Sealants Market Overview
According to a research survey conducted by ChemView Consulting, the current valuation of the Global Sealants Market is worth US$ 11,798.0 Mn in 2022. The market value of Sealants is expected to reach US$ 20,344.5 Mn by the year 2032, growing at a CAGR of 5.6% over the forecast period.
The Sealants market is rapidly expanding due to sealants being one of the key components used in various electronic and electrical devices. Furthermore, factors such as growing population, rise in urbanization, and increase in government spending have led the building & construction sector to witness significant growth where sealants are widely used to fill cracks, openings, and seal joints.
This has led to the rise in popularity of sealants in the building & construction sector; thus boosting the growth of the adhesives and sealants market
ChemView Consulting has analyzed that Sealants seeks significant demand from the Construction industry, positively influencing the market growth. The rising need for residential space on account of the increasing population as well as the rising standard of living is leading to the growth of the global industry
The main factors contributing to increased Construction activity are increased credit availability, disposable income, and people’s increasing need for personal accommodation. The factors mentioned above are likely to increase the global demand for Sealants.
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Segments Covered in Report
By Formulating Technology:
- Reactive & Others
- Paper & packaging
- Building & construction
- Consumer & DIY
- Automotive & Transportation
- Leather & Footwear
By Resin Type:
By End Use:
- Building & Construction
- Automotive & Transportation
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the Sealants Market
- Based on the end-use, the Building & Construction segment accounts for more than 50.0% of the global Sealants market share. For example, in structural glazing on glass-walled buildings. Sealants do not have high tensile strength like adhesives but have superior durability and dependability when subjected to conditions of chemical attack, high humidity, or electrical stress.
- Based on the formulating technology, the Water-based segment will dominate at a significant CAGR during 2022-2032. This segment accounted for the largest revenue share in 2021.
- Based on the resin type, the Silicone segment is expected to increase the Sealants demand significantly worldwide.
- Asia-Pacific is projected to dominate the Sealants market with a market share of 39.9% during the forecast period due to high consumption from the region’s stringent end-use industries and enormous Sealants production rate, particularly in China.
Key companies covered in the market study are 3M Company, Ashland Inc., Avery Denison Corporation, H B Fuller, Henkel AG, Sika AG, Pidilite Industries, Huntsman, Wacker Chemie AG, and RPM International Inc.
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Report Key Highlights
- Detailed information on factors that will assist Global Sealant’s growth during the next ten years
- Assessment of the historical and current Global Sealants Market size (2017-2021), market projections (2022-2032), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
About ChemView Consulting
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