Sealants Market Synopsis

Sealants Market Size Was Valued at USD 12.11 Billion in 2023, and is Projected to Reach USD 20.1 Billion by 2032, Growing at a CAGR of 5.8% From 2024-2032.

Such substances, which form the sealants market, include industries that are majorly involved in the manufacture and supply of sealants substances for blocking or sealing any gaps and joints to contain or prevent leakage of fluids, gases, or other materials. Actually, sealants are used in almost all industries, such as construction industry, automotive industry, aerospace industry, manufacturing industry etc where they are vital for the quality, strength, and heat insulation of the facility or product. The drivers that are pushing this market include technological innovation, the need for efficient energy use within structures, and the growth of the end-applications market. On the basis of material used, sealants are segmented as silicone, polyurethane, acrylics, and polysulfide, all of which have their own characteristics that enable their use in specific fields. The industry is still developing and new solutions are being introduced with objectives of better performance, environmental preservation, and application effectiveness.

• Sealants have risen to be important products in the market and this has been encouraged by the growth of other industries that require one kind of sealant or the other for sealing gaps and joints. Sealants have applied in many sectors including constructions, automobiles, airplane manufacturing industries and any company that deals with manufacturing gears and electronics. Due to its evolvement of the technology and availability of a number of different materials, the market today has moved more to the increased usage of higher performance and more specific type of sealants. Improvements in the product formulation, as the creation of environmentally friendly products that have better durability, are meeting new requirements in industries and consumers.
• In the geographical front it is growing across both the developed and the emerging regions. There are a number of factors that have contributed to the growth of the industry some of which are; Urbanization, construction of more infrastructures and awareness of the need to adopt energy efficient green building. Moreover, the automotive as well as aerospace industries are helping to promote market growth by integrating better sealing technologies for boosting the performance of their products and ensuring safety. Thus, the market for sealants is highly competitive with a great number of market players that go on introducing new solutions to satisfy various needs of the industries.  

Sealants Market Trend Analysis

Increasing demand for sustainable and eco-friendly sealants

• One of the trends that emerge in the present day market is the need for environment-friendly sealants or green sealants. With the topic of the environment becoming increasingly important, both the consume and industries are keen on using products that will not harm the environment. Thus, there are sealants that are made out of recycled or renewable resources or those sealants that emit less volatile organic compound (VOC). They are focusing on innovation in sealants that perform well but at the same time they are conscious of their impact on the environment. This trend as seen is more of a growing trend of sustainability in different fields and industries affecting the design of sealants, its formulation or standards to be met.

Growth in green building and construction practices

• The green building and construction is one of the most important emerging opportunities in the sealants market. With the advancement of the green building movement as well as the provision of sustainable building accreditation, there is awareness of green and energy efficient sealants used in the construction industry. Specialty sealants which provide functions of improving insulation, energy-efficiency, and meeting standards of green building have considerable prospects within the market. Thus, appearances of sealants, which correspond to the criteria for the construction’s ecological friendliness, is a perfect opportunity for companies to expand the market and adapt new products stimulated by regulatory changes and increasing demand for sustainability on construction.

Sealants Market Segment Analysis:

Sealants Market Segmented on the basis of Resin and End User.

By Resin, Acrylic segment is expected to dominate the market during the forecast period

• Out of all the segments analyzed in the sealants market, the Acrylic segment has the potentiality to take the larger market share in the subsequent forefront period as result of its appropriate physical characteristics and coherency across different industries. High demand is enjoyed due to the best adhesion qualities of the acrylic sealant to different surfaces such as wood, metal and concrete and is versatile in construction and industrial uses. Another factor is that the systems are also user-friendly, they set quickly and come relatively inexpensively. Also, new innovations in the types of acrylic materials have improved their strength, freeing them to meet todays construction standards. In consequence, the acrylic segment should emerge as the leader on the market as it evolves with the steadily rising demand for high-quality and effective sealants among industries.

By End User, Aerospace segment expected to held the largest share

• Looking at the various segments of the sealants market, aerospace is anticipated to take the biggest slice of the share on account of its imperative use in the structural integrity, efficiency, and longevity of aircrafts. Aerospace sealants are required for sealing gaps, joints, and parts that must withstand heat, pressure, and shock vibrations typical during flying processes. The use of advanced sealing systems can be seen in the aerospace industry because of the competitive requirements for demanding applications and the correspondent need for high-performance materials. The continuous growth and innovation in aerospace technology, high production of commercial and military aircraft has equally remained as a key driver for the sealants market. The direction of improving either the efficiency, safety, or operational performance of the aircraft also strengthens the aerospace segment position in the marketplace even further.

Sealants Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

• Asia Pacific is predicted to control the sealants market during the forecast period because of different factors that are fueling this market. A growing population, urbanization, industrialization, and infrastructural development especially in China, India, and South-East Asian countries are has boosted the demand of sealants from construction and manufacturing industries. This has especially been emphasized given the current expansion of the region’s real estate Industry as well as the ongoing enhancement of the infrastructure development that requires efficient sealants so as to enhance the durability as well as energy efficiency. Also, increasing automobile and aerospace industries in the Asia Pacific region are creating more market demand for enhanced sealing systems. With the stipulation to revive infrastructure and attaining higher levels of sustainable buildings, Asia Pacific is foreseen to expand in the global sealants market dynamics consequently market opportunities in domestic as well as international aspects drive these organizations.

Active Key Players in the Sealants Market

• 3M Company (USA)
• AkzoNobel N.V. (Netherlands)
• BASF SE (Germany)
• Bostik (France)
• Dow Inc. (USA)
• H.B. Fuller Company (USA)
• Henkel AG & Co. KGaA (Germany)
• Illinois Tool Works Inc. (USA)
• Kraton Polymers (USA)
• Mapei S.p.A. (Italy)
• RPM International Inc. (USA)
• Saint-Gobain (France)
• Sika AG (Switzerland)
• Tremco Incorporated (USA)
• Wacker Chemie AG (Germany), Other key Players

Key Industry Developments in the Sealants Market:

• In May 2022, ITW Performance Polymers has entered into a distribution partnership with PREMA SA in Poland for its Devcon brand.
• In January 2022, H.B. Fuller has announced the acquisition of Apollo Chemicals, a company based in the United Kingdom, in order to increase its presence in the European market.

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Sealants Market by Resin
 4.1 Sealants Market Snapshot and Growth Engine
 4.2 Sealants Market Overview
 4.3 Acrylic
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Acrylic: Geographic Segmentation Analysis
 4.4 Epoxy
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Epoxy: Geographic Segmentation Analysis
 4.5 Polyurethane
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Polyurethane: Geographic Segmentation Analysis
 4.6 Silicone
  4.6.1 Introduction and Market Overview
  4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.6.3 Key Market Trends, Growth Factors and Opportunities
  4.6.4 Silicone: Geographic Segmentation Analysis
 4.7 Other Resins
  4.7.1 Introduction and Market Overview
  4.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.7.3 Key Market Trends, Growth Factors and Opportunities
  4.7.4 Other Resins: Geographic Segmentation Analysis

Chapter 5: Sealants Market by End User
 5.1 Sealants Market Snapshot and Growth Engine
 5.2 Sealants Market Overview
 5.3 Aerospace
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Aerospace: Geographic Segmentation Analysis
 5.4 Automotive
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Automotive: Geographic Segmentation Analysis
 5.5 Building & Construction
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 Building & Construction: Geographic Segmentation Analysis
 5.6 Healthcare
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 Healthcare: Geographic Segmentation Analysis
 5.7 Other End-user Industries
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 Other End-user Industries: Geographic Segmentation Analysis

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Benchmarking
  6.1.2 Sealants Market Share by Manufacturer (2023)
  6.1.3 Industry BCG Matrix
  6.1.4 Heat Map Analysis
  6.1.5 Mergers and Acquisitions
  
 6.2 3M COMPANY (USA)
  6.2.1 Company Overview
  6.2.2 Key Executives
  6.2.3 Company Snapshot
  6.2.4 Role of the Company in the Market
  6.2.5 Sustainability and Social Responsibility
  6.2.6 Operating Business Segments
  6.2.7 Product Portfolio
  6.2.8 Business Performance
  6.2.9 Key Strategic Moves and Recent Developments
  6.2.10 SWOT Analysis
 6.3 AKZONOBEL N.V (NETHERLANDS)
 6.4 BASF SE (GERMANY)
 6.5 BOSTIK (FRANCE)
 6.6 DOW INC (USA)
 6.7 H.B. FULLER COMPANY (USA)
 6.8 HENKEL AG & CO KGAA (GERMANY)
 6.9 ILLINOIS TOOL WORKS INC (USA)
 6.10 KRATON POLYMERS (USA)
 6.11 MAPEI S.P.A (ITALY)
 6.12 RPM INTERNATIONAL INC (USA)
 6.13 SAINT-GOBAIN (FRANCE)
 6.14 SIKA AG (SWITZERLAND)
 6.15 TREMCO INCORPORATED (USA)
 6.16 WACKER CHEMIE AG (GERMANY)
 6.17 OTHER KEY PLAYERS

Chapter 7: Global Sealants Market By Region
 7.1 Overview
 7.2. North America Sealants Market
  7.2.1 Key Market Trends, Growth Factors and Opportunities
  7.2.2 Top Key Companies
  7.2.3 Historic and Forecasted Market Size by Segments
  7.2.4 Historic and Forecasted Market Size By Resin
   7.2.4.1 Acrylic
   7.2.4.2 Epoxy
   7.2.4.3 Polyurethane
   7.2.4.4 Silicone
   7.2.4.5 Other Resins
  7.2.5 Historic and Forecasted Market Size By End User
   7.2.5.1 Aerospace
   7.2.5.2 Automotive
   7.2.5.3 Building & Construction
   7.2.5.4 Healthcare
   7.2.5.5 Other End-user Industries
  7.2.6 Historic and Forecast Market Size by Country
   7.2.6.1 US
   7.2.6.2 Canada
   7.2.6.3 Mexico
 7.3. Eastern Europe Sealants Market
  7.3.1 Key Market Trends, Growth Factors and Opportunities
  7.3.2 Top Key Companies
  7.3.3 Historic and Forecasted Market Size by Segments
  7.3.4 Historic and Forecasted Market Size By Resin
   7.3.4.1 Acrylic
   7.3.4.2 Epoxy
   7.3.4.3 Polyurethane
   7.3.4.4 Silicone
   7.3.4.5 Other Resins
  7.3.5 Historic and Forecasted Market Size By End User
   7.3.5.1 Aerospace
   7.3.5.2 Automotive
   7.3.5.3 Building & Construction
   7.3.5.4 Healthcare
   7.3.5.5 Other End-user Industries
  7.3.6 Historic and Forecast Market Size by Country
   7.3.6.1 Bulgaria
   7.3.6.2 The Czech Republic
   7.3.6.3 Hungary
   7.3.6.4 Poland
   7.3.6.5 Romania
   7.3.6.6 Rest of Eastern Europe
 7.4. Western Europe Sealants Market
  7.4.1 Key Market Trends, Growth Factors and Opportunities
  7.4.2 Top Key Companies
  7.4.3 Historic and Forecasted Market Size by Segments
  7.4.4 Historic and Forecasted Market Size By Resin
   7.4.4.1 Acrylic
   7.4.4.2 Epoxy
   7.4.4.3 Polyurethane
   7.4.4.4 Silicone
   7.4.4.5 Other Resins
  7.4.5 Historic and Forecasted Market Size By End User
   7.4.5.1 Aerospace
   7.4.5.2 Automotive
   7.4.5.3 Building & Construction
   7.4.5.4 Healthcare
   7.4.5.5 Other End-user Industries
  7.4.6 Historic and Forecast Market Size by Country
   7.4.6.1 Germany
   7.4.6.2 UK
   7.4.6.3 France
   7.4.6.4 Netherlands
   7.4.6.5 Italy
   7.4.6.6 Russia
   7.4.6.7 Spain
   7.4.6.8 Rest of Western Europe
 7.5. Asia Pacific Sealants Market
  7.5.1 Key Market Trends, Growth Factors and Opportunities
  7.5.2 Top Key Companies
  7.5.3 Historic and Forecasted Market Size by Segments
  7.5.4 Historic and Forecasted Market Size By Resin
   7.5.4.1 Acrylic
   7.5.4.2 Epoxy
   7.5.4.3 Polyurethane
   7.5.4.4 Silicone
   7.5.4.5 Other Resins
  7.5.5 Historic and Forecasted Market Size By End User
   7.5.5.1 Aerospace
   7.5.5.2 Automotive
   7.5.5.3 Building & Construction
   7.5.5.4 Healthcare
   7.5.5.5 Other End-user Industries
  7.5.6 Historic and Forecast Market Size by Country
   7.5.6.1 China
   7.5.6.2 India
   7.5.6.3 Japan
   7.5.6.4 South Korea
   7.5.6.5 Malaysia
   7.5.6.6 Thailand
   7.5.6.7 Vietnam
   7.5.6.8 The Philippines
   7.5.6.9 Australia
   7.5.6.10 New Zealand
   7.5.6.11 Rest of APAC
 7.6. Middle East & Africa Sealants Market
  7.6.1 Key Market Trends, Growth Factors and Opportunities
  7.6.2 Top Key Companies
  7.6.3 Historic and Forecasted Market Size by Segments
  7.6.4 Historic and Forecasted Market Size By Resin
   7.6.4.1 Acrylic
   7.6.4.2 Epoxy
   7.6.4.3 Polyurethane
   7.6.4.4 Silicone
   7.6.4.5 Other Resins
  7.6.5 Historic and Forecasted Market Size By End User
   7.6.5.1 Aerospace
   7.6.5.2 Automotive
   7.6.5.3 Building & Construction
   7.6.5.4 Healthcare
   7.6.5.5 Other End-user Industries
  7.6.6 Historic and Forecast Market Size by Country
   7.6.6.1 Turkey
   7.6.6.2 Bahrain
   7.6.6.3 Kuwait
   7.6.6.4 Saudi Arabia
   7.6.6.5 Qatar
   7.6.6.6 UAE
   7.6.6.7 Israel
   7.6.6.8 South Africa
 7.7. South America Sealants Market
  7.7.1 Key Market Trends, Growth Factors and Opportunities
  7.7.2 Top Key Companies
  7.7.3 Historic and Forecasted Market Size by Segments
  7.7.4 Historic and Forecasted Market Size By Resin
   7.7.4.1 Acrylic
   7.7.4.2 Epoxy
   7.7.4.3 Polyurethane
   7.7.4.4 Silicone
   7.7.4.5 Other Resins
  7.7.5 Historic and Forecasted Market Size By End User
   7.7.5.1 Aerospace
   7.7.5.2 Automotive
   7.7.5.3 Building & Construction
   7.7.5.4 Healthcare
   7.7.5.5 Other End-user Industries
  7.7.6 Historic and Forecast Market Size by Country
   7.7.6.1 Brazil
   7.7.6.2 Argentina
   7.7.6.3 Rest of SA

Chapter 8 Analyst Viewpoint and Conclusion
8.1 Recommendations and Concluding Analysis
8.2 Potential Market Strategies

Chapter 9 Research Methodology
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research