Key Findings
The North America sealants market is registered to project a CAGR of 5.52% in terms of revenue, and 4.43% in terms of volume, during the forecast period of 2021 to 2028. The presence of numerous end-users, the easy availability of raw materials, and the positive construction forecasts are expected to fuel the region’s market growth.
Market Insights
The North America sealants market is analyzed through the assessment of Canada and the United States. Canada’s manufacturing industries are rapidly growing, owing to the lucrative business policies for the domestic as well as global markets, and a strong research and development infrastructure. The Comprehensive Economic and Trade Agreement (CETA) is anticipated to provide Canada with advantaged access to other global markets. The agreement also has the potential to bolster bilateral trade, particularly between Canada and the European Union, at least by $20 billion, annually.
On the other hand, Canada’s construction industry is the second-largest across the North American region. The sector is also anticipated to augment at a decent pace, through 2024. The country’s residential and commercial construction rates observe substantial growth, primarily fueled by rising immigration and government initiatives. As a result, this factor positively affects fresh constructions. For instance, Canada’s total value of investments in the building construction sector, in 2018, witnessed a 2.5% growth, reaching a total of $169.8 billion, after a significant 7.2% increase in the previous year. Besides, the key growth driver for Canada’s construction sector entails the increasing investments within the non-residential sector. Hence, these factors are expected to fuel Canada’s sealants market, during the forecast period.
Competitive Insights
Leading players operating in the market include, Momentive Performance Materials Inc, 3M Company, HB Fuller Company, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments