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 the construction sector in Japan coupled with the 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.
The Important Elements of Japan Construction Sealants & Bonding Market
With the 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 the 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, the 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 a 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, roads, drainage systems, etc. Therefore, the segment is expected to witness growth in the coming years.
The Major Competitors of Japan Construction Sealants & Bonding Market
- 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 the 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 make sound investment decisions. 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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