Japan Sealants Market Size

Japan Sealants Market Analysis

The Japan Sealants Market size is estimated at 625.48 million USD in 2024, and is expected to reach 752.56 million USD by 2028, growing at a CAGR of 4.73% during the forecast period (2024-2028).

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625.48 Million

Market Size in 2024 (USD)

752.56 Million

Market Size in 2028 (USD)

3.81 %

CAGR (2017-2023)

4.73 %

CAGR (2024-2028)

Largest Market by End-user Industry

53.71 %

value share, Building and Construction, 2023

In Japan, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, insulation, curtain wall, glazing, façade, and others.

Fastest Growing Market by End-user Industry

5.97 %

Projected CAGR, Aerospace, 2024-2028

The aerospace industry is expected to witness the fastest growth in the market owing to the rapid expansion of general aviation for the domestic market.

Largest Market by Resin

44.44 %

value share, Silicone, 2023

Silicone sealant is the major resin-based sealant owing to its largest application share in the building and construction industry for both interior and exterior applications.

Fastest Growing Market by Resin

4.86 %

Projected CAGR, Silicone, 2024-2028

Due to sheer strength and high impact resistance abilities, silicone sealants are mostly used in construction applications, thus, expected to be the fastest-growing resin in the market.

Leading Market Player

10.48 %

market share, Sika AG, 2021

Sika AG has been witnessing increasing volume sales in Japan. This increase can be attributed to the popularity of its products, mostly in the building and construction industry.

Emerging automotive market and building & construction industry are expected to boost the consumption of sealants in Japan

Japan Sealants Industry Segmentation Japan 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 construction industry holds the major share in the Japanese sealants market, followed by other end-user industries due to diverse applications of sealants in building and construction activities such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The Japanese construction sector achieved about 5.3% of the nation’s GDP in 2019 and is likely to register considerable growth in the upcoming years. The Japanese government focuses on the quality of buildings and promotes sustainable development, which will likely proliferate sealants demand over the forecast period.
• A variety of sealants are used in electrical equipment manufacturing for potting and protecting applications. They are used for sealing sensors and cables. The Japanese electronics market registered nearly 6% of revenue share in 2021 and is likely to have promising growth in the upcoming years owing to the rapid adoption of consumer electronics among the high and middle-income groups. This, in terms, will foster the demand for sealants in the other end-user segment. Moreover, Japan has well-established facilities to produce locomotive engines around the world will drive the demand for required sealants by 2028.
• Sealants are used in diverse applications in the automotive industry, mostly used for engines and car gaskets, and exhibit extensive bonding to various substrates. Japan has been marked as one of the leading producers in the automotive industry over the years due to extensive production facilities and the strong presence of major carmakers, which is likely to create demand for sealants in the coming years.