North America Sealants Market Size
| Study Period | 2018 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2018 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Sealants Market Analysis
The North America Sealants market is expected to reach a value of around USD 2.2 billion by the end of this year and is projected to register a CAGR of more than 6% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- The expanding building and construction industry will likely drive the market significantly in the coming years.
- However, the strict regulations on the usage of VOC-free content are expected to hinder the market's growth.
- Increasing awareness of renewable and eco-friendly products is expected to act as an opportunity.
North America Sealants Market Trends
This section covers the major market trends shaping the North America Sealants Market according to our research experts:
Increasing Demand from the Building and Construction Sector
- Sealants have been extensively used in the building and construction industry owing to their characteristics and physical properties.
- Sealants can stop liquids and other substances from passing through material surfaces, joints, or openings in construction. They can act as a fire-stopping component and block airflow, sound, dust, insects, and others.
- They are used in the residential, commercial, and infrastructure segments, including various on-site and off-site applications such as sub-flooring, finish flooring, wall roofing, structural glazing, panels such as composite bonding (FRP panels), drywall lamination, repair of large cracks insulated glass, doors and windows, HVAC, and prefabricated housing.
- The United States holds a major share of the construction industry in North America. According to the US Census Bureau, the annual value for new construction put in place in the United States accounted for USD 1,626.4 billion in 2021, compared to USD 1,499.6 billion in 2020.
- There are several construction projects going on in the region, which are likely to increase the consumption of sealants in the construction sector.
- For instance, in United States, the Metropolitan Park campus in the country plans to house 2.1 million square feet of office space for Amazon in two 22-story LEED-certified buildings with a budget of nearly USD 2.5 billion.
The United States to Dominate the Market
- The United States is the largest market for sealants market in North America. The end-user industries, such as construction, automotive, healthcare, etc., are expected to drive growth in the market over the forecast period.
- The United States is the largest country for construction activities in the North American region. The country had a GDP of USD 25,350 per capita, with an expected growth rate of 3.7% Y-o-Y in 2022.
- The factors affecting the US construction industry are new investments, residential & non-residential constructions, government policies, and others.
- Additionally, with growing concerns after the pandemic to overcome the deficiencies of the healthcare system, the US government's policies have been drawn toward making the healthcare system more efficient compared to pre-pandemic times.
- The medical technology market is expected to record a 5.67% CAGR in the forecast period and result in a demand for sealants required for the healthcare end-user industry in the period.
North America Sealants Industry Overview
The North American sealants market is fragmented. The major companies include 3M, RPM International, Sika AG, HB Fuller Company, and Henkel AG & Co. KGaA, among others (in no particular order).
North America Sealants Market Leaders
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RPM International
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3M
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Sika AG
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Henkel AG & Co. KGaA
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H.B. Fuller Company
*Disclaimer: Major Players sorted in no particular order
North America Sealants Market News
- In July 2021, RPM International Inc. procured a 178,000-square-foot chemical manufacturing facility in Texas to act as a manufacturing campus owned and operated by RPM's Tremco Construction Products Group to meet customer demand and strengthen its supply chain.
- In January 2022, H.B. Fuller Company introduced a new range of Gorilla professional-grade adhesives and sealants for MRO industrial applications.
North America Sealants Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 Rising Demand from Building and Construction Sector
- 4.1.2 Other Drivers
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4.2 Market Restraints
- 4.2.1 Strict Regulations on the Usage of VOC-free Contents
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value and Revenue)
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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 Type
- 5.2.1 Acrylic
- 5.2.2 Epoxy
- 5.2.3 Polyurethane
- 5.2.4 Silicone
- 5.2.5 Other Resin Types
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5.3 Geography
- 5.3.1 United States
- 5.3.2 Canada
- 5.3.3 Mexico
- 5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%) **/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 RPM International
- 6.4.3 H.B. Fuller Company
- 6.4.4 Arkema Group
- 6.4.5 ADFAST CORP.
- 6.4.6 Sika AG
- 6.4.7 Dow
- 6.4.8 MAPEI S.p.A.
- 6.4.9 Illinois Tool Works Inc.
- 6.4.10 Pecora Corporation
- 6.4.11 Henkel AG & Co. KGaA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityNorth America Sealants Industry Segmentation
Sealant is a substance used to prevent fluids from passing through gaps in materials. Sealants are widely used in several industries, such as automotive, construction, electronics, and others, owing to their properties, such as waterproofing, crack sealing, weather sealing, etc.The North American sealants market is segmented by end-user industry, resin type, and geography. By end-user industry, the market is segmented into aerospace, automotive, building and construction, healthcare, and other end-user industries. By resin type, the market is segmented into acrylic, epoxy, polyurethane, silicone, and other resin types. By geography, the market is segmented into the United States, Canada, Mexico, and the rest of North America. The report also covers the market size and forecasts for the market in three countries across the region. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton) and revenue (USD million).
| End-User Industry | Aerospace |
| Automotive | |
| Building and Construction | |
| Healthcare | |
| Other End-user Industries | |
| Resin Type | Acrylic |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resin Types | |
| Geography | United States |
| Canada | |
| Mexico | |
| Rest of North America |
North America Sealants Market Research FAQs
What is the current North America Sealants Market size?
The North America Sealants Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in North America Sealants Market?
RPM International, 3M, Sika AG, Henkel AG & Co. KGaA and H.B. Fuller Company are the major companies operating in the North America Sealants Market.
What years does this North America Sealants Market cover?
The report covers the North America Sealants Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Sealants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Sealants Industry Report
Statistics for the 2024 North America Sealants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Sealants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
