Construction Sealants Market Size, Share, Growth Analysis, By Resin Type(Silicone sealant, Polyurethane sealant, Plastisol sealant, Emulsion sealant), By Technology(Water-based, Solvent-based, Reactive, and Others), By Region - Industry Forecast 2024-2031

Drivers

Growing demand for sealants

• The increasing demand for global construction sealant market is primarily driven by the growing utilization of sealants for flooring and expansion jointing in both commercial and residential building structures. This trend is particularly prominent in emerging economies where there is a rapid development of residential buildings. Moreover, increasing environmental concerns and the push for sustainable practices have led to the development of lightweight and green buildings, resulting in significant demand for construction sealants worldwide.

Restraints

Government regulations

• The growth of the global construction sealant market is hindered by government regulations in multiple countries aimed at reducing volatile organic compound (VOC) emissions. Construction sealant manufacturers worldwide make significant efforts to prioritize safety and mitigate health issues related to VOC (volatile organic compound) emissions from their chemical products. This dedication has notable impacts on the production capabilities of companies operating in Europe and North America. Both regions are subject to stringent environmental laws governing the manufacturing of chemicals and petroleum-based items.

• Regulatory bodies such as the Epoxy Resins Committee (ERC), the European Commission (EC), and other relevant agencies play a pivotal role in overseeing the production of solvent-based products within Europe and North America. These stringent regulations, while necessary, can sometimes impede the expansion and growth of manufacturers in the industry.