Construction Sealants Market - Forecast(2023 - 2028)

Report Code: CMR 0754 Report Format: PDF + Excel

Construction Sealants Market Overview

The Construction Sealants Market size is estimated to reach US$12.4 billion by 2027, after growing at a CAGR of 5.7% during the forecast period 2022-2027. Construction Sealants are used for blocking the heat, sound, dust and fluid through the help of apertures at the joints in the building structures, thereby acting as a moisture barrier for structures. Construction sealants are based on various resin types including silicone, polysulphide sealants, polyurethane, butyl-based and others. The rising demand for construction sealants in the residential construction sector for windows, water-based latex, expansion joints, roofing and others acts as a driving factor in the construction sealants industry. According to the United States Census Bureau, the total residential construction in the US increased from US$797.728 in May 2021 to US$947,272 in May 2022. In addition, rapid housing projects and infrastructural activities across the world are propelling the growth scope for construction sealants. The major disruption caused by the COVID-19 outbreak impacted the growth of the construction sealants market due to disturbance in manufacturing, falling demand from major end-use industries and other lockdown restrictions. However, significant recovery is boosting the demand for construction sealants for a wide range of applicability and utilization in airports, building structures, residential housing and others. Thus, the construction sealants industry is anticipated to grow rapidly and contribute to the Construction Sealants market size during the forecast period.

Construction Sealants Market Report Coverage

The “Construction Sealants Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Construction Sealants Industry.

By Resin Type: Silicone, Polysulphide, Polyurethane, Plastisol, Butyl-based and Others.
By Substrate: Plastic, Ceramic, Concrete, Wood, Metals and Others.
By Technology: Water-Based, Solvent-Based, Reactive and Others.
By Application: Flooring, Gazing, Sanitary & Kitchen, Roofing, Gap Filling, Windows and Others.
By End-use Industry: Residential (Private Dwellings, Row Houses and Apartments), Commercial (Hospitals, Office Buildings, Supermarkets, Educational Institutes, Hotels, Airports and Others), Industrial (Warehouses and Production Facilities) and Infrastructural (Roads, Highways, Bridges, Tunnels, Dams and others).
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World [the Middle East (Saudi Arabia, the UAE, Israel and the Rest of the Middle East) and Africa (South Africa, Nigeria and the Rest of Africa)].

Key Takeaways

  • Asia-Pacific dominates the Construction Sealants Market, owing to growth factors such as the flourished base for the residential, commercial and industrial sectors and rising infrastructural programs, thereby boosting growth in this region.
  • The flourishing residential sector across the world is propelling the demand for Construction Sealants for major utilization in flooring, panels, doors, concrete sealers, windows, roofing and others, thereby influencing the growth in the Construction Sealants market size.
  • However, the strict environmental regulations on toxicity associated with sealants act as a challenging factor in the Construction Sealants industry.

Figure: Construction Sealants Market Revenue Share by Geography, 2021 (%)

Construction Sealants Market

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Construction Sealants Market Segment Analysis – by Resin Type

The silicone segment held a significant share of the Construction Sealants Market in 2021 and is projected to grow at a CAGR of 5.6% during the forecast period 2022-2027. The growth scope for silicone resin type is high over polyurethane, polysulphide sealants, butyl-based and others due to excellent features of silicone such as weather protection, non-cracking property in warm conditions, flexibility and durability. In addition, the growing construction and building activities are fuelling the demand for construction sealants for applicability in the expansion joints for joining dissimilar items, windows, concrete sealers, doors, roofing and others. According to European Construction Industry Federation (FIEC), construction activity increased by 10.3% in volume in France for the year 2021 compared to 2020. Thus, owing to significant utilization in construction projects, the silicone resin type segment is anticipated to grow rapidly in the Construction Sealants market over the forecast period.

Construction Sealants Market Segment Analysis – by End-use Industry

The residential segment held a significant share of the Construction Sealants Market in 2021 and is projected to grow at a CAGR of 6.1% during the forecast period 2022-2027. Construction sealants have a wide range of applications in the residential sector for roofing, door, windows, concrete sealers and others. The residential sector is growing rapidly owing to factors such as a rise in residential building projects, initiatives by the government and rapid urbanization. According to the Conference Board of Canada, the residential construction investment rose by 7.6% in March 2021 to US$10.99 billion over the past 11 months. According to the United States Census Bureau, the total privately-owned housing units completed in the US rose from 1326 thousand units in December 2021 to 1465 thousand units in May 2022. According to Oxford Economics, the global construction output in 2020 accounted for US$10.7 trillion and is projected to grow by 42% to reach US$15.2 trillion between 2020 and 2030. With the flourishing residential housing and building activities, the utilization of construction sealants in roofing, glazing, flooring, windows and others for providing a moisture barrier, protection from weather conditions and joint expansion is rising. This, in turn, is projected to boost its growth prospect in the residential sector during the forecast period.

Construction Sealants Market Segment Analysis – by Geography

Asia-Pacific held the largest share of up to 42.7% in the Construction Sealants Market in 2021. The lucrative growth scope for construction sealants in this region is influenced by the rise in residential projects, commercial space development, infrastructural growth and urbanization trends. The lucrative growth for the construction sector, majorly residential, in APAC is influenced by growth factors such as increasing investments in infrastructural projects, initiatives for smart and green buildings and urbanization. According to the National Investment Promotion & Facilitation Agency, the construction industry in India is expected to reach US$1.4 trillion by 2025. According to the International Trade Administration (ITA), the construction sector in China is expected to grow at an annual average rate of 8.6% between 2022 and 2030. With the bolstering growth and production in the construction sector, the utilization of construction sealants in building structures, joint expansion, windows, glazing and others is growing, which, in turn, is projected to boost its growth prospects in the Asia-Pacific region during the forecast period.

Construction Sealants Market Drivers

Bolstering Infrastructural Construction Activities:

Construction Sealants composed of resins such as polyurethane, silicone, polysulphide sealants and others have a wide range of applications in the infrastructural sector for dams, bridges and others. The infrastructure sector is significantly flourishing owing to growth factors such as rising foreign investments, the government's initiative toward infrastructural development and industrialization. According to the China Electronic Information Industry Development (CCID), the country is projected to spend US$1.4 trillion on new infrastructure projects between FY2020-FY2025. According to the Department for Promotion Industry and Internal Trade (DPIIT), the FDI in the construction infrastructure sector stood at US$26.30 billion between April 2000 and December 2021. With the flourishing infrastructural projects across the world, the demand for construction sealants for expansion joints, panels, dams, bridges and others is rising, which, in turn, is driving the Construction Sealants industry.

Flourishing Growth of the Commercial Construction Sector:

Construction Sealants such as acrylic sealers based, polysulphide sealants, water-based latex sealants and others have flourishing demand in the commercial building & construction sector for hotels, airports, office buildings, hospitals and others. The commercial building and construction sector is rapidly growing due to factors such as rising investments for commercial construction projects, development schemes for commercial spaces and urbanization. According to the Airport Authority of India (AAI), the construction of 100 additional airports by 2024 was announced in 2020. According to Statistics Canada, the investment in commercial construction rose by 1.7% in December 2021 compared to the previous year. Thus, with fast-paced growth in commercial construction activities, the demand for construction sealants is growing, thereby driving the global Construction Sealants industry.

Construction Sealants Market Challenge

Environmental Regulations Associated with the Construction Sealants:

The strict rules and regulations on Construction Sealants due to toxicity associated with sealants based on solvent-borne technology create a major challenge in the growth of the construction sealants market. The volatile organic compound (VOC) emissions and toxicity associated with it make things more difficult for the market. In addition, volatility in prices of raw materials such as resins due to crude oil price fluctuations also restricts the growth scope. According to the Energy Information Administration (EIA), Brent crude oil prices averaged US$117 per barrel in March 2022, marking an increase of US$20 per barrel from February 2022. Thus, owing to such growth-restraining factors, the Construction Sealants market faces a major slowdown.

Construction Sealants Industry Outlook

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Construction Sealants Market. The 10 companies in the Construction Sealants Market are:

1. 3M
2. BASF SE
3. Wacker Chemie
4. H.B. Fuller
5. Bostik
6. Sika AG
7. Henkel AG & Co. KGaA
8. DAP Products Inc.
9. KONISHI Chemical Ind Co., Ltd
10. PCI Augsburg GmbH

Recent Developments

  • In July 2021, Bostick announced the launch of the latest polyurethane sealants line for sealing and bonding applications inthe construction market. The launch aims to boost the position in targeted market of construction in emerging nations.
  • In August 2020, Momentive Performance Materials, a leading brand for silicone-based products, announced selling the Consumer Sealants division to Henkel. The consumer sealants division offers major applicability in the construction and home improvement sector, thereby boosting the growth scope in the Construction Sealants market.
  • In September 2019, Bostik announced the launch of an innovative modified silicone sealant for back bedding applications, formulated with high strength features for utilization in doors, window and other construction installation.

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1. Construction Sealants Market - Market Overview
    1.1 Definitions and Scope
2. Construction Sealants Market - Executive Summary
    2.1 Key Trends by Resin Type
    2.2 Key Trends by Substrate
    2.3 Key Trends by Technology
    2.4 Key Trends by Application
    2.5 Key Trends by End-use Industry
    2.6 Key Trends by Geography
3. Construction Sealants Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Construction Sealants Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Construction Sealants Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Construction Sealants Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Construction Sealants Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Construction Sealants Market – by Resin Type (Market size – US$ Million/Billion)
    8.1 Silicone
    8.2 Polysulfide
    8.3 Polyurethane
    8.4 Plastisol
    8.5 Butyl-based
    8.6 Others
9. Construction Sealants Market – by Substrate (Market size – US$ Million/Billion)
    9.1 Plastic
    9.2 Ceramic
    9.3 Concrete
    9.4 Wood
    9.5 Metals
    9.6 Others
10. Construction Sealants Market – by Technology (Market size – US$ Million/Billion)
    10.1 Water-based
    10.2 Solvent-based
    10.3 Reactive
    10.4 Others
11. Construction Sealants Market – by Application (Market size – US$ Million/Billion)
    11.1 Flooring
    11.2 Gazing
    11.3 Sanitary & Kitchen
    11.4 Roofing
    11.5 Gap Filling
    11.6 Windows
    11.7 Others
12. Construction Sealants Market - by End-use Industry (Market Size - US$ Million/Billion)
    12.1 Residential
        12.1.1 Private Dwellings
        12.1.2 Row Houses
        12.1.3 Apartments
    12.2 Commercial
        12.2.1 Hospitals
        12.2.2 Office Buildings
        12.2.3 Supermarkets
        12.2.4 Educational Institutes
        12.2.5 Hotels
        12.2.6 Airports
        12.2.7 Others
    12.3 Industrial
        12.3.1 Warehouses
        12.3.2 Production Facilities
    12.4 Infrastructural
        12.4.1 Roads
        12.4.2 Highways
        12.4.3 Bridges
        12.4.4 Tunnels
        12.4.5 Dams
        12.4.6 Others
13. Construction Sealants Market - by Geography (Market Size - US$ Million/Billion)
    13.1 North America
        13.1.1 The USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 The UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 The Netherlands
        13.2.6 Spain
        13.2.7 Belgium
        13.2.8 The Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zealand
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 The Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 The Rest of South America
    13.5 The Rest of the World
        13.5.1 The Middle East
            13.5.1.1 Saudi Arabia
            13.5.1.2 The UAE
            13.5.1.3 Israel
            13.5.1.4 The Rest of the Middle East
        13.5.2 Africa
            13.5.2.1 South Africa
            13.5.2.2 Nigeria
            13.5.2.3 The Rest of Africa
14. Construction Sealants Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Construction Sealants Market – Industry/Competition Segment Analysis Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key Application - Major companies
    15.6 Market Share by Key Product Type/Product category - Major companies
16. Construction Sealants Market – Key Company List by Country Premium Premium
17. Construction Sealants Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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