Market Size of india sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 369.21 Million |
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Market Size (2028) | USD 462.18 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.78 % |
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Fastest Growing by End User Industry | Aerospace |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India Sealants Market Analysis
The India Sealants Market size is estimated at 369.21 million USD in 2024, and is expected to reach 462.18 million USD by 2028, growing at a CAGR of 5.78% during the forecast period (2024-2028).
369.21 Million
Market Size in 2024 (USD)
462.18 Million
Market Size in 2028 (USD)
8.79 %
CAGR (2017-2023)
5.78 %
CAGR (2024-2028)
Largest Market by End-user Industry
46.06 %
value share, Building and Construction, 2023
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 Market by End-user Industry
7.53 %
Projected CAGR, Aerospace, 2024-2028
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 Market by Resin
45.04 %
value share, Silicone, 2023
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 Market by Resin
5.88 %
Projected CAGR, Silicone, 2024-2028
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.
Leading Market Player
10.93 %
market share, Pidilite Industries Ltd., 2021
Pidilite Industries Ltd is the top player in the market owing to its predominant presence in the country. The company has around 6,000 distributors and 6,00,000 dealers and retailers across India, making its products and services available to most consumers.
Emerging automotive market and construction industry are expected to boost the consumption of sealants in India
- 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.
Understand The Key Trends Shaping This Market
