Market Size of spain sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 164.00 Million |
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Market Size (2028) | USD 199.46 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.01 % |
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Fastest Growing by End User Industry | Healthcare |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Spain Sealants Market Analysis
The Spain Sealants Market size is estimated at 164.00 million USD in 2024, and is expected to reach 199.46 million USD by 2028, growing at a CAGR of 5.01% during the forecast period (2024-2028).
164.00 Million
Market Size in 2024 (USD)
199.46 Million
Market Size in 2028 (USD)
5.67 %
CAGR (2017-2023)
5.01 %
CAGR (2024-2028)
Largest Market by End-user Industry
44.33 %
value share, Building and Construction, 2023
In Spain, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, heat insulation, glazing, façade, and others.
Fastest Growing Market by End-user Industry
5.39 %
Projected CAGR, Healthcare, 2024-2028
Due to the increasing healthcare expenditure and rising investment in tissue engineering and medical device production, the healthcare segment is projected to witness the fastest growth during the forecast period.
Largest Market by Resin
43.99 %
value share, Silicone, 2023
Silicone sealant is the major resin-based sealant owing to its largest application share in the building and construction industry for both interior and exterior applications.
Fastest Growing Market by Resin
5.15 %
Projected CAGR, Silicone, 2024-2028
Due to its sheer strength and high impact resistance and wide usage in building and construction and healthcare end-user, silicone sealant is likely to be the fastest-growing resin segment.
Leading Market Player
16.01 %
market share, Sika AG, 2021
Sika AG has been witnessing increasing volume sales in Spain. This growth can be attributed to the popularity of its products, mostly in the building and construction industry.
New construction and infrastructure development to lead the market growth
- The Spain sealants market is majorly driven by the construction industry, followed by other end-user industries due to diverse applications of sealants in building and construction activities such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction industry of Spain registered around 5.7% of the country’s GDP in 2019. During COVID-19, the construction output was reduced by 19.5% in 2020, sustained in 2021 owing to increasing construction investment and home maintenance activities in the country. Such trends will likely continue in the near future and gradually increase sealants demand.
- A variety of sealants are used in electrical equipment manufacturing for potting and protecting applications. They are used for sealing sensors and cables, etc. The Spanish electronics market registered significant growth, mostly due to the growing popularity of wireless electronic devices and the rapid adoption of wearable gadgets. This, in terms, will foster the demand for sealants in the other end-user segment. Moreover, a range of applications of sealants in the locomotive and DIY industries will boost the demand for required sealants by 2028.
- Sealants have diverse applications in the healthcare and automotive industries. Sealants are used in healthcare applications, such as assembling and sealing medical device parts. The automotive industry exhibits significant applicability of sealants to various substrates, mostly used for engines and car gaskets. Spain has registered promising growth in these sectors in recent times and is likely to continue in the upcoming years. Thus, such a trend will augment the demand for sealants by 2028.
Understand The Key Trends Shaping This Market
