The building envelope adhesives & sealants market is projected to grow from USD 4.8 Billion in 2021 to USD 5.9 Billion by 2026, at a CAGR of 4.3% between 2021 and 2026. The driving factor for the building envelope adhesives & sealants market is the increased demand for construction adhesives & sealants in residential housing and infrastructure sectors.
The major companies in this market are Sika AG (Switzerland), Henkel AG (Germany), Arkema S.A. (France), Mapei S.p.A. (Italy), The 3M Company (US), ICP Group (US), H.B. Fuller Company (US), The Dow Chemical Company (US), tremco illbruck GmbH (Germany), and Soudal Group (Belgium). The wide product portfolio enables them to serve most of the regions worldwide. These players primarily focus on strategies like merger & acquisition, and new product launch through their strong financial capabilities and well-established brand equity.
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Sika is a major specialty chemical player in the construction and automotive industries. Bonding, sealing, damping, strengthening, and shielding systems and products are designed and manufactured by the company. The company has subsidiaries in 100 countries around the world and manufactures in over 300 factories. It has a strong customer base and has business operations in Europe, North America, APAC, South America, Africa, and the Middle East. In March 2020, Sika acquired Adeplast SA to strengthen its position in the local construction chemicals market and expand its manufacturing capacity in Romania.
Henkel operates globally with a well-balanced and diversified portfolio. It manufactures and distributes homecare, laundry, cosmetics, and adhesive products, globally. The company operates through four main business segments, namely, adhesive technologies, laundry & home care, beauty care, and corporate. Adhesives & sealants are produced under the adhesive technologies segment. Henkel offers a multitude of applications to cater to the needs of different target groups: consumers, craftsmen, and industrial businesses. Henkel Adhesive Technologies is the global leader in the adhesives, sealants, and functional coatings worldwide. The complete solution is organized into five technology cluster brands—LOCTITE, BONDERITE, TECHNOMELT, TEROSON, and AQUENCE. Henkel has operations in Europe, the Middle East & Africa, North America, Latin America, and APAC. It operates 138 production sites in 58 countries, globally. In April 2018, the company launched Loctite branded construction adhesive, LOCTITE PL premium max, which is ideal for any interior or exterior project, where long-term strength and durability are a must. Its applications include stairs, railings, framing, flooring, landscaping, decks, and tub surrounds.
Building Envelope Adhesives & Sealants Market by Technology, Adhesive Resin (PU, Acrylic, Rubber), Adhesive Application (Roofing, Walls), Sealant Resin (Silicone, PU), Sealant Application (Facade Panel Fixing, Roofing), & Region - Global Forecast to 2026
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