France Sealants Market Size
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 360.02 Million |
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Market Size (2028) | USD 448.33 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.64 % |
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Fastest Growing by End User Industry | Healthcare |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
France Sealants Market Analysis
The France Sealants Market size is estimated at 360.02 million USD in 2024, and is expected to reach 448.33 million USD by 2028, growing at a CAGR of 5.64% during the forecast period (2024-2028).
360.02 Million
Market Size in 2024 (USD)
448.33 Million
Market Size in 2028 (USD)
4.38 %
CAGR (2017-2023)
5.64 %
CAGR (2024-2028)
Largest Market by End-user Industry
59.87 %
value share, Building and Construction, 2023
In the French sealants market, building and construction is the dominant end-user industry owing to the wide range of applications, including joint sealing, heat insulation, glazing, and façade.
Fastest Growing Market by End-user Industry
5.65 %
Projected CAGR, Healthcare, 2024-2028
The aerospace industry is expected to be the fastest-growing end-user industry segment owing to the rising demand for lightweight and high-strength components to substitute traditional aircraft joints.
Largest Market by Resin
41.83 %
value share, Silicone, 2023
Silicone sealants hold the largest share owing to their wide applications in the building and construction, and automotive industries, specifically for exterior applications.
Fastest Growing Market by Resin
6 %
Projected CAGR, Silicone, 2024-2028
Due to their sheer strength and high-impact resistance abilities, silicone sealants are mostly used in construction applications and are expected to witness the fastest growth in the market.
Leading Market Player
24.48 %
market share, Sika AG, 2021
Sika AG has been witnessing a growing market foothold in France due to the popularity of its products, mostly in the building and construction industry.
Growing construction in residential sector to foster the growth of sealants
- The French sealants market is driven mainly by the construction industry due to applications of sealants waterproofing, weather-sealing, crack-sealing, and joint-sealing. The construction industry of France surged by 10.5% in 2021 in volume, which increased the demand for sealants. The rapid growth of residential dwellings and maintenance of aged housing are expected to constantly foster the demand for sealants in France over the forecast period.
- The other end-user industries segment will likely account for the second-largest share in the French sealants market owing to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors and cables, among others. The French electronics market has registered steady growth over the few years, and it is expected to continue, creating demand for sealants over the forecast period. The consumer electronics segment will likely register a CAGR of 1.39% up to 2027. In addition, the rising demand for sealants in the locomotive, marine, and DIY industries for sustainable and energy-efficient applications is expected to boost the market share over the forecast period.
- Sealants have considerable applications in the healthcare and automotive industries, and France has developed significantly in these sectors over the decades. They are used in healthcare primarily for assembling and sealing medical devices. The automotive sector also exhibits significant application of sealants to various substrates, such as glass, metal, plastic, and painted surfaces, and is mainly used in engines and car gaskets. These factors are expected to augment the demand for sealants in France over the forecast period.
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France Sealants Market Trends
Hosting the 2024 Olympics is likely to boost the construction sector in the country
- France has the second-largest construction industry in the European region. The construction index in the country witnessed slow growth, with a gradual increase in the industry turnover index over the past few years. The construction industry in the country recently gained momentum after eight long years of decline.
- In 2020, the construction sector witnessed a huge decline, with the total construction output and new orders declining considerably. The growth of the French construction industry fell by over -12% due to the severe impact of the COVID-19 pandemic.
- The total construction production in France declined by 0.2% in Q4 2021 compared to Q4 2020 and by 1.2% compared to the previous quarter in the same year. In December 2021, the country’s production from the construction industry declined by 2.6% compared to the same month in the previous year and declined by 7% compared to November 2021, decreasing the demand for the market.
- However, the total construction production in France increased by 0.9% in Q1 2022 compared to Q1 2021 and by 2.6% compared to the previous quarter of the same year. In April 2022, the country’s production from the construction industry increased by 1.5% compared to the same month in the previous year and increased by 1.2% compared to March 2022. The recovery of the residential construction sector from the pandemic and the upcoming 2024 Olympics are estimated to drive the market during the forecast period.
- Therefore, all the abovementioned factors are expected to impact the market studied.
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In addition to net-zero vehicle emissions by 2035, electric vehicle registrations growth is likely to propel the automotive production
- The automotive industry in France has fared much better compared to other major European economies. Automotive vehicle production experienced continuous growth till 2018 and further exhibited a decline of 8.3% in 2019, as the automotive market was negatively affected by the COVID-19 pandemic.
- In 2020, the country produced 1,316,371 cars and light commercial vehicles compared to 2,175,350 vehicles produced during 2019, recording a decline of 39.5%, as production came to a halt in 2020 due to the COVID-19 pandemic. The pandemic forced the temporary shutdown of manufacturing units across different parts of the country. Limited raw material supply added to the challenges faced by the automobile sector.
- In 2021, the country’s new plug-ins electric vehicle registration stood at over 315,000, registering a growth rate of 62% compared to 2020, enhancing the demand of the electric vehicle segment in France. Along with it, electric vehicles registered a 21.4% market share in March 2022, up from 16.1% Y-o-Y.
- The French car industry has unanimously condemned the European Parliament’s vote to ban the production of combustion engine cars from 2035. The country plans to achieve net-zero vehicle emissions by 2035, which is likely to drive the automotive vehicle market in the country over the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rising aircraft orders from countries like India, United States, and others to boost the aerospace industry
France Sealants Industry Overview
The France Sealants Market is moderately consolidated, with the top five companies occupying 43.64%. The major players in this market are 3M, Arkema Group, Henkel AG & Co. KGaA, Sika AG and Soudal Holding N.V. (sorted alphabetically).
France Sealants Market Leaders
3M
Arkema Group
Henkel AG & Co. KGaA
Sika AG
Soudal Holding N.V.
Other important companies include CERMIX, Dow, ISPO Group, MAPEI S.p.A., RPM International Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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France Sealants Market News
- April 2019: Dow completed the separation of its Material Science division through a spin-off of Dow Inc.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
France Sealants Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
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4.2 Regulatory Framework
- 4.2.1 France
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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5.1 End User Industry
- 5.1.1 Aerospace
- 5.1.2 Automotive
- 5.1.3 Building and Construction
- 5.1.4 Healthcare
- 5.1.5 Other End-user Industries
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5.2 Resin
- 5.2.1 Acrylic
- 5.2.2 Epoxy
- 5.2.3 Polyurethane
- 5.2.4 Silicone
- 5.2.5 Other Resins
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 CERMIX
- 6.4.4 Dow
- 6.4.5 Henkel AG & Co. KGaA
- 6.4.6 ISPO Group
- 6.4.7 MAPEI S.p.A.
- 6.4.8 RPM International Inc.
- 6.4.9 Sika AG
- 6.4.10 Soudal Holding N.V.
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
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8.1 Global Adhesives and Sealants Industry Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Drivers, Restraints, and Opportunities
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, FRANCE, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, FRANCE, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, FRANCE, 2017-2028
- Figure 4:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 5:
- VALUE OF SEALANTS CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 6:
- VOLUME OF SEALANTS CONSUMED BY END USER INDUSTRY, KILOGRAM, FRANCE, 2017 - 2028
- Figure 7:
- VALUE OF SEALANTS CONSUMED BY END USER INDUSTRY, USD, FRANCE, 2017 - 2028
- Figure 8:
- VOLUME SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2016 VS 2022 VS 2028
- Figure 9:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2016 VS 2022 VS 2028
- Figure 10:
- VOLUME OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, FRANCE, 2017 - 2028
- Figure 11:
- VALUE OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY, USD, FRANCE, 2017 - 2028
- Figure 12:
- VALUE SHARE OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY BY RESIN, %, FRANCE, 2021 VS 2028
- Figure 13:
- VOLUME OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, FRANCE, 2017 - 2028
- Figure 14:
- VALUE OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, FRANCE, 2017 - 2028
- Figure 15:
- VALUE SHARE OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN, %, FRANCE, 2021 VS 2028
- Figure 16:
- VOLUME OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, FRANCE, 2017 - 2028
- Figure 17:
- VALUE OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, FRANCE, 2017 - 2028
- Figure 18:
- VALUE SHARE OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN, %, FRANCE, 2021 VS 2028
- Figure 19:
- VOLUME OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, FRANCE, 2017 - 2028
- Figure 20:
- VALUE OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, USD, FRANCE, 2017 - 2028
- Figure 21:
- VALUE SHARE OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY BY RESIN, %, FRANCE, 2021 VS 2028
- Figure 22:
- VOLUME OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, FRANCE, 2017 - 2028
- Figure 23:
- VALUE OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, FRANCE, 2017 - 2028
- Figure 24:
- VALUE SHARE OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN, %, FRANCE, 2021 VS 2028
- Figure 25:
- VOLUME OF SEALANTS CONSUMED BY RESIN, KILOGRAM, FRANCE, 2017 - 2028
- Figure 26:
- VALUE OF SEALANTS CONSUMED BY RESIN, USD, FRANCE, 2017 - 2028
- Figure 27:
- VOLUME SHARE OF SEALANTS CONSUMED BY RESIN, %, FRANCE, 2016 VS 2022 VS 2028
- Figure 28:
- VALUE SHARE OF SEALANTS CONSUMED BY RESIN, %, FRANCE, 2016 VS 2022 VS 2028
- Figure 29:
- VOLUME OF ACRYLIC SEALANTS CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 30:
- VALUE OF ACRYLIC SEALANTS CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 31:
- VALUE SHARE OF ACRYLIC SEALANTS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 32:
- VOLUME OF EPOXY SEALANTS CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 33:
- VALUE OF EPOXY SEALANTS CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 34:
- VALUE SHARE OF EPOXY SEALANTS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 35:
- VOLUME OF POLYURETHANE SEALANTS CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 36:
- VALUE OF POLYURETHANE SEALANTS CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 37:
- VALUE SHARE OF POLYURETHANE SEALANTS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 38:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 39:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 40:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 41:
- VOLUME OF OTHER RESINS SEALANTS CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 42:
- VALUE OF OTHER RESINS SEALANTS CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 43:
- VALUE SHARE OF OTHER RESINS SEALANTS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 44:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, FRANCE, 2019 - 2021
- Figure 45:
- MOST ADOPTED STRATEGIES, COUNT, FRANCE, 2019 - 2021
- Figure 46:
- REVENUE SHARE OF SEALANTS BY MAJOR PLAYERS, %, FRANCE, 2021
France Sealants Industry Segmentation
Aerospace, Automotive, Building and Construction, Healthcare are covered as segments by End User Industry. Acrylic, Epoxy, Polyurethane, Silicone are covered as segments by Resin.
- The French sealants market is driven mainly by the construction industry due to applications of sealants waterproofing, weather-sealing, crack-sealing, and joint-sealing. The construction industry of France surged by 10.5% in 2021 in volume, which increased the demand for sealants. The rapid growth of residential dwellings and maintenance of aged housing are expected to constantly foster the demand for sealants in France over the forecast period.
- The other end-user industries segment will likely account for the second-largest share in the French sealants market owing to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors and cables, among others. The French electronics market has registered steady growth over the few years, and it is expected to continue, creating demand for sealants over the forecast period. The consumer electronics segment will likely register a CAGR of 1.39% up to 2027. In addition, the rising demand for sealants in the locomotive, marine, and DIY industries for sustainable and energy-efficient applications is expected to boost the market share over the forecast period.
- Sealants have considerable applications in the healthcare and automotive industries, and France has developed significantly in these sectors over the decades. They are used in healthcare primarily for assembling and sealing medical devices. The automotive sector also exhibits significant application of sealants to various substrates, such as glass, metal, plastic, and painted surfaces, and is mainly used in engines and car gaskets. These factors are expected to augment the demand for sealants in France over the forecast period.
| End User Industry | Aerospace |
| Automotive | |
| Building and Construction | |
| Healthcare | |
| Other End-user Industries | |
| Resin | Acrylic |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resins |
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Market Definition
- End-user Industry - Building & Construction, Automotive, Aerospace, Healthcare, and Others are the end-user industries considered under the sealants market.
- Product - All sealant products are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Silicone, and Others are considered
- Technology - For the purpose of this study, One component and Two component sealant technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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