Sealants Market-Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Resin Type (Silicone, Polyurethane, Polysulfide, Acrylic, Latex, and Others), By End User Industry (Building & Construction, Packaging, Automotive, Electronics, Marine, Pharmaceutical, and Others) By Region, and CompetitionSegmented By Resin Type (Silicone, Polyurethane, Polysulfide, Acrylic, Latex, and Others), By End User Industry (Building & Construction, Packaging, Automotive, Electronics, Marine, Pharmaceutical, and Others) By Region, and Competition 2018-2028

Global Sealants Market is projected to grow at an impressive rate through 2028 due to the increasing demand in the construction industry because of its application such as weather sealing, waterproofing, and crack sealing. In 2021 United States spent almost USD 1.5 trillion on the construction industry.  

Sealant is a semisolid substance used to prevent liquid leakage; the sealant is a synthetic mixture that joins two surfaces to form a single unit. Sealants are created using comparable synthetic materials and inventions and used for a related range of purposes. Despite being regarded as a separate industry, their appearance is consistent across all end applications. Sealants cover voids and prevent substrates from developing in general. They often have less strength than adhesives but a more notable degree of versatility. They are commonly used in industries such as construction, automotive, aerospace, and manufacturing. Sealants are essential for preventing leaks and maintaining the durability of structures and components.

Sealants come in various forms, such as liquid, paste, and tape, and can be made from a range of materials, including silicone, polyurethane, polysulfide, and others. Each type of sealant has its unique properties, such as adhesion, flexibility, and durability, which make them suitable for specific applications. The silicone sealant type segment is predicted to dominate the global sealants market, followed by modified silane polymer. Due to the increasing demand from various end-use industries, such as the hardware and electrical, and automotive industries, these sections are expected to grow significantly throughout the projected time. The advantages of silicones and polyurethanes are combined in sealants based on modified silane polymers, which also do away with all their drawbacks. For repairing the side panels of trailers and cars, such as assembling parts, trucks, windows, and doors, adjusted silane polymer sealants are the preferred option.

Growing Demand from The Construction Industry

Numerous opportunities are expected to arise in the building and construction area. Rapid technological and architectural innovation is occurring in this area of the sealant market. Airports, mining operations, transportation routes, and even residential construction are undergoing significant changes to meet evolving norms and requirements. In the construction industry, sealants are used to seal joints, gaps, and cracks in buildings, protecting them from moisture, air, and temperature fluctuations. They are also used for soundproofing, thermal insulation, and improving energy efficiency. Sealants in construction play a crucial role in ensuring the longevity of the structure, reducing maintenance costs, and improving safety. The main types of sealants used in the construction industry are silicone sealants, polyurethane sealants, and acrylic sealants. Hence, there is promising demand in the construction industry to meet the demand for urban and rural homes. The market for Sealants is anticipated to be driven by the expanding construction industry. Because it gives a good level of water repellency, enhances texture, has anti-settling qualities, and offers abrasion resistance, Sealants is used in paints and coatings. Emulsions made from Sealants improve texture and prevent color fading.

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Increasing Demand from Packaging Industry

Increased demand for FMCGs, pharmaceutical supplies, and other consumer durables has increased the need for packaging and hence, use of sealants in packaging industry. The main types of sealants used in the packaging industry are adhesive sealants, hot melt sealants, and pressure-sensitive sealants. Adhesive sealants are used in applications where a strong, permanent bond is required, such as the sealing of pouches, bags, and tubes. Hot melt sealants are used for high-speed packaging applications, where a quick-setting, high-strength seal is needed, such as the sealing of cartons and boxes. Pressure-sensitive sealants are used in applications where a temporary or removable seal is required, such as the sealing of labels and stickers. These factors, together with growing urban populations, are to blame for the increase in packaging requirements. According to the Flexible Packaging Association, more than 60% of the market comprises flexible packaging for food. The demand for flexible packaging is growing swiftly because it has the potential to offer novel solutions to many packaging issues. IBEF further notes that the food processing industry, which accounts for 32% of India's total food market and ranks fifth in production, consumption, and exports, is one of the country's most important industries, with 70% of revenues coming from retail.

Growing Technological Advancement

With the rise of e-commerce companies, there is rising demand from numerous sectors, and several aggressive market players are concentrating on raising Sealants output, assisting in the market's expansion. Market participants compete to maintain an edge over rivals. To investigate cutting-edge methods for manufacturing Sealants, scientists from industrialized nations are expanding their research activities in polymer science. As a result of which, In the automotive industry, sealants are used for sealing various components such as windows, doors, hoods, trunks, and the engine compartment. They prevent water and air leaks, reduce noise, and improve overall performance. Sealants in the automotive industry are also used for protecting sensitive electrical components, such as sensors and wires, from moisture and other contaminants. In the aerospace industry, sealants are used for sealing fuel tanks, hydraulic systems, and other components. The sealants used in the aerospace industry must meet stringent requirements such as resistance to high temperatures, chemicals, and pressure changes. Sealants are also used in various manufacturing processes, such as electronics, appliances, and consumer goods. They play a vital role in ensuring product quality and preventing damage from external factors. Technological advancements are accelerating the growth of the Sealants market. Market expansion is accelerating across Asia, particularly in China and India. The market is expected to develop due to the surge in demand for affordable Sealants.

Recent Developments

• In 2019, Sika AG launched a new line of bio-based sealants made from renewable raw materials. This is a result of the demand for eco-friendly and sustainable products that have increased in recent years, and with innovative products, the sealants industry is meeting the demand of the market. In 2019, Sika AG launched a new adhesive and sealant product called SikaBond-T21. The product is designed for use in the flooring industry and provides a strong, flexible, and moisture-resistant bond.
• In 2018, 3M Company introduced a new line of UV-curing sealants that are suitable for bonding glass and metal surfaces.
• In 2020, Henkel Corporation launched a new high-strength construction adhesive and sealant called Loctite PL Max Premium. The product is designed for use in heavy-duty applications and provides a strong, durable bond.

Capacity Expansions

• In 2019, Henkel Corporation announced a $45 million investment in expanding its adhesives and sealants production facility in Connecticut, USA, which included the addition of new equipment.
• In 2019, BASF SE introduced a new manufacturing process for its hybrid sealants that reduced energy consumption and carbon dioxide emissions.
• In 2018, Sika AG announced the opening of a new manufacturing facility in Peru, which increased the company's production capacity for sealants and adhesives in South America.

Market Segmentation

Global Sealants market is segmented by resin type and end user. Based on resin type, the market is divided into silicone, polyurethane, polysulfide, acrylic, latex, and others. Based on end user, the market is segmented into building & construction, packaging, automotive, electronics, marine, pharmaceutical, and others.

Market players

BASF SE, Henkel AG, DOW Corning Ltd., Huntsman Corporation, Sika AG, Mitsui Chemicals, H.B. Fuller Company, Honeywell International Inc., Bostik Inc. (Arkema), and 3M Company are some of the key market players.

Report Scope:

In this report, Global Sealants Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

• Global Sealants market, by resin type:
• Silicone
• Polyurethane
• Polysulfide
• Acrylic
• Latex
• Others
• Global Sealants market, by end-user:
• Building & Construction
• Packaging
• Automotive
• Electronics
• Marine
• Pharmaceutical
• Others
• Global Sealants Market, By Region:
• North America
• United States
• Canada
• Mexico
• Europe
• France
• Germany
• United Kingdom
• Italy
• Spain
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• South America
• Brazil
• Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies in Global Sealants Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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