Construction Sealants Market by Resin Type (Acrylic, Butyl, Polysulfide), Solubility (Solvent-based, Water-based), Technology, Application, End-use Industry - Global Forecast 2024-2030
The Construction Sealants Market size was estimated at USD 5.13 billion in 2023 and expected to reach USD 5.38 billion in 2024, at a CAGR 5.02% to reach USD 7.23 billion by 2030.
Construction sealants are designed to fill gaps, joints, and openings in various building structures. These substances provide a barrier against external elements such as air, water, dust, and noise while maintaining the structural integrity of buildings. Rapid urbanization across the globe and demand for high-quality residential buildings with improved energy efficiency and reduced maintenance costs are expanding the use of effective sealing materials. Government regulations on environmental sustainability have prompted manufacturers to develop bio-based construction sealants that comply with relevant standards. However, fluctuating raw material prices may adversely impact the use of construction sealants across infrastructure projects globally. Moreover, integrating nano-materials into traditional formulations can enhance mechanical properties such as strength or flexibility of construction sealants and expand their use across the building & construction sector worldwide.
Regional Insights
The construction sealants market is evolving in the Americas owing to the well-established infrastructure sector, innovative techniques, and an increasing focus on green buildings, driving demand for bio-based and energy-efficient products. The European Union is witnessing increased adoption of sustainable construction practices that comply with regulations, including the Energy Performance of Buildings Directive (EPBD) and REACH regulations, contributing to the growing demand for advanced construction sealants in Europe's commercial and residential sectors. In the Middle East & Africa region, rapid urbanization coupled with large-scale infrastructure projects presents opportunities for growth within the construction sealants market. The increasing focus on sustainability within public and private sectors drives demand for energy-efficient products meeting stringent regional standards. The Asia-Pacific region represents a crucial growth for construction sealants due to its rapidly expanding economies and ongoing large-scale infrastructure projects, leading to an increased demand for construction sealants in residential and commercial applications. In addition, advances in manufacturing processes and sealant formulations to improve their performance are anticipated to propel the growth of the construction sealants market across the end-use sectors across the globe.
Market Insights
- Market Dynamics
The market dynamics represent an ever-changing landscape of the Construction Sealants Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.- Market Drivers
- Significant growth and investments in building & construction activities
- Increasing number of renovation and remodeling activities in the residential sector
- Market Restraints
- Fluctuating cost of petrochemical-based raw materials used in construction sealant manufacturing
- Market Opportunities
- Advancements and launch of improved, innovative construction sealant
- Rising environmental awareness and preference for bio-based construction sealant
- Market Challenges
- Moisture sensitivity and performance issues associated with the use of construction sealants
- Market Segmentation Analysis
- Resin Type: Penetration of polyurethane sealants in construction sector
- Solubility: Widespread applications of solvent-based sealants in the construction sector
- Technology: Proliferating demand for two-component sealants paint to their enhanced durability
- Application: Expanding use of construction sealants in flooring & jointing
- End-use Industry: Proliferating demand for construction sealants from infrastructure projects
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Construction Sealants Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Construction Sealants Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments- BASF Announces Capacity Expansion for Polyisobutylene
BASF SE is increasing its production capacity for medium-molecular weight polyisobutenes (OPPANOL B) by 25% at its site in Ludwigshafen, Germany. These versatile polyisobutenes find applications in various industries, including automotive, construction, electronics, and food & packaging. They are used in surface protective films, window sealants, battery binder material, and food packaging solutions. This capacity expansion will enable BASF to meet the increasing market needs efficiently and effectively.
BASF Expands its Innovation Campus Shanghai
BASF SE expanded its production facility through the opening of Innovation Campus Shanghai. This expansion demonstrates BASF's commitment to being at the forefront of innovation in the region. The campus serves as a powerhouse for research and development, not only for BASF but also for its partners. This expansion further enhances BASF's capabilities and enables it to better support its customers in China and across Asia.
New Joint Sealant Launched with Great Success
Fosroc launched the Thioflex 555 joint sealant, specifically designed to seal and maintain joints in concrete roads, runways, taxiways, aprons, and hardstanding areas. This advanced sealant offers numerous benefits, including a rapid return to service with 25% MAF across a wide range of temperatures. Additionally, Thioflex 555 demonstrates exceptional durability and resistance to fuel and hydraulic fluid.
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Construction Sealants Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the Construction Sealants Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Arkema S.A., Asian Paints Ltd., Avery Dennison Corporation, BASF SE, Bayer Vitrotec GmbH, Carlisle Companies Inc., Compagnie de Saint-Gobain S.A., deVan Sealants, Inc., DuPont de Nemours, Inc., Eastman Chemical Company, Evonik Industries AG, Exxon Mobil Corporation, Fosroc, Inc. by JMH Group, General Electric Company, Gorilla Glue, Inc., H.B. Fuller Company, Henkel AG and Co. KgaA, Hilti Corporation, Hodgson Sealants Ltd, Holcim Group, Huntsman Corporation, Innovative Chemical Products Group, LLC, KCC Corporation, Mapei SPA, Novagard Solutions, Inc., PCI Augsburg GmbH, Pecora Corporation, Pidilite Industries Limited, PPG Industries, Inc., RPM International Inc., Selena Group, Sika AG, Solvay S.A., Soudal Holding N.V., Sunstar Group, The Dow Chemical Company, W. R. Meadows, Inc., and Wacker Chemie AG.
Market Segmentation & Coverage
This research report categorizes the Construction Sealants Market to forecast the revenues and analyze trends in each of the following sub-markets:- Resin Type
- Acrylic
- Butyl
- Polysulfide
- Polyurethane
- Silicone
- Solubility
- Solvent-based
- Water-based
- Technology
- One-Component Sealants
- Two-Component Sealants
- Application
- Facade
- Flooring & Joining
- Glazing
- Sanitary & Kitchen
- End-use Industry
- Commercial
- Industrial
- Infrastructural
- Residential
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
- Americas
- Market Drivers
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Significant growth and investments in building & construction activities
- 5.1.1.2. Increasing number of renovation and remodeling activities in the residential sector
- 5.1.2. Restraints
- 5.1.2.1. Fluctuating cost of petrochemical-based raw materials used in construction sealant manufacturing
- 5.1.3. Opportunities
- 5.1.3.1. Advancements and launch of improved, innovative construction sealant
- 5.1.3.2. Rising environmental awareness and preference for bio-based construction sealant
- 5.1.4. Challenges
- 5.1.4.1. Moisture sensitivity and performance issues associated with the use of construction sealants
- 5.2. Market Segmentation Analysis
- 5.2.1. Resin Type: Penetration of polyurethane sealants in construction sector
- 5.2.2. Solubility: Widespread applications of solvent-based sealants in the construction sector
- 5.2.3. Technology: Proliferating demand for two-component sealants paint to their enhanced durability
- 5.2.4. Application: Expanding use of construction sealants in flooring & jointing
- 5.2.5. End-use Industry: Proliferating demand for construction sealants from infrastructure projects
- 5.3. Market Trend Analysis
- 5.3.1. Strong presence of regional and international players in the construction sealants market serving to the demand of the upgradation of civil infrastructure and residential city development in the Americas
- 5.3.2. Government initiatives supporting the infrastructural development and presence of high consumer base demands for construction sealant in APAC
- 5.3.3. Substantial investments in the construction sector and rapidly expanding production facilities of construction sealants in the EMEA region
- 5.4. Cumulative Impact of High Inflation
- 5.5. Porter’s Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
- 5.6. Value Chain & Critical Path Analysis
- 5.7. Regulatory Framework Analysis
- 6. Construction Sealants Market, by Resin Type
- 6.1. Introduction
- 6.2. Acrylic
- 6.3. Butyl
- 6.4. Polysulfide
- 6.5. Polyurethane
- 6.6. Silicone
- 7. Construction Sealants Market, by Solubility
- 7.1. Introduction
- 7.2. Solvent-based
- 7.3. Water-based
- 8. Construction Sealants Market, by Technology
- 8.1. Introduction
- 8.2. One-Component Sealants
- 8.3. Two-Component Sealants
- 9. Construction Sealants Market, by Application
- 9.1. Introduction
- 9.2. Facade
- 9.3. Flooring & Joining
- 9.4. Glazing
- 9.5. Sanitary & Kitchen
- 10. Construction Sealants Market, by End-use Industry
- 10.1. Introduction
- 10.2. Commercial
- 10.3. Industrial
- 10.4. Infrastructural
- 10.5. Residential
- 11. Americas Construction Sealants Market
- 11.1. Introduction
- 11.2. Argentina
- 11.3. Brazil
- 11.4. Canada
- 11.5. Mexico
- 11.6. United States
- 12. Asia-Pacific Construction Sealants Market
- 12.1. Introduction
- 12.2. Australia
- 12.3. China
- 12.4. India
- 12.5. Indonesia
- 12.6. Japan
- 12.7. Malaysia
- 12.8. Philippines
- 12.9. Singapore
- 12.10. South Korea
- 12.11. Taiwan
- 12.12. Thailand
- 12.13. Vietnam
- 13. Europe, Middle East & Africa Construction Sealants Market
- 13.1. Introduction
- 13.2. Denmark
- 13.3. Egypt
- 13.4. Finland
- 13.5. France
- 13.6. Germany
- 13.7. Israel
- 13.8. Italy
- 13.9. Netherlands
- 13.10. Nigeria
- 13.11. Norway
- 13.12. Poland
- 13.13. Qatar
- 13.14. Russia
- 13.15. Saudi Arabia
- 13.16. South Africa
- 13.17. Spain
- 13.18. Sweden
- 13.19. Switzerland
- 13.20. Turkey
- 13.21. United Arab Emirates
- 13.22. United Kingdom
- 14. Competitive Landscape
- 14.1. Market Share Analysis, 2023
- 14.2. FPNV Positioning Matrix, 2023
- 14.3. Competitive Scenario Analysis
- 14.3.1. BASF Announces Capacity Expansion for Polyisobutylene
- 14.3.2. BASF Expands its Innovation Campus Shanghai
- 14.3.3. New Joint Sealant Launched with Great Success
- 14.3.4. Sto Launches StoSeal STPE Sealant, a Versatile, High-Performance Adhesive Sealant
- 14.3.5. Henkel opens Adhesive Technology Center in Bridgewater
- 14.3.6. DAP Transforms Concrete Repair Possibilities with Three New Concrete Products
- 14.3.7. WACKER Expands Production of Silicone Sealants at Its Nünchritz Site
- 14.3.8. Avantium and Henkel Sign Offtake Agreement on FDCA for Adhesives
- 14.3.9. H.B. Fuller Company acquired Gssi Sealants, Inc. For USD 7.5 Million.
- 15. Competitive Portfolio
- 15.1. Key Company Profiles
- 15.2. Key Product Portfolio
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