Russia Sealants Market Size

Russia Sealants Market Analysis

The Russia Sealants Market size is estimated at 387.75 million USD in 2024, and is expected to reach 484.52 million USD by 2028, growing at a CAGR of 5.73% during the forecast period (2024-2028).

Want to share this? Click here to share on social media or embed it on your website.

387.75 Million

Market Size in 2024 (USD)

484.52 Million

Market Size in 2028 (USD)

6.17 %

CAGR (2017-2023)

5.73 %

CAGR (2024-2028)

Largest Market by End-user Industry

72.98 %

value share, Building and Construction, 2023

In the Russian sealants market, building and construction is the major end-user industry segment owing to the wide range of sealant applications, including joint sealing, heat insulation, glazing, and façade.

Fastest Growing Market by End-user Industry

5.63 %

Projected CAGR, Building and Construction, 2024-2028

The aerospace industry is expected to be the fastest-growing end-user industry segment in the market owing to the rising demand for lightweight and high-strength components to substitute traditional aircraft joints.

Largest Market by Resin

41.23 %

value share, Silicone, 2023

Silicone sealant is the major resin-based sealant as it holds the largest application share in the building and construction industry for both interior and exterior applications.

Fastest Growing Market by Resin

5.99 %

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 anticipated to witness the fastest growth during the forecast period.

Leading Market Player

7.07 %

market share, Soudal Holding N.V., 2021

Soudal Holding NV has been witnessing increasing volume sales in Russia due to the popularity of its products mostly in the building and construction industry.

The demand for sealants in Russia is driven by new construction

Russia 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 Russian sealants market is primarily driven by the construction industry, followed by other end-user industries due to the diverse applications of sealants in building and construction activities such as waterproofing, weather-sealing, and joint-sealing. Construction sealants are designed for longevity and ease of application on different substrates. The construction industry of Russia fell by about 7% in 2020 due to the adverse impact of the COVID-19 pandemic and recovered to the pre-pandemic level only by the end of 2021. However, the industry's growth is likely to sustain in the near future owing to increasing construction investment and residential construction growth across the country.
• Various sealants are widely used in electronics and electrical equipment manufacturing for potting and protecting applications. They are used for sealing sensors and cables, etc. Though the Russian electronics market previously registered less than a 1% share of the global market, it is expected to record a growth rate of over 9% annually in the consumer electronics segment, which will propel the sealants demand over the forecast period. Russia is one of the major manufacturers of locomotive engines around the world. A range of sealants applications in the locomotive and DIY industries for longevity and cost-effectiveness is expected to boost the demand for sealants by 2028.
• Sealants have diverse applications in the healthcare industry, such as assembling and sealing medical device parts. The Russian government has introduced several regulations for imported medical devices, which are likely to influence domestic production. Thus, such a trend is expected to augment the demand for medical-grade sealants over the coming years.