India Sealants Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The India Sealants Market is segmented by End User Industry ( Aerospace, Automotive, Building And Construction, Healthcare ) and by Resin ( Acrylic, Epoxy, Polyurethane, Silicone )

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India Sealants Industry Overview

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https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2017 - 2028
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry: Building and Construction
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by End User Industry: Aerospace
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 6.59 %

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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India Sealants Market Analysis

The India Sealants Market is projected to register a CAGR of 6.59%

  • Largest Segment by End User Industry - Building and Construction : For the Indian sealants market, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, insulation, curtain wall, and glazing.
  • Fastest-growing Segment by End User Industry - Aerospace : The aerospace industry is forecast to be the fastest-growing end-user industry segment for the market owing to the rapid expansion of general aviation and military aviation in the domestic market.
  • Largest Segment by Resin - Silicone : Silicone sealant is the major resin-based sealant and holds the largest application share in the building and construction industry for both interior and exterior applications.
  • Fastest-growing Segment by Resin - Silicone : Due to their sheer strength and high-impact resistance abilities, silicone sealants are mostly used in construction applications and are, thus, expected to witness the fastest growth during the forecast period.

India Sealants Industry Segments

Aerospace, Automotive, Building And Construction, Healthcare are covered as segments by End User Industry. Acrylic, Epoxy, Polyurethane, Silicone are covered as segments by Resin.
End User Industry
Aerospace
Automotive
Building And Construction
Healthcare
Other End-user Industries
Resin
Acrylic
Epoxy
Polyurethane
Silicone
Other Resins

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India Sealants Market Trends

This section covers the major market trends shaping the India Sealants Market according to our research experts:

Building and Construction is the largest segment by End User Industry.

  • The construction industry dominates the Indian sealants market, followed by other end-user industries due to the diverse applications of sealants in building and construction activities, such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. Construction sealants are designed for longevity and ease of application on different substrates. The Indian construction sector accounted for about 9% of the nation’s GDP in 2021 by offsetting the adverse impacts of the COVID-19 pandemic. The Indian government continuously promotes low-energy buildings and sustainable development, which is expected to increase the demand for sealants over the forecast period gradually.
  • Various sealants are used in electrical equipment manufacturing for potting and protecting applications. They are used for sealing sensors and cables, etc. The Indian electronics market accounted for nearly 2.5% of the country’s GDP in 2021 and is likely to record promising growth over the coming years due to the growing demand from the telecommunication and domestic appliances market. This, in turn, will foster the demand for sealants in the other end-user industry segment. India has showcased considerable growth in the locomotive, marine, and DIY industries, which is expected to boost the demand for the required sealants by 2028.
  • Sealants have diverse applications in the automotive industry and exhibit extensive bonding to various substrates, mainly used for engines and car gaskets. India has achieved decent growth in automotive production due to the shifting consumer trend toward personal mobility, which is likely to continue over the coming years. Thus, such a trend is expected to augment the demand for sealants over the forecast period 2022-2028.
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India Sealants Market Competitor Analysis

The India Sealants Market is fragmented, with the top five companies occupying 26.25%. The major players in this market are 3M, Henkel AG & Co. KGaA, Pidilite Industries Ltd., Sika AG and Soudal Holding N.V. (sorted alphabetically).

India Sealants Market Top Players

  1. 3M

  2. Henkel AG & Co. KGaA

  3. Pidilite Industries Ltd.

  4. Sika AG

  5. Soudal Holding N.V.

*Disclaimer: Major Players sorted in no particular order

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India Sealants Market Recent Developments

  • December 2021: Sika planned to establish a new technology center and manufacturing factory for high-quality adhesives and sealants in Pune, India. The company primarily manufactures products for the transportation and construction industries through its three new production lines.
  • December 2020: WACKER launched renewables-based silicone sealants extending its silicone sealants portfolio.
  • February 2020: Henkel announced to set up a new production unit in India for its Adhesive Technologies segment at an investment of EUR 50 million.

India Sealants Market Report - Table of Contents

  1. 1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. 2. REPORT OFFERS

  3. 3. INTRODUCTION

    1. 3.1. Study Assumptions & Market Definition

    2. 3.2. Scope of the Study​

    3. 3.3. Research Methodology

  4. 4. KEY INDUSTRY TRENDS

    1. 4.1. End User Trends

    2. 4.2. Regulatory Framework

    3. 4.3. Value Chain & Distribution Channel Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1. End User Industry

      1. 5.1.1. Aerospace

      2. 5.1.2. Automotive

      3. 5.1.3. Building And Construction

      4. 5.1.4. Healthcare

      5. 5.1.5. Other End-user Industries

    2. 5.2. Resin

      1. 5.2.1. Acrylic

      2. 5.2.2. Epoxy

      3. 5.2.3. Polyurethane

      4. 5.2.4. Silicone

      5. 5.2.5. Other Resins

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1. Key Strategic Moves

    2. 6.2. Market Share Analysis

    3. 6.3. Company Landscape

    4. 6.4. Company Profiles

      1. 6.4.1. 3M

      2. 6.4.2. Arkema Group

      3. 6.4.3. ASTRAL ADHESIVES

      4. 6.4.4. Dow

      5. 6.4.5. Henkel AG & Co. KGaA

      6. 6.4.6. Jubilant Industries Ltd.

      7. 6.4.7. Pidilite Industries Ltd.

      8. 6.4.8. Sika AG

      9. 6.4.9. Soudal Holding N.V.

      10. 6.4.10. Wacker Chemie AG

  7. 7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS

  8. 8. APPENDIX

    1. 8.1. Global Adhesives and Sealants Industry Overview

      1. 8.1.1. Overview

      2. 8.1.2. Porter’s Five Forces Framework

      3. 8.1.3. Global Value Chain Analysis

      4. 8.1.4. Drivers, Restraints, and Opportunities

    2. 8.2. Sources & References

    3. 8.3. List of Tables & Figures

    4. 8.4. Primary Insights

    5. 8.5. Data Pack

    6. 8.6. Glossary of Terms

List of Tables & Figures

    Figure 1:  

    INDIA AIRCRAFT DELIVERIES, VOLUME IN UNITS, 2017-2028

    Figure 2:  

    INDIA AUTOMOBILE PRODUCTION, VOLUME IN UNITS, 2017-2028

    Figure 3:  

    INDIA NEW FLOOR AREA, VOLUME IN SQUARE FEET, 2017-2028

    Figure 4:  

    INDIA SEALANTS MARKET, VOLUME, TONS, 2017 - 2028

    Figure 5:  

    INDIA SEALANTS MARKET, VALUE, USD, 2017 - 2028

    Figure 6:  

    INDIA SEALANTS MARKET, BY END USER INDUSTRY, VOLUME, TONS, 2017 - 2028

    Figure 7:  

    INDIA SEALANTS MARKET, BY END USER INDUSTRY, VALUE, USD, 2017 - 2028

    Figure 8:  

    INDIA SEALANTS MARKET, BY END USER INDUSTRY, VOLUME SHARE (%), 2022 VS 2028

    Figure 9:  

    INDIA SEALANTS MARKET, BY END USER INDUSTRY, VALUE SHARE (%), 2022 VS 2028

    Figure 10:  

    INDIA SEALANTS MARKET, AEROSPACE, VOLUME, TONS, 2017 - 2028

    Figure 11:  

    INDIA SEALANTS MARKET, AEROSPACE, VALUE, USD, 2017 - 2028

    Figure 12:  

    INDIA SEALANTS MARKET, AEROSPACE, BY RESIN, VALUE SHARE (%), 2021 VS 2028

    Figure 13:  

    INDIA SEALANTS MARKET, AUTOMOTIVE, VOLUME, TONS, 2017 - 2028

    Figure 14:  

    INDIA SEALANTS MARKET, AUTOMOTIVE, VALUE, USD, 2017 - 2028

    Figure 15:  

    INDIA SEALANTS MARKET, AUTOMOTIVE, BY RESIN, VALUE SHARE (%), 2021 VS 2028

    Figure 16:  

    INDIA SEALANTS MARKET, BUILDING AND CONSTRUCTION, VOLUME, TONS, 2017 - 2028

    Figure 17:  

    INDIA SEALANTS MARKET, BUILDING AND CONSTRUCTION, VALUE, USD, 2017 - 2028

    Figure 18:  

    INDIA SEALANTS MARKET, BUILDING AND CONSTRUCTION, BY RESIN, VALUE SHARE (%), 2021 VS 2028

    Figure 19:  

    INDIA SEALANTS MARKET, HEALTHCARE, VOLUME, TONS, 2017 - 2028

    Figure 20:  

    INDIA SEALANTS MARKET, HEALTHCARE, VALUE, USD, 2017 - 2028

    Figure 21:  

    INDIA SEALANTS MARKET, HEALTHCARE, BY RESIN, VALUE SHARE (%), 2021 VS 2028

    Figure 22:  

    INDIA SEALANTS MARKET, OTHER END-USER INDUSTRIES, VOLUME, TONS, 2017 - 2028

    Figure 23:  

    INDIA SEALANTS MARKET, OTHER END-USER INDUSTRIES, VALUE, USD, 2017 - 2028

    Figure 24:  

    INDIA SEALANTS MARKET, OTHER END-USER INDUSTRIES, BY RESIN, VALUE SHARE (%), 2021 VS 2028

    Figure 25:  

    INDIA SEALANTS MARKET, BY RESIN, VOLUME, TONS, 2017 - 2028

    Figure 26:  

    INDIA SEALANTS MARKET, BY RESIN, VALUE, USD, 2017 - 2028

    Figure 27:  

    INDIA SEALANTS MARKET, BY RESIN, VOLUME SHARE (%), 2022 VS 2028

    Figure 28:  

    INDIA SEALANTS MARKET, BY RESIN, VALUE SHARE (%), 2022 VS 2028

    Figure 29:  

    INDIA SEALANTS MARKET, ACRYLIC, VOLUME, TONS, 2017 - 2028

    Figure 30:  

    INDIA SEALANTS MARKET, ACRYLIC, VALUE, USD, 2017 - 2028

    Figure 31:  

    INDIA SEALANTS MARKET, ACRYLIC, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 32:  

    INDIA SEALANTS MARKET, EPOXY, VOLUME, TONS, 2017 - 2028

    Figure 33:  

    INDIA SEALANTS MARKET, EPOXY, VALUE, USD, 2017 - 2028

    Figure 34:  

    INDIA SEALANTS MARKET, EPOXY, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 35:  

    INDIA SEALANTS MARKET, POLYURETHANE, VOLUME, TONS, 2017 - 2028

    Figure 36:  

    INDIA SEALANTS MARKET, POLYURETHANE, VALUE, USD, 2017 - 2028

    Figure 37:  

    INDIA SEALANTS MARKET, POLYURETHANE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 38:  

    INDIA SEALANTS MARKET, SILICONE, VOLUME, TONS, 2017 - 2028

    Figure 39:  

    INDIA SEALANTS MARKET, SILICONE, VALUE, USD, 2017 - 2028

    Figure 40:  

    INDIA SEALANTS MARKET, SILICONE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 41:  

    INDIA SEALANTS MARKET, OTHER RESINS, VOLUME, TONS, 2017 - 2028

    Figure 42:  

    INDIA SEALANTS MARKET, OTHER RESINS, VALUE, USD, 2017 - 2028

    Figure 43:  

    INDIA SEALANTS MARKET, OTHER RESINS, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028

    Figure 44:  

    INDIA SEALANTS MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2019 - 2021

    Figure 45:  

    INDIA SEALANTS MARKET, MOST ADOPTED STRATEGIES, 2019 - 2021

    Figure 46:  

    INDIA SEALANTS MARKET SHARE(%), BY MAJOR PLAYERS REVENUE, 2021

Market Definition

  • End-user Industry - Building & Construction, Automotive, Aerospace, Healthcare, and Others are the end-user industries considered under the sealants market.
  • Product - All sealant products are considered in the market studied
  • Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Silicone, and Others are considered
  • Technology - For the purpose of this study, One component and Two component sealant technologies are taken into consideration.

For any queries related to market definition, click here to schedule a call with our analysts.

Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms

For any queries related to research methodology, click here to schedule a call with our analysts.

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India Sealants Market Research FAQs

The India Sealants Market is studied from 2017 - 2028.

The India Sealants Market is growing at a CAGR of 6.59% over the next 5 years.

Building and Construction is growing at the highest CAGR over 2017 - 2028.

Aerospace holds highest share in 2021.

3M, Henkel AG & Co. KGaA, Pidilite Industries Ltd., Sika AG, Soudal Holding N.V. are the major companies operating in India Sealants Market.

India Sealants Industry Reports

In-depth industry statistics and market share insights of the India Sealants sector for 2020, 2021, and 2022. The India Sealants research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the India Sealants report PDF.