Europe Sealants Market Trends

Statistics for the 2023 & 2024 Europe Sealants market trends, created by Mordor Intelligence™ Industry Reports. Europe Sealants trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

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Corporate License

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Market Trends of Europe Sealants Industry

This section covers the major market trends shaping the Europe Sealants Market according to our research experts:

The Construction End-User Segment to Dominate the Market

  • In Germany, non-residential and commercial buildings are expected to witness significant growth prospects in the coming years. The country's total buildings and construction work permits in 2020 were around 232 thousand units, an increase of around 4.3% compared to 2019. Additionally, the increasing need for schools, government offices, and healthcare facilities is expected to boost the construction industry in the country.
  • Furthermore, the new German Social Democrat government is focusing heavily on the housing crisis in the country. The government is creating an entirely new ministry to supervise its housing plans. The government has pledged more than 400,000 new housing units every year from 2022, 100,000 of which will be publicly subsidized. This is expected to fuel the demand for sealants from the residential segment.
  • Similarly, the United Kingdom's sealants market is driven by the construction industry due to diverse applications, such as roofing, plumbing, and flooring. The government plans to invest USD 27.8 billion in housing, science and innovation, transport, and a 5G network over the next five years, of which around USD 8.7 billion has been allocated for the construction of new homes and USD 4.8 billion for infrastructure.
  • In addition, the government has plans to invest USD 122.9 billion in large-scale housing projects, along with key social infrastructures, such as schools and hospitals. Under these projects, the government promised to build about 1,000,000 homes, which is expected to increase the demand for sealants.
Europe Sealants Market, CAGR (%), by End-User industry, 2022-2027

Germany to Dominate the Market

  • Germany is one of the largest consumers of sealants in the region. Growing construction activities, increasing consumption in the automotive industry, and the growing healthcare and aerospace industries are key factors driving the consumption of sealants in the country.
  • In 2021, the German government initiated the construction of the Digital Park Fechenheim on 10.7 hectares of area, with a gross floor area of 100,000 m2, in Frankfurt-Fechenheim, Hesse, Germany, with an investment of USD 1,179 million. The construction work started in Q3 2021 and is expected to be completed in Q4 2028. In the third quarter of 2021, the country started the construction of the Central Hospital in Lörrach, Baden-Wuerttemberg, with an investment of USD 418 million, which is expected to be completed by 2025.
  • Germany has achieved significant development in the healthcare and automotive industries over the decades. Sealants are used in applications in healthcare, such as assembling and sealing medical device parts. The automotive industry exhibits significant applicability of sealants to various substrates, such as glass, metal, plastic, and painted surfaces. These are mostly used in engines and car gaskets. Germany has registered about 23% of the market share in terms of the production of premium cars in 2021.
  • With rising concerns after the pandemic period to overcome the deficiencies of the healthcare system, the German government's policies are drawn toward making the healthcare system more efficient than in pre-pandemic times, such as an infusion of funds under the European Regional Development Fund to fill the gaps in the healthcare industry with public funding. The medical technology market is expected to register a CAGR of 5.28% in 2022-2027, leading to an increase in demand for sealants required for healthcare in the forecast period.
Europe Sealants Market - GERMANY NEW FLOOR AREA, VOLUME IN SQUARE FEET, 2017-2021

Europe Sealants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)