Spain Sealants Market Size

The Spain sealants market is experiencing growth driven primarily by the construction industry, which significantly contributes to the market size due to the extensive use of sealants in various building and construction applications such as waterproofing and joint-sealing. The market's expansion is further supported by the increasing demand in other sectors, including electronics, healthcare, and automotive, where sealants are essential for protecting and assembling components. Despite challenges posed by the COVID-19 pandemic, the market is poised for growth, reflecting the resilience and adaptability of the construction and other key industries in Spain.

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Market Size of spain sealants Industry

Spain Sealants Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 164.00 Million
svg icon Market Size (2028) USD 199.46 Million
svg icon Largest Share by End User Industry Building and Construction
svg icon CAGR (2024 - 2028) 5.01 %
svg icon Fastest Growing by End User Industry Healthcare

Major Players

Spain Sealants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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 Market

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
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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.

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Spain Sealants Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Healthcare

      5. 1.1.5 Other End-user Industries

    2. 1.2 Resin

      1. 1.2.1 Acrylic

      2. 1.2.2 Epoxy

      3. 1.2.3 Polyurethane

      4. 1.2.4 Silicone

      5. 1.2.5 Other Resins

Spain Sealants Market Size FAQs

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.

In 2024, the Spain Sealants Market size is expected to reach USD 164.00 million.

Spain Sealants Market Report Snapshots

Spain Sealants Market Size & Share Analysis - Growth Trends & Forecasts UP TO 2028