From GlobeNewswire: 2024-11-13 10:13:00

The Construction Sealants Market is projected to reach USD 6.4 billion by 2032, with a CAGR of 3.9% from 2024 to 2032. Green building trends are driving demand for sustainable sealants globally, especially in the building & infrastructure segment. Advanced materials like silicone and hybrid polymers are gaining popularity for their durability. Emerging markets in Asia-Pacific offer growth opportunities due to urbanization and infrastructure development.

In 2023, Asia Pacific held the largest market share in the construction sealants market at 44%, driven by rapid industrialization and urbanization. Silicone resin dominated the market with a 52% share, known for its performance in various sealing applications. Glazing applications accounted for 44.6% of the market, enhancing energy efficiency and structural integrity.

Recent developments include Dow Chemical and Sika launching new high-performance sealants for residential and commercial construction. The market is set for robust growth due to sustainable building materials and technological advancements. Asia-Pacific, especially in emerging markets, holds significant opportunities for the construction sealants market’s expansion.

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Read more at GlobeNewswire: Construction Sealants Market Projected to Reach USD 6.4