Sealants Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 12.15 Billion |
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Market Size (2028) | USD 15.26 Billion |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.85 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Sealants Market Analysis
The Sealants Market size is estimated at 12.15 billion USD in 2024, and is expected to reach 15.26 billion USD by 2028, growing at a CAGR of 5.85% during the forecast period (2024-2028).
12.15 Billion
Market Size in 2024 (USD)
15.26 Billion
Market Size in 2028 (USD)
5.31 %
CAGR (2017-2023)
5.85 %
CAGR (2024-2028)
Largest Market by End-user Industry
62.03 %
value share, Building and Construction, 2023
Building and construction is the dominant end-user industry due to the wide range of sealant applications, including joint sealing, insulation, curtain wall, façade, and glazing.
Largest Market by Resin
42.77 %
value share, Silicone, 2023
Silicone sealants have the largest share due to their wide applications in the building and construction and automotive industries, specifically for exterior applications.
Largest Market by Region
40.64 %
value share, Asia-Pacific, 2023
Asia-Pacific, driven mainly by India, China, South Korea, and Japan, is a major sealant consumer due to the usage of sealants in various end-user industries, including building and construction, automotive, and aerospace.
Fastest Growing Market by Region
6.04 %
Projected CAGR, Asia-Pacific, 2024-2028
Asia-Pacific is projected to be the fastest-growing region for the sealants market due to the increasing population and rapid urbanization in countries such as China, India, South Korea, and Japan.
Leading Market Player
10.10 %
market share, Sika AG, 2021
Sika AG has been witnessing increasing volume sales globally. This increase can be attributed to the popularity of its silicone-based products, mainly in the building and construction industry.
Increasing applications of waterproofing and crack sealing to drive the demand
- Sealants are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, and crack sealing. The global construction industry is expected to grow at 3.5% per annum up to 2030. Countries such as China, India, the United States, and Indonesia are expected to cover 58.3% of overall construction growth, due to which construction sealants cover the largest share of the global sealants market share by value.
- Sealants are widely used in the automotive industry because of their applicability to surfaces, such as glass, metal, plastic, and painted surfaces, and their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. These are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to register a CAGR of 17.75% globally in the forecast period because of the increase in demand for the same in growing economies. This will increase the demand for automotive silicone sealants in the forecast period.
- Different sealants are widely used in electronics and electrical equipment manufacturing. They are used for sealing sensors and cables. The electronics and household appliances industries are expected to register a CAGR of 2.51% and 5.77%, respectively, globally, which will lead to an increase in demand for silicone sealants during the forecast period (2022-2028).
- Sealants are used in the healthcare industry for applications such as assembling and sealing medical device parts. The increase in healthcare investments globally will lead to an increase in their demand in the forecast period.
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Considerable investment in construction industry specifically in Asia-Pacific region will drive the market
- Asia-Pacific, Europe, and North America are the most significant regions in the global sealants market. Combined, these three regions account for 90.2% of the global sealants market. Sealants registered growth rates of 2.35% and 3.52% in 2018 and 2019, respectively, across all the major global regions. However, the demand for sealants declined in 2020 due to various operational restrictions because of the COVID-19 pandemic. In 2021, as the restrictions eased, the global market for sealants started recovering. It is now expected to outgrow the pre-pandemic levels.
- Asia-Pacific is the largest region in terms of the consumption of sealants, owing to the rising building and construction industry and the automotive industry in the area. Around 45% of the total construction-based investment in the world comes from this region. China is the world's largest construction industry, and it is expected to register a CAGR of 8.6% from 2022 to 2030. In Japan, the number of housing constructions in 2021 was 856.48 thousand units, which was 4.8% more than the number in 2020. The growing Asia-Pacific construction industry will drive the demand for sealants in the coming years.
- Europe is the second-largest region in terms of the consumption of sealants due to the rising demand from the automotive industry. As part of the European Commission's climate goals to reduce greenhouse emissions by at least 55% by 2030, the ''Fit for 55'' legislation has set targets to reduce CO2 emissions from cars by 55% and vans by 50% by 2030. This regulation has boosted the demand for electric vehicles, which is expected to increase the demand for PU, acrylic, and silicone-based sealants during the forecast period, as they can also be used in automotive electronics.
Global Sealants Market Trends
Growing residential and infrastructural development to thrive the construction sector
- The building and construction industry witnessed steady growth, with a CAGR of 2.6% from 2017 to 2019. This growth was driven by the upswing in global economic activity and increasing demand for single-family homes. In 2020, the COVID-19 pandemic had a major impact on the global building and construction industry. Constraints in labor supply, disruptions in construction finances and the supply chain, and economic uncertainty negatively impacted the global building and construction industry.
- Though the industry showed positive growth in 2021, the pandemic's effect on supply chains, which resulted in a hike in raw material prices, is still plaguing the industry. However, as the construction industry heavily influences a nation's economy, countries in Europe, North America, and Asia-Pacific have used the construction industry to restart their economic cycles by offering support schemes. Some support schemes include the Homebuilder Programme in Australia and the economic recovery plan of EU countries.
- The Asia-Pacific region experiences the highest volume of construction activities, and it is expected to remain the largest construction market till 2028 due to its huge population, increasing urbanization, and increasing investments in infrastructural development in countries like China, India, Japan, Indonesia, and South Korea.
- Increasing emphasis on green buildings and efforts to reduce emissions from global construction activities are expected to result in more sustainable operational procedures during the forecast period. For example, France has sanctioned EUR 7.5 billion for the construction industry to transform itself into a low-carbon energy economy.
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Favorable government policies to promote electric vehicles will propel automotive industry
- Since 2021, the global automotive industry has been expected to grow steadily but at a slower pace because of the decline in consumers' preferences for individual ownership of passenger vehicles and their increased preference for shared mobility in transportation. The global automotive industry is expected to experience a growth rate of 2% annually, with an expected value addition of USD 1.5 trillion in total revenue during the forecast period.
- In 2020, due to the impact of the COVID-19 pandemic, vehicle sales declined but recovered rapidly in 2021 because the governments of various countries took measures to support their economies, as automotive markets usually contribute majorly to their GDP. Vehicle sales declined from 90 million units of passenger vehicles in 2019 to 78 million units in 2020.
- The introduction of electric vehicles worldwide has contributed significantly to the overall revenue of the global automotive market because of their cheaper energy costs, environmentally benign nature, and efficient mobility features. Various government policies and standards also work as driving factors to increase EV production. For instance, the EU standards for CO2 emissions increased the demand for electric vehicles in 2021. As per the IEA's Sustainable Scenario, 230 million electric vehicles are required to replace combustion fuel-based vehicles by 2030. In 2021, Tesla, the largest EV manufacturer, recorded a rise of 157% in the number of electric vehicles manufactured. This growing trend of consumers preferring electric vehicles is expected to rise further during the forecast period (2022-2028).
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rapid growth of civil and military aviation will boost the aircraft production
Sealants Industry Overview
The Sealants Market is fragmented, with the top five companies occupying 26.94%. The major players in this market are 3M, Henkel AG & Co. KGaA, RPM International Inc., Sika AG and Soudal Holding N.V. (sorted alphabetically).
Sealants Market Leaders
3M
Henkel AG & Co. KGaA
RPM International Inc.
Sika AG
Soudal Holding N.V.
Other important companies include Arkema Group, Dow, H.B. Fuller Company, Illinois Tool Works Inc., MAPEI S.p.A., Momentive, Shin-Etsu Chemical Co., Ltd., THE YOKOHAMA RUBBER CO., LTD., ThreeBond Holdings Co., Ltd., Wacker Chemie AG.
*Disclaimer: Major Players sorted in alphabetical order.
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Sealants Market News
- May 2022: ITW Performance Polymers announced a distribution partnership with PREMA SA in Poland for its Devcon brand.
- January 2022: H.B. Fuller announced the acquisition of UK-based Apollo Chemicals to expand its foothold in the European market.
- December 2021: Sika planned to establish a new technology center and manufacturing factory for high-quality adhesives and sealants in Pune, India. The company primarily manufactures products for the transportation and construction industries through its three new production lines.
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.
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
-
4.1 End User Trends
- 4.1.1 Aerospace
- 4.1.2 Automotive
- 4.1.3 Building and Construction
-
4.2 Regulatory Framework
- 4.2.1 Argentina
- 4.2.2 Australia
- 4.2.3 Brazil
- 4.2.4 Canada
- 4.2.5 China
- 4.2.6 EU
- 4.2.7 India
- 4.2.8 Indonesia
- 4.2.9 Japan
- 4.2.10 Malaysia
- 4.2.11 Mexico
- 4.2.12 Russia
- 4.2.13 Saudi Arabia
- 4.2.14 Singapore
- 4.2.15 South Africa
- 4.2.16 South Korea
- 4.2.17 Thailand
- 4.2.18 United States
- 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)
-
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
-
5.3 Region
- 5.3.1 Asia-Pacific
- 5.3.1.1 Australia
- 5.3.1.2 China
- 5.3.1.3 India
- 5.3.1.4 Indonesia
- 5.3.1.5 Japan
- 5.3.1.6 Malaysia
- 5.3.1.7 Singapore
- 5.3.1.8 South Korea
- 5.3.1.9 Thailand
- 5.3.1.10 Rest of Asia-Pacific
- 5.3.2 Europe
- 5.3.2.1 France
- 5.3.2.2 Germany
- 5.3.2.3 Italy
- 5.3.2.4 Russia
- 5.3.2.5 Spain
- 5.3.2.6 United Kingdom
- 5.3.2.7 Rest of Europe
- 5.3.3 Middle East & Africa
- 5.3.3.1 Saudi Arabia
- 5.3.3.2 South Africa
- 5.3.3.3 Rest of Middle East & Africa
- 5.3.4 North America
- 5.3.4.1 Canada
- 5.3.4.2 Mexico
- 5.3.4.3 United States
- 5.3.4.4 Rest of North America
- 5.3.5 South America
- 5.3.5.1 Argentina
- 5.3.5.2 Brazil
- 5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
-
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 Dow
- 6.4.4 H.B. Fuller Company
- 6.4.5 Henkel AG & Co. KGaA
- 6.4.6 Illinois Tool Works Inc.
- 6.4.7 MAPEI S.p.A.
- 6.4.8 Momentive
- 6.4.9 RPM International Inc.
- 6.4.10 Shin-Etsu Chemical Co., Ltd.
- 6.4.11 Sika AG
- 6.4.12 Soudal Holding N.V.
- 6.4.13 THE YOKOHAMA RUBBER CO., LTD.
- 6.4.14 ThreeBond Holdings Co., Ltd.
- 6.4.15 Wacker Chemie AG
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
-
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, GLOBAL, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, GLOBAL, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, GLOBAL, 2017-2028
- Figure 4:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 5:
- VALUE OF SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 6:
- VOLUME OF SEALANTS CONSUMED BY END USER INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 7:
- VALUE OF SEALANTS CONSUMED BY END USER INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 8:
- VOLUME SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2022 VS 2028
- Figure 9:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2022 VS 2028
- Figure 10:
- VOLUME OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 11:
- VALUE OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 12:
- VALUE SHARE OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 13:
- VOLUME OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 14:
- VALUE OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 15:
- VALUE SHARE OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 16:
- VOLUME OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 17:
- VALUE OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 18:
- VALUE SHARE OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 19:
- VOLUME OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 20:
- VALUE OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 21:
- VALUE SHARE OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 22:
- VOLUME OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 23:
- VALUE OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, GLOBAL, 2017 - 2028
- Figure 24:
- VALUE SHARE OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN, %, GLOBAL, 2021 VS 2028
- Figure 25:
- VOLUME OF SEALANTS CONSUMED BY RESIN, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 26:
- VALUE OF SEALANTS CONSUMED BY RESIN, USD, GLOBAL, 2017 - 2028
- Figure 27:
- VOLUME SHARE OF SEALANTS CONSUMED BY RESIN, %, GLOBAL, 2022 VS 2028
- Figure 28:
- VALUE SHARE OF SEALANTS CONSUMED BY RESIN, %, GLOBAL, 2022 VS 2028
- Figure 29:
- VOLUME OF ACRYLIC SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 30:
- VALUE OF ACRYLIC SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 31:
- VALUE SHARE OF ACRYLIC SEALANTS CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 32:
- VOLUME OF EPOXY SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 33:
- VALUE OF EPOXY SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 34:
- VALUE SHARE OF EPOXY SEALANTS CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 35:
- VOLUME OF POLYURETHANE SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 36:
- VALUE OF POLYURETHANE SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 37:
- VALUE SHARE OF POLYURETHANE SEALANTS CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 38:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 39:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 40:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 41:
- VOLUME OF OTHER RESINS SEALANTS CONSUMED, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 42:
- VALUE OF OTHER RESINS SEALANTS CONSUMED, USD, GLOBAL, 2017 - 2028
- Figure 43:
- VALUE SHARE OF OTHER RESINS SEALANTS CONSUMED BY END USER INDUSTRY, %, GLOBAL, 2021 VS 2028
- Figure 44:
- VOLUME OF SEALANTS CONSUMED BY REGION, KILOGRAM, GLOBAL, 2017 - 2028
- Figure 45:
- VALUE OF SEALANTS CONSUMED BY REGION, USD, GLOBAL, 2017 - 2028
- Figure 46:
- VOLUME SHARE OF SEALANTS CONSUMED BY REGION, %, GLOBAL, 2022 VS 2028
- Figure 47:
- VALUE SHARE OF SEALANTS CONSUMED BY REGION, %, GLOBAL, 2022 VS 2028
- Figure 48:
- VOLUME OF SEALANTS CONSUMED BY COUNTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 49:
- VALUE OF SEALANTS CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 50:
- VOLUME SHARE OF SEALANTS CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2028
- Figure 51:
- VALUE SHARE OF SEALANTS CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2022 VS 2028
- Figure 52:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, AUSTRALIA, 2017 - 2028
- Figure 53:
- VALUE OF SEALANTS CONSUMED, USD, AUSTRALIA, 2017 - 2028
- Figure 54:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2021 VS 2028
- Figure 55:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, CHINA, 2017 - 2028
- Figure 56:
- VALUE OF SEALANTS CONSUMED, USD, CHINA, 2017 - 2028
- Figure 57:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, CHINA, 2021 VS 2028
- Figure 58:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, INDIA, 2017 - 2028
- Figure 59:
- VALUE OF SEALANTS CONSUMED, USD, INDIA, 2017 - 2028
- Figure 60:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, INDIA, 2021 VS 2028
- Figure 61:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
- Figure 62:
- VALUE OF SEALANTS CONSUMED, USD, INDONESIA, 2017 - 2028
- Figure 63:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
- Figure 64:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, JAPAN, 2017 - 2028
- Figure 65:
- VALUE OF SEALANTS CONSUMED, USD, JAPAN, 2017 - 2028
- Figure 66:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, JAPAN, 2021 VS 2028
- Figure 67:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, MALAYSIA, 2017 - 2028
- Figure 68:
- VALUE OF SEALANTS CONSUMED, USD, MALAYSIA, 2017 - 2028
- Figure 69:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2021 VS 2028
- Figure 70:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, SINGAPORE, 2017 - 2028
- Figure 71:
- VALUE OF SEALANTS CONSUMED, USD, SINGAPORE, 2017 - 2028
- Figure 72:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, SINGAPORE, 2021 VS 2028
- Figure 73:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
- Figure 74:
- VALUE OF SEALANTS CONSUMED, USD, SOUTH KOREA, 2017 - 2028
- Figure 75:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
- Figure 76:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
- Figure 77:
- VALUE OF SEALANTS CONSUMED, USD, THAILAND, 2017 - 2028
- Figure 78:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
- Figure 79:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 80:
- VALUE OF SEALANTS CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 81:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2021 VS 2028
- Figure 82:
- VOLUME OF SEALANTS CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 83:
- VALUE OF SEALANTS CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 84:
- VOLUME SHARE OF SEALANTS CONSUMED BY COUNTRY, %, EUROPE, 2022 VS 2028
- Figure 85:
- VALUE SHARE OF SEALANTS CONSUMED BY COUNTRY, %, EUROPE, 2022 VS 2028
- Figure 86:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 87:
- VALUE OF SEALANTS CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 88:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 89:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 90:
- VALUE OF SEALANTS CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 91:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, GERMANY, 2021 VS 2028
- Figure 92:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 93:
- VALUE OF SEALANTS CONSUMED, USD, ITALY, 2017 - 2028
- Figure 94:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, ITALY, 2021 VS 2028
- Figure 95:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 96:
- VALUE OF SEALANTS CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 97:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2021 VS 2028
- Figure 98:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 99:
- VALUE OF SEALANTS CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 100:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, SPAIN, 2021 VS 2028
- Figure 101:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 102:
- VALUE OF SEALANTS CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 103:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 104:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 105:
- VALUE OF SEALANTS CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 106:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2021 VS 2028
- Figure 107:
- VOLUME OF SEALANTS CONSUMED BY COUNTRY, KILOGRAM, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 108:
- VALUE OF SEALANTS CONSUMED BY COUNTRY, USD, MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 109:
- VOLUME SHARE OF SEALANTS CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2022 VS 2028
- Figure 110:
- VALUE SHARE OF SEALANTS CONSUMED BY COUNTRY, %, MIDDLE EAST & AFRICA, 2022 VS 2028
- Figure 111:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, SAUDI ARABIA, 2017 - 2028
- Figure 112:
- VALUE OF SEALANTS CONSUMED, USD, SAUDI ARABIA, 2017 - 2028
- Figure 113:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2021 VS 2028
- Figure 114:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, SOUTH AFRICA, 2017 - 2028
- Figure 115:
- VALUE OF SEALANTS CONSUMED, USD, SOUTH AFRICA, 2017 - 2028
- Figure 116:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, SOUTH AFRICA, 2021 VS 2028
- Figure 117:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 118:
- VALUE OF SEALANTS CONSUMED, USD, REST OF MIDDLE EAST & AFRICA, 2017 - 2028
- Figure 119:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST & AFRICA, 2021 VS 2028
- Figure 120:
- VOLUME OF SEALANTS CONSUMED BY COUNTRY, KILOGRAM, NORTH AMERICA, 2017 - 2028
- Figure 121:
- VALUE OF SEALANTS CONSUMED BY COUNTRY, USD, NORTH AMERICA, 2017 - 2028
- Figure 122:
- VOLUME SHARE OF SEALANTS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2022 VS 2028
- Figure 123:
- VALUE SHARE OF SEALANTS CONSUMED BY COUNTRY, %, NORTH AMERICA, 2022 VS 2028
- Figure 124:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, CANADA, 2017 - 2028
- Figure 125:
- VALUE OF SEALANTS CONSUMED, USD, CANADA, 2017 - 2028
- Figure 126:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, CANADA, 2021 VS 2028
- Figure 127:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, MEXICO, 2017 - 2028
- Figure 128:
- VALUE OF SEALANTS CONSUMED, USD, MEXICO, 2017 - 2028
- Figure 129:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, MEXICO, 2021 VS 2028
- Figure 130:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 131:
- VALUE OF SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 132:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 133:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, REST OF NORTH AMERICA, 2017 - 2028
- Figure 134:
- VALUE OF SEALANTS CONSUMED, USD, REST OF NORTH AMERICA, 2017 - 2028
- Figure 135:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, REST OF NORTH AMERICA, 2021 VS 2028
- Figure 136:
- VOLUME OF SEALANTS CONSUMED BY COUNTRY, KILOGRAM, SOUTH AMERICA, 2017 - 2028
- Figure 137:
- VALUE OF SEALANTS CONSUMED BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2028
- Figure 138:
- VOLUME SHARE OF SEALANTS CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2028
- Figure 139:
- VALUE SHARE OF SEALANTS CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2022 VS 2028
- Figure 140:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, ARGENTINA, 2017 - 2028
- Figure 141:
- VALUE OF SEALANTS CONSUMED, USD, ARGENTINA, 2017 - 2028
- Figure 142:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, ARGENTINA, 2021 VS 2028
- Figure 143:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, BRAZIL, 2017 - 2028
- Figure 144:
- VALUE OF SEALANTS CONSUMED, USD, BRAZIL, 2017 - 2028
- Figure 145:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, BRAZIL, 2021 VS 2028
- Figure 146:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 147:
- VALUE OF SEALANTS CONSUMED, USD, REST OF SOUTH AMERICA, 2017 - 2028
- Figure 148:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, REST OF SOUTH AMERICA, 2021 VS 2028
- Figure 149:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2019 - 2021
- Figure 150:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2019 - 2021
- Figure 151:
- REVENUE SHARE OF SEALANTS BY MAJOR PLAYERS, %, GLOBAL, 2021
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. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.
- Sealants are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, and crack sealing. The global construction industry is expected to grow at 3.5% per annum up to 2030. Countries such as China, India, the United States, and Indonesia are expected to cover 58.3% of overall construction growth, due to which construction sealants cover the largest share of the global sealants market share by value.
- Sealants are widely used in the automotive industry because of their applicability to surfaces, such as glass, metal, plastic, and painted surfaces, and their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. These are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to register a CAGR of 17.75% globally in the forecast period because of the increase in demand for the same in growing economies. This will increase the demand for automotive silicone sealants in the forecast period.
- Different sealants are widely used in electronics and electrical equipment manufacturing. They are used for sealing sensors and cables. The electronics and household appliances industries are expected to register a CAGR of 2.51% and 5.77%, respectively, globally, which will lead to an increase in demand for silicone sealants during the forecast period (2022-2028).
- Sealants are used in the healthcare industry for applications such as assembling and sealing medical device parts. The increase in healthcare investments globally will lead to an increase in their demand in the forecast period.
| End User Industry | Aerospace | |
| Automotive | ||
| Building and Construction | ||
| Healthcare | ||
| Other End-user Industries | ||
| Resin | Acrylic | |
| Epoxy | ||
| Polyurethane | ||
| Silicone | ||
| Other Resins | ||
| Region | Asia-Pacific | Australia |
| China | ||
| India | ||
| Indonesia | ||
| Japan | ||
| Malaysia | ||
| Singapore | ||
| South Korea | ||
| Thailand | ||
| Rest of Asia-Pacific | ||
| Region | Europe | France |
| Germany | ||
| Italy | ||
| Russia | ||
| Spain | ||
| United Kingdom | ||
| Rest of Europe | ||
| Region | Middle East & Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East & Africa | ||
| Region | North America | Canada |
| Mexico | ||
| United States | ||
| Rest of North America | ||
| Region | South America | Argentina |
| Brazil | ||
| Rest of South America |
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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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