Global Construction Sealants Market Size By Application (Glazing, Flooring, Joining, Sanitary, Kitchen) Resin Type (Silicone, Polyurethane, Polysulfide), and Region - Market Share, Trend Analysis, Competitive Intelligence, Historical Data, and Forecast 2023 - 2030
Market Perspective
Global Construction Sealants Market was worth around USD 3.70 billion in 2022 and is anticipated to grow to around USD 5.12 billion by 2030 at a CAGR of around 4.14% between 2023 and 2030.
The global construction sealants market is characterized by a diverse array of sealant options, including polysulfide, silicone, polyurethane-based, acrylic latex, bituminous, and synthetic rubber sealants. These versatile solutions are integral to the construction sector, serving as indispensable tools in achieving efficient and enduring structures.
With the ever-increasing emphasis on quality living and working spaces, the application of sealants in residential and commercial buildings has gained substantial traction. Particularly, the escalating demand for sealants in flooring and expansion joints has emerged as a key driving force behind the projected growth of the market during the forecast period. The multifaceted benefits of construction sealants, including their ability to create dust-free, soundproof, thermally efficient, and watertight environments, contribute to their widespread adoption in diverse applications such as roofing, glazing, flooring, and sanitation.
As construction practices evolve and consumer expectations continue to rise, the construction sealants market is poised to expand significantly. The incorporation of sealants as integral components of modern construction practices underscores their indispensable role in shaping the future of the global construction industry.
Key Insights
- Based on application, the joining segment held the dominating position with the highest market value in 2022
- Based on resin type, the silicone segment is expected to generate the largest share over the forecast period
- On the basis of region, Asia-Pacific accounted for the largest market share in 2022
Surge in Infrastructure Investments Propels Demand for Construction Sealants
Rapidly escalating investments in expansive infrastructure and construction ventures, spanning projects like bridges, airports, dams, metro stations, and railway stations, are propelling the demand for construction sealants. These versatile sealants play a crucial role in ensuring the longevity and durability of critical elements such as expansion joints, panels, and flooring. The increasing emphasis on building structures of uncompromised quality, resilience, and functionality drives the need for effective sealing solutions. Consequently, construction sealants emerge as indispensable tools, sealing the gaps between innovation and infrastructure, and laying the foundation for a future marked by impeccable engineering and enduring structures.
Regulatory Constraints on Chemical and Petro-Based Products Hamper Construction Sealants Market Growth
The growth trajectory of the construction sealants market faces significant impediments due to stringent regulatory policies governing the production of chemical and petro-based products. Notably, the European Commission (EC) and the European Epoxy Resin Committee (ERC) wield authority in shaping the production landscape of chemical and petro-based items within Europe. These regulatory bodies impose rigorous standards and guidelines to ensure environmental sustainability, public health and safety. The resultant compliance demands and meticulous adherence procedures pose substantial challenges for manufacturers operating within the construction sealants sector. As these regulations seek to curtail the potential adverse effects of chemical and petro-based substances, including their impact on ecosystems and human well-being, manufacturers must navigate intricate pathways to ensure compliance without compromising product quality or performance.
Recent Development
May 2023: Sika AG acquired the MBCC Group. This acquisition strengthened Sika’s position in the construction chemicals market, enhancing its product portfolio and global reach. The union brings together two industry leaders, fostering innovation and expanding market presence, ultimately benefiting customers with a broader range of high-quality solutions for construction and infrastructure projects worldwide.
Segmentation Analysis
Based on application, the market is segmented into glazing, flooring, joining, sanitary, and kitchen. In 2022, the joining segment emerged as a dominant force in the market. This was primarily due to its critical role in delivering structural integrity, seamless connections, and efficient assembly processes across industries. Whether in manufacturing, construction, or maintenance, the joining segment has played a pivotal role in ensuring efficiency. Its emergence as a crucial component in any industry has made it a top priority for manufacturers and suppliers.
Based on resin type, the market is segmented into silicone, polyurethane, and polysulfide. The silicone segment is set to exhibit the highest CAGR due to its exceptional versatility, durability, and wide-ranging applications in industries such as construction, automotive, electronics, and healthcare. Its heat resistance, weather ability, and compatibility with various substrates contribute to its surging popularity, making it a preferred choice for numerous innovative and demanding projects.
Infrastructure Advancements Fuel Dominance of North America in Construction Sealants Market
The prominent position of North America in the Construction Sealants Market is driven by continuous investments in infrastructure development in the region. The robust economic growth and ongoing urbanization in the region have led to an upsurge in construction activities, including commercial complexes, residential buildings, and transportation networks. Consequently, the demand for construction sealants has risen, primarily for sealing joints, panels, and roofing to ensure structural integrity and energy efficiency. The commitment of the region to innovation, coupled with stringent quality and safety standards, positions it as a key market for construction sealants, reinforcing the pivotal role of the region in shaping the trajectory of the market.
Asia-Pacific Construction Sealants Market to Depict Fastest Growth Due to Rapid Urbanization
The rapid urbanization in Asia-Pacific serves as the primary catalyst behind the exceptional growth of the regional construction sealants market. The burgeoning population and increasing urban migration in the region have triggered substantial demand for modern infrastructure, residential spaces, and commercial establishments. To ensure longevity and performance, construction sealants play a crucial role in enhancing structural integrity, energy efficiency, and aesthetic appeal. The relentless expansion of cities, accompanied by heightened construction activities, propels the adoption of construction sealants across diverse applications such as joint sealing, flooring, and roofing. As Asia-Pacific continues to reshape its urban landscape, the demand for construction sealants is set to maintain its accelerated trajectory, solidifying the region's industry presence.
Competitive Landscape
The global construction sealants market is fragmented with key players such as 3M, Arkema, Sika AG, B. Fuller Company, Henkel AG & Co. KGaA, BASF SE, Dow Inc., Wacker Chemie AG, MAPEI S.p.A., Illinois Tool Works Inc., amongst others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position.
The global construction sealants market is segmented as follows:
By Application
- Glazing
- Flooring
- Joining
- Sanitary
- Kitchen
By Resin Type
- Silicone
- Polyurethane
- Polysulfide
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- North America
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
ARE YOU SEEKING COMPREHENSIVE INSIGHT ON VARIOUS
MARKETS?
CONTACT OUR EXPERTS TODAY
Speak to an Expert
Global Construction Sealants Market Size By
- October-2023
- 140
- Global
- chemicals-and-advanced-materials
Related Research
Carbohydrases Market Size, Share & Trends Analysis Report By Application (Food and beverages, Anima
January-2021
1,2,3,4-Tetrahydroquinaldine Reagent (CAS 1780-19-4) -Global Market Status & Trend Report 2022-2030
August-2021
1,2,3,4-Tetrahydroquinaldine Reagent (CAS 1780-19-4) -Global Market Status and Trend Report 2022-203
August-2021
1,2,3,4-Tetrahydroquinoline Reagent (CAS 635-46-1)-Global Market Status & Trend Report 2022-2030 Top
August-2021
1,2,3,4-Tetrahydroquinoline Reagent (CAS 635-46-1)-Global Market Status and Trend Report 2022-2030
August-2021