Construction Sealants Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCH1158 | Last Updated On: Jun 22 2022 | Available Formats

> Global Construction Sealants Market Expected to reach a high CAGR By 2029: DataM Intelligence

Global Construction Sealants Market is segmented By Resins Type (Silicone, Polyurethane, Polysulfide, Others), By Application Type (Glazing, Flooring and Join Application, Sanitary and Kitchen Application, Others), By End Users (Residential, Industrial, Commercial), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029


Market Overview

The Global Construction Sealants Market is expected to grow at a high CAGR during the forecasting period (2022-2029).

Sealants, commonly known as sealing agents in the construction industry, are used to block heat, sound, dust, and fluid through apertures at joints in the building structures. They hold various properties and are particularly effective in the waterproofing processes to provide a barrier for moisture in the built structures, temperature & chemical stability, weather resistance, flexibility, and others. Sealants can also be used to provide acoustic and thermal insulation and fire barriers.


Market Dynamics 

The global Construction Sealants Market is primarily driven by heavy investments in the infrastructure in developing nations like China and India. These countries are the two most populated countries of the world and have been witnessing rapid urbanization. Construction in these countries is at an all-time high because of the majority of the population moving to urban areas. This shift will require more residential and commercial building construction, therefore, fueling growth in the construction sealants market in the region. Moreover, high durability & strength, high flexibility, high-temperature resistance and other advantages of the construction sealants has also attracted the attention for its usage in the construction industry. 

In the Middle East and Africa, there are lots of big construction projects whether residential or commercial are being developed in the region. In 2018, the total value of the Saudi Arabian capital projects is estimated to approximately $1 trillion. At the same time, the U.A.E. comes second with capital projects of ~$700 billion, while Egypt and Kuwait are the following two with ~$570 billion and ~$200 billion respectively. Therefore, fueling growth in the market.

However, the strict environmental regulations in various countries will be hampered the growth of Construction Sealants.

Market Segmentation

By Resins type, the global Construction Sealants Market is segmented into Silicone, Polyurethane, Polysulfide, and others. Silicone sealants have the dominant position in the Construction composite market due to its properties such as high strength, flexibility, excellent durability, UV and moisture resistance along with rising consumer awareness about environmental issues and shifting trends towards green construction materials and is expected to retain its dominance in the forecasted period. However, polyurethane sealants will also be expected to grow their share in the forecast period due to strong application scope in flooring and joining for bridges, tunnels, and bridges. It is expected that Silicone Sealants will grow at a CAGR of ~XX% during the forecast period.

By application, the global Construction Sealants Market is segmented into Industrial, Commercial, Residential. Construction sealant materials have higher dominance in the industrial application followed by residential application of construction sealants and its share is to increase due to the population growth leading to the demand of dwelling place for the population, while Commercial application is also expected to grow in the forecasted period. And heavy investment in China for building up of the industries has also shown significant growth for the industrial market as well.


Geographical Analysis

By geography, the global Construction Sealants Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and Middle East and Africa (MEA).

APAC holds the largest market share for Construction Sealants Market due to economy rise and rising activity in infrastructure and industrial development in the developing nation like China and India has high demands for construction sealants and has made APAC to hold most of the market share. However, North America is after APAC in terms of market share of Construction Sealants Market, due to large investment for the infrastructure development and also due to increase in the urban population, increasing the demand in residential construction. 

In the Middle East and Africa (MEA) region the middle east countries are expected to increase the market for the construction composite market as the activities for the construction is planned by the government. For instance, the government of Qatar is planning to spend over US$ 200 billion as part of a major infrastructure investment scheme between 2016 to 2022 as they are hosting the FIFA world cup 2022. The World Cup is expected to cost about US$ 30 billion, with stadiums accounting for US$10 billion. Africa’s demand for construction will also subsequently increase due to the rise in the economy which attracts more investments in infrastructure for the forecasted period 2019-2026.


Competitive Analysis 

Key players are adopting strategies such as Acquisition, new product launches, and investment in R&D to stand out as strong competitors in the market. The major players include Sika, H.B. Fuller, Wacker Chemie, Evonik Industries, and Bostik. Other key players in the market include 3M, Henkel, BASF SE, Arkema, Dow Chemicals, and Tremco.

In December 2018, Sika acquired Arcon Membrane Srl, a leading manufacturer of roofing and waterproofing systems in Romania. By acquiring Arcon, Sika significantly strengthed its position in the Romanian market and extend its product portfolio to meet the increasing demand for complete solutions in the roofing and waterproofing markets. The acquired business generates annual sales of CHF 23 million. The transaction is subject to approval by the Romanian anti-trust authority. With the acquisition of Arcon Sika will become the clear market leader in the Romanian roofing and waterproofing markets.

In September 2017, H.B. Fuller Company (NYSE: FUL) signed an agreement to purchase Royal Adhesives & Sealants, a leading manufacturer of high-value specialty adhesives and sealants. This business consistently delivers industry-leading growth rates, EBITDA margins, and free cash flow that are expected to enhance H.B. Fuller’s position as a global leader in the adhesives industry. With this acquisition, H.B. Fuller will gain product technology and add people and skills that will result in a more capable and dynamic company for customers and employees. H.B. Fuller remains committed to maintaining its current dividend and rapid deleveraging using the significant free cash flow it expects to have available for this purpose.

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