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Outdoor Sealants Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: June 2024 || SKU: CH3244
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Global Outdoor Sealants Market is segmented By Type (Water-Borne, Solvent-borne, Reactive, Hot- Melts), By Application (Building and Construction, Automotive and Transportation, Paper and Packaging, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

 

Outdoor Sealants Market Overview

The Global Outdoor Sealants Market is expected to grow at a high CAGR during the forecasting period (2023-2030).

An outdoor sealant is a material that is primarily used to prevent the flow of liquids inside the surface or joints by forming a mechanical fastener. It is sometimes interchangeable with caulking in construction and also serves different objectives such as blocking the transmission of dust, sound, and heat. There are several types of sealants available to serve various industrial requirements. For instance, an acoustic sealant is used for soundproofing, silicone sealants to prevent UV fading and temperature resistance, while adhesive sealants are perfect for forging a solid bond between two surfaces.

Outdoor Sealants Market Scope

Metrics

Details

Market CAGR

High

Segments Covered

By Type, By Application and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

Asia Pacific

 

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Outdoor Sealants Market Dynamics and Trends

High demand for different varieties of sealants for the buildings & construction application, assembly lines, automobiles, and packaging industries, along with their swiftly expanding range of implementation, are the crucial variables that stimulate development, thus propelling the global outdoor sealants market towards growth.

Increasing Demand for sealants in the construction industry

Due to the fast sealing capabilities of outdoor sealants along with their greater binding strength on substrates, outdoor sealants is expected to cater to enormous applications in the construction industry in the near future. The waterproofing sealants are mainly used for outdoor applications such as terraces, balconies and other parts of buildings. The growing residential and commercial construction activities in the Asia Pacific and the US is expected to lead to an increase in the growth of the outdoor sealants industry. Increasing investments in infrastructural development activities such as bridges, airports, dams, and metro stations are also increasing the demand for sealants for flooring, expansion joints, panels, and other applications.

Rising urbanization and disposable income in emerging economies

The increase in demand for permanent, non-slum houses across the countries such as Brazil, China, Indonesia, India and Vietnam is primarily driven by the growth in urbanization, population and rising income. Therefore, this rapid growth in residential housing in these countries is driving the outdoor sealants market. The rise in disposable income, urbanization and population growth along with the government investments to improve the living standards and for economic growth are expected to augment the demand for outdoor sealants for various applications. Furthermore, increasing demand for packaged food products is expected to support the market growth.

COVID-19 Impact Analysis on Outdoor Sealants Market

COVID-19 has moderately impacted supplies of raw materials for the outdoor sealants. The packaging industry has witnessed strong demand during the pandemic. Amidst the pandemic, the market has witnessed considerable growth across several applications, such as microwavable foods, flexible packaging, pet food packaging, beverage packages and containers, and any end-of-line case and carton packaging. Commercial construction (new buildings & refurbishments), infrastructure projects, and road construction and repair are industries that have witnessed a modest decline. Also, industrial manufacturing was highly impacted due to the COVID-19 outbreak.

Outdoor Sealants Market Segmentation Analysis

Based on the type, the global outdoor sealants market has been classified into water-borne sealants, solvent-borne sealants, reactive sealants, and hot-melt sealants.

The water-borne sealants segment accounted for the highest market share in the global market

Due to the eco-friendly product formulation, the water-borne sealants segment recorded the largest market share in 2019. Moreover, the zero- or reduced emissions of VOCs (Volatile Organic Compounds) from these products is expected to be a prominent factor that is envisioned to drive the market growth during the forecast period. The growth in green building construction has increased the concern about the quality of construction which is increasing the demand for water-borne sealants. Furthermore, stringent environmental regulations imposed by various regulatory bodies such as REACH (Registration, Evaluation, Authorisation and Restriction of Chemicals) and EPA (Environmental Protection Agency) and favorable government policies are expected to augment the market growth.

Based on the application, the global outdoor sealants market has been classified into building and construction, automotive and transportation, paper and packaging, and others

Paper and Packaging segment dominated the Global Outdoor Sealants Market in 2019

Fast-paced lifestyle and increasingly middle-class population along with increasing disposable income are stimulating expansion in the paper and packaging industry across the globe particularly in the Asia Pacific region. It is anticipated to increase the market for outdoor sealants as the higher consumption requirement enters packaging applications, such as envelopes, carton boxes, carton closures, bags, disposables and others.

Outdoor Sealants Market Geographical Share

Based on geography, the study analyzes the outdoor sealants market in the global market, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Asia-Pacific to lead the global market throughout the forecast period

Asia-Pacific was the leading consumer and producer of outdoor sealants in 2019 and is expected to witness significant growth during the forecast period driven by high demand from the building & construction and paper & packaging sector. The growth in the outdoor sealants market in Asia-Pacific is due to the increase in foreign investments, owing to the cheap labour and availability of raw materials in the region. Moreover, the government initiatives to improve manufacturing and rising capital-intensive non-residential construction, increase in the construction of end-use industries, such as steel manufacturing plants, aviation manufacturing plants, new service centres, wind power plants, oil processing plants, high-speed rail lines, airport expansions, and thermal and nuclear power plants are expected to drive the outdoor sealants market in the Asia Pacific. Furthermore, increasing automobile production in countries such as India, China and ASEAN countries is expected to support the market growth in the region.

Outdoor Sealants Market Companies and Competitive Landscape

The outdoor sealants market is highly competitive. The key outdoor sealants market players which are contributing to the growth of the global market include Henkel (Germany), 3M (US), H.B. Fuller (US), Bostik (US), ITW Performance Polymers (US), Sika (Switzerland), Mapei (Italy), RPM (US), Dow (US), Longkou City Tainyucheng Plastics Co., Ltd. (China), Foshan Chngoo Co. Ltd. (China), and Shanghai Siway Curtain Material Co. Ltd. (China)

Henkel

Overview: Henkel is a global manufacturer of industrial, commercial, and consumer chemical products include polyurethane and laminating adhesives, corrosion inhibitors and surface treatments, Sealants, labelling for glass and PET plastic bottles, wallpaper adhesives, hair dye, skincare products, soaps, dishwashing soaps, perfumes, detergents, glass cleaners, and roofing products. Furthermore, Henkel Adhesive Technologies is the global leader in the adhesives market – across all industry segments. The company was founded in 1876. In 2020, Henkel reported net sales of USD 15.7 billion and USD 2.11 billion of operating profit. Henkel employs about 53,000 people globally. The company offers a variety of applications and services to satisfy the needs of different customers.

Product Portfolio: Henkel in India operates in two business areas: adhesive technologies and beauty care, both in the business-to-business realm.

Why Purchase the Report?

  • Visualize the global outdoor sealants market segmentation composition by type, application, and region, highlighting the critical commercial assets and players.
  • Identify commercial opportunities in the global outdoor sealants market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of global outdoor sealants market - level 2 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

The global outdoor sealants market report would provide access to an approx. 54 market data tables, 47 figures and 180 pages.

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
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FAQ’s

  • The segments are By Type, By Application and By Region.

  • Major players are 3M, H.B. Fuller, Bostik, ITW Performance Polymers, Sika, Mapei, RPM, Dow, Longkou City Tainyucheng Plastics Co ltd, Foshan Chngoo Co, Shanghai Siway Curtain Material Co. Ltd.

  • Asia Pacific is the Largest Market Share in Outdoor Sealants Market.

  • The application in Building and Construction, Automotive and Transportation, Paper and Packaging, Others.
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