Construction Sealants Market Market Size, Share, Growth Report 2032

Construction Sealants Market Insights

Zion Market Research has published a report on the global Construction Sealants Market, estimating its value at USD 4.59 Billion in 2023, with projections indicating that it will reach USD 6.46 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 3.88% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Construction Sealants Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

Request Free Sample

Global Construction Sealants Market Overview

In construction, sealants are used to keep fluids and other substances from passing through material surfaces, or joints. Sealants, often known as caulking in the construction sector, are used to prevent heat, sound, dust, and fluid from entering building structures through apertures. They also give added value in terms of environmental protection, seepage, and leakage prevention, as well as better performance and durability. Increased demand, growing disposable income and environmental concerns are driving the development of green buildings, which will result in a significant increase in demand for construction sealants all over the world.

In the construction industry, advancements in adhesive technologies have encouraged the use of variety of flooring materials in the building industry, both for internal and outdoor. Increased investments in construction of public projects such as building of dams, bridges, metro stations and dams are also propelling the use of sealants for expansion joints, panels, flooring, and various other applications.

Request Free Sample

Growth Factors

The development of commercial as well as residential buildings has increased significantly around the world, which will boost demand for expansion jointing and flooring and activities, as well as accelerate need for construction sealants in the coming years. Moreover, concerns regarding the environment are driving the construction of green buildings. These factors will result in a significant increase in applications and use of construction sealants all over the world.

Furthermore, improving living standards, along with easy financial assistance, have led to a growth in residential building and renovation projects, as well as an increase in demand for high-strength and long-lasting public infrastructure, development of energy-efficient building projects, and an increase in maintenance and renovation. In addition, rising demand for low VOC, green, and sustainable sealants provides lucrative potential for construction sealants companies.

Construction Sealants Market: Report Scope

Resin Type Analysis Preview

The polyurethane segment held a share of around 30% in 2020. This is attributable to a significant increase in demand for high-performance materials with excellent moisture resistance and cosmetic appeal. Furthermore, breakthrough advancements in safety and convenience of application of polyurethane sealant bonding have fueled market expansion. Furthermore, rising demand for lightweight and durable goods in the automotive, construction, and electronics industries. Overall demand for is expected to be fueled by the end-use industries in developed countries, as well as the product's flexibility and specific physical properties. Furthermore, the growing adoption of innovative manufacturing technologies for polyurethane (PU) with advanced properties is expected to boost overall demand in the market.

Application Segment Analysis Preview

Flooring segment will grow at a CAGR of over 5.5% from 2021 to 2028. This is attributable to the fact that there are several wood flooring sealants that are both environmentally friendly and sound-dampening, making them ideal for subfloor heating. They have a rigid grip, improved bonding strength, and increased hardness, making them ideal for wood floors.

The roofing industry is expected to have the second-largest market share. Roofing sealants are designed to endure extreme weather, allowing them to be used in both commercial and residential applications.

Request Free Sample

Regional Analysis Preview

The North American region held a share of over 20% in 2020. This is attributable to the fact that the demand for construction in the residential segment has performed better than the overall economy and recovered from the COVID-19's initial shock. This was because of the lower mortgage rates and a notable shift in the mode of employment (work from home), which caused a lot of first-time buyers and renters to opt for living spaces that are larger and more accessible in areas of lower population density such as exurbs, suburbs, and rural communities while maintaining their employment and wealth.

The Asia Pacific region is projected to grow at a CAGR of 6% over the forecast period. This surge is due to the increased demand from infrastructure development and bio-based sealants, foreign investments due to low labor costs, and abundant raw materials. In addition to these factors, government initiatives to enhance manufacturing and the increasing rate of construction of end-use sectors such as steel mills, manufacturing plants, factories, and oil refineries, among others would drive growth in the coming years.

Key Market Players & Competitive Landscape

Some of key players in Construction Sealants Market are:

• 3M
• Bostik
• Sika
• H.B. Fuller
• Henkel
• BASF
• Dow
• Wacker
• Asian Paints
• DAP Products
• Pidilite
• KCC among others. 

Strategic acquisitions are the most common way for companies in this market to enhance their production capacity and distribution network.

In December 2020, the acquisition of firm named Gabriel Performance Products in North America was announced by Huntsman Corporation. Gabriel Performance Products specializes in specialty adhesives, sealants, coatings, and epoxy curing agents. The said acquisition shall broaden the specialty portfolio and boost the adhesives and sealants market value.

The Global Construction Sealants Market is segmented as follows:

By Resin Type

• Silicone
• Polyurethane
• Polysulfide
• Others

By Technology

• Water-based
• Solvent-based
• Others

By Application

• Glazing
• Flooring and Joining
• Roofing
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa