Market Size of italy sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 190.55 Million |
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Market Size (2028) | USD 239.95 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.93 % |
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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 |
Italy Sealants Market Analysis
The Italy Sealants Market size is estimated at 190.55 million USD in 2024, and is expected to reach 239.95 million USD by 2028, growing at a CAGR of 5.93% during the forecast period (2024-2028).
190.55 Million
Market Size in 2024 (USD)
239.95 Million
Market Size in 2028 (USD)
5.55 %
CAGR (2017-2023)
5.93 %
CAGR (2024-2028)
Largest Market by End-user Industry
43.62 %
value share, Building and Construction, 2023
In the Italian sealants market, 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
6.06 %
Projected CAGR, Building and Construction, 2024-2028
Building and construction is expected to be the fastest-growing end-user industry segment of the market owing to the increasing demand for luxurious homes in residential complexes.
Largest Market by Resin
44.42 %
value share, Silicone, 2023
Silicone sealants hold the largest market share owing to their wide-ranging applications in the building and construction and automotive industries, specifically for exterior applications.
Fastest Growing Market by Resin
6.05 %
Projected CAGR, Silicone, 2024-2028
Due to its excellent tear and abrasion resistance and wide usage in building and construction and automotive end-user industries, silicone sealant is projected to be the fastest-growing resin segment.
Leading Market Player
29.68 %
market share, MAPEI S.p.A., 2021
MAPEI SpA has been witnessing increased sales volume in the market due to its extensive range of polyurethane and epoxy sealants that can meet any kind of construction needs.
With new construction and renovation of old buildings demand for sealants will rise
- The Italian sealants market is majorly driven by the construction industry, followed by the other end-user industries segment due to the diverse applications of sealants in building and construction activities, such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. The Italian construction industry accounted for nearly 8% of the country's GDP. In 2018, Italy registered more than 490,000 companies in construction and related works. Due to the adverse impacts of the COVID-19 pandemic, the Italian construction industry's growth declined by 10.1% in 2020.
- A variety of sealants are widely used in electronics and electrical equipment manufacturing for potting and protecting applications. The Italian electronics market registered significant growth mostly due to the high demand for large household appliances, consumer electronics, and telephony. This is expected to foster the demand for sealants from the other end-user industries segment. A range of applications of sealants in the locomotive and DIY industries is expected to boost the demand for sealants by 2028.
- Sealants have diverse applications in the healthcare industry, and Italy has achieved significant development in the manufacturing of medical equipment over the decades. Sealants are used for healthcare applications such as assembling and sealing medical device parts. The country counted nearly 4,323 companies in the medical device and technology market. The Italian government also announced plans to invest EUR 1.18 billion to upgrade 3,133 devices at the end of 2024. Thus, such a trend is expected to augment the demand for medical-grade sealants over the coming years.
Understand The Key Trends Shaping This Market
