Market Size of Europe Sealants Industry
Study Period | 2024 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | |
CAGR | 6.20 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Sealants Market Analysis
The Europe Sealants Market is likely to be valued at around USD 2,600 million by the end of this year, and the market is projected to register a CAGR of 6.2% during the forecast period. The COVID pandemic negatively affected the market for sealants in Europe. However, post-COVID pandemic, the rising demand from the construction and healthcare industries is expected to revive the market for sealants in the region.
- The increasing demand from the construction industry is expected to drive the market for sealants. However, the growth is likely hindered by rising environmental concerns and VOC emissions regulations related to sealants.
- The innovation and development of bio-based sealants will likely create opportunities for the sealants market.
- Germany is the largest market for sealants in the region, where the consumption is driven by the end-user industries, such as automotive, construction, and healthcare.
Europe Sealants Industry Segmentation
Sealants are designed to close gaps between surfaces and prevent dust, water, or dirt from entering them. The sealants market is segmented by resin type, end-user industry, and geography. By resin type, the market is segmented into acrylic, epoxy, polyurethane, silicone, and Other resins. By end-user Industry, the market is segmented into aerospace, automotive, building and construction, healthcare, and other end-user industries. The report also covers the market size and forecasts for the market in six countries across Europe. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons) and revenue (USD million).
Europe Sealants Market Size Summary
The Europe sealants market is poised for growth, driven by increasing demand from the construction and healthcare sectors. The market, which experienced a downturn due to the COVID-19 pandemic, is expected to recover as these industries expand. The construction sector, in particular, is a significant contributor to market growth, although environmental concerns and regulations regarding VOC emissions pose challenges. Innovations in bio-based sealants present new opportunities for market expansion. Germany stands out as the largest market within the region, with its consumption of sealants fueled by the automotive, construction, and healthcare industries. The country's focus on addressing the housing crisis and expanding healthcare facilities is anticipated to further boost demand for sealants.
In addition to Germany, the United Kingdom's sealants market is also driven by construction activities, with government investments in housing and infrastructure projects expected to increase demand. The German government's initiatives to enhance the healthcare system and the automotive industry's reliance on sealants for various applications contribute to the market's growth. The market is characterized by partial fragmentation, with key players such as Sika AG, 3M, Arkema Group, Henkel AG & Co. KGaA, and Soudal Holding N.V. actively participating. Recent product launches, like Hodgson Sealants' HYSPEC 25, highlight ongoing innovation within the industry, catering to diverse applications in construction.
Europe Sealants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Demand from the Construction Industry in Germany
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1.1.2 Growing Usage in the Healthcare Industry
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1.2 Restraints
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1.2.1 The Rising Environmental Concerns
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1.2.2 Other Restrains
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin
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2.1.1 Acrylic
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2.1.2 Epoxy
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2.1.3 Polyurethane
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2.1.4 Silicone
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2.1.5 Other Resins
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2.2 End-User Industry
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2.2.1 Aerospace
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2.2.2 Automotive
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2.2.3 Building and Construction
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2.2.4 Healthcare
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2.2.5 Other End-user Industries
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2.3 Geography
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2.3.1 France
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2.3.2 Germany
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2.3.3 Italy
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2.3.4 Russia
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2.3.5 Spain
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2.3.6 United Kingdom
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2.3.7 Rest Of Europe
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Europe Sealants Market Size FAQs
What is the current Europe Sealants Market size?
The Europe Sealants Market is projected to register a CAGR of greater than 6.20% during the forecast period (2024-2029)
Who are the key players in Europe Sealants Market?
Sika AG, Henkel AG & Co. KGaA, Arkema Group, Soudal Holding N.V and 3M are the major companies operating in the Europe Sealants Market.