Market Size of spain sealants Industry
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 164.00 Million |
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Market Size (2028) | USD 199.46 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.01 % |
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Fastest Growing by End User Industry | Healthcare |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Spain Sealants Market Analysis
The Spain Sealants Market size is estimated at 164.00 million USD in 2024, and is expected to reach 199.46 million USD by 2028, growing at a CAGR of 5.01% during the forecast period (2024-2028).
164.00 Million
Market Size in 2024 (USD)
199.46 Million
Market Size in 2028 (USD)
5.67 %
CAGR (2017-2023)
5.01 %
CAGR (2024-2028)
Largest Market by End-user Industry
44.33 %
value share, Building and Construction, 2023
In Spain, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, heat insulation, glazing, façade, and others.
Fastest Growing Market by End-user Industry
5.39 %
Projected CAGR, Healthcare, 2024-2028
Due to the increasing healthcare expenditure and rising investment in tissue engineering and medical device production, the healthcare segment is projected to witness the fastest growth during the forecast period.
Largest Market by Resin
43.99 %
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
5.15 %
Projected CAGR, Silicone, 2024-2028
Due to its sheer strength and high impact resistance and wide usage in building and construction and healthcare end-user, silicone sealant is likely to be the fastest-growing resin segment.
Leading Market Player
16.01 %
market share, Sika AG, 2021
Sika AG has been witnessing increasing volume sales in Spain. This growth can be attributed to the popularity of its products, mostly in the building and construction industry.
New construction and infrastructure development to lead the market growth
- The Spain sealants market is majorly driven by the construction industry, 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 construction industry of Spain registered around 5.7% of the country’s GDP in 2019. During COVID-19, the construction output was reduced by 19.5% in 2020, sustained in 2021 owing to increasing construction investment and home maintenance activities in the country. Such trends will likely continue in the near future and gradually increase sealants demand.
- A variety of sealants are used in electrical equipment manufacturing for potting and protecting applications. They are used for sealing sensors and cables, etc. The Spanish electronics market registered significant growth, mostly due to the growing popularity of wireless electronic devices and the rapid adoption of wearable gadgets. This, in terms, will foster the demand for sealants in the other end-user segment. Moreover, a range of applications of sealants in the locomotive and DIY industries will boost the demand for required sealants by 2028.
- Sealants have diverse applications in the healthcare and automotive industries. Sealants are used in healthcare applications, such as assembling and sealing medical device parts. The automotive industry exhibits significant applicability of sealants to various substrates, mostly used for engines and car gaskets. Spain has registered promising growth in these sectors in recent times and is likely to continue in the upcoming years. Thus, such a trend will augment the demand for sealants by 2028.
Spain Sealants Industry Segmentation Spain 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 Spain sealants market is majorly driven by the construction industry, 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 construction industry of Spain registered around 5.7% of the country’s GDP in 2019. During COVID-19, the construction output was reduced by 19.5% in 2020, sustained in 2021 owing to increasing construction investment and home maintenance activities in the country. Such trends will likely continue in the near future and gradually increase sealants demand.
- A variety of sealants are used in electrical equipment manufacturing for potting and protecting applications. They are used for sealing sensors and cables, etc. The Spanish electronics market registered significant growth, mostly due to the growing popularity of wireless electronic devices and the rapid adoption of wearable gadgets. This, in terms, will foster the demand for sealants in the other end-user segment. Moreover, a range of applications of sealants in the locomotive and DIY industries will boost the demand for required sealants by 2028.
- Sealants have diverse applications in the healthcare and automotive industries. Sealants are used in healthcare applications, such as assembling and sealing medical device parts. The automotive industry exhibits significant applicability of sealants to various substrates, mostly used for engines and car gaskets. Spain has registered promising growth in these sectors in recent times and is likely to continue in the upcoming years. Thus, such a trend will augment the demand for sealants by 2028.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Healthcare | |
| Other End-user Industries |
| Resin | |
| Acrylic | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resins |
Spain Sealants Market Size Summary
The Spain sealants market is poised for growth, primarily driven by the construction industry, which utilizes sealants for various applications such as waterproofing, weather-sealing, and joint-sealing. The construction sector's significance is underscored by its contribution to the country's GDP and its recovery trajectory post-COVID-19, supported by government initiatives and European Union funding. This recovery is expected to bolster the demand for sealants, as the industry continues to invest in infrastructure, energy-efficient housing, and digitalization. Additionally, the electronics market's expansion, fueled by the rise of wireless and wearable devices, is set to enhance the demand for sealants in electrical equipment manufacturing.
Beyond construction and electronics, the sealants market in Spain is also benefiting from growth in the healthcare and automotive sectors. In healthcare, sealants are crucial for assembling and sealing medical devices, while in automotive, they are extensively used in engines and car gaskets. Despite challenges such as the semiconductor chip shortage affecting automotive production, the industry is anticipated to rebound, further driving sealant demand. The market is characterized by fragmentation, with key players like Dow, Grupa Selena, Henkel AG & Co. KGaA, MAPEI S.p.A., and Sika AG playing significant roles. Overall, the diverse applications of sealants across these industries are expected to sustain market growth through the forecast period.
Spain Sealants Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Aerospace
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1.1.2 Automotive
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1.1.3 Building and Construction
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1.1.4 Healthcare
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1.1.5 Other End-user Industries
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1.2 Resin
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1.2.1 Acrylic
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1.2.2 Epoxy
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1.2.3 Polyurethane
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1.2.4 Silicone
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1.2.5 Other Resins
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Spain Sealants Market Size FAQs
How big is the Spain Sealants Market?
The Spain Sealants Market size is expected to reach USD 164.00 million in 2024 and grow at a CAGR of 5.01% to reach USD 199.46 million by 2028.
What is the current Spain Sealants Market size?
In 2024, the Spain Sealants Market size is expected to reach USD 164.00 million.
