Market Overview
| Study Period | 2017 - 2028 |
|---|---|
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2028 |
| Market Size (2024) | USD 2.19 Billion |
| Market Size (2028) | USD 2.72 Billion |
| Growth Rate (2024 - 2028) | 5.63% CAGR |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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United States Sealants Market Analysis by Mordor Intelligence
The United States Sealants Market size is estimated at 2.19 billion USD in 2024, and is expected to reach 2.72 billion USD by 2028, growing at a CAGR of 5.63% during the forecast period (2024-2028).
The United States sealants industry is experiencing significant transformation driven by broader economic and industrial developments. The construction sector, which contributes approximately 4.2% to the US GDP, continues to be a major influence on market dynamics. Construction spending has shown remarkable resilience, reaching USD 1,677.2 billion in early 2022, reflecting the robust demand for residential and commercial construction projects. This sustained growth in construction activities has created substantial opportunities for sealant manufacturers, particularly in waterproofing sealants, weather sealing, and joint sealing applications.
The healthcare and medical technology sectors are emerging as significant growth drivers for the sealants market. The medical technology sector is projected to expand at a CAGR of 5.67% through 2027, driven by increasing investments in healthcare infrastructure and medical device manufacturing. This growth is particularly evident in the development of advanced medical equipment and devices that require specialized sealing solutions for assembly and protection. The industry is witnessing increased demand for high-performance sealants that meet stringent medical-grade requirements and sterilization standards.
The consumer electronics sector represents another crucial market segment, with an expected growth rate of 4.3% in the United States. This growth is primarily attributed to the increasing production of electronic devices and components that require effective sealing solutions for protection against moisture, dust, and environmental factors. Manufacturers are developing specialized electronic sealants for applications in electronic component assembly, sensor protection, and cable sealing, addressing the unique requirements of modern electronic devices.
The DIY and hardware segment is demonstrating substantial potential, with a projected CAGR of 3.44% through 2027. This growth is driven by increasing consumer interest in home improvement projects and the availability of user-friendly sealant products. Environmental considerations are also shaping market dynamics, with manufacturers focusing on developing non-toxic and low VOC content sealants to comply with stringent regulations. This shift towards environmentally friendly products is particularly evident in recent product innovations and formulations, reflecting the industry's commitment to sustainability while maintaining performance standards.
United States Sealants Market Trends and Insights
Government's' investments such as the Infrastructure for Rebuilding America (INFRA) program of USD 7.25 billion for FY 2022-2026 to increase construction in the country
- The United States is the largest country for construction activities in the North American region. The country had a GDP of USD 25,350 per capita, with an expected growth rate of 3.7% Y-o-Y in 2022. The construction industry contributes nearly 4.2% of the US GDP. The factors affecting the US construction industry are new investments, residential & non-residential constructions, government policies, and others.
- Public sector construction spending declined in 2021, recording USD 346.3 billion compared to USD 361.2 billion in 2020. However, the private sector construction spending increased in 2021 and was valued at USD 1,245.4 billion in 2021 compared to USD 1107.9 billion in 2020.
- The residential house construction, including privately‐owned housing units authorized by building permits in January, was at a seasonally adjusted annual rate of 1,899,000. This was 0.7% above the revised December rate of 1,885,000 and 0.8% above the January 2021 rate of 1,883,000.
- In March 2022, the US Department of Transportation (USDOT) announced that the Infrastructure for Rebuilding America (INFRA) program would distribute USD 7.25 billion for FY 2022-2026 to all states and regions to build multimodal freight and highway projects of national or regional significance. These factors are expected to boost construction activities in the United States over the forecast period.
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Government's United States-Canada-Mexico agreement of having 75% of automobile components produced in these 3 countries will increase the automotive production
- The US automotive industry witnessed a decline in annual production by around 3.5% in 2019 due to multiple factors, such as US sanctions on China and tariffs on steel and aluminum imports, especially from Canada and Mexico, two of the largest sources for imported metals for the US automotive industry. Automotive production fell by around 20% in 2020 compared to 2019 due to operational and supply chain restrictions coupled with worker unavailability resulting from the COVID-19 pandemic and the subsequent lockdowns. The semiconductor chip shortages and other supply chain constraints in 2021, which followed the pandemic, have been holding back automotive production growth.
- In the United States, the percentage of commercial vehicles manufactured increased from 73% in 2017 to 79% in 2020. This was due to the rising demand for pickup trucks and other Light Commercial Vehicles (LCVs) because of their multipurpose utility. This growth in the demand for LCVs is expected to continue in the forecast period.
- The United States is the third largest electric vehicle manufacturer after China and Europe. Seven of the 44 major US assembly plants, representing about 16% of US production capacity, are engaged in producing electric vehicles (EVs). General Motors own three, two are owned by Tesla, and Rivian and Lucid Motors own one site each. Demand for EVs grew 85% from 2020 to 2021, and this continuously increasing demand for EVs in the country is expected to drive production growth during the forecast period as well. The implementation of the United States-Canada-Mexico agreement, which mandates 75% of the cars to be produced in one of the three participating countries to avail zero tariffs, is expected to increase automotive production during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Civil aviation with 65% export share in Aerospace and Defense in 2021 and expected growth in exports is likely to boost Aerospace Production
Segment Analysis: End User Industry
Building & Construction Segment in US Sealants Market
The building and construction segment dominates the US sealants market, accounting for approximately 65% of the market share in 2024. This dominance is driven by extensive applications in waterproofing, weather sealing, crack sealing, and joint sealing activities. The segment's prominence is supported by robust growth in both residential and non-residential construction activities across the United States. The construction industry contributes nearly 4.2% to the US GDP, with significant developments in states like Texas, Florida, Georgia, Arizona, Washington, and Nevada. The segment's growth is further bolstered by increasing investments in infrastructure development, including the Infrastructure for Rebuilding America (INFRA) program, which is distributing USD 7.25 billion for FY 2022-2026 across all states for multimodal freight and highway projects. Additionally, the rising demand for sustainable construction practices and energy-efficient buildings has increased the adoption of advanced construction sealants in the construction sector.
Remaining Segments in End User Industry
The healthcare segment represents a significant portion of the market, driven by the increasing demand for medical device assembly and equipment manufacturing. The automotive sector continues to be an important end-user, particularly with the growing electric vehicle production and the need for specialized automotive sealants in battery components and assembly. The aerospace industry, though smaller in market share, maintains steady demand for high-performance sealants in aircraft manufacturing and maintenance operations. Other industries, including electronics, packaging, and general industrial applications, collectively form a substantial portion of the market, each contributing to the diverse application landscape of industrial sealants in the United States.
Segment Analysis: Resin
Silicone Segment in US Sealants Market
The silicone sealants segment dominates the US sealants market, commanding approximately 43% of the market share in 2024, while also maintaining the highest growth trajectory in the industry. This segment's prominence is primarily driven by its extensive applications across multiple industries, particularly in building construction and automotive sectors. Silicone sealants have gained significant traction due to their superior properties, including excellent temperature and weather resistance, making them especially valuable for exterior applications. The segment's growth is further bolstered by increasing demand in the electric vehicle sector, where silicone sealants are crucial for electronic component assembly. Their compatibility with both porous and non-porous surfaces, including substrates such as glass, ceramic, plastic, composites, metals, alloys, and wood, has made them indispensable in various industrial applications.
Remaining Segments in Resin
The US sealants market encompasses several other significant resin segments, including polyurethane sealants, acrylic sealants, epoxy sealants, and other specialized resins. Polyurethane sealants have established a strong presence in the construction industry due to their excellent water resistance and fast-drying properties. Acrylic sealants have gained popularity in both construction and automotive applications owing to their quick curing times and low VOC emissions. Epoxy sealants have found their niche in electrical and electronic component assembly, particularly in the automotive sector. Other specialized resins, including rubber-based sealants, polyesters, and polysulfides, continue to serve specific industrial applications where unique properties such as chemical resistance or flexibility are required.
Competitive Landscape
Top Companies in United States Sealants Market
The US sealants market is characterized by continuous product innovation and strategic expansion initiatives by leading players. Companies are focusing on developing eco-friendly and low-VOC content sealants to meet evolving environmental regulations and customer preferences. Operational agility has become crucial, with manufacturers investing in research and development to create unique solutions for specific industry applications, particularly in construction sealants and automotive sectors. Strategic moves include strengthening local distribution networks, establishing manufacturing facilities in key regions, and forming partnerships with regional players. Companies are expanding their product portfolios through acquisitions of local manufacturers and investing in advanced manufacturing technologies to improve production efficiency. The emphasis on technical support and customization services has also emerged as a key differentiator, with companies providing application-specific solutions and after-sales support to maintain a competitive advantage.
Market Structure Shows Mixed Competition Dynamics
The US sealants market exhibits a fragmented structure with a mix of global conglomerates and specialized manufacturers competing for market share. Major multinational companies leverage their extensive research capabilities and broad distribution networks to maintain their positions, while specialized players focus on niche applications and regional markets. The market demonstrates moderate consolidation, with the top five companies accounting for a significant portion of the total market share, while numerous smaller players serve specific regional markets or specialized applications. These smaller players often compete through product specialization and local market knowledge.
The market is witnessing active merger and acquisition activity as companies seek to expand their geographic presence and strengthen their product portfolios. Global players are acquiring local manufacturers to gain immediate access to established distribution networks and customer bases. Vertical integration strategies are being employed by larger companies to secure raw material supply and optimize costs. The industry also sees strategic partnerships between manufacturers and distributors to enhance market reach and improve service delivery to end-users.
Innovation and Sustainability Drive Future Success
For incumbent companies to maintain and increase their market share, developing innovative products that address specific industry challenges while meeting sustainability requirements has become essential. Companies are investing in research and development to create advanced formulations that offer improved performance characteristics. Building strong relationships with key end-users, particularly in the construction sealants and automotive sealants sectors, through customized solutions and technical support services is crucial. Establishing efficient supply chain networks and maintaining price competitiveness while ensuring product quality are also critical success factors.
New entrants and smaller players can gain ground by focusing on specialized market segments and developing unique product offerings that address specific application needs. Success in the market increasingly depends on the ability to navigate regulatory requirements, particularly regarding environmental standards and VOC emissions. Companies must also invest in building strong distribution networks and technical service capabilities to effectively compete with established players. The development of sustainable products and the ability to adapt to changing end-user requirements will be crucial for long-term success in the market. Additionally, companies need to maintain operational flexibility to respond to market dynamics and evolving customer preferences.
United States Sealants Industry Leaders
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3M
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H.B. Fuller Company
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Henkel AG & Co. KGaA
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RPM International Inc.
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Sika AG
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- July 2021: RPM International Inc. procured a 178,000-square-foot chemical manufacturing facility in Texas to act as a manufacturing campus, owned and operated by RPM’s Tremco Construction Products Group, to meet customer demand and strengthen its supply chain.
- April 2021: Sika AG signed an agreement to acquire The Yokohama Rubber Co. Ltd's adhesives division, Hamatite, based in Japan. Hamatite offers polyurethanes, hot melts, and modified silicones technology adhesives and sealants for the automotive and construction industries.
- January 2020: H.B. Fuller Company introduced a new range of Gorilla professional-grade adhesives and sealants for MRO industrial applications.
United States Sealants Market Report Scope
Aerospace, Automotive, Building and Construction, Healthcare are covered as segments by End User Industry. Acrylic, Epoxy, Polyurethane, Silicone are covered as segments by Resin.
End User Industry
| Aerospace |
| Automotive |
| Building and Construction |
| Healthcare |
| Other End-user Industries |
Resin
| Acrylic |
| Epoxy |
| Polyurethane |
| Silicone |
| Other Resins |
| End User Industry | Aerospace |
| Automotive | |
| Building and Construction | |
| Healthcare | |
| Other End-user Industries | |
| Resin | Acrylic |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resins |
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Market Definition
- End-user Industry - Building & Construction, Automotive, Aerospace, Healthcare, and Others are the end-user industries considered under the sealants market.
- Product - All sealant products are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Silicone, and Others are considered
- Technology - For the purpose of this study, One component and Two component sealant technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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