Construction Sealants Market by Resin Type (Silicone, Polyurethane, Polysulfide), Application (Glazing, Flooring & Joining, Sanitary & Kitchen), and Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa) - Global Forecast to 2028
Construction Sealants Market
The global construction sealants market is projected to grow from USD 4.7 billion in 2023 to USD 5.7 billion by 2028, at a cagr 3.6% between 2023 and 2028. The increasing demand from commercial offices and residential housing, along with rising infrastructure output from key sub-sectors, such as rail, energy, roads, and water and sewerage, is boosting the demand for construction sealants.
Attractive Opportunities in the Construction Sealants Market
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Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis
Construction Sealants Market Dynamics
Drivers: Increased demand for construction sealants in residential housing and infrastructure sectors
The key application areas of construction sealants include flooring & joining, glazing, and sanitary & kitchen, among others. These applications are growing, which has subsequently increased the growth of the construction sealants market. The increasing penetration of sealants in new construction applications, such as anchoring application, ductwork, and structural glazing, is driving the construction sealants market. The major applications of construction sealants are in sanitary & kitchen, window framing, floor systems, expansion joints, walls, and panels. Under changing atmospheric conditions, construction sealants prevent cracking and provide stress-bearing capability. Increase in investments in construction activities, such as bridges, airports, metro stations, and dams are also increasing the demand for sealants for flooring, panels, expansion joints, and other applications.
Restraints: Environmental regulations in North American and European countries
Due to the increase in regulatory policies and environmental concerns, various countries are using eco-friendly products in many applications. Global construction sealants manufacturers are focusing on ensuring safety and avoiding health issues related to VOC emissions from chemical products. This is affecting the production capacities of manufacturers in North American and European regions. North America and Europe are strictly regulated by environmental laws related to the production of petro-based and chemical products. Agencies such as the the EC, Epoxy Resin Committee (ERC), and other regulatory bodies govern the manufacture of solvent-based products in North America and Europe. These regulations are restraining the growth of the construction sealants market.
Opportunities: Growing demand for low VOC, green, and sustainable sealants
Owing to a rising trend in various applications to use environment-friendly or green products, the demand for green sealants or those with low VOCs is increasing. Stringent regulations implemented by the US Environmental Protection Agency (EPA), Europe’s Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory authorities have forced the manufacturers to make environment-friendly sealants with low VOC levels. Shifting toward a more sustainable product portfolio has provided the industry with a significant growth opportunity. There is a growing trend in the construction market to use environment-friendly or green buildings; therefore, there is high growth potential for the development of green and more sustainable sealant solutions.
Challenges: Shifting rules and changing standards
Regulations regarding the use of construction sealants are undergoing many changes, that pose challenges to the construction sealants manufacturers. For instance, the changes in rules and standards imposed by the Construction Products Regulation (CPR) are a cause of concern for construction sealants manufacturers, as they determine the minimum or maximum performance levels of the construction products. The construction sealants products that are currently available in the market are not very technologically advanced, and the new products would require labeling and paperwork to demonstrate compliance and additional external test costs.
Construction Sealants Market Ecosystem
Silicone resin type accounted for the largest share of the construction sealants market.
Globally, the construction industry is experiencing substantial growth, driven by infrastructure development, urbanization, and increasing construction projects. As construction activities expand, the demand for reliable, high-performance sealants like silicone sealants increases. Asia Pacific is the largest consumer of silicone construction sealants for bathroom and kitchen applications. Silicone sealants are waterproof and provide excellent durability, flexibility, and long-lasting bond around non-porous surfaces.
Glazing is the fastest-growing application of the construction sealants market.
Glazing is the fastest-growing application segment of the construction sealants market. Construction sealants are extensively used in glazing applications to seal joints, gaps, and interfaces between glass panels, frames, and other building components. Sealants used in glazing applications provide weatherproofing, air and water leakage prevention, thermal insulation, and structural support. Glazing sealants are available in various forms, including silicone, polyurethane, and hybrid formulations, each offering different properties, such as flexibility, adhesion strength, UV resistance, and weatherability.
Residential is the largest end-use industry of the construction sealants market.
The residential construction industry is growing rapidly, particularly in emerging countries in the Middle East & Africa and Asia Pacific. This growth is attributed to good economic growth and higher income levels. Homeownership has seen rapid growth in the past few years, and the market is projected to grow over the next decade. Increasing urbanization and housing facilities have surged the demand for construction sealants in the new construction segment.
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Asia Pacific is the fastest-growing construction sealants market.
Asia Pacific has emerged as one of the leading producers as well as consumers of construction sealants. There is high demand for construction sealants in the emerging markets of Asia Pacific due to the significant growth of the construction industry. New construction activities, repainting, and growing investment in emerging markets are the key factors providing market players with growth opportunities. The North American and European manufacturers are exposed to tough competition from the Asia Pacific market, as the cost is an important factor for customers, and the local manufacturers in the Asia Pacific are successfully providing similar construction sealants at lower costs.
Construction Sealants Market Players
3M (US), Arkema (France), Sika AG (Switzerland), Henkel AG & Co. KGaA (Germany), and H.B. Fuller (US) are the key players in the global construction sealants market.
Construction Sealants Market Report Scope
|
Report Metric |
Details |
|
Market Size Value in 2023 |
USD 4.7 billion |
|
Revenue Forecast in 2028 |
USD 5.7 billion |
|
CAGR |
3.6% |
|
Years Considered for the study |
2020-2028 |
|
Base year |
2022 |
|
Forecast period |
2023–2028 |
|
Units considered |
Value (USD) |
|
Segments |
By Resin Type |
|
Regions covered |
Asia Pacific, Europe, North America, Middle East & Africa, South America |
|
Companies profiled |
3M (US), Arkema (France), Sika AG (Switzerland), Henkel AG & Co. KGaA (Germany), and H.B. Fuller (US). A total of 25 players have been covered. |
This research report categorizes the construction sealants market based on Resin Type, Application, End-use Industry, and Region.
By Resin Type:
- Silicone
- Polyurethane
- Polysulfide
- Others
By Application:
- Glazing
- Flooring & Joining
- Sanitary & Kitchen
- Others
By End-use Industry
- Residential
- Commercial
- Industrial
- Infrastructural
By Region:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Recent Developments
- In June 2023, Sika is opening a new plant in Kharagpur, eastern India, and continues to expand production capacity in the fast-growing Indian market. The plant will manufacture mortar products, concrete admixtures, and shotcrete accelerators for customers in the West Bengal region, which has more than 100 million inhabitants.
- In May 2023, Henkel officially opened its Technology Center in Bridgewater, New Jersey. Occupying 70,000 square ft., the center provides a unique and interactive destination for the company's strategic partners and customers. The facility showcases Henkel's entire technology portfolio of adhesives, sealants, functional coatings, and specialty materials and supports an environment for collaboration with customers from over 800 industry segments to develop innovative solutions.
- In March 2022, Bostik concluded a distribution agreement with DGE for Europe, the Middle East, and Africa. The agreement, valid as of January 2022, includes Born2Bond engineering adhesives designed for ‘by-the-dot’ bonding applications in selected industries, such as electronics, luxury packaging, automotive, medical devices, and MRO; as well as Bostik’s Industrial Adhesives & Sealants used in the manufacture and assembly of components across a diverse range of industrial sectors.
Frequently Asked Questions (FAQ):
What is the current size of the global construction sealants market?
Construction sealants market is projected to grow from USD 4.7 billion in 2023 and is projected to reach USD 5.7 billion by 2028, at a CAGR of 3.6%, between 2023 and 2028 period.
Which segment has the potential to register the highest market share for the construction sealants market?
Glazing is the largest application segment, in terms of both value and volume, in 2022.
Who are the major manufacturers?
3M (US), Arkema (France), Sika AG (Switzerland), Henkel AG & Co. KGaA (Germany), and H.B. Fuller (US) are some of the leading players operating in the global construction sealants market.
What are the reasons behind construction sealants gaining market share?
Construction sealants are gaining market share due to the increasing demand from commercial offices and residential housing, along with rising infrastructure output from key sub-sectors, such as rail, roads, energy, and water and sewerage, which will drive the market for construction sealants.
Which is the fastest-growing region in the market?
Asia Pacific is projected to be the fastest-growing market for construction sealants market during the forecast period. .
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This research study involves the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg L.P., Factiva, ICIS, and OneSource, to identify and collect information useful for this technical, market-oriented, and commercial study of the global construction sealants market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the value chain of this industry. In-depth interviews were conducted with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as assess the growth prospects of the market.
Secondary Research
In the secondary research process, various secondary sources were referred to for identifying and collecting information for this study. These secondary sources include annual reports, press releases & investor presentations of companies, white papers, regulatory bodies, trade directories, certified publications, articles from recognized authors, gold and silver standard websites, and databases.
Secondary research has been used to obtain key information about the value chain of the industry, the total pool of key players, market classification & segmentation according to industry trends to the bottom-most level and regional markets. It has also been used to obtain information about key developments from a market-oriented perspective.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain and verify qualitative and quantitative information for this report as well as analyze prospects. Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology and innovation directors, and related executives from various leading companies and organizations operating in the construction sealants market. Primary sources from the demand side include experts and key persons from the application segment. Extensive primary research has been conducted after understanding and analyzing the current scenario of the construction sealants market through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across five major regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Following is the breakdown of primary respondents:
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Market Size Estimation
The top-down and bottom-up approaches have been used to estimate and validate the construction sealants market size and other dependent submarkets. The leading players in the market have been identified through secondary research, and their market shares in the key regions have been determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of the top players and extensive interviews with industry experts, such as chief executive officers, vice presidents, directors, and marketing executives, for key insights.
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters affecting the markets covered in this study were accounted for, viewed in detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The three figures below represent the overall market size estimation process throughout the study.
Global Construction Sealants Market Size: Bottom-up Approach
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Global Construction Sealants Market Size: Top-down Approach
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the total market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been used wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has been validated using both the top-down and bottom-up approaches.
Market Definition.
Sealants are thick, high-viscosity materials, providing tightness and long-term flexibility, and are typically used to seal gaps and block the passage of air, chemicals, and water in the substrates. They are largely used in the construction industry for filling gaps between substrates in various applications, such as flooring, roofing, glazing, sanitary applications, expansion joints, and others. Different types of construction sealants are used according to the performance requirements. Sealants are highly elastic and resilient, weather durable, non-sagging, and watertight, with excellent adhesion to most of the building & construction materials.
Key Stakeholders
- Raw material suppliers
- Construction sealants manufacturers
- Manufacturing technology providers
- Industry associations
- Traders, distributors, and suppliers of construction sealants
- Non-governmental organizations (NGOs), government and regional agencies, and research organizations
Report Objectives
-
To analyze and forecast the market size of global construction sealants in terms of volume
and value - To provide detailed information regarding the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
- To define, describe, and forecast the global construction sealants market on the basis of resin type, application, and region
- To analyze and forecast the market on the basis of five major regions – Asia Pacific, Europe, North America, South America, and the Middle East & Africa (MEA)
- To analyze the market opportunities for stakeholders and present a competitive landscape for the market leaders
- To strategically profile the key market players and comprehensively analyze their core competencies1
Note: 1. The core competencies of the companies are determined in terms of their key developments and strategies adopted to sustain their position in the market.
Available Customizations
MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.
The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the construction sealants market by country
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Growth opportunities and latent adjacency in Construction Sealants Market