LATEX SEALANT MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

Increasing usages of sealants across the residential and commercial buildings

Latex sealants are used for attaching drywalls, bathroom flooring, ceiling application, fixtures to wall, molding application, and tiling applications in the construction sector. These are the major factors to spur the demand for latex sealants. Moreover, rapid industrialization and urbanization, surge in technological investments, research and development activities are boosting the global latex sealant market growth.

North America is a leading consumer across the global latex sealants market. The increasing residential and commercial activities throughout the region is expected to drive the global latex sealant market growth. In addition, growing investments in infrastructural developments by the government is driving the demand for latex sealants across the region.

On the other hand, in Middle East & Africa, developing countries such as Saudi Arabia is witnessing rapid urbanization growth which is further creating demand for new infrastructural projects. This results in the global growth of latex sealants market.

Market Restraints

The side effects of VOC emission during the production process

The volatile organic compounds (VOC) are emitted  during the manufacturing process of latex sealants. This VOC causes some health disorders such as fatigue, shortness of breath, irritation to skin, dizziness, and others.  In addition, rising awareness about the environmental issues and adverse effects of sealants are likely to hamper the global latex sealant market growth. Nevertheless, global key players of latex sealants are focusing on the production of latex sealants with less emission of VOC.

Market Opportunities

The soaring demand from developed and developing economies for environment-friendly, and green sustainable sealants is projected to create ample opportunities across the global sealants market.