San Jose, California - The global sealants market is projected to reach $9.5 billion by 2015, driven by strong demand in the developing countries of Asia-Pacific and Latin America, according to a new report by Global Industry Analysts Inc.
GIA said in a 12 April news release that strong construction activity in developing countries, including the BRIC countries, is fuelling growth of polyurethane sealants. Technological advancements are additionally expanding the use of these sealants to "on-site" construction projects, GIA said, adding that silyl-terminated polyurethanes, for example, are moisture-cured, paintable and one-component sealants that are finding new application possibilities in energy-efficient construction projects.
The report, titled 'Sealants: A Global Strategic Business Report', provides a review of market trends, company profiles, mergers, acquisitions and other strategic industry activities, GIA said. It also provides market estimates and projections in US$ million and £ million for all major geographic markets.
The report also analyses key segments by chemical type, including polyurethane.