Market Size of south africa sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 55.56 Million |
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Market Size (2028) | USD 65.87 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 4.35 % |
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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 |
South Africa Sealants Market Analysis
The South Africa Sealants Market size is estimated at 55.56 million USD in 2024, and is expected to reach 65.87 million USD by 2028, growing at a CAGR of 4.35% during the forecast period (2024-2028).
55.56 Million
Market Size in 2024 (USD)
65.87 Million
Market Size in 2028 (USD)
2.64 %
CAGR (2017-2023)
4.35 %
CAGR (2024-2028)
Largest Market by End-user Industry
31.75 %
value share, Building and Construction, 2023
In South Africa, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing and heat insulation.
Fastest Growing Market by End-user Industry
6.32 %
Projected CAGR, Aerospace, 2024-2028
The aerospace industry is forecast to witness the fastest growth in the market owing to the rapid expansion of general aviation in the domestic market.
Largest Market by Resin
45.85 %
value share, Silicone, 2023
Silicone sealant is the major resin-based sealant as it accounts for the largest application share in the building and construction industry for both interior and exterior uses.
Fastest Growing Market by Resin
4.73 %
Projected CAGR, Polyurethane, 2024-2028
Due to its excellent tear and abrasion resistance and wide usage in the building and construction end-user industry, polyurethane sealant is likely to be the fastest-growing sealant in the country.
Leading Market Player
11.37 %
market share, Soudal Holding N.V., 2021
Soudal Holding NV has been witnessing increasing volume sales in South Africa due to the popularity of its products mostly in the building and construction industry.
Robust growth of construction industry to boost the overall demand
- The construction industry dominates the South African sealants market due to 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 construction industry plays a vital role in the country’s economy. However, construction activities decreased by 36.6% in 2020 due to the COVID-19 pandemic-related restrictions and scarcity of raw materials.
- The other end-user industries segment comprises electronics and electrical components, locomotive and marine, and DIY, of which the electronics industry holds the largest share due to the diverse applications of sealants in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors and cables, etc. Moreover, the rapid growth of information technology, along with the strong market positioning of the consumer electronics segment, is expected to propel the electronics industry and gradually boost the South African sealants market.
- Sealants have numerous applications in the healthcare and automotive industries, and South Africa has registered significant growth in these sectors over the last few years. Sealants are used in healthcare primarily for assembling and sealing medical device parts. The automotive industry also exhibits significant applicability of sealants to various substrates such as glass, metal, plastic, and painted surfaces. Rapidly growing domestic demand for better healthcare facilities and increasing investments in these sectors are expected to influence the demand for sealants over the forecast period.
Understand The Key Trends Shaping This Market
