Sealants Market Size, Share, Growth & Industry Trends [2031]
Sealants Market Size, Share, Growth & Industry Trends [2031]
Segments - Sealants Market by Products (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Others), End-user Industries (Building and Construction, Transportation, Healthcare, Electrical and Electronics, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East and Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
Upcoming
| Report ID :MC-1173
| 4.2 Rating
| 81 Reviews
| 145 Pages
| Format :
Report Description
Sealants Market Outlook 2031:
The global sealants market size was valued at USD 10.58 Billion in 2022 and is projected to reach USD 18.34 Billion by 2031, expanding at a CAGR of 6.3% during the forecast period 2023 - 2031. The growth of the market is attributed to the rising demand for dental and surgical sealants.
Sealants are primarily used in mobile phones, hard disc drives, and laptops. The primary role of the sealant is to make sure that no foreign particles get between the two surfaces that have been fixed in place by the adhesives. Adhesives have widespread use in manufacturing products such as camera lenses, PCB, and connectors. Silicones and urethane are the most commonly used sealants.
Sealants Market Drivers, Restraints, Trends, and Opportunities
- Rapid urbanization and industrialization has increased the construction in emerging economies, which is expected to propel the market growth.
- Rising investment of government state bodies in the healthcare infrastructure is anticipated to spur the growth of the market.
- Volatility in the price of raw materials can hinder the growth of the market.
- Growing demand for automatic valves is speculated to create lucrative opportunities for industry players in the projected timeline.
Scope of Sealants Market Report
The report on the global sealants market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Sealants Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2022 |
|
Historic Data |
2016–2021 |
|
Forecast Period |
2023–2031 |
|
Segmentation |
Products (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Other Product Types), End-user Industries (Building and Construction, Transportation, Healthcare, Electrical and Electronics, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Henkel Ag & Co. KGaA, H.B. Fuller Company, ITW Polymers Sealants North America, 3M, and Sika AG |
Global Sealants Market Segment Insights
Polyurethane segment to account significant market share
Based on products, the market is divided into silicone, polyurethane, acrylic, polyvinyl acetate, and others. The polyurethane segment is projected to account for a significant market share during the forecast period. The segment growth is attributed to the solidity, low viscosity, and less cure time offered by silicon-based sealants. These features are driving this type of sealant penetration in footwear, packaging laminations, bonding fiberglass, and automotive windshield bonding.
Building and construction segment to exhibit a high CAGR
Based on end-user industries, the market is classified as building and construction, transportation, healthcare, electrical and electronics, and others. The building and construction segment is projected to exhibit a high CAGR during the forecast period.
Sealants confers good cohesion, adhesion, elasticity, high cohesive strength, flexibility, resistance to thermal expansion, environmental resistance to UV light, corrosion, salt water, rain, and other weathering conditions, which have increased their demand in the building and construction industry. They are primarily used to seal the joints and gaps between substrates, and hence they are critical components of the construction industry. The most important purpose of sealants is to prevent air, water, and other elements from exiting or entering the structure.
The speed of growth of the global construction industry stabilized in the recent times. However, it is expected to increase during the coming years, in regions, such as Middle East & Africa and Asia Pacific. These factors are expected to increase the demand for sealants in the construction sector during the forecast period.
Asia Pacific to dominate the market
Based on regions, the market is segregated into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the sealants market during the forecast period. The market growth is attributed to rising industrial production in the automotive, electrical & electronics, and manufacturing sectors.
The construction sector in China is expected to grow by 5.9% during the forecast period. China was negatively impacted by the ongoing trade disputes with the US. Local authorities resorted to increasing public investment in the infrastructure sector.
Segments
The global sealants market has been segmented on the basis of:
Types
- Silicone
- Polyurethane
- Acrylic
- Polyvinyl Acetate
- Others
End-user Industries
- Building and Construction
- Transportation
- Healthcare
- Electrical and Electronics
- Others
Regions
- Asia Pacific
- North America
- Europe
- Latin America
- Middle-East and Africa
Key players
- Henkel Ag & Co. KGaA
- H.B. Fuller Company
- ITW Polymers Sealants North America
- 3M
- Sika AG
Competitive Landscape
Some of these major players include Henkel Ag & Co. KGaA, H.B. Fuller Company, ITW Polymers Sealants North America, 3M, and Sika AG, among others.
Major industry players are engaging in partnerships, collaborations, and acquisitions to expand their market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Sealants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sealants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sealants Market - Supply Chain
4.5. Global Sealants Market Forecast
4.5.1. Sealants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sealants Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Sealants Market Absolute $ Opportunity
5. Global Sealants Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Sealants Market Size and Volume Forecast by Types
5.3.1. Silicone Polyurethane Acrylic Polyvinyl Acetate Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Sealants Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Sealants Market Size and Volume Forecast by End Users
6.3.1. Building and Construction Transportation Healthcare Electrical and Electronics Others
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Sealants Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Sealants Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Sealants Demand Share Forecast, 2019-2026
8. North America Sealants Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Sealants Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Sealants Market Size and Volume Forecast by Types
8.4.1. Silicone Polyurethane Acrylic Polyvinyl Acetate Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Sealants Market Size and Volume Forecast by End Users
8.7.1. Building and Construction Transportation Healthcare Electrical and Electronics Others
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Sealants Demand Share Forecast, 2019-2026
9. Latin America Sealants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Sealants Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Sealants Market Size and Volume Forecast by Types
9.4.1. Silicone Polyurethane Acrylic Polyvinyl Acetate Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Sealants Market Size and Volume Forecast by End Users
9.7.1. Building and Construction Transportation Healthcare Electrical and Electronics Others
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Sealants Demand Share Forecast, 2019-2026
10. Europe Sealants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Sealants Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Sealants Market Size and Volume Forecast by Types
10.4.1. Silicone Polyurethane Acrylic Polyvinyl Acetate Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Sealants Market Size and Volume Forecast by End Users
10.7.1. Building and Construction Transportation Healthcare Electrical and Electronics Others
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Sealants Demand Share Forecast, 2019-2026
11. Asia Pacific Sealants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Sealants Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Sealants Market Size and Volume Forecast by Types
11.4.1. Silicone Polyurethane Acrylic Polyvinyl Acetate Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Sealants Market Size and Volume Forecast by End Users
11.7.1. Building and Construction Transportation Healthcare Electrical and Electronics Others
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Sealants Demand Share Forecast, 2019-2026
12. Middle East & Africa Sealants Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Sealants Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Sealants Market Size and Volume Forecast by Types
12.4.1. Silicone Polyurethane Acrylic Polyvinyl Acetate Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Sealants Market Size and Volume Forecast by End Users
12.7.1. Building and Construction Transportation Healthcare Electrical and Electronics Others
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Sealants Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Sealants Market: Market Share Analysis
13.2. Sealants Distributors and Customers
13.3. Sealants Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Henkel Ag & Co. KGaA
13.4.2. H.B. Fuller Company
13.4.3. ITW Polymers Sealants North America
13.4.4. 3M
13.4.5. Sika AG
Methodology
Related Reports
Some other reports from this category!
Our Clients
