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France Sealants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2017 - 2028

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  • 158 Pages
  • February 2024
  • Region: France
  • Mordor Intelligence
  • ID: 5717114
The France Sealants Market size is estimated at USD 360.02 million in 2024, and is expected to reach USD 448.33 million by 2028, growing at a CAGR of 5.64% during the forecast period (2024-2028).

Growing construction in residential sector to foster the growth of sealants

  • The French sealants market is driven mainly by the construction industry due to applications of sealants waterproofing, weather-sealing, crack-sealing, and joint-sealing. The construction industry of France surged by 10.5% in 2021 in volume, which increased the demand for sealants. The rapid growth of residential dwellings and maintenance of aged housing are expected to constantly foster the demand for sealants in France over the forecast period.
  • The other end-user industries segment will likely account for the second-largest share in the French sealants market owing to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors and cables, among others. The French electronics market has registered steady growth over the few years, and it is expected to continue, creating demand for sealants over the forecast period. The consumer electronics segment will likely register a CAGR of 1.39% up to 2027. In addition, the rising demand for sealants in the locomotive, marine, and DIY industries for sustainable and energy-efficient applications is expected to boost the market share over the forecast period.
  • Sealants have considerable applications in the healthcare and automotive industries, and France has developed significantly in these sectors over the decades. They are used in healthcare primarily for assembling and sealing medical devices. The automotive sector also exhibits significant application of sealants to various substrates, such as glass, metal, plastic, and painted surfaces, and is mainly used in engines and car gaskets. These factors are expected to augment the demand for sealants in France over the forecast period.

France Sealants Market Trends

Hosting the 2024 Olympics is likely to boost the construction sector in the country

  • France has the second-largest construction industry in the European region. The construction index in the country witnessed slow growth, with a gradual increase in the industry turnover index over the past few years. The construction industry in the country recently gained momentum after eight long years of decline.
  • In 2020, the construction sector witnessed a huge decline, with the total construction output and new orders declining considerably. The growth of the French construction industry fell by over -12% due to the severe impact of the COVID-19 pandemic.
  • The total construction production in France declined by 0.2% in Q4 2021 compared to Q4 2020 and by 1.2% compared to the previous quarter in the same year. In December 2021, the country’s production from the construction industry declined by 2.6% compared to the same month in the previous year and declined by 7% compared to November 2021, decreasing the demand for the market.
  • However, the total construction production in France increased by 0.9% in Q1 2022 compared to Q1 2021 and by 2.6% compared to the previous quarter of the same year. In April 2022, the country’s production from the construction industry increased by 1.5% compared to the same month in the previous year and increased by 1.2% compared to March 2022. The recovery of the residential construction sector from the pandemic and the upcoming 2024 Olympics are estimated to drive the market during the forecast period.
  • Therefore, all the abovementioned factors are expected to impact the market studied.

In addition to net-zero vehicle emissions by 2035, electric vehicle registrations growth is likely to propel the automotive production

  • The automotive industry in France has fared much better compared to other major European economies. Automotive vehicle production experienced continuous growth till 2018 and further exhibited a decline of 8.3% in 2019, as the automotive market was negatively affected by the COVID-19 pandemic.
  • In 2020, the country produced 1,316,371 cars and light commercial vehicles compared to 2,175,350 vehicles produced during 2019, recording a decline of 39.5%, as production came to a halt in 2020 due to the COVID-19 pandemic. The pandemic forced the temporary shutdown of manufacturing units across different parts of the country. Limited raw material supply added to the challenges faced by the automobile sector.​
  • The automotive market remained flat in 2021 as the shortage of semiconductors impacted automotive production in the country. The French automotive vehicle production volume is expected to reach pre-pandemic levels over the coming years as the automotive industry gets massive government support (fiscal spending and tax breaks).
  • In 2021, the country’s new plug-ins electric vehicle registration stood at over 315,000, registering a growth rate of 62% compared to 2020, enhancing the demand of the electric vehicle segment in France. Along with it, electric vehicles registered a 21.4% market share in March 2022, up from 16.1% Y-o-Y.
  • The French car industry has unanimously condemned the European Parliament’s vote to ban the production of combustion engine cars from 2035. The country plans to achieve net-zero vehicle emissions by 2035, which is likely to drive the automotive vehicle market in the country over the forecast period.

France Sealants Industry Overview

The France Sealants Market is moderately consolidated, with the top five companies occupying 51.38%. The major players in this market are 3M, Arkema Group, Henkel AG & Co. KGaA, Sika AG and Soudal Holding N.V. (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology
4.1 End User Trends
4.1.1 Aerospace
4.1.2 Automotive
4.1.3 Building and Construction
4.2 Regulatory Framework
4.2.1 France
4.3 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
5.1 End User Industry
5.1.1 Aerospace
5.1.2 Automotive
5.1.3 Building and Construction
5.1.4 Healthcare
5.1.5 Other End-user Industries
5.2 Resin
5.2.1 Acrylic
5.2.2 Epoxy
5.2.3 Polyurethane
5.2.4 Silicone
5.2.5 Other Resins
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
6.4.1 3M
6.4.2 Arkema Group
6.4.3 CERMIX
6.4.4 Dow
6.4.5 Henkel AG & Co. KGaA
6.4.6 ISPO Group
6.4.7 MAPEI S.p.A.
6.4.8 RPM International Inc.
6.4.9 Sika AG
6.4.10 Soudal Holding N.V.
8.1 Global Adhesives and Sealants Industry Overview
8.1.1 Overview
8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
8.1.3 Global Value Chain Analysis
8.1.4 Drivers, Restraints, and Opportunities
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms

Companies Mentioned (Partial List)

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

  • 3M
  • Arkema Group
  • Dow
  • Henkel AG & Co. KGaA
  • ISPO Group
  • MAPEI S.p.A.
  • RPM International Inc.
  • Sika AG
  • Soudal Holding N.V.