Market Size of australia sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 154.51 Million |
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Market Size (2028) | USD 194.81 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.97 % |
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Fastest Growing by End User Industry | Aerospace |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Australia Sealants Market Analysis
The Australia Sealants Market size is estimated at 154.51 million USD in 2024, and is expected to reach 194.81 million USD by 2028, growing at a CAGR of 5.97% during the forecast period (2024-2028).
154.51 Million
Market Size in 2024 (USD)
194.81 Million
Market Size in 2028 (USD)
7.72 %
CAGR (2017-2023)
5.97 %
CAGR (2024-2028)
Largest Market by End-user Industry
62.26 %
value share, Building and Construction, 2023
In Australia, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, heal sealing, curtain wall, glazing, façade, and others.
Fastest Growing Market by End-user Industry
7.77 %
Projected CAGR, Aerospace, 2024-2028
The aerospace segment is likely to witness the fastest growth owing to the increasing demand for civil and general aircraft in the country.
Largest Market by Resin
42.74 %
value share, Silicone, 2023
Silicone sealants have the largest share owing to their wide applications in building construction and automotive industries, specifically for interior and exterior applications.
Fastest Growing Market by Resin
6.25 %
Projected CAGR, Polyurethane, 2024-2028
Due to its excellent tear and abrasion resistance and wide usage in building and construction and automotive end-user, polyurethane resin is expected to witness the fastest growth.
Leading Market Player
30.30 %
market share, DuluxGroup Ltd., 2021
DuluxGroup Ltd has witnessed an increase in its sales volume in Australia due to its broad portfolio of products and markets. The company has leveraged Nippon Paint's integration with the Selleys brand to expand its sealants segment.
Medical device manufacturing to drive the growth in demand for sealants in Australia
- The Australian sealants market is dominated 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 generates about 9% of the country’s GDP. Currently, the Australian government is focusing on promoting energy-efficient building construction, thus, proliferating the sealants demand across the country.
- Other end-user industries comprise electronics and electrical components, locomotive and marine, and DIY, in which the electronics industry holds the major share due to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors, cables, etc. Moreover, the rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, would like to propel the industry size of the Australian sealants market.
- The healthcare industry mostly uses sealants for assembling and sealing medical device parts. Medical-grade sealants have unique applicability to bind with various substrates such as glass, metal, plastic, and painted surfaces. Australia has more than 500 medical device manufacturers, and the country is a major supplier of medical devices to the leading economies in the world, including the United States, Germany, and China. It is expected to register significant growth in medical device manufacturing due to unprecedented demand from the domestic market in the coming years. This, in terms, will boost the sealants demand in the country.
Understand The Key Trends Shaping This Market
