Europe Sealants Market Size
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 6.20 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Sealants Market Analysis
The Europe Sealants Market is likely to be valued at around USD 2,600 million by the end of this year, and the market is projected to register a CAGR of 6.2% during the forecast period. The COVID pandemic negatively affected the market for sealants in Europe. However, post-COVID pandemic, the rising demand from the construction and healthcare industries is expected to revive the market for sealants in the region.
- The increasing demand from the construction industry is expected to drive the market for sealants. However, the growth is likely hindered by rising environmental concerns and VOC emissions regulations related to sealants.
- The innovation and development of bio-based sealants will likely create opportunities for the sealants market.
- Germany is the largest market for sealants in the region, where the consumption is driven by the end-user industries, such as automotive, construction, and healthcare.
Europe Sealants Market Trends
This section covers the major market trends shaping the Europe Sealants Market according to our research experts:
The Construction End-User Segment to Dominate the Market
- In Germany, non-residential and commercial buildings are expected to witness significant growth prospects in the coming years. The country's total buildings and construction work permits in 2020 were around 232 thousand units, an increase of around 4.3% compared to 2019. Additionally, the increasing need for schools, government offices, and healthcare facilities is expected to boost the construction industry in the country.
- Furthermore, the new German Social Democrat government is focusing heavily on the housing crisis in the country. The government is creating an entirely new ministry to supervise its housing plans. The government has pledged more than 400,000 new housing units every year from 2022, 100,000 of which will be publicly subsidized. This is expected to fuel the demand for sealants from the residential segment.
- Similarly, the United Kingdom's sealants market is driven by the construction industry due to diverse applications, such as roofing, plumbing, and flooring. The government plans to invest USD 27.8 billion in housing, science and innovation, transport, and a 5G network over the next five years, of which around USD 8.7 billion has been allocated for the construction of new homes and USD 4.8 billion for infrastructure.
- In addition, the government has plans to invest USD 122.9 billion in large-scale housing projects, along with key social infrastructures, such as schools and hospitals. Under these projects, the government promised to build about 1,000,000 homes, which is expected to increase the demand for sealants.
Germany to Dominate the Market
- Germany is one of the largest consumers of sealants in the region. Growing construction activities, increasing consumption in the automotive industry, and the growing healthcare and aerospace industries are key factors driving the consumption of sealants in the country.
- In 2021, the German government initiated the construction of the Digital Park Fechenheim on 10.7 hectares of area, with a gross floor area of 100,000 m2, in Frankfurt-Fechenheim, Hesse, Germany, with an investment of USD 1,179 million. The construction work started in Q3 2021 and is expected to be completed in Q4 2028. In the third quarter of 2021, the country started the construction of the Central Hospital in Lörrach, Baden-Wuerttemberg, with an investment of USD 418 million, which is expected to be completed by 2025.
- Germany has achieved significant development in the healthcare and automotive industries over the decades. Sealants are used in applications in healthcare, such as assembling and sealing medical device parts. The automotive industry exhibits significant applicability of sealants to various substrates, such as glass, metal, plastic, and painted surfaces. These are mostly used in engines and car gaskets. Germany has registered about 23% of the market share in terms of the production of premium cars in 2021.
- With rising concerns after the pandemic period to overcome the deficiencies of the healthcare system, the German government's policies are drawn toward making the healthcare system more efficient than in pre-pandemic times, such as an infusion of funds under the European Regional Development Fund to fill the gaps in the healthcare industry with public funding. The medical technology market is expected to register a CAGR of 5.28% in 2022-2027, leading to an increase in demand for sealants required for healthcare in the forecast period.
Europe Sealants Industry Overview
The Europe Sealants market is partially fragmented. Some major players in the market (not in a particular order) include Sika AG, 3M, Arkema Group, Henkel AG & Co. KGaA, and Soudal Holding N.V.
Europe Sealants Market Leaders
Sika AG
Henkel AG & Co. KGaA
Arkema Group
Soudal Holding N.V
3M
*Disclaimer: Major Players sorted in no particular order
Europe Sealants Market News
- In Jan 2020, Hodgson Sealants company launched a new product, HYSPEC 25 in Action, under its umbrella of hybrid sealants. The product has numerous applications in the construction industry.
Europe Sealants Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Report
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Demand from the Construction Industry in Germany
4.1.2 Growing Usage in the Healthcare Industry
4.2 Restraints
4.2.1 The Rising Environmental Concerns
4.2.2 Other Restrains
4.3 Industry Value-chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Resin
5.1.1 Acrylic
5.1.2 Epoxy
5.1.3 Polyurethane
5.1.4 Silicone
5.1.5 Other Resins
5.2 End-User Industry
5.2.1 Aerospace
5.2.2 Automotive
5.2.3 Building and Construction
5.2.4 Healthcare
5.2.5 Other End-user Industries
5.3 Geography
5.3.1 France
5.3.2 Germany
5.3.3 Italy
5.3.4 Russia
5.3.5 Spain
5.3.6 United Kingdom
5.3.7 Rest Of Europe
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Adshead Ratcliffe & Co Ltd.
6.4.3 Arkema Group
6.4.4 CERMIX
6.4.5 Dow
6.4.6 EGO Dichtstoffwerke GmbH & Co. Betriebs KG
6.4.7 Hodgson Sealants
6.4.8 H.B. Fuller Company
6.4.9 Henkel AG & Co. KGaA
6.4.10 ISPO Group
6.4.11 MAPEI S.p.A
6.4.12 NPT Srl
6.4.13 RPM International Inc.
6.4.14 Sika AG
6.4.15 Soudal Holding N.V.
6.4.16 Torggler S.r.l.
6.4.17 Wacker Chemie AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Sealants Industry Segmentation
Sealants are designed to close gaps between surfaces and prevent dust, water, or dirt from entering them. The sealants market is segmented by resin type, end-user industry, and geography. By resin type, the market is segmented into acrylic, epoxy, polyurethane, silicone, and Other resins. By end-user Industry, the market is segmented into aerospace, automotive, building and construction, healthcare, and other end-user industries. The report also covers the market size and forecasts for the market in six countries across Europe. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons) and revenue (USD million).
Europe Sealants Market Research FAQs
What is the current Europe Sealants Market size?
The Europe Sealants Market is projected to register a CAGR of greater than 6.20% during the forecast period (2024-2029)
Who are the key players in Europe Sealants Market?
Sika AG, Henkel AG & Co. KGaA, Arkema Group, Soudal Holding N.V and 3M are the major companies operating in the Europe Sealants Market.
What years does this Europe Sealants Market cover?
The report covers the Europe Sealants Market historical market size for years: . The report also forecasts the Europe Sealants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Sealants Industry Report
Statistics for the 2024 Europe Sealants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Sealants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
