Europe Sealants Market 2021-2028

MARKET OUTLOOK

The publisher has estimated the European sealants market to develop at a compound annual growth rate of 4.57% in the years 2021-2028. The report has also predicted the market to showcase growth in volume at a CAGR of 3.54% during the same period. France, Italy, Germany, Russia, Spain, the United Kingdom, and Rest of Europe together form the market in the given region.
Germany is considered to host the largest construction industry in the region, experiencing continual investments in quality infrastructural projects. Moreover, the non-residential and commercial building activities are anticipated to observe substantial growth in the upcoming future, owing to the low interest rates, a surge in disposable incomes, and multiple government investments. This growth in the construction sector is likely to enhance the demand for sealants for multiple industry applications, thereby fueling the sealants market's progress.

Furthermore, the office furniture sector in Germany has been experiencing tremendous growth over the years. Here, the rising corporate sector is among the major sectors, increasing the demand for office furniture. Such trends are further anticipated to enhance the furniture industry's production, simultaneously increasing the demand for sealants for woodworking purposes in the near future.

On the other hand, France has attracted several foreign investments due to the large and rising market and government investment support. Moreover, the numerous cities in the country have implemented the construction of modern tramways leading to convenient networks, along with improved circulations. Further, the government is targeting the enhancement of renewable energy infrastructure and affordable housing, which will further increase construction activities. Thus, the growing construction activities are likely to propel the sealants market on a growth path.

COMPETITIVE OUTLOOK

The major companies involved in the sealants market are 3M Company, Henkel Ag & Co KGaA, ITW Performance Polymers, HB Fuller Company, BASF SE, Arkema SA, and Dow Chemical Company.