Construction Sealant Market Size to Grow by $ 2.60 bn During 2021-2025
Technavio has been monitoring the construction sealant market and it is expected to grow by $ 2.60 bn, accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Construction Sealant Market: APAC to lead market growth during the forecast period
Construction Sealant Market: Key Competitors
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Arkema SA, BASF SE, deVan Sealants Inc., DuPont de Nemours Inc., General Electric Co., H.B. Fuller Co., Henkel AG & Co. KGaA, PPG Industries Inc., and Sika AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Construction Sealant Market: Key Highlights of the Report for 2021-2025
Technavio has been monitoring the Global Construction Sealant Market and it is expected to grow by USD 2.60 billion accelerating at a CAGR of almost 6% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
Construction Sealant Market: Growing Demand from Developing Economies to Drive Growth
The growth of the housing market in various countries in APAC and Central and South America such as India, Thailand, Philippines, Indonesia, Peru, Colombia, Brazil, Mexico, and Chile has led to an increase in demand for sealants from residential and non-residential end-use. This growth is indicative of the growing investments by consumers in the housing market in these countries. It also signifies that there are many opportunities for growth in the construction end-use segment for vendors of sealants during the forecast period.
Furthermore, the increased infrastructure spending in these countries is expected to drive the global construction sealant market. Hence, construction activities can also increase the demand for construction sealants during the forecast period.
Construction Sealant Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Arkema SA, BASF SE, deVan Sealants Inc., DuPont de Nemours Inc., General Electric Co., H.B. Fuller Co., Henkel AG & Co. KGaA, PPG Industries Inc., and Sika AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
