Japan Construction Sealants & Bonding Market to be Valued USD 737.49 Million by 2025
According
to TechSci Research report, “Japan
Construction Sealants & Bonding Market Technology (Reactive, Hot Melt,
Solvent Based, Water Based and others), By Resin Type (Polyurethane Resin,
Modified Silicone, Polysulfide, Butyl Rubber, Acrylic, Acrylic Urethane &
Others), By Component (One Component, Two Component, Others), By Application
(Building Envelope(Facade Waterproofing, Façade Air Barriers, Window & Door
Installation, Roof Waterproofing), Bonding (Flooring Covering, Floor
Preparation & Maintenance, Interior Sealing, Joint Sealing (Floor,
Pavement) & Others), By End Use
Industry (Residential, Commercial, Civil
Engineering & Others), By Region, Competition, Forecast &
Opportunities, 2025”, the construction sealants & bonding market in Japan valued USD
586.36 Million in 2019 and is projected to grow at CAGR of 5.39% during the
forecast period. Robust
growth in construction sector in Japan coupled with implementation of favorable
government policies in order to support construction and infrastructure growth
in Japan are the primary factors expected to influence the demand for
construction sealants in the country.
With increasing modular construction market in Japan, the overall
construction sealant market would experience rapid growth in the coming years.
With growing urbanization in the country, industries have started investing in
modular construction eventually moving from traditional onsite projects to
offsite manufacturing-style production for better sustainability. In 2018,
Sekisui House, Japan’s largest homebuilder formed a joint venture with the UK
government and Urban Splash, to build homes using modular construction and has
already built 43,735 homes. This increasing adoption of prefabricated or
modular construction in country on account of increasing housing demand and
lower cost of modular construction, would spur the demand for sealants and
bonding for overall structural integrity and waterproofing.
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Japan construction sealants & bonding market can be segmented based
on technology, resin type, component, application, end use industry and
region. Based on the end use industry, market can be segregated into residential,
commercial, civil engineering & others. Civil engineering is the fastest
growing end use segment for Japan construction sealant during the forecast
period with the growth rate of around 4.60% CAGR by volume. Japan is a
disaster-prone country, rapid disaster events occurring in the country demand
continuous refurbishing of public infrastructure such as bridges, road,
drainage system, etc. therefore, the
segment is expected to witness growth in the coming years.
Konishi
Co.,Ltd, Cemedine Co., Ltd, Sunstar Engineering Solutions (SE), The Yokohama
Rubber Co Ltd, Shin-Etsu Chemical Co., Ltd and Dow Toray Co., Ltd. among others
are the leading players operating in the Japan Construction Sealants &
Bonding market. The companies operating in the market are using strategies such
as product launches and investing in research & development to increase
their share in the country. .
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“The demand for silicone
rubber sealants in various applications within the country’s construction
industry has witnessed an uptrend over past few years and is anticipated to
further grow in the coming years. Certain advanced properties of modified
silicone rubber make it more versatile for use in construction, especially in
both low and high temperature sealant applications. They can be used in a
variety of forms viz., adhesives, sealants, and molding rubbers for coating
purposes due to their excellent adhesion ability to glass, ceramics and
plastics. Silicone rubber also helps in providing protection from water, dust
and ingress while increasing a building’s overall life by countering external
harm such as absorbing vibrations, etc.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Japan Construction Sealants & Bonding Market Technology
(Reactive, Hot Melt, Solvent Based, Water Based and others), By Resin Type
(Polyurethane Resin, Modified Silicone, Polysulfide, Butyl Rubber, Acrylic,
Acrylic Urethane & Others), By Component (One Component, Two Component,
Others), By Application (Building Envelope(Facade Waterproofing, Façade Air
Barriers, Window & Door Installation, Roof Waterproofing), Bonding
(Flooring Covering, Floor Preparation & Maintenance, Interior Sealing,
Joint Sealing (Floor, Pavement) &
Others), By End Use Industry (Residential, Commercial, Civil Engineering & Others),
By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of Japan Construction
Sealants & Bonding market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers to take sound
investment decision. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in the
Japan Construction Sealants & Bonding market.
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