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Sealants - Global Strategic Business Report

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    Report

  • 878 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 2564205
The global market for Sealants is estimated at US$12.1 Billion in 2023 and is projected to reach US$16.8 Billion by 2030, growing at a CAGR of 4.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

A mature sector now, the sealants industry currently is banking on technology innovations and new product developments as key competitive differentiating factors, which makes the industry rife with technology collaborations, partnerships, and alliances as players compete to sharpen their technology prowess both in terms of manufacturing processes, production and marketing. The growth in the sealants market is driven by several factors, including technological advancements, increasing construction activities, and rising demand for energy-efficient buildings. Innovations in sealant formulations, such as the development of low-VOC (volatile organic compounds) and eco-friendly products, have catered to the growing consumer preference for sustainable and environmentally friendly materials. The surge in infrastructure development and urbanization, particularly in emerging economies, has led to heightened demand for sealants in residential, commercial, and industrial construction. Moreover, the automotive industry`s shift towards electric vehicles, which require specialized sealants to ensure battery safety and performance, has significantly contributed to market expansion. The aerospace sector`s stringent safety standards and the need for lightweight, high-performance materials have also spurred the adoption of advanced sealants. As industries continue to evolve and prioritize sustainability, performance, and safety, the demand for innovative sealant solutions is expected to rise, driving sustained growth in the market.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Silicone Sealants segment, which is expected to reach US$6.5 Billion by 2030 with a CAGR of a 5.5%. The Polyurethane Sealants segment is also set to grow at 4.9% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $2.7 Billion in 2023, and China, forecasted to grow at an impressive 6.7% CAGR to reach $3.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Sealants Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Sealants Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Sealants Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as 3M, Alfa International, AVERY DENNISON CORPORATION, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 251 Featured):

  • 3M
  • Alfa International
  • AVERY DENNISON CORPORATION
  • BASF SE
  • BENSON POLYMERS
  • Bostik
  • Carlisle Companies Inc.
  • Dow Chemicals
  • FRANKLIN INTERNATIONAL
  • H.B. Fuller Company
  • Henkel Ag & Co. KGaA
  • Illinois Tool Works Inc.
  • ITW Polymers Sealants
  • Mapei
  • PARAMELT B.V
  • RPM International Inc.
  • Sika AG
  • Solvay
  • Wacker Chemie AG
  • YOKOHAMA INDUSTRIES

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Global Economic Update
  • Sustainability Now One of the Top Priorities for Adhesive & Sealants Producers
  • Competitive Landscape
  • Sealants - Global Key Competitors Percentage Market Share in 2024 (E)
  • Balancing Demand-Supply Equation
  • Surgical Sealants Competitive Scenario
  • Medical Adhesives - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • A Prelude to Sealants Industry
  • Long-Term Prospects Remain Optimistic for the World Sealants Industry
  • Analysis by Segment Type
  • World Sealants Market by Type (2023 & 2030): Percentage Breakdown of Value Sales for Silicone, Polyurethane, Acrylic, Latex, Polysulfide, and Other Types
  • Rising Demand from End-Use Industries Primes Sealants Market for Lucrative Growth
  • World Sealants Market by End-Use (2023 & 2030): Percentage Breakdown of Value Sales for Automotive, Building & Construction, Packaging, Electronics, Healthcare, and Other End-Uses
  • Developed Regions Key Sales Generators, Developing Regions to Drive Future Growth
  • Outsourced Manufacturing Boosts Demand for Sealants in Developing Countries
  • World Sealants Market by Region (2023 & 2030): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Sealants Market - Geographic Regions Ranked by CAGR (Sales) for 2022-2030: USA, Canada, Europe, China, Asia-Pacific, Middle East, Latin America, Japan and Africa
  • Sealants - A Brief Product Overview
  • Classification based on Chemical Constitution
  • Other Sealant Types
  • Select End-Use Applications of Sealants
  • Recent Market Activity
  • Select Global Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Building & Construction Sealant Market to Drive Long Term Growth
  • Market Fortunes Intrinsically Tied to the Global Construction Industry
  • Recovery in Global Construction Sector to Post Gains in Long Term
  • Trends in the Construction Industry Influence Market Uptake
  • Rising Investments in Infrastructure Projects Strengthens Market Prospects
  • Global Infrastructure Spending (in US$ Trillion) by Region/Country Over the Period 2010-2030
  • Global Infrastructure Spending Estimates (in US$ Trillion) by Sector Over the Period 2013-2030
  • Focus on Green Construction Techniques to Boost Market Demand
  • Trend Towards Green Construction Fuels Emergence of Sustainable Sealant Solutions
  • Anticipated Strong Construction Activity in Developing Countries to Spur Growth for Polyurethane Sealants
  • Bituminous Sealants and Caulks: A Popular Choice in Infrastructure Renovation
  • Sealants find Growing Application for Structural Glazing
  • Adhesive and Sealants Aid EU Construction Sector to Lower Carbon Footprint
  • Recovery of Automotive Industry Activates Fresh Growth Opportunities for Sealants Market
  • Comparison of Various Automotive Sealant Solutions
  • Outlook for 2024 Remains Positive
  • Growing Focus on Light Weight Models Drive Strong Business Case for Sealants
  • Lightweighting Trend in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016, 2019 and 2023
  • Sealants Gaining Increased Acceptance in Medical Applications
  • Surgical Sealants Market
  • Select Sealant Materials & their Applications in Surgical Applications
  • Hemostats Tissue Sealants Set For Impressive Growth
  • Potential Market for Surgical Adhesives and Sealants (2023): Percentage Share Breakdown of Global Surgical Procedure Volume by Type
  • Dental Sealants Market Increasing with Dental Health Awareness
  • Aerospace - A Potential Market for Sealants
  • Global Commercial Aircraft Fleet Size (in Units) by Geographic Region for the Years 2019 & 2039
  • Expanding Alternative Energy Market Bodes Well for Sealants Demand
  • Global Energy Generation Mix (in %) for 2018 and 2050
  • Novel Sealant Solutions Need of the Hour in Flexible Packaging Industry
  • Industrial Sealants Beneficial for Various Industrial Applications
  • Silicone Sealants - The Major Sealant Technology
  • Need for Innovative Products and Growth of Construction Industry Bode Well for Silicon Sealants Market
  • Recent Sealant Developments: A Review
  • Hybrid Sealants Gain Prominence
  • Select Product Innovations: Spearheading Growth
  • Eco-Friendly Sealants Rise in Popularity
  • Low VOC Sealants Gain High Acceptance
  • Key Challenges
  • Raw Material Availability and Pricing - Crucial for Sealant Manufacturing
  • Environmental Concerns
  • Sealant’s Inability to Contain Extreme Temperatures
  • Stringent Regulations Pertaining to VOC Emissions
  • Regulatory Concerns for Medical Sealants
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Sealants Market Analysis of Annual Sales in US$ Thousand for Years 2014 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Sealants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Sealants by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 4: World 16-Year Perspective for Sealants by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Silicone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Silicone by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 7: World 16-Year Perspective for Silicone by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Polyurethane by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Polyurethane by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 10: World 16-Year Perspective for Polyurethane by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Acrylic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Acrylic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 13: World 16-Year Perspective for Acrylic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Latex by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Latex by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 16: World 16-Year Perspective for Latex by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Polysulfide by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Polysulfide by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 19: World 16-Year Perspective for Polysulfide by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 22: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 25: World 16-Year Perspective for Automotive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 28: World 16-Year Perspective for Building & Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 31: World 16-Year Perspective for Packaging by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 32: World Recent Past, Current & Future Analysis for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 33: World Historic Review for Electronics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 34: World 16-Year Perspective for Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 35: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 36: World Historic Review for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 37: World 16-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 38: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 39: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2014 through 2022 and % CAGR
  • Table 40: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Sealants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Sealants Market - A Review
  • Average Cost Structure for Sealants (2022E): Percentage Breakdown of Cost of Production by Cost Item
  • COVID-19-led Construction Slowdown Temporarily Restrains Sealants Market
  • Projected Growth (%) of the US Construction Market over the Period 2016-2024 by Sector
  • US Construction Spending in US$ Billion: Jan 2012 - Jan 2022
  • Turnaround in Construction Sector Bodes Well for the Silicone Sealant Market
  • Housing Projects Scenario
  • Key Indicators for US Residential Construction Market
  • NAHB/Wells Fargo Housing Market Index: April 2011 - April 2022
  • New Privately-Owned Housing Units (in ‘000) Authorized in Permit-Issuing Places, and Completed (June 2020 to March 2022)
  • Long Term Growth in Automobile Production to Drive Demand for Sealants
  • Growth in Medical Devices Manufacturing Sector to Support Long-term Growth Post COVID-19 Impact
  • Rise in Elderly Population Indicate More Room for Growth
  • US Elderly Population: Expected Growth Rates Over the Years 2005-2025
  • Growth in Cosmetic Surgeries to Drive Opportunities
  • Top Cosmetic Surgical Procedures in the US: 2019
  • Market Participants Focus on Superior Grade Surgical Sealants
  • Market Share of Leading Players in US Surgical Sealants Market: 2021
CANADA
  • Sealants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2023 (E)
JAPAN
  • Sealants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Sealants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • Sealants Consumption to Increase Rapidly
  • Automotive & Construction Sectors to Drive Sealants Market Post COVID-19 Recovery
EUROPE
  • Sealants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • Automotive Sealants to Grow in Demand Post COVID-19
  • Sealant Manufacturers - In Line with Environmental Regulations
  • Surgical Sealants Market - Brief Overview
FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Sealants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Asia-Pacific Exhibits High Growth in the Sealants Market
  • Huge Automotive Production Activity to Strengthen the Automotive Sealants Market
INDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Sealants Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
AFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 3M
  • Alfa International
  • AVERY DENNISON CORPORATION
  • BASF SE
  • BENSON POLYMERS
  • Bostik
  • Carlisle Companies Inc.
  • Dow Chemicals
  • FRANKLIN INTERNATIONAL
  • H.B. Fuller Company
  • Henkel Ag & Co. KGaA
  • Illinois Tool Works Inc.
  • ITW Polymers Sealants
  • Mapei
  • PARAMELT B.V
  • RPM International Inc.
  • Sika AG
  • Solvay
  • Wacker Chemie AG
  • YOKOHAMA INDUSTRIES

Table Information