Sealants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Sealants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market for sealants is expected to register a CAGR of over 4%, during the forecast period. One of the major factors driving the market studied is the rising popularity of dental and surgical sealants. However, stringent environmental regulations regarding VOC emissions are expected to hinder the growth of the market studied.

Key Highlights

• Building and construction segment dominated the market, and is expected to grow during the forecast period, owing to the increasing constructional activities in emerging economies.
• Increase in demand for automatic valves is likely to act as an opportunity in the future.
• Asia-Pacific dominated the market across the world, with the largest consumption coming from countries, such as China and India.

Key Market TrendsAccelerating Building and Construction Industry

• Sealants, owing to their characteristics and physical properties (such as good cohesion, adhesion, elasticity, high cohesive strength, flexibility, high elastic modulus of substrate, resistance to thermal expansion, environmental resistance to UV light, corrosion, salt water, rain, and other weathering conditions), have extensive use in the construction industry.
• They are mainly used to seal the joints and gaps between substrates. Hence, they are critical components of the construction industry. The chief purpose of sealants is to avoid air, water, and other elements from exiting or entering the structure.
• The pace of growth of the global construction industry stabilized in the recent past. However, it is expected to increase during the coming years, in regions, like the Middle East and Asia-Pacific.
• Construction is likely to be one of the most dynamic industrial sectors in the next 15 years, and is utterly crucial to the evolution of prosperous societies around the world.
• The volume of construction output is expected to grow by 85%, to USD 15.5 trillion, globally, by 2030, with three countries, namely, China, the United States, and India, leading the way and accounting for 57% of all global growth.
• Long-term demand is expected to be evinced across all regions, but with particular strength in South America and Asia, where major construction and infrastructure improvement projects are planned. In Europe, the construction industry is stabilized. However, it is not expected to continue to decelerate.
• The aforementioned factors are expected to increase the demand from the building and construction sector, during the forecast period.

Asia-Pacific is Expected to Dominate the Market

• Asia-Pacific dominated the market, with the largest consumption taking place in countries, such as China and India.
• India is a growing economy and holds great potential for future market opportunities. Despite the unfavorable global economic issues, robust urban consumption and increase in public investment have guided growth in the Indian economy.
• Industrial production, as well as the automotive, electrical & electronics, and manufacturing sectors, has seen increased growth, with commercial and government investments, as well as FDI involvement, driving the market for sealants in India.
• The major manufacturers of sealant in India are Arkema (Bostik), Ashland Inc., Henkel Ag & Co. KGaA, and 3M, among others. The end-user industries, such as the automotive, construction, and manufacturing industries, as well as the packaging industry, have seen increased growth with private and government investments, as well as FDI involvement, boosting the market for sealants at a larger scale, in India.
• The Chinese construction sector is expected to grow by 5.9% in the forecast period. China, as well as the global economy, was negatively impacted by the ongoing trade disputes. Local authorities resorted to increasing public investment in the infrastructure sector.
• All such aforementioned factors are expected to increase the usage of sealants in the Asia-Pacific region, over the forecast period.

Competitive Landscape

The sealants market is partially fragmented and dominated by very few players. Some of these major players include Henkel Ag & Co. KGaA, H.B. Fuller Company, ITW Polymers Sealants North America, 3M, and Sika AG, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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