Market Size of china sealants Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2028 |
|
Market Size (2024) | USD 3.14 Billion |
|
|
Market Size (2028) | USD 4.06 Billion |
|
Largest Share by End User Industry | Building and Construction |
|
|
CAGR (2024 - 2028) | 6.58 % |
|
|
Fastest Growing by End User Industry | Automotive |
Major Players |
||
|
||
|
*Disclaimer: Major Players sorted in no particular order |
China Sealants Market Analysis
The China Sealants Market size is estimated at 3.14 billion USD in 2024, and is expected to reach 4.06 billion USD by 2028, growing at a CAGR of 6.58% during the forecast period (2024-2028).
3.14 Billion
Market Size in 2024 (USD)
4.06 Billion
Market Size in 2028 (USD)
5.02 %
CAGR (2017-2023)
6.58 %
CAGR (2024-2028)
Largest Market by End-user Industry
67.64 %
value share, Building and Construction, 2023
In China, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, insulation, curtain wall, glazing, and others.
Fastest Growing Market by End-user Industry
8.05 %
Projected CAGR, Automotive, 2024-2028
The automotive industry is the fastest-growing end-user segment in the market, owing to the rising demand for lightweight and high-impact resistance components to substitute traditional metal joints and fasteners.
Largest Market by Resin
42.87 %
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
7.03 %
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 sealant is likely to witness the fastest growth.
Leading Market Player
9.91 %
market share, Chengdu Guibao Science and Technology Co., Ltd., Ltd.
Chengdu Guibao Science and Technology has been witnessing the highest volume of sales due to its outstanding product performance and strong domestic presence, mostly in the building and construction industry.
Construction sealants to boost the sealants, owing to waterproofing, cracks-sealing, and joint-sealing applications
- The China 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, cracks-sealing, and joint-sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction sector achieved a GDP of 6.9% in 2020 despite supply chain disruption and production suspension due to COVID-19 impacts.
- 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 Chinese electronics market registered a market share of 41% globally in 2020 and is likely to have sustainable growth in the upcoming years due to the extensive presence of the manufacturing ecosystem with a huge labor force. This, in terms, will foster the demand for sealants in the other end-user segment. Moreover, China has a massive production capacity for locomotive and marine industries in the world, boosting the demand for required sealants.
- 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. China registered promising growth in these sectors, specifically in automotive, in recent times and is likely to continue in the upcoming years, which will augment the demand for sealants by 2028.
Understand The Key Trends Shaping This Market
