United Kingdom Sealants Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

United Kingdom Sealants Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

The United Kingdom Sealants Market is projected to register a CAGR of 6.21%

Key Highlights

• Largest Segment by End User Industry - Building and Construction : In the United Kingdom, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, heat insulation, glazing, façade, and others.
• Fastest-growing Segment by End User Industry - Healthcare : Due to the increasing healthcare expenditure and rising investment in tissue engineering and medical device production, healthcare is projected to be the fastest-growing end-user industry in the country.
• Largest Segment by Resin - Silicone : Silicone sealant is the major resin-based sealant owing to its largest application share in the building and construction industry for both interior and exterior applications.
• Fastest-growing Segment by Resin - Silicone : Due to its sheer strength and high impact resistance abilities and wide usage in building and construction and healthcare end-user, silicone sealant is registered to be the fastest-growing resin in the UK sealant market.

Key Market TrendsBuilding and Construction is the largest segment by End User Industry.

• The UK sealants market is largely driven by the construction industry, followed by other end-user industries due to diverse applications of sealants in building and construction activities, such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. The construction industry registered about 6% of gross value added to the economy of the United Kingdom in 2019. However, construction of new work for housing decreased by 20.7% in 2020 due to COVID-19 restrictions and scarcity of raw materials, which was restored in 2021, thus, proliferating the sealants demand across the country.
• Other end-user industries are likely to obtain the second largest market share in the UK sealants market owing to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. The UK electronics market is expected to showcase an annual growth rate of 7.26% in the coming years which will increase demand for sealants. Moreover, the rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, would like to propel the UK sealants market. In addition, sustainable growth of the locomotive, marine, and DIY industries would like to foster the demand for sealants in the United Kingdom during the forecast period.
• Sealants have considerable applications in the healthcare industry in which the United Kingdom has achieved significant development over the decades. Sealants are used in healthcare mostly for assembling and sealing medical device parts. Increasing demand for electric vehicles due to favorable government policies, along with consumer preferences for lightweight vehicles, will gradually influence the demand for sealants.

Competitive Landscape

The United Kingdom Sealants Market is moderately consolidated, with the top five companies occupying 47.94%. The major players in this market are Arkema Group, Dow, Henkel AG & Co. KGaA, Sika AG and Soudal Holding N.V. (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.