Global Sealants Market Set to Reach $16.6 Billion by 2030 with a Steady CAGR of 4.9%: Building & Construction Drive Growth - ResearchAndMarkets.com
The "Sealants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global Sealants market is poised for impressive expansion, with estimated revenues of US$11.3 billion in 2022, and a projected surge to US$16.6 billion by 2030. This substantial growth is anticipated at a steady CAGR of 4.9% over the analysis period spanning 2022 to 2030.
Silicone and Polyurethane Segments Take the Lead
Within the Sealants market, the Silicone segment stands out, projected to achieve a remarkable 5.6% CAGR, reaching a value of US$6.4 billion by the end of the analysis period. The Polyurethane segment is not far behind, with estimated growth at a solid 5% CAGR over the next eight years.
Global Leaders and Geographic Highlights
The United States Sealants market is estimated at a significant US$2.5 billion in 2022, highlighting strong growth prospects. Meanwhile, China, as the world's second-largest economy, is set to reach an impressive projected market size of US$3.7 billion by 2030, driven by a compelling CAGR of 6.8% from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each forecasted to experience steady growth at 3% and 4%, respectively, during the 2022-2030 period. Within Europe, Germany is expected to grow at a solid 3.8% CAGR.
Key Competitors
- 3M
- Alfa International
- AVERY DENNISON CORPORATION
- BASF SE
- BENSON POLYMERS
- Bostik
- Carlisle Companies Inc.
- Dow Chemicals
- FRANKLIN INTERNATIONAL
- H.B. Fuller Company
- Henkel Ag & Co. KGaA
- Illinois Tool Works Inc.
- ITW Polymers Sealants
- Mapei
- PARAMELT B.V
- RPM International Inc.
- Sika AG
- Solvay
- Wacker Chemie AG
- YOKOHAMA INDUSTRIES
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Building & Construction Sealant Market to Drive Long Term Growth
- Market Fortunes Intrinsically Tied to the Global Construction Industry
- Recovery in Global Construction Sector to Post Gains in Long Term
- World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
- Global Value of Megacity Construction Projects (US$ Billion) in 2019
- Trends in the Construction Industry Influence Market Uptake
- Rising Investments in Infrastructure Projects Strengthens Market Prospects
- Global Infrastructure Spending (in US$ Trillion) by Region/Country Over the Period 2010-2030
- Global Infrastructure Spending Estimates (in US$ Trillion) by Sector Over the Period 2013-2030
- Focus on Green Construction Techniques to Boost Market Demand
- Trend Towards Green Construction Fuels Emergence of Sustainable Sealant Solutions
- Anticipated Strong Construction Activity in Developing Countries to Spur Growth for Polyurethane Sealants
- Bituminous Sealants and Caulks: A Popular Choice in Infrastructure Renovation
- Sealants find Growing Application for Structural Glazing
- Adhesive and Sealants Aid EU Construction Sector to Lower Carbon Footprint
- Recovery of Automotive Industry Activates Fresh Growth Opportunities for Sealants Market
- Comparison of Various Automotive Sealant Solutions
- Recap of COVID-19 Impact on the Automotive Industry in 2020
- Global Automobile Production (In Million Units) for the Years 2011 - 2021
- Outlook for 2022 Remains Positive
- Growing Focus on Light Weight Models Drive Strong Business Case for Sealants
- Breakdown of Automotive Material Mix: 2022E
- Lightweighting Trend in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016, 2019 and 2023E
- Sealants Gaining Increased Acceptance in Medical Applications
- Surgical Sealants Market
- Select Sealant Materials & their Applications in Surgical Applications
- Hemostats Tissue Sealants Set For Impressive Growth
- Potential Market for Surgical Adhesives and Sealants (2023E): Percentage Share Breakdown of Global Surgical Procedure Volume by Type
- Dental Sealants Market Increasing with Dental Health Awareness
- Use of Non-aerosolizing Procedures for Caries Prevention Recommended amid the Pandemic
- Aerospace - A Potential Market for Sealants
- Global Commercial Aircraft Fleet Size (in Units) by Geographic Region for the Years 2019 & 2039
- Expanding Alternative Energy Market Bodes Well for Sealants Demand
- Global Energy Generation Mix (in %) for 2018 and 2050
- Novel Sealant Solutions Need of the Hour in Flexible Packaging Industry
- Industrial Sealants Beneficial for Various Industrial Applications
- Silicone Sealants - The Major Sealant Technology
- Need for Innovative Products and Growth of Construction Industry Bode Well for Silicon Sealants Market
- Recent Sealant Developments: A Review
- Hybrid Sealants Gain Prominence
- Select Product Innovations: Spearheading Growth
- Eco-Friendly Sealants Rise in Popularity
- Low VOC Sealants Gain High Acceptance
- Key Challenges
- Raw Material Availability and Pricing - Crucial for Sealant Manufacturing
- Environmental Concerns
- Sealant's Inability to Contain Extreme Temperatures
- Stringent Regulations Pertaining to VOC Emissions
- Regulatory Concerns for Medical Sealants
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/sqwi7q
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View source version on businesswire.com: https://www.businesswire.com/news/home/20231005258921/en/
