Sealants Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Product Type (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Other Product Types), End-user Industry (Building and Construction, Transportation, Healthcare, Electrical and Electronics, and Other End-user Industries), and Geography.

Market Snapshot

Sealants Market - Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The market for sealants is expected to register a CAGR of over 4%, during the forecast period of 2019-2024. One of the major factors driving the market studied is the rising popularity of dental and surgical sealants. However, stringent environmental regulations regarding VOC emissions are expected to hinder the growth of the market studied.

  • Building and construction segment dominated the market in 2018, and is expected to grow during the forecast period, owing to the increasing constructional activities in emerging economies.
  • Increase in demand for automatic valves is likely to act as an opportunity in the future.
  • Asia-Pacific dominated the market across the world, with the largest consumption coming from countries, such as China and India.

Scope of the Report

The sealants market report includes:

Product Type
Silicone
Polyurethane
Acrylic
Polyvinyl Acetate
Other Types
End-user Industry
Building and Construction
Transportation
Healthcare
Electrical and Electronics
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Accelerating Building and Construction Industry

  • Sealants, owing to their characteristics and physical properties (such as good cohesion, adhesion, elasticity, high cohesive strength, flexibility, high elastic modulus of substrate, resistance to thermal expansion, environmental resistance to UV light, corrosion, salt water, rain, and other weathering conditions), have extensive use in the construction industry. They are mainly used to seal the joints and gaps between substrates. Hence, they are critical components of the construction industry. The chief purpose of sealants is to avoid air, water, and other elements from exiting or entering the structure.
  • The pace of growth of the global construction industry stabilized in 2018. However, it is expected to increase during the coming years, in regions, like the Middle East and Asia-Pacific. Construction is likely to be one of the most dynamic industrial sectors in the next 15 years, and is utterly crucial to the evolution of prosperous societies around the world. The volume of construction output is expected to grow by 85%, to USD 15.5 trillion, globally, by 2030, with three countries, namely, China, the United States, and India, leading the way and accounting for 57% of all global growth.
  • Long-term demand is expected to be evinced across all regions, but with particular strength in South America and Asia, where major construction and infrastructure improvement projects are planned. In Europe, the construction industry is stabilized. However, it is not expected to continue to decelerate.
  • The aforementioned factors are expected to increase the demand from the building and construction sector, during the forecast period.
Sealants Market - Segmentation

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Asia-Pacific is Expected to Dominate the Market

  • Asia-Pacific dominated the market in 2018, with the largest consumption taking place in countries, such as China and India. 
  • India is a growing economy and holds great potential for future market opportunities. Despite the unfavorable global economic issues, robust urban consumption and increase in public investment have guided growth in the Indian economy. Industrial production, as well as the automotive, electrical and electronics, and manufacturing sectors, has seen increased growth, with commercial and government investments, as well as FDI involvement, driving the market for sealants in India.
  • The major manufacturers of sealant in India are Arkema (Bostik), Ashland Inc., Henkel Ag & Co. KGaA, and 3M, among others. The end-user industries, such as the automotive, construction, and manufacturing industries, as well as the packaging industry, have seen increased growth with private and government investments, as well as FDI involvement, boosting the market for sealants at a larger scale, in India.
  • The Chinese construction sector is expected to grow by 5.9%, in 2019. China, as well as the global economy, was negatively impacted by the ongoing trade disputes. Local authorities resorted to increasing public investment in the infrastructure sector. 
  • All such aforementioned factors are expected to increase the usage of sealants in the Asia-Pacific region, over the forecast period.
Sealants Market

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Competitive Landscape

The sealants market is partially fragmented and dominated by very few players. Some of these major players include Henkel Ag & Co. KGaA, HB Fuller, ITW Polymers Sealants North America, 3M Company, and Sika AG.

Major Players

  1. Henkel Ag & Co. KGaA
  2. HB Fuller
  3. ITW Polymers Sealants North America
  4. 3M Company
  5. Sika AG

* Complete list of players covered available in the table of contents below

Market concentration -  Sealants Market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Popularity of Dental and Surgical Sealants

      2. 4.1.2 Dynamic Economic Development in Asia-Pacific

      3. 4.1.3 Accelerating Demand from the Automotive and Aerospace Industries

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations regarding VOC Emissions

      2. 4.2.2 Volatility in Raw Material Prices

      3. 4.2.3 Declining Construction Output in BRICS Nations

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Raw Material Analysis

    6. 4.6 Patent Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Silicone

      2. 5.1.2 Polyurethane

      3. 5.1.3 Acrylic

      4. 5.1.4 Polyvinyl Acetate

      5. 5.1.5 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Transportation

      3. 5.2.3 Healthcare

      4. 5.2.4 Electrical and Electronics

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M Company

      2. 6.4.2 Adco (UK) Limited

      3. 6.4.3 Alfa International Corporation

      4. 6.4.4 Arkema Group (Bostik SA)

      5. 6.4.5 Avery Dennison Corporation

      6. 6.4.6 Benson Polymers

      7. 6.4.7 Buhnen

      8. 6.4.8 DowDuPont

      9. 6.4.9 Drytac

      10. 6.4.10 Franklin International

      11. 6.4.11 HB Fuller

      12. 6.4.12 Henkel & Co.

      13. 6.4.13 Hexcel Corporation

      14. 6.4.14 Hexion Inc.

      15. 6.4.15 Huntsman Corp.

      16. 6.4.16 ITW Polymers Sealants North America

      17. 6.4.17 Jowat Se

      18. 6.4.18 Lord Corporation

      19. 6.4.19 Mactac

      20. 6.4.20 Mapei Spa

      21. 6.4.21 Paramelt BV

      22. 6.4.22 Parex Group

      23. 6.4.23 Royal Adhesives and Sealants

      24. 6.4.24 Rpm International

      25. 6.4.25 Sika AG

      26. 6.4.26 Tesa SE

      27. 6.4.27 Wacker Chemie AG

      28. 6.4.28 Yokohama Industries

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increase in Demand for Automatic Valves

**Subject to Availability

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