Global Caulk Market - Segment Analysis, Opportunity Assessment, Competitive Intelligence, Industry Outlook 2016-2023


Posted November 13, 2019 by SDMR1234

This will create lucrative opportunities for caulk manufacturers in the upcoming years.

 
Caulk is a kind of filler material used to seal leakages in construction or pipelines. Caulking provides advantages such as reduction in noise transmission, thermal insulation, and many more. The global Caulk market was valued at US$ xx million in the year 2018 and is expected to reach US$ xx million by the year 2023, growing at a CAGR of approximately 7.2%. In terms of volume, the market was XX tonnes in 2018 and is expected to reach XX tonnes by the year 2023.
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The construction sector is booming across the world. Due to the rise in disposable income in developing economies, people are adopting a more healthy and comfortable lifestyle. These factors result in a significant growth of modernizing and renovation activities in emerging economies. These factors are driving the global caulk market.
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The caulk market has been driven by an increasing demand for durable sealants and adhesives from the building & construction industry. Moreover, a rise in repair activities in transportation, roofing, and other DIY applications, is also expected to fuel the growth of the caulk market. Most of the caulk materials emit volatile organic compounds (VOC). VOC include a variety of chemicals that have long term adverse effects on health. The growing environmental concerns and the implementation of stringent regulations is expected to impede the growth of the global caulk market during the forecast period. For instance, the USA Green Building council’s ‘LEED’ program is inspiring caulk manufacturers to produce environment-friendly caulk or water-based caulk materials. This will create lucrative opportunities for caulk manufacturers in the upcoming years.
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Issued By SDMR
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Country India
Categories Biotech , Business , Miscellaneous
Tags caulk market , caulk market size , caulk market type
Last Updated November 13, 2019