North America Sealants Market Size (2024 - 2029)

The North America Sealants market is anticipated to experience steady growth, driven by the expanding building and construction industry. Despite the challenges posed by strict regulations on VOC-free content, the market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The increasing awareness and demand for renewable and eco-friendly products present opportunities for further market expansion.

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Market Size of North America Sealants Industry

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North America Sealants Summary
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

North America Sealants Market 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 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
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North America Sealants Market Size Summary

The North America sealants market is poised for steady growth, driven primarily by the burgeoning building and construction industry. Sealants are integral to construction due to their ability to prevent the passage of liquids and other substances through material surfaces, making them essential for applications such as fire-stopping, soundproofing, and insulation. The market is experiencing a resurgence following the setbacks caused by the COVID-19 pandemic, with demand rebounding to pre-pandemic levels. However, the market faces challenges from stringent regulations regarding VOC-free content, which could impede growth. Despite these challenges, the increasing emphasis on renewable and eco-friendly products presents a significant opportunity for market expansion.

The United States dominates the North American sealants market, supported by robust construction activities and a diverse range of end-user industries, including automotive and healthcare. The construction sector, in particular, is a major driver of sealant demand, with numerous projects underway that are expected to boost consumption. Additionally, the healthcare industry's focus on enhancing system efficiency post-pandemic is likely to increase the demand for sealants. The market is characterized by fragmentation, with key players such as 3M, RPM International, Sika AG, HB Fuller Company, and Henkel AG & Co. KGaA actively expanding their operations and product offerings to meet growing customer demands.

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North America Sealants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Rising Demand from Building and Construction Sector

      2. 1.1.2 Other Drivers

    2. 1.2 Market Restraints

      1. 1.2.1 Strict Regulations on the Usage of VOC-free Contents

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Force Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value and Revenue)

    1. 2.1 End-User Industry

      1. 2.1.1 Aerospace

      2. 2.1.2 Automotive

      3. 2.1.3 Building and Construction

      4. 2.1.4 Healthcare

      5. 2.1.5 Other End-user Industries

    2. 2.2 Resin Type

      1. 2.2.1 Acrylic

      2. 2.2.2 Epoxy

      3. 2.2.3 Polyurethane

      4. 2.2.4 Silicone

      5. 2.2.5 Other Resin Types

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

      4. 2.3.4 Rest of North America

North America Sealants Market Size FAQs

The North America Sealants Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

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.

North America Sealants Report Snapshots

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