Market Size of brazil sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 399.98 Million |
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Market Size (2028) | USD 496.92 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.58 % |
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Fastest Growing by End User Industry | Building and Construction |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Brazil Sealants Market Analysis
The Brazil Sealants Market size is estimated at 399.98 million USD in 2024, and is expected to reach 496.92 million USD by 2028, growing at a CAGR of 5.58% during the forecast period (2024-2028).
399.98 Million
Market Size in 2024 (USD)
496.92 Million
Market Size in 2028 (USD)
7.06 %
CAGR (2017-2023)
5.58 %
CAGR (2024-2028)
Largest Market by End-user Industry
77.45 %
value share, Building and Construction, 2023
In Brazil, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, weather insulation, and others.
Fastest Growing Market by End-user Industry
5.87 %
Projected CAGR, Building and Construction, 2024-2028
The building and construction industry is projected to witness the fastest growth in the market owing to the increasing demand for residential and commercial construction in the country.
Largest Market by Resin
40.50 %
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
5.73 %
Projected CAGR, Silicone, 2024-2028
Due to its excellent tear and abrasion resistance and wide usage in building and construction, silicone resin is likely to witness the fastest growth in the coming years.
Leading Market Player
4.97 %
market share, Sika AG, 2021
Sika AG has been witnessing increasing volume sales in Brazil. This increase is mainly due to innovation in their products and the wide range of sealant products offered by the company through various sales channels.
The slow growth of Brazilian medical device market affects the overall sealants market
- Brazil's sealants market is dominated by the construction industry, followed by the automotive industry 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 plays a vital role in the country’s economy. In 2019, the construction industry counted for 3.2% of the nation’s GDP. However, construction activities decreased in 2020 due to COVID-19 restrictions and scarcity of raw materials, which was partially restored in 2021, thus, proliferating the sealants demand across the country.
- Sealants have considerable applications in the automotive industry due to their unique applicability to bind with various substrates such as glass, metal, plastic, and painted surfaces. Brazil has a strong presence of parts and components manufacturers for the automotive industry. In 2021, vehicle production increased by 11.2%, and the trend will continue in the upcoming future, which will subsequently boost the sealants demand.
- The healthcare industry is mostly used sealants for assembling and sealing medical device parts. Medical-grade sealants have imposed weather-proofing, heat resistance, and anti-aging properties on the applied surfaces. The medical device market in Brazil is growing slowly. Therefore, the demand for sealants is likely to account for sluggish growth in the upcoming years.
Understand The Key Trends Shaping This Market
