Construction Sealants Market Share (2017-2021)
Sealants are materials that act as a layer to fill the gap and remove moisture, air, oils, and chemicals between materials by adhering to the surface. Their properties 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. These applications include glazing, flooring, sanitary & kitchen, doors, and windows, among others. The increasing investments in the construction industries in regions such as Asia Pacific and Middle East & Africa, and renovation activities in the North America and the European regions, are driving the market of construction sealants, globally. For instance, polyurethane foams are sold in small volumes in small containers to fill the gaps and seal the extra spaces in buildings and homes.
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The sealants also act as energy-saving materials as they prevent the leakage of heat, and moisture, and are used in waterproofing, high-performance construction joints, and glass bonding/sealing, insulating glass, among others. In the past, natural sealants such as mud, grass and reeds were used to seal huts and buildings to be safe from the extreme weather conditions. Other sealants such as pine pitch, bitumen, wax, tar, and natural gum have now been replaced by silicones, polyurethanes, polysulfide, and MS sealants. In the 17th century, putty was used for glazing and sealing the window panes with linseed oil and chalk, and caulks. Later, in the 1920s acrylic polymers, butyl polymers and silicone polymers were used as sealants which commercialized in the 1960s and became widely available.
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 global construction sealants market, by application was dominated by the exterior applications that include glazing and bonding with materials such as glass, concrete, metals, among other substrates. In 2016, the exterior applications for the global construction sealants held a market share of XX%, by volume. The market size was XX KT in 2016, and is estimated to reach XX KT by 2021, registering a CAGR of XX% in the forecast period from 2016 to 2021.
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