Market Size of germany sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 554.56 Million |
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Market Size (2028) | USD 703.82 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 6.14 % |
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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 |
Germany Sealants Market Analysis
The Germany Sealants Market size is estimated at 554.56 million USD in 2024, and is expected to reach 703.82 million USD by 2028, growing at a CAGR of 6.14% during the forecast period (2024-2028).
554.56 Million
Market Size in 2024 (USD)
703.82 Million
Market Size in 2028 (USD)
4.91 %
CAGR (2017-2023)
6.14 %
CAGR (2024-2028)
Largest Market by End-user Industry
55.16 %
value share, Building and Construction, 2023
In Germany, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, heat insulation, glazing, and façade.
Fastest Growing Market by End-user Industry
5.96 %
Projected CAGR, Building and Construction, 2024-2028
Due to the increasing healthcare expenditure and rising investment in tissue engineering and medical device production, the healthcare segment is projected to witness the fastest growth in the country.
Largest Market by Resin
43.12 %
value share, Silicone, 2023
Silicone sealants have the largest share owing to their wide applications in building construction and automotive industries, specifically for exterior applications.
Fastest Growing Market by Resin
6.36 %
Projected CAGR, Silicone, 2024-2028
Due to sheer strength and high impact resistance abilities, silicone sealants are mostly used in construction applications. Thus, silicone resins are expected to register the fastest growth in the market.
Leading Market Player
18.20 %
market share, Sika AG, 2021
Sika AG has been witnessing increasing volume sales in Germany. This growth can be attributed to the popularity of its products, mostly in the building and construction industry.
Growing EV production in Germany to augment the use of sealants
- The German sealants market is driven by the construction industry, followed by other end-user industries due to the diverse application of sealants in building construction, such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. The German construction industry obtained nearly 5.9% of the country’s GDP, propelling the demand for sealants in the coming years. The increasing growth of residential construction projects due to the shortage in housing facilities and ongoing renovation works will augment the sealants demand in Germany during the forecast period.
- A variety of sealants are widely used in electronics and electrical equipment manufacturing for potting and protecting materials. They are used for sealing sensors and cables, etc. The German electronics market is the sixth largest in the world, generating 2.6% (2021) of revenue share, which is likely to grow in the upcoming years. This, in terms, will foster the demand for sealants in the other end-user segment.
- 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. German automotive and OEMs focus on manufacturing electric vehicles to reduce carbon emissions and maintain vehicle weight to meet the industry standard. These factors will augment automotive and OEM production in the near future, which gradually influences demand.
Understand The Key Trends Shaping This Market
