Product ID: SQMIG15F2154
Global Construction Sealants Market Size, Share, Growth Analysis, By Resin Type(Silicone sealant, Polyurethane sealant), By Technology(Water-based, Solvent-based) - Industry Forecast 2024-2031
Report ID:
SQMIG15F2154 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
67 |
Figures:
81
Global Construction Sealants Market Insights
Global Construction Sealants Market size was valued at USD 8.23 billion in 2021 and is poised to grow from USD 8.89 billion in 2022 to USD 12.85 billion by 2030, at a CAGR of 6.09% during the forecast period (2023-2030).
Construction sealants find diverse applications in various sectors such as glazing, flooring, joining, sanitary facilities, and kitchens, among others. The expanding utilization of sealants in these key applications has been instrumental in driving the growth of the market. Window framing, sanitary facilities, kitchen areas, expansion joints, floor systems, walls, and panels all employ construction sealants, providing stress-bearing capacity and preventing cracking due to changing environmental conditions. The increased investments in construction projects such as airports, bridges, dams, and metro stations are driving the demand for sealants for flooring, expansion joints, panels, and other applications.
The demand for permanent, quality housing is rising in developing countries due to population growth, urbanization, and increasing income levels. This rapid growth in residential housing within these countries is a significant driver of the construction sealants market. Additionally, there is a growing preference for green sealants or those with low volatile organic compounds (VOCs) due to the increasing adoption of environmentally friendly practices in various applications. The industry is witnessing substantial growth opportunities by transitioning towards a more sustainable product portfolio. The construction market is experiencing a rising trend of constructing environmentally friendly or green buildings, which creates high growth potential for green and sustainable sealant solutions.
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Global Construction Sealants Market Segmental Analysis
Global Construction Sealants Market is segmented on the basis of resin type, technology, and region. By resin type, the market is segmented into Silicone sealant, Polyurethane sealant, Plastisol sealant, Emulsion sealant, Polysulfide and Butyl-based sealant. By technology, the market is segmented into Water-based, Solvent-based, Reactive, and Others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Resin Type
The market is divided into different resin types, including Silicone sealant, Polyurethane sealant, Plastisol sealant, Emulsion sealant, Polysulfide, and Butyl-based sealant. Among these segments, the Silicone sealant segment holds the largest market share due to its efficient sealing properties for components and weatherproof joints. Silicone sealants are known for their ability to prevent elements from becoming trapped, thereby contributing to long-term quality maintenance.
On the other hand, the Polyurethane sealant segment is the fastest growing in the market, particularly in industries such as construction and automotive. Polyurethane sealants are widely utilized for sealing fuel and oil tanks or surfaces that are exposed to oil or corrosive mixtures.
Analysis By Technology
The Water-based segment occupies a dominant market share due to its long-lasting adhesive properties, making it a preferred choice for construction and timber projects throughout the forecast period. One of the key advantages of Water-based sealers is that they often do not require the use of a caulking gun, which is favored by multiple industries globally. Additionally, Water-based sealers are widely used for indoor activities due to their low odor characteristics.
On the other hand, the reactive segment is experiencing fastest growth in the market. Low modulus reactive silicone sealants, in particular, are highly advantageous and cost-effective. These sealants are preferred by numerous companies worldwide as they offer excellent adhesion to various construction substrates, fulfilling the requirements of diverse applications.
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Global Construction Sealants Market Regional Insights
The Asia-Pacific region dominates the global Construction Sealants market and is expected to maintain its leading position in the coming years. Rapid industrialization, urbanization, and infrastructure development in countries like China, India and Indonesia have fueled the demand for Construction Sealants in the region. These nations are witnessing substantial growth in construction activities, contributing to the region's dominance in the market.
On the other hand, the Middle East & Africa region is experiencing the fastest growth. This growth can be attributed to the presence of more developed economies, particularly in the GCC countries, which are driving market growth. Additionally, emerging economies within the region are expected to exhibit high growth potential, further fueling the expansion of the market. The region's flourishing construction and automotive sectors, along with increasing investments in infrastructure projects, have propelled the demand for sealants.
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Global Construction Sealants Market Dynamics
Drivers
Growing demand for sealants
- The increasing demand for global construction sealant market is primarily driven by the growing utilization of sealants for flooring and expansion jointing in both commercial and residential building structures. This trend is particularly prominent in emerging economies where there is a rapid development of residential buildings. Moreover, increasing environmental concerns and the push for sustainable practices have led to the development of lightweight and green buildings, resulting in significant demand for construction sealants worldwide.
Restraints
Government regulations
- The growth of the global construction sealant market is hindered by government regulations in multiple countries aimed at reducing volatile organic compound (VOC) emissions. Construction sealant manufacturers worldwide make significant efforts to prioritize safety and mitigate health issues related to VOC (volatile organic compound) emissions from their chemical products. This dedication has notable impacts on the production capabilities of companies operating in Europe and North America. Both regions are subject to stringent environmental laws governing the manufacturing of chemicals and petroleum-based items.
- Regulatory bodies such as the Epoxy Resins Committee (ERC), the European Commission (EC), and other relevant agencies play a pivotal role in overseeing the production of solvent-based products within Europe and North America. These stringent regulations, while necessary, can sometimes impede the expansion and growth of manufacturers in the industry.
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Global Construction Sealants Market Competitive Landscape
The Global Construction Sealants Market features a competitive landscape with several key players vying for market share. The competitive landscape market offers comprehensive information on various competitors. This includes an overview of the company, financial details, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launches, product range, application dominance, and other relevant data points related to the companies' focus on the construction sealants market.
Top Player’s Company Profiles
- Electrometallurgical Plant (Russia)
- H.B. Fuller (U.S.)
- Henkel (Germany)
- BASF (Germany)
- Dow (U.S.)
- Wacker (Germany)
- General Electric (U.S.)
- MAPEI (Italy)
- Asian Paints (India)
- ITW (U.S.)
- Soudal (Belgium)
- Konishi (Japan)
- DAP Products (U.S.)
- Pidilite (India)
- KCC (Korea)
- Yokohama Rubber (Japan)
- Franklin (U.S.)
- Selena (Poland)
- Kömmerling (Germany)
- PCI (Germany)
- Hodgson Sealants (U.K.)
- Pecora (U.S.)
- Euclid (U.S.)
Recent Developments
- In January 2022 H.B. Fuller announced that it had acquired Apollo Chemicals, a UK-based company, to enhance its presence in the European market.
- In May 2022, ITW Performance Polymers revealed a distribution collaboration with PREMA SA in Poland to distribute its Devcon brand.
- In December 2021, Sika announced its plans to establish a new technology center and manufacturing facility in Pune, India. This facility would focus on producing high-quality adhesives and sealants primarily for the transportation and construction industries. The project would involve the installation of three new production lines.
Global Construction Sealants Key Market Trends
- Growing Demand for Eco-friendly Products: The key trend in the global construction sealants market is the growing demand for eco-friendly and sustainable sealant products. With increasing awareness about environmental concerns and the need to reduce carbon footprints, construction companies and consumers alike have been shifting towards sealants made from renewable or recycled materials. Additionally, there has been a rising emphasis on low VOC (volatile organic compound) and solvent-free sealants, which contribute to better indoor air quality and healthier living environments. This trend is driven by a combination of regulatory pressures, changing consumer preferences, and the construction industry's commitment to adopting more environmentally responsible practices.
Global Construction Sealants Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Application team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Construction Sealants Market analysis, the market analysis indicates a steady increase in demand driven by various factors such as the expansion of construction, automotive industry, and sealing medical devices. Additionally, the construction sector's rapid development and infrastructure projects worldwide contribute to the market's positive outlook. However, the analysts note potential restraints related to government and environmental regulations that need to be addressed. Nonetheless, the market presents promising opportunities, especially in emerging economies, where industrialization and urbanization are on the rise.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.23 billion |
| Market size value in 2031 | USD 12.85 billion |
| Growth Rate | 6.09% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Construction Sealants Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Construction Sealants Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Construction Sealants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Construction Sealants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Construction Sealants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Construction Sealants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Construction Sealants Market Report Snapshots
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