016-2021 ($Million)
Table 6.1 Global Construction Sealants Market, by Application, 2016-2021 (Kilo Tons)
Table 6.2 Global Construction Sealants Market, by Technology, 2016-2021 ($Million)
Table 6.3 Exterior Construction Sealants Market, by Type, 2016-2021 ($Million)
Table 6.4 Exterior Construction Sealants Market, by Type, 2016-2026 (Kilo Tons)
Table 6.5 Product Portfolio: Glazing Construction Sealants Market
Table 6.6 Interior Construction Sealants Market, by Type, 2016-2021 ($Million)
Table 6.7 Interior Construction Sealants Market, by Type, 2016-2026 (Kilo Tons)
Table 6.8 Recent Developments: Construction Sealants in Interior Applications
Table 6.9 Recent Developments: Construction Sealants in Doors & Windows
Table 6.10 Kitchen & Sanitary: Construction Sealants Product Portfolio
Table 6.11 Doors & Windows: Construction Sealants Product Portfolio
Table 7.1 Global Construction Sealants Market by Region, 2016-2021 ($Million)
Table 7.2 Global Construction Sealants Market by Region, 2016-2021 (Kilo Tons)
Table 7.3 Asia Pacific Construction Sealants Market by Country, 2016-2021 ($Million)
Table 7.4 Asia Pacific Construction Sealants Market by Country, 2016-2021, (Kilotons)
Table 7.5 Asia Pacific Construction Sealants Market by Type, 2016-2021 (Kilotons)
Table 7.6 Asia Pacific Construction Sealants Market by Type, 2016-2021 ($Million)
Table 7.7 Europe Construction Sealants Market by Country, 2016-2021 ($Million)
Table 7.8 Europe Construction Sealants Market by Country, 2016-2021, (Kilotons)
Table 7.9 Europe Construction Sealants Market by Type, 2016-2021 (KiloTons)
Table 7.10 Europe Construction Sealants Market by Type, 2016-2021 ($Million)
Table 7.11 Key Developments
Table 7.12 North America Construction Sealants Market by Country, 2016-2021, (Kilotons)
Table 7.13 North America Construction Sealants Market by Type, 2016-2021 (Kilotons)
Table 7.14 North America Construction Sealants Market by Type, 2016-2021 ($Million)
Table 7.15 Key Developments
Table 7.16 Product Portfolio: Leading Companies
Table 7.17 RoW Construction Sealants Market by Country, 2016-2021, ($Million)
Table 7.18 RoW Construction Sealants Market by Country, 2016-2021, (Kilotons)
Table 7.19 RoW Construction Sealants Market by Type, 2016-2021 (Kilotons)
Table 7.20 RoW Construction Sealants Market by Type, 2016-2021 ($Million)
Table 7.21 Ongoing Construction Projects in South Africa
Table 7.22 Ongoing Projects in the region
Table 8.1 3M: Product Portfolio
Table 8.2 AkzoNobel: Product Portfolio
Table 8.3 Arkema: Product Portfolio
Table 8.4 BASF SE: Product Portfolio
Table 8.5 The Dow Chemical Company: Product Portfolio
Table 8.6 DuPont: Product Portfolio
Table 8.7 Evonik Industries: Product Portfolio
Table 8.8 General Electric: Product Portfolio
Table 8.9 H.B. Fuller: Product Portfolio
Table 8.10 Henkel: Product Portfolio
Table 8.11 KCC Corporation: Product Portfolio
Table 8.12 Selley’s: Product Portfolio
Table 8.13 Sika: Product Portfolio
Table 8.14 The Sherwin-Williams Company: Product Portfolio
Table 8.15 Wacker Chemie: Product Portfolio
List of Figures
Figure 1 Evolution of the Global Sealants Industry
Figure 2 Macroeconomic Trends Impacting the Global Sealants Industry
Figure 3 Key Drivers & Restraints for the Global Construction Sealants Market
Figure 4 Global Construction Sealants Market Snapshot, By Value ($Million) & By Volume (Kilotons)
Figure 5 Global Construction Sealants Market, by Product Type
Figure 6 Global Construction Sealants Market by Application ($Million)
Figure 7 Global Construction Sealants Market by Geography, By Value
Figure 8 Global Construction Sealants Market, by Country
Figure 1.1 Global Construction Sealants Market Scope
Figure 1.2 Report Design
Figure 1.3 Sources of Secondary Research
Figure 1.4 Data Triangulation
Figure 1.5 Top Down & Bottom Up Approach
Figure 2.1 Global Construction Sealants Market Dynamics
Figure 2.2 Impact Analysis of Drivers
Figure 2.3 Middle East & North Africa GDP, PPP ($ Trillion)
Figure 2.4 Impact Analysis of Restraints
Figure 3.1 Strategies Adopted by the Key Players
Figure 3.2 Share of Key Market Strategies & Developments, 2015-2017
Figure 3.3 Global Construction Sealants market: Porter’s Five Forces Analysis
Figure 4.1 Supply Chain of the Construction Sealants Market
Figure 4.2 Global Construction Sealants Market Opportunity Matrix by Region, 2016-2026
Figure 4.3 Global Construction Sealants Market Opportunity Matrix by Country, 2016
Figure 4.4 Country Share Analysis of Global Construction Sealants Market, 2016
Figure 4.5 Market Share Analysis of Construction Sealants Market, 2016 (%)
Figure 4.6 Market Share Analysis of Leading Companies in Silicone Construction Sealants Market, 2016 (%)
Figure 5.1 Global Construction Sealants Market by Resin Type
Figure 5.2 Global Construction Sealants Market by Resin Type, 2016 - 2021
Figure 5.3 Silicones Construction Sealants Market, 2016-2021
Figure 5.4 Polyurethanes Construction Sealants Market, 2016-2021
Figure 5.5 Polysulfides Construction Sealants Market, 2016-2021
Figure 5.6 MS Sealants Construction Sealants Market, 2016-2021
Figure 5.7 Others Construction Sealants Market, 2016-2021
Figure 6.1 Global Construction Sealants Market, by Application
Figure 6.2 Exterior Construction Sealants Market Overview, 2016 & 2021
Figure 6.3 Glazing Construction Sealants Market, 2016 & 2021
Figure 6.4 Stone Construction Sealants Market, 2016 & 2021
Figure 6.5 Metals Construction Sealants Market, 2016 & 2021
Figure 6.6 Other Construction Sealants Market, 2016 & 2021
Figure 6.7 Interior Construction Sealants Market Overview
Figure 6.8 Interior Construction Sealants Market, 2016
Figure 6.9 Flooring & Joining Construction Sealants Market, 2016 & 2021
Figure 6.10 Kitchen & Sanitary Construction Sealants Market, 2016 & 2021
Figure 6.11 Other Interior Construction Sealants Market, 2016-2021
Figure 6.12 Doors & Windows Construction Sealants Market, 2016-2021
Figure 7.1 Global Construction Sealants Market by Region
Figure 7.2 Regional Growth Overview of Global Construction Sealants Market (CAGR % 2016-2021)
Figure 7.3 Asia Pacific Construction Sealants Market by Country, 2016 & 2021
Figure 7.4 Factors Driving the Development in Asia Pacific Construction Sealants Sector
Figure 7.5 China Construction Sealants Market, 2016-2021
Figure 7.6 Japan Construction Sealants Market, 2016-2021
Figure 7.7 India Construction Sealants Market, 2016-2021
Figure 7.8 South Korea Construction Sealants Market, 2016-2021
Figure 7.9 Thailand Construction Sealants Market, 2016-2021
Figure 7.10 Australia & New Zealand Construction Sealants Market, 2016-2021
Figure 7.11 Singapore Construction Sealants Market, 2016-2021
Figure 7.12 Indonesia Construction Sealants Market, 2016-2021
Figure 7.13 Malaysia Construction Sealants Market, 2016-2021
Figure 7.14 RoAPAC Construction Sealants Market, 2016-2021
Figure 7.15 Europe Construction Sealants Market by Country, 2016
Figure 7.16 Germany Construction Sealants Market, 2016-2021
Figure 7.17 France Construction Sealants Market, 2016-2021
Figure 7.18 The U.K. Construction Sealants Market, 2016-2021
Figure 7.19 Italy Construction Sealants Market, 2016-2021
Figure 7.20 Turkey Construction Sealants Market, 2016-2021
Figure 7.21 Spain Construction Sealants Market, 2016-2021
Figure 7.22 Russia Construction Sealants Market, 2016-2021
Figure 7.23 RoE Construction Sealants Market, 2016-2021
Figure 7.24 North America Construction Sealants Market, 2016-2021
Figure 7.25 North America Construction Sealants Market by Country, 2016-2021
Figure 7.26 The U.S. Construction sealants Market, 2016-2021
Figure 7.27 Canada Construction Sealants Market, 2016-2021, ($Million and Kilotons)
Figure 7.28 Mexico Construction Sealants Market, 2016-2021, ($Million and Kilotons)
Figure 7.29 Rest of the World Construction Sealants Market, 2016-2021
Figure 7.30 Brazil Construction Sealants Market, 2016-2021, ($Million and Kilotons)
Figure 7.31 Argentina Construction Sealants Market, 2016-2021, ($Million and Kilotons)
Figure 7.32 Saudi Arabia Construction Sealants Market, 2016-2021, ($Million and Kilotons)
Figure 7.33 South Africa Construction Sealants Market, 2016-2021
Figure 7.34 Others Construction Sealants Market, 2016-2021
Figure 8.1 3M.: Overall Financials, 2014 – 2016
Figure 8.2 3M: Business Revenue Mix, 2014 – 2016
Figure 8.3 3M: Geographic Revenue Mix 2014 – 2016
Figure 8.4 3M: SWOT Analysis
Figure 8.5 AkzoNobel: Overall Financials, 2014-2016
Figure 8.6 Akzonobel: Net Revenue by Region, 2014-2016
Figure 8.7 Akzo Nobel N.V.: Business Revenue Mix, 2014-16
Figure 8.8 Akzo Nobel N.V.: SWOT Analysis
Figure 8.9 Arkema: Overall Financials, 2014 – 2016
Figure 8.10 Arkema: Business Segment Revenue Mix, 2014 – 2016
Figure 8.11 Arkema: Geographic Revenue Mix, 2015 – 2016
Figure 8.12 Arkema: Geographic Revenue Mix, 2014
Figure 8.13 Arkema: SWOT Analysis
Figure 8.14 BASF SE: Overall Financials, 2014-16
Figure 8.15 BASF SE: Geographic Revenue Mix, 2014-16
Figure 8.16 BASF SE: Business Revenue Mix, 2014-16
Figure 8.17 BASF SE: SWOT Analysis
Figure 8.18 The Dow Chemical Company: Overall Financials, 2014-16
Figure 8.19 The Dow Chemical Company: Net Revenue by Geography, 2014-16
Figure 8.20 The Dow Chemical Company: Net Revenue by Business Segment, 2014-16
Figure 8.21 The Dow Chemical Company: SWOT Analysis
Figure 8.22 E. I. Du Pont de Nemours and Company: Overall Financials, 2014-2016
Figure 8.23 E. I. Du Pont de Nemours and Company: Geographic Revenue Mix, 2014-2016
Figure 8.24 E. I. Du Pont de Nemours and Company: Business Segment Mix, 2014-2016
Figure 8.25 E. I. Du Pont de Nemours and Company: SWOT Analysis
Figure 8.26 Evonik: Overall Financials, 2014-2016
Figure 8.27 Evonik: Net Revenue by Geography, 2014-2016
Figure 8.28 Evonik: Net Revenue by Business Segment, 2014-2016
Figure 8.29 Evonik Industries: SWOT Analysis
Figure 8.30 General Electric – Overall Financials, 2014-2016 ($Billion)
Figure 8.31 General Electric– Business Segment Revenue Mix (Industrial Operating Segments), 2014-2016 ($Billion)
Figure 8.32 General Electric– Business Segment Revenue Mix (Financial Operating Segments), 2014-2016 ($Billion)
Figure 8.33 General Electric– Geographic Revenue Mix, 2014-2016 ($Billion)
Figure 8.34 General Electric– SWOT Analysis
Figure 8.35 H.B. Fuller: Overall Financials, 2014-2016
Figure 8.36 H.B. Fuller: Net Revenue by Geography, 2015-2016
Figure 8.37 H.B. Fuller: Net Revenue by Geography, 2014
Figure 8.38 H.B. Fuller: Net Revenue by Business Segment, 2014-2016
Figure 8.39 H.B. Fuller: SWOT Analysis
Figure 8.40 Henkel: Overall Financials, 2014-2016
Figure 8.41 Henkel: Net Revenue by Region, 2014-2016
Figure 8.42 Henkel: Net Revenue by Business Segment, 2014-2016
Figure 8.43 Henkel Group: SWOT Analysis
Figure 8.44 KCC Corporation: SWOT Analysis
Figure 8.45 Selley’s: SWOT Analysis
Figure 8.46 Sika: Overall Financials, 2014-2016
Figure 8.47 Sika: Business Segment Revenue Mix, 2014-2016
Figure 8.48 Sika: Net Revenue by Region, 2014-2016
Figure 8.49 Sika: SWOT Analysis
Figure 8.50 The Sherwin-Williams Company: Overall Financials, 2014-16
Figure 8.51 The Sherwin-Williams Company: Business Revenue Mix, 2014-16
Figure 8.52 The Sherwin-Williams Company: SWOT Analysis
Figure 8.53 Wacker Chemie: Overall Financials, 2014-2016
Figure 8.54 Wacker Chemie: Business Segment Revenue Mix, 2014-2016
Figure 8.55 Wacker Chemie: Net Revenue by Region, 2014-2016
Figure 8.56 Wacker Chemie: SWOT Analysis
The global construction sealants industry is progressing with an incessant growth in the building & construction industry. A sealant is a high-performance compound used majorly in the construction and transportation industries. The desired properties for any compound to qualify as a good sealant include durability, excellent adhesion to substrate, little shrinkage, excellent weathering, high temperature resistant, corrosion resistant, and Ultraviolet (UV) resistance, having a long service life cycle of 10 – 20 years. With growing population & urbanization in the growing economies, increasing governmental and private sector investments in the construction, and rising disposable incomes of people leading to incased renovation activities are driving this market. Silicone, polyurethane, polysulfides, and MS sealants are the most commonly used sealants as they offer the desired properties among other, traditional materials such as, wax, bitumen, and other adhesives & bonding agents. With substantial advancements in the construction industry, sealants have evolved as a predominant material with many applications.
The market for construction sealants is anticipated to advance at a CAGR of 6.5% and attain value of $10,700.4 million by 2021. This enormous growth is being anticipated due to the various benefits provided by the construction sealants such as, high durability & strength, increased adhesion to substrates, easy bonding, and safe handling. The demand of construction sealants will majorly be driven by the rising demand of construction sealants in the residential & non-residential buildings, primarily for glazing and paneling, demand from the developing countries, and the BRICS region, and increasing maintenance, and renovation activities in the construction sector. The various governmental regulations, increasing R&D activities for cost cutting in products such as, MS sealants are expected to generate opportunities for low VOC, and sustainable sealants in this market. Additionally, increasing application areas in the emerging economies such as China, India, and Brazil are expected to be the major cause for the rise in demand of the construction sealants.
Increased globalization, global population, urbanization, and infrastructural developments are leading to a rise in the demand for sealants. For instance, it is estimated that 66% of the buildings that will exist in the country in 2030, are yet to be constructed which is creating an urgent need for construction sealants products. The growth of this market is driven by certain other factors such as:
• Rising demand of the Construction Sealants in Residential & Non-Residential Buildings, Primarily in Glazing and Paneling
• High Demand from the developing & BRICS Countries
• Increasing Maintenance and Renovation in the Construction Sector
However, there are certain challenges that are inhibiting the overall growth of the construction sealants market:
• Volatility of Raw Materials
• Environmental Regulations in Various Regions
The global construction sealants market is expected to grow from $7,810.0 million in the year 2016 to $XX million by 2021, at a CAGR of 6.5% from 2016 to 2021. By volume is estimated to rise at a CAGR of 5.1% from 2016 to 2021. Sealants play a crucial role in joining and sealing the gaps in the buildings to form a barrier for infiltration or exfiltration of moisture, air and airborne particles. Sealants are used in several different applications and are a substantial part of the building. The key product types include construction sealants based on silicone, polyurethanes, polysulfides, MS Sealants, and others. The silicone-based sealants are majorly utilized in the building construction applications involving exterior, interior, and doors & windows. Polyurethane based sealants are also used commonly in the buildings. Apart from these, MS sealants and polysulfides are also some of the important construction sealants used in a large number of commercial as well as industrial buildings.
In the year 2016, silicone-based sealants dominated the market holding a share of XX% by value and XX% by volume, however, MS sealants segment is expected to register the faster growth rate in the market from 2016 to 2021. The key factor driving the fast pace growth of MS sealants is the high investment made by companies in this market to develop low-cost sealant technologies. Currently, this product is available at a much higher price than other sealants, which is a challenge for the market of this product.
Advanced properties of sealants such as high elasticity, flexibility, higher strength than putties and caulks, thermal, electrical, and acoustic insulation make their usage suitable for numerous applications in the construction industry. The global construction sealants market can be categorized by application into three major categories viz. exterior, interior, and doors & windows. The exterior category includes sealants used for glazing and bonding with glass, stone (concrete), metals (aluminum, etc.), and others. The interior category includes sealants used for applications such as flooring, joining, bathroom and kitchen applications. The last category belongs to the sealants used in doors and windows.
The exterior application of sealants dominated the market with a market share of XX% by volume, and XX% by value, in 2016, and a similar trend is expected to be prevalent in the future. The exterior application of construction sealants is further segmented by the substrate that the sealants are used on, such as glazing (glass), stone (concrete), and metals (aluminum). The glazing sealants for exterior applications was estimated at $2,500.7 million, and 418.1 KT in 2016. The interior application of construction sealants in a building include the various applications such as flooring, joining, bathroom, kitchen and other sanitary applications, used for waterproofing, filling gaps, preventing air and water leakages, preventing ingress of water and moisture to building interior, water damage to tiles and floors, reinforced concrete corrosion, structural steel damage, mold development, materials or snow from entering openings or joints, among others. The flooring & joining segment dominates the interior applications owing to the increasing usage of construction sealants in this segment. This segment is also the fastest growing and is expected to register a CAGR of 6.6% by value and 5.6% by volume from 2016 to 2021. 3M, Bostik, Wacker Chemie, and The Dow-Corning companies are some of the companies offering sealants for the interior applications.
The trends of the construction sealants market vary with different geographical regions. The market holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC) and Rest of the World (RoW). Presently, Asia Pacific is at the forefront of the construction sealants market, with high market penetration in the countries such as the China, Japan, and India, among others. Also, during the forecast period, the Asia Pacific region is projected to display the fastest market growth of over 6.4% and 7.7% by volume and value, respectively from 2016 to 2021. The region presents immense scope for market development, owing to the increasing urban population size, growing governmental and private sector investments in construction industry, and favorable environmental policies in the region.
Competitive Landscape
The competitive landscape for the construction sealants market demonstrates an inclination of the companies towards adopting strategies such as product launch and development, and partnerships and collaborations. The companies adopt various strategies in order to gain and maintain their presence in the market. Some of the strategies adopted by the construction sealants manufacturers include agreements, collaborations, contracts, joint ventures & partnerships, expansions, new product launches & developments, and mergers & acquisitions. Among all the strategies adopted, business expansions dominated the construction sealants market, and are the most widely adopted strategies among the sealant manufacturers. For instance, in September 2017, Evonik opened a new plant for specialty silicones in Shanghai, China to increase its market leadership in organically modified specialty silicones and enhance their customer base.
The established players in the market are focusing on product launches and developments to introduce new technologies for broadening their existing product portfolios. Sika, H.B. Fuller, Wacker Chemie, Evonik Industries, Bostik, 3M, Henkel, BASF SE, and Arkema, among others, are the prominent players in the construction sealants market. The market is severely fragmented with the presence of innumerable companies that compete with each other.
The key players operating in the construction sealants market have ramped up their product launch activities over the recent years, to generate public awareness about their existing and new products and technologies and compete with the competitors’ product portfolio. With the increasing growth in the global market, companies operating in this industry are compelled to come up with collaborative strategies to sustain in the intensely competitive market. For instance, in September 2017, H.B. Fuller signed an agreement to acquire Royal Adhesives and Sealants worth $1.58 billion. The latter is a leading manufacturer of high-value specialty adhesives and sealants. This acquisition is expected to further enhance H.B. Fuller’s position as a global leader in the adhesives industry.
The strategy for mergers and acquisitions are adopted by the key players in this industry. The industrial leaders in this market are opting for this strategy to maintain their market position and restrict new entrants from expanding their operations in the market. One of the leading player in the sealants market, Bostik acquired XL Brands (U.S.), a leader in floor covering adhesives and sealants in the U.S. With this acquisition, Arkema-Bostik plans to exceed its sales by one third by 2023.
Asia Pacific
China
Japan
India
South Korea
Thailand
Australia & New Zealand
Singapore
Indonesia
Malaysia
Rest of Asia Pacific
Europe
Germany
France
U.K.
Italy
Turkey
Spain
Russia
Rest of Europe
North America
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According to a new market intelligence report by BIS Research, titled ‘Global Construction Sealants Market- Analysis and Forecast (2017-2021)’, the global construction sealants market is expected to reach a value of $10.7 billion and 1,795.1 Kilotons by 2021, growing at a CAGR of 6.5% by value, and 5.4% by volume between 2016 and 2021. The demand of construction sealants will majorly be driven by the rising demand of them in the residential & non-residential buildings, primarily for glazing and paneling, demand from the developing countries, and the BRICS region, and increasing maintenance and renovation activities in the construction sector. The various governmental regulations, increasing R&D activities for cost cutting in products such as, MS sealants are expected to generate opportunities for low VOC and sustainable sealants in this market. Additionally, increasing application areas in the emerging economies such as China, India, and Brazil are expected to be the major cause for the rise in demand of the construction sealants.
Construction sealants are high performance compounds used majorly in construction and transportation industries. The desired properties for any compound to qualify as a good sealant include durability, excellent adhesion to substrate, little shrinkage, excellent weathering, high temperature resistant, corrosion resistant, and ultraviolet (UV) resistance, having a long service life cycle of 10 – 20 years.
With growing population & urbanization in the growing economies, increasing governmental and private sector investments in the construction, and rising disposable incomes of people leading to increased renovation activities are driving this market. Silicone, polyurethane, polysulfides, and MS sealants are the most commonly used sealants as they offer the desired properties among other traditional materials such as wax, bitumen, and other adhesives & bonding agents. With substantial advancements in the construction industry, sealants have evolved as a predominant material with a large number of potential applications such as exterior (glass/glazing, metal, stone/concrete), interior (flooring & joining, sanitary & kitchen, others), doors & windows. However, due to certain disadvantageous characteristics of sealants such as low thermal insulation, low adhesion on painted surfaces, leakage of air and moisture, a large amount of the sales is spent on the R&D activities by the leading companies.
According to Nikita Kheterpal, Research Analyst at BIS Research, “In the year 2016, silicone-based sealants dominate the market holding a share of 55.2% by value and 58.1% by volume., The leading sealant formulators such as, Henkel, H.B. Fuller, Bostik, Sika, 3M, Dow, are operating in a highly-competitive market by investing substantially in R&D, brand building, and building strong relationships with their customers to support and maintain their competitive market share from both sales-based, and cost-focused efforts.”
This market report provides a thorough analysis of the recent trends influencing the global construction sealants market, along with a comprehensive study of the future trends and developments. The report is a compilation of various segmentations of the market, including market breakdown by resin type, application & sub-application segments, and different geographical regions. It also includes a separate segment on industry analysis, wherein, the opportunity matrix, country share analysis, and market share of key companies, globally, and for silicone sealants is provided to compare the various regions, and the market players on basis of market share and growth rates.
Some of the key players in the global construction sealants market include Axalta Coatings Systems, PPG Industries Inc., AkzoNobel N.V., BASF SE, Sika, H.B. Fuller, Wacker Chemie, Evonik Industries, Bostik, 3M, Henkel, and Arkema. These companies provide a broad product portfolio for specific needs and applications.
This report is a meticulous compilation of research on more than 100 players in the construction sealants ecosystem, and draws upon insights from in-depth interviews with key opinion leaders of more than 50 leading companies, market participants, and vendors. The report also profiles around 15 companies among which include Sika, H.B. Fuller, Wacker Chemie, Evonik Industries, Bostik, 3M, Henkel, BASF SE, and Arkema, among others.
Key questions answered in the report:
• What was the size, in terms of value ($million) and volume (kilotons) of the construction sealants market in 2016, and what will be the growth rate during the forecast period, 2017-2021?
• What are the different resin types of the construction sealants market by the respective manufacturers?
• What was the generation in terms of value ($million) and volume (kilotons) of the construction sealants market for different resin types in 2016, and what is their futuristic growth prospect?
• What was the generation in terms of value ($million) and volume (kilotons) of the different resin types by various applications in the construction sealants market in 2016, and what is their futuristic growth prospect?
• What is the market size in terms of value ($million) and volume (kilotons) of different applications and sub-applications, in terms of value and volume and their respective growth prospects and key developments?
• What is the construction sealants market size in terms of value ($million) and volume (kilotons) for different regions, on the basis of various countries and resin types?
• What are the key trends and opportunities in the market, pertaining to the countries included in different geographical regions?
• How attractive is the market for different stakeholders present in the industry by analyzing the futuristic scenario of the construction sealants market?
• What are the major driving forces that tend to increase the demand for the construction sealants market during the forecast period?
• What are the major challenges inhibiting the growth of the global construction sealants market?
• What kind of new strategies are being adopted by the existing market players to further expand in the industry?
• What is the competitive strength of the key players in the construction sealants market by analyzing through market share analysis?
• What is the competitive strength of the key players in the silicone construction sealants market by analyzing through market share analysis?
• Who are the key market players in the market? What are their financials, key products & services, and SWOT analysis?
3M
AkzoNobel
Arkema (Bostik)
BASF SE
H.B. Fuller
Henkel
The KCC Corporation
Selley’s
Sika
Wacker Chemie
Global Construction Sealants Market Anticipated to Reach $10.2 Billion by 2021, Reports BIS Research