Global Building And Construction Sealants Market by Technology (Water-based, Solvent-based), by Resin Type (Polyurethanes, Silicones) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2017, the global market for building and construction sealants was valued at USD 7.01 million. The market is expected to grow at 6.1% between 2017 and 2025. The market is expected to grow due to increased demand for fire protection, insulation, soundproofing and cable management.

Sealants can be used in a variety of ways, including glazing, flooring, windows and walls, as well as ceilings and walls. They are resistant to extreme temperatures, weather changes, fire and flames. They are ideal for glazing because they offer a fast adhesion and a strong bond that can withstand the wide range of movement caused by a variety of window and building designs.

The raw materials for making sealants are resins, solvents and mineral fillers. These materials are affected by many factors, including regional demand and supply fluctuations, GDP growth rates and currency fluctuations, production outages and unpredictable geopolitical conflict. Many market players are investing heavily in R&D and technological innovations in order to lower operating costs and improve efficiencies.

The development of sustainable and eco-friendly sealants has been encouraged by rising environmental concerns and positive regulations from agencies like the Environmental Protection Agency (EPA), and the Registration, Evaluation, Authorization and Restriction of Chemicals(REACH) regarding carbon emissions. Trends such as the construction of green buildings or the use of light chemicals will provide lucrative growth opportunities.

Sealant manufacturing is experiencing a fiercely competitive market. Market players are constantly working to lower manufacturing costs and create new design & assembly methods. The key players in the market for building and construction sealants are Dow Chemicals SE, BASF SE and The 3M Company.

Resin Type Insights

In terms of revenue, the silicone segment commanded 35.5% of the market share. They are well-known for weatherproofing and sealing joints of structural components. They prevent elements from interlocking and provide long-lasting quality.

The section of polyurethane is expected to experience the fastest volume-based CAGR of 6.0% during the forecast period. Many industries use polyurethane sealants, especially in the automotive and construction sectors. They are used primarily to seal fuel tanks and other surfaces that are exposed to oil or corrosive substances.

These products have high flexibility and good peel resistance, which has driven the growth of the segment of plastisol sealants. Their tendency to fail under heavy loads and to be sensitive to heat restricts their market growth.

Emulsion sealant can be used as a single-component system without the need for a primer. It has excellent adhesion properties and is easy to use. It can be painted and has good UV radiation resistance. Its versatility and low cost are two of its main advantages. They are also easy to skin and pack well.

Technology Insights

With a 45.9% volume share, the water-based sealant segment dominated the market in 2017. Its long-lasting bondability will likely drive its use in construction and woodwork projects during the forecast period. It does not typically require a caulking gun, and is thus preferred in many industries. Another reason it is widely used in indoor activities is its low odor.

In terms of revenue, the reactive and other sealants will grow at 6.1% CAGR over the forecast period. Low modulus reactive silicon sealants can be useful and relatively inexpensive. It can adhere to many different building substrates, and is therefore preferred by many companies worldwide.

Solvent-based building and construction sealants are great for bonding different materials. They provide excellent adhesion stability. These sealants are more durable and have a higher tensile strength. They are used to bridge the gaps between materials or remove any unevenness between substrates.

Application Insights

In terms of volume, the flooring industry is expected to grow at a 6.0% CAGR. Many wood flooring sealants are eco-friendly and provide sound dampening effects. They are popular for subfloor heating. These sealants are suitable for timber floors because they provide a rigid grab, improvised bonding strength and increased hardness.

In terms of revenue, the roofing segment will be second with 19.8% market share in 2017. Roof sealants can withstand extreme weather conditions, which expands their application range in both residential and commercial sectors. Polyurethane sealants have been increasingly used for roofing and facade purposes due to their fast setting and flexibility to bond.

Walls and ceilings are another area of application for the product. This includes sectors like angle intersections, which fall under wall panels and tile. Sealing walls and ceilings, including those with angle intersections, requires durable and long-lasting products. Manufacturers are looking for innovative products that can meet the complex requirements of soundproofing ceilings.

Window sealing is an important application area of the product. To prevent water and air intrusion into buildings, innovative construction sealants can be created. Window sealants are used for both new and restoration projects.

Function Insights

In terms of revenue, the bonding function will capture a substantial market share of 30% in 2017. For bonding ferrous and nonferrous plates to windows, construction sealants are widely used. These sealants can also be used to bond decorative panels and tabletops that have metal or wood surfaces.

In terms of volume, the protection segment will grow at a 5.5% CAGR. The product's most important function is fire protection. This segment is expected to grow due to increased awareness about building safety over the forecast period.

Because of their exceptional insulation properties, polyurethane sealants can be used in many applications. To ensure greater durability and resistance to crosswinds, companies are expanding their product lines to include foam sealants in windows and doors. They are excellent in insulation and help improve indoor air quality by preventing any air leaks. This helps to reduce greenhouse gas emissions.

Acoustic sealants are used to soundproof seams. These sealants are non-flammable and reduce sound transmissions. It can be applied to concrete, metal studs and gypsum boards. The product stays flexible and sticks to the surface. These products seal off airborne sounds and prevent air infiltration.

End-use Insights

The largest end-use segment on the global market is residential complex. This segment holds the largest market share, 48.8% in terms of revenue in 2017. Global residential property infrastructure development will experience a steady CAGR in the future. Growth is driven by the rising population and increased demand for luxury homes.

In terms of volume, the commercial use will see a 5.3% CAGR during the forecast period. The growing number of businesses around the world will likely facilitate the construction and expansion of commercial buildings. Many polyurethane sealants can be used in a variety of applications, including for internal and external remodeling or restructuring.

The industrial sector is a key contributor to GDP and economic growth. Many government initiatives in North America, Europe, Asia Pacific and Europe are focused on industrial development to increase employment and stabilize the economy. This will fuel the construction industry and, in turn, increase the use of sealants over the coming years.

Distribution Channel Insights

With a market share at 82.5% in 2017, the direct distribution channel was estimated to be the most profitable. Companies rely on reliable and strong supply chains to keep them in business. In developing countries, the demand for construction sealants has been growing rapidly. This has led to stable supply chains being established by manufacturers to meet the increasing demand.

Third-party distribution is expected to grow at a 5.2% CAGR over the forecast period. The demand for the product remains flat in regions with low construction activity, such as residential or commercial complexes. Sealants are urgently needed. This requires a third-party distribution channel with strong regional presence that is cost-effective and efficient. These distribution channels are a key focus for companies located in these regions to improve efficiency and save money.

Regional Insights

Asia Pacific saw the greatest adoption of construction sealants in 2017, accounting for 40% market share. The forecast indicates that it will be the fastest growing region. Growth is primarily driven by the rapidly expanding construction industry in India, China and Indonesia.

With a CAGR in revenue of 8.0%, South America and Central America will be the fastest-growing regions during the forecast period. The region's growth will be influenced by initiatives such as the 2007 introduction of Leadership in Energy and Environmental Design certification (LEED), and the efforts to develop green buildings through initiatives like the Green Building Council Brasil, which are expected to have a positive impact on the future.

Europe is expected to be a major contributor to the market by 2025. The European Commission, responsible for regional construction activities, is consolidating the market to improve performance and increase profitability. The region's market for bio-based construction sealants will be driven by strategies such as Construction 2020 and EU Construction and Demolition Waste proposal.

Market Share Insights & Key Companies

Global market players include Dow Corning, Dow Corning and Sika AG. These major players have consolidated the market. The increasing demand for renewable technologies is expected to drive new products and revenue generation opportunities for the companies.

To remain competitive on the market, key players have adopted significant strategies such as partnerships, collaborations and new product launches.

Building and Construction Sealants Market Report Scope

The Report Covers Certain Segments

This report forecasts volume and revenue growth at the global, national, and regional level. It also provides analysis of industry trends for each sub-segment from 2014 through 2025. Grand View Research segmented the global market for building and construction sealants based on resin type, technology and function.

• Resin Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Silicone

  • Polyurethane

  • Plastisol

  • Emulsion

  • Polysulfide

  • Butyl-based

• Technology Outlook (Volume of Kilo Tons; Revenue USD Million, 2014-2025)

  • Water-based

  • Solvent-based

  • Reactive

  • Other

• Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Flooring

  • Packaging

  • Food & Beverages

  • Construction

  • Automotive

  • Other

• Function Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Bonding

  • Protection

  • Insulation

  • Glazing

  • Soundproofing

  • Cable management

• End-use Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Residential

  • Industrial

  • Commercial

• Distribution Channel Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

  • Direct

  • Third-party

• Regional Outlook (Volume and Tons; Revenue USD Million, 2014-2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global building and construction sealants market was valued at USD 7.7 billion in 2019, and is forecast to grow to USD 8.2 billion by 2020.

b. Global building and construction sealants market will grow at 6.1% compound annual growth rate between 2019-2025, to reach USD 11.2 billion by 2025.

b. Silicone Sealant was the market leader in building and construction sealants with a 35.3% share in 2019. It is a highly efficient sealant that weatherproofs and weatherproofs joints of structural components. This contributes to long-lasting quality.

b. Sika AG and Dow Corning are some of the key players in the market for building and construction sealants.

b. The market is growing due to rising demand for insulation, soundproofing and bonding.

Up Market Research published a new report titled “Building And Construction Sealants Market research report which is segmented by Technology (Water-based, Solvent-based), by Resin Type (Polyurethanes, Silicones), By Players/Companies business expansion, new product launches, collaborations, partnerships”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Building And Construction Sealants Market Report Segments:

The market is segmented by Technology (Water-based, Solvent-based), by Resin Type (Polyurethanes, Silicones).

Building And Construction Sealants Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Building And Construction Sealants Market

Overview of the regional outlook of the Building And Construction Sealants Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Building And Construction Sealants Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Building And Construction Sealants Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Water-based

                2. Solvent-based

                1. Polyurethanes

                2. Silicones

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Building And Construction Sealants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Building And Construction Sealants Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.