The According to a market research report, the Construction Sealants Market by Resin Type (Silicone, Polyurethane, Polysulfide), Application (Glazing, Flooring & Joining, Sanitary & Kitchen), End-use Industry (Residential, Commercial, Industrial, Infrastructural), and Region – Global Forecast to 2028″, is projected to grow from USD 4.7 billion in 2023 to USD 5.7 billion in 2028 at a CAGR of 3.6%. The growth of the global construction sealants market is primarily driven by the increasing usage of silicone, hybrid, and polyurethane sealants. Polyurethane has made significant contributions to sealant bonding technology, making several different feedstock materials available for manufacturing sealants that exhibit a broad spectrum of performance characteristics.
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- 113 Market data Tables
- 41 Figures
- 183 Pages and in-depth TOC on “Construction Sealants Market – Global Forecast to 2028”
This report also provides a comprehensive analysis of the companies listed below:
The major players in construction sealants market include 3M (US), Arkema (France), Sika AG (Switzerland), Henkel AG & Co. KGaA (Germany), H.B. Fuller (US) and others.
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the construction sealants market.
Recent Developments in Construction Sealants Market Industry
- 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.
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Silicone sealants are the largest resin type in the market, primarily due to their excellent mechanical properties, such as elasticity, tensile strength, ultimate elongation, and tear resistance. Silicone sealants are the most versatile, with a wide range of properties, including low thermal conductivity, low chemical reactivity, low toxicity, and thermal stability. The significant ones include weather, heat and microbial resistance, water and vapor permeability, and resistance to extreme temperatures.
Asia Pacific is the fastest-growing and largest construction sealants market. Development in both the residential and non-residential sectors is likely to drive the demand for construction sealants in this region, especially in China and India, during the forecast period. China is the main driving force behind the fast expansion of the construction sealants market not only in the Asia Pacific region but also across the globe. Factors such as rapidly growing construction activities and a huge and increasing addressable population base are driving the construction sealants market in the Asia Pacific region.
Glazing accounts for the largest market share of the construction sealants market in the application segment between 2023 and 2028. The rising demand for sealants from the glazing application can be attributed to the increasing requirement for residential housing, theme parks, hotels, and other commercial centers in developed nations for new work, renovation, maintenance, and repairs.
Continuous developments in the construction sealants market are expected to help the market grow. The companies are providing products that will serve various applications. Acquisitions have also helped companies to have a greater reach. The companies have also started new manufacturing sites to capture and fulfill the need of the market.
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