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, Lat
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSealants 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, Lat
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.
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
Download Free Sample Report Increasing Demand from Packaging Industry
According to the Flexible Packaging Association, more than 60% of the market comprises flexible packaging for food.
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.
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.
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historic
Data |
2018 –
2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022
and 2024-2028 |
|
Report
Coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
Covered |
Resin
Type End
User |
|
Regional
scope |
North
America; Europe; Asia Pacific; South America; Middle East & Africa |
|
Country
scope |
United States, Canada, Mexico; China, India, Japan, South
Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil, South
Africa, UAE, Saudi Arabia, Turkey, and Egypt. |
|
Key
companies profiled |
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 |
|
Customization
scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
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