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Sealant Market Report

RA00130

Sealant Market, by Type (Two-component, One-component, and Sealant tapes), Resin Type (PU, Epoxy, Silicone, Others), Technology (Solvent-borne, Water-borne, others), End User (Automotive, Aerospace, Construction, Mechanical, Marine, Defense, Others), Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00130

Pages: NA

Mar 2020

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Global Sealant Market Overview 2026:

Sealant is a type of viscous material that is used to shut the penetration of substances such as gas, dust, water, smoke and other fluids through joints, openings and surface in the materials. Also, these are used to block the small openings that are tough to close with other substances such as concrete, cement and others. Every sealant has two major properties including cohesive and adhesive properties, but a sealant has lower strength and higher elongation. Sealants can provide acoustic and thermal insulation and it can act as fire barrier.

Rise in the demand for building applications along with huge demand from automotive industry are the key drivers for the sealant market growth

The increasing demand for sealant materials from the buildings & construction sectors along with growth in the demand from automotive sector are the foremost sealant market drivers. In addition, growth in the mechanical manufacturing industry globally is one of the major drivers for the sealant market growth. Increasing government initiatives to minimize the volatile organic compounds (VOCs) from the vehicles and machines have driven the growth in the industry, thus starting new possibilities for the implementation of advanced manufacturing machinery. This aspect is driving the demand for sealants from manufacturing industry. Furthermore, sealants are mainly utilized in ceiling applications, joints in interior & exterior walls, dissimilar material joints, repair of bigger cracks, vertical/horizontals masonry-to-masonry joints and several other molding applications in the buildings& construction industry. Hence, swift progression of the buildings & construction sector in the both developed and developing countries is projected to impel the sealant market growth in the coming years.

Continuous growth in industrialization and growing demand for green sealants are acting as potential investment opportunities in the global sealant market

Constant growth in industrialization & modernization especially in developing countries along with rising awareness about green and sustainable sealants for VOC gases control are generating substantial growth opportunities for the sealant market. Moreover, increasing development of hybrid sealants by manufacturers through combining superior properties of silicones and urethanes to provide eco-friendly properties and greater performance in sealants are predicted to boost the market. Also, hybrid sealants have benefits such as mechanical endurance, high elongation, UV stability and other benefits. These aspects are anticipated to impel the growth of the market in near future.

One and Two-components type segment is projected to grow at a healthy rate during the estimated period

One-component type contains base sealants that can be used directly and not required to mix with any other components. One-component sealant will take 3 to 4 weeks for curing and these can absorb moisture and vapor from the atmosphere. Two-component type contains two different parts such as base and activator components. They require mixing and chemical reaction will occur between the components to form a thick paste. Two-component type sealants are mostly used for waterproofing.

Epoxy resin type segment is anticipated to grow at significant rate throughout the forecast time

Epoxy resin type segment held the highest market size in 2018 and is projected to be more profitable sealant type in terms of revenue during the forecast period. Epoxy sealants can protect the wood, fabrics and metals from corrosion due to oils, salt water and from impact and abrasion damages. Similarly, epoxy sealants are also available in several colors. Also, epoxy sealant establishes extensive resistance to high temperatures and exhibits reliability with metals. These factors are anticipated to drive the growth of sealant market in the forecast time.

Water-borne technology was major revenue contributor in the global sealant market in 2018

Water-borne sealant technology accounted for the majority of the market share in terms of revenue and is anticipated to grow with significant rate during the estimated period. In water-borne technology, water is used as a diluting medium. Water-borne sealant does not release any harmful vapors and is affordable. In addition, water-borne sealants do not emit any volatile organic compounds (VOC), and stringent regulation on VOC emissions are projected to drive the water-borne technology-based sealants market size in the forecast period. Solvent-borne technology is anticipated to experience a notable growth in the estimated time.

Automotive sector is predicted to be lucrative in the coming years

The sealant market for automotive sector will experience the fastest growth and is projected to continue its trend in terms of generation revenue during the forecast time. This expected growth is owing to the growing demand for sealant from the automotive industry for vehicle molding application. Also, sealants have found wide use in automobile manufacturing including resistance of corrosion in interior & exterior parts of vehicles and filling voids and gaps along with coatings in vehicles. These aspects are projected to impel the market growth in the forecast time. Construction sector led the majority of global market share and is estimated to increase the market size in the projected period. This growth is majorly attributed to extensive usage of sealants in the buildings and it is one of the crucial components in the construction industry. In addition, sealants have the physical properties including resistance to thermal expansion of steel rods, high flexibility, environmental resistance to corrosion and other benefits that are creating high demand for sealants in the construction industry.

North America region is anticipated to have enormous opportunities for the growth of the market in the coming years

Asia-Pacific region held the highest global sealant market share in 2018 and is projected to continue its dominance in terms of revenue during the forecast period. This dominance is majorly driven by rapid industrialization in the developing economies like India, China, Australia and other countries in Asia-Pacific region. In addition, strong growth in buildings & construction, manufacturing, chemical and other industries are fueling the demand for sealants in Asia-Pacific region. North America region is projected to witness a significant growth in the estimated period, and it accounted for the second largest regional market size in 2018.  This growth is attributed to increasing demand for sealant and their derivatives from the huge number of end use industries such as automotive, medical, electronics and other industries along with growing the construction activities in the North America region.

R&D investments and new product launches are the frequent tactics followed by key players

Major participants in the global sealant market include Wacker Chemie AG, Dow, H.B. Fuller Company, Carlisle Companies Inc., Henkel Adhesives Technologies India Private Limited, 3M, BASF SE, Huntsman International LLC, AVERY DENNISON CORPORATION, and Illinois Tool Works Inc., RPM International Inc. and Solvay and many others. These key market participants are emphasizing on product developments, new technology introduction and R&D activities to improve the product effectiveness and performance. These are most common approaches followed by the key participants to increase their market size in the global sealant industry.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Type

  • Two-component
  • One-component
  • Sealant tapes

  Segmentation by Resin Type

  • PU
  • Epoxy
  • Silicone
  • Others

  Segmentation by Technology

  • Solvent-borne
  • Water-borne
  • Others

  Segmentation by End User

  • Automotive
  • Aerospace
  • Construction
  • Mechanical
  • Marine
  • Defense
  • Others

  Key Countries Covered

U.S., Canada, Mexico, Germany, UK, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, Africa and Saudi Arabia

  Key Companies Profiled

  • Wacker Chemie AG
  • Dow
  • H.B. Fuller Company
  • Carlisle Companies Inc.
  • Henkel Adhesives Technologies India Private Limited
  • 3M
  • BASF SE
  • Huntsman International LLC
  • AVERY DENNISON CORPORATION
  • Illinois Tool Works Inc.
  • RPM International Inc.
  • Solvay

Frequently Asked Questions
 

A. Dow, Carlisle Companies Inc., Henkel Adhesives Technologies India Private Limited, BASF SE, Huntsman International LLC and RPM International Inc. are some of the key players in the global connected motorcycles market.

A. North America possesses great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Product development, and joint ventures are the key strategies opted by the operating companies in this market.

A. Dow, H.B. Fuller Company, Henkel Adhesives Technologies India Private Limited and BASF SE are investing more on R&D activities for developing new products and technologies.

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