The global construction industry is reportedly driving the market for construction sealants, according to a new report from BIS Research. The construction sealants market is anticipated to advance at a compound annual growth rate (CAGR) of 6.5% by value, and 5.4% by volume from 2016 to 2021, and reach $10.7 billion and 1,795.1-KT by 2021.
Demand for construction sealants will reportedly be driven by the rising demand of them in the residential and 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.
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