Building & Construction Sealants Market Size, Share & Industry Analysis, By Material Type (Latex acrylics, Butyl sealants, Polysulfides, Polyurethane, Silyl Modified Polymers, Silicones, Others), By Sealant Types (One-Component Sealants, Two-Component Sealants, Sealant Tapes), By Application (Flooring, Sanitary & Kitchen, Glazing, Acoustics (limit sound transmission), Roofing (Waterproofing & gap filling), Others) Others and Regional Forecast, 2024-2032

Sealants are widely used to seal assemblies & joints. Sealant materials need to have excellent adhesion along with resistance to environmental conditions to ensure prolong durability and performance. Sealants fall under either high strength adhesives or very low strength caulks & putties. Caulks & putties serve only a single function i.e. fill up space & voids. Whereas, sealants play multiple roles like moisture retention & prevention, sealing, thermal and acoustical insulation, etc.

On the basis of material type, building & construction sealants market is segmented into latex acrylics, butyl sealants, polysulfides, polyurethane, silyl modified polymers (SMP), silicones and others. On the basis of sealant type, Building & Construction Sealants market is segmented into one-component sealants, two-component sealants, and sealants tapes. On the basis of application, building & construction sealants market is segmented into flooring, sanitary & kitchen, glazing, acoustics (limit sound transmission), roofing (waterproofing & gap filling), and others.

Key Market Driver -

The blooming building & construction industry in the developing economies to bolster the market growth.

Key Market Restraint -

Regulatory changes & emergence of eco-friendly substitutes to impact the conventional building & construction sealants market

From a geographical standpoint, the market is categorised into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key market Drivers- Asia Pacific & Latin America regions are witnessing healthy growths in the building & construction industry on the back of developing economies in the region. Furthermore, the rising disposable income is also boosting the construction industry in the region that in-turn is propelling the sealants market growth. With the advent of new sealant materials like silyl modified polymers (SMP), that are low in VOC constituent and isocyanates, the building & construction industry is getting shaped in new way and moving towards greener technology.         

Key market restraints- Regulatory changes around the world and emerging substitutes such as bio-based sealants for conventional sealant materials is hampering the market growth. The lawmakers around the world are promoting the use of greener technology that has hampered the market in the recent years.

Key Players Covered:

The global Building & Construction Sealants market is highly fragmented with number of global & regional players operating in the market. Some of the leading manufacturers in the global Building & Construction Sealants Market include- SABA BV., Dow Chemical Company, Bostik (Arkema Group), Sika AG, 3M, Henkel AG & Co. KGaA, BASF SE, H.B. Fuller Company, Wacker Chemie AG, Pidilite Industries Limited, MAPEI S.p.A., Pecora Corporation, Soudal N.V. and Others.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the market


• New Product Launches, Expansions, Key Players


• Regulatory Landscape


• Porters Five Forces Analysis

Regional Analysis:

On geographical basis, Building & Construction Sealants market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific holds a prominent share in the global building & construction sealants market on the back of China, India, Japan, Thailand, Vietnam and other developing countries in the region. Rise of middle class is also adding to the industry growth in the region. Latin America is expected to witness health growths owing to the improving political & economic conditions in the region. 

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North America region is expected to grow moderately over the forecast period owing to the increased renovation activities in the region. Europe markets is expected to witness sluggish growth over the short term forecast due to low consumer confidence in the region. The uncertainties caused by the BREXIT has negatively impacted the market growth in UK. Middle East & Africa region remains the high potential zone for the building & construction sealants markets. The markets in more developed economies in the region such as GCC countries is expected to witness moderate growth, whereas the developing economies are expected to witness high growths.

Segmentation

Key Industry Developments

• September, 2019, Sika AG, specialty chemicals manufacturer headquartered in Switzerland, announced the acquisition of Crevo-Hengxin, a china based manufacturer of silicone sealants & adhesives. The Company is strengthening its market position is China and Asia-Pacific and also increasing its production capacities.  


• September 2019, Wacker Chemie AG, a chemical manufacturing company headquartered in Germany, successfully completed the capacity expansion of Dispersible Polymer Powders in Ulsan, South Korea. dispersible polymer powder is an important constituent in the manufacturing of building & construction materials specially binders. These are used in the manufacturing of construction adhesives and sealants.


• December, 2018, Soudal, a silicone, caulks, foam and adhesive manufacturer headquartered in Belgium, announced the acquisition of 2 independent distributors of sealants and adhesives, Holdfast NZ Ltd., New Zealand and Joints Oy, Finland.