According to the research report titled ‘Global Construction Sealants Market Size study, by Resin Type (Silicone, Polyurethane, Polysulfide, Plastisol, Others), by End use( Glazing, Flooring & Joining, Sanitary & Kitchen, Others)and Regional Forecasts 2021-2027’, available with Market Study Report, global construction sealants market was worth USD 9 billion in 2020 and is expected to register 5.6% CAGR with a valuation of USD 13.2 billion over 2021-2027.
 

Surging demand from buildings & construction sector, coupled with soaring investments in construction activities, and escalating demand for low VOC (volatile organic compound), green, and sustainable sealants are catalyzing the growth of global construction sealants market.
 

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On the contrary, stringent environmental directives regarding the use of sealants is likely to hamper the business domain over the projected timeframe.
 

For the unversed, silicone sealants generate strong adhesive bonding that can resist chemicals, moisture and weathering and are used for caulking cracks, glazing joints in kitchen, bathroom, pools, and sealing gaps for window glass, door frames, baseboards, and many more.
 

The government of India announced an investment of USD 31,650 billion for building 100 smart cities. Notably, 500 cities and 100 smart cities are slated to attract investments worth USD 28.18 billion by 2025. Hence, such initiatives by different governments are poised to boost the demand for construction sealants.
 

Speaking of resin type, worldwide construction sealants industry space is bifurcated into plastisol, polyurethane, silicone, polysulfide, and others, whereas in terms of end user terrain, the market scenario is classified into flooring & joining, glazing, sanitary & kitchen, and others.
 

From regional point of view, North America, Latin America, Asia-Pacific, and Europe are key growth avenues for the market partakers. The document claims that Asia Pacific held major industry share in the recent past, owing to numerous construction activities.
 

Leading companies in global construction sealants industry sphere include The 3M Company, BASF SE, Henkel AG & Co. KGaA, The Dow Chemical Company, Wacker Chemie AG, H.B. Fuller Company, KCC Corporation, Tremco Incorporated, Bostik (Arkema Group), and Litokol.