The construction sealants market is expected to grow from USD 7.58 billion in 2022 to USD 11.28 billion in 2028, at a CAGR of 8.6% over the forecast period.
Sealants, commonly referred to as caulking in the construction industry, are used ubiquitously to block dust, heat, sound, and fluids through openings in joints in building structures. Sealants can provide sound and thermal insulation and can also be used as fire barriers. Asphalt and naturally occurring bitumen have been used as sealants for many centuries. Sealants include an inert filler material and are generally made of an elastomer to meet flexibility and elongation requirements. Sealants are generally present in a semi-liquid, viscous state with poor, to zero flow characteristics. Adhesion, corrosion resistance, and insolubility are some of the desirable properties of sealants that make them ideal for waterproofing in the construction industry.
Sealants, due to their physical characteristics and properties (such as good cohesion, adhesion, elasticity, high cohesive strength, flexibility, high modulus of elasticity of the substrate, resistance to thermal expansion, environmental resistance to ultraviolet light, corrosion, salt water, rain, and other weather conditions), are widely used in the construction industry and are mainly used to seal joints and spaces between substrates. Hence, they are essential components of the construction industry. The main purpose of sealants is to prevent air, water and other elements from entering or leaving the structure. The growth rate of the global construction industry has stabilized in the recent past. However, it is expected to increase over the next few years, in regions such as the Middle East and Asia-Pacific. Construction is likely to be one of the fastest-growing industrial sectors over the next 15 years and is absolutely crucial for the development of successful societies around the world. Long-term demand is expected to emerge in all regions, but particularly strong in South America and Asia, where major construction and infrastructure improvement projects are planned. In Europe, the construction sector has stabilized. However, it should not continue to slow down.
Construction sealants have a wide field of application. The main applications of construction sealants include glazing, flooring and gaskets, bathrooms and kitchens, among others. These applications are multiplying which subsequently drove the growth of the construction sealants market. The increasing penetration of sealants into new applications such as ductwork, anchor applications and structural glazing in the construction industry is driving the construction sealants market. The main applications of construction sealants are in kitchen, bathroom and window frames, expansion joints, floor systems, walls and panels. In changing weather conditions, they offer the ability to resist stress and prevent cracking. Growing investments in construction activities such as airports, bridges, dams and metro stations are also increasing the demand for sealants for floors, expansion joints, panels and other applications. Population growth, urbanization and rising incomes are mainly propelling the demand of the market. This rapid growth in residential housing in these countries is boosting the construction sealant market. The construction sealant market is showing significant growth due to the increasing application of floor sealers and expansion joints in commercial and residential building structures. In particular, in emerging economies, the high rate of residential building development is boosting the construction sealants market. In addition, environmental concerns leading to the development of light and green buildings are expected to show a substantial demand for building sealants around the world.
Global manufacturers of construction sealants strive to ensure safety and avoid health concerns associated with VOC emissions from chemicals. This affects the production capacities of manufacturers in the European and North American regions. Europe and North America are strictly regulated by environmental laws regarding the production of chemicals and petroleum products. Agencies such as the Epoxy Resins Committee (ERC), the European Commission (EC) and other regulatory bodies regulate the manufacture of solvent-based products in Europe and North America. These regulations limit the growth of the construction sealant. Government regulations in place in several countries for VOC emissions restrict market growth.
The growing demand for environmentally friendly, durable and low VOC sealants expands profitable opportunities for construction sealants market players during the forecast period 2022 - 2027. Environmental Protection Agency (EPA) and the Registration, Assessment, Authorization and Restriction of Chemicals (REACH), in terms of carbon emissions, have fostered the development of environmentally friendly and sustainable sealants. In addition, trends such as the construction of green buildings and the use of light chemicals are expected to offer lucrative growth opportunities.
Regulations on the use of building sealants are undergoing many changes, posing challenges for manufacturers of building sealants. For example, changes in the rules and standards imposed by the Construction Products Regulations (CPR) are of concern to manufacturers of construction sealants, as they determine the minimum (or maximum) performance levels for construction products. . Construction sealants currently available on the market are not very technologically advanced, and new products would require labeling and documentation to demonstrate compliance and additional external testing costs. One of the major challenges for the growth of the market is the stringent government regulations in various countries regarding the emission of volatile organic compounds. Impregnated foam tapes are an attractive alternative to traditional silicone sealants for installers and architects looking for a durable seal around doors and windows
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022-2028 |
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Base Year |
2022 |
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Forecast Period |
2023-2028 |
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CAGR |
8.6% |
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Segments Covered |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
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Market Leaders Profiled |
3M (U.S.), Bostik (France), Sika (Switzerland), H.B. Fuller (U.S.), Henkel (Germany), BASF (Germany), Dow (U.S.), Wacker (Germany), General Electric (U.S.), MAPEI (Italy), Asian Paints (India), ITW (U.S.), |
Resin Type:
The silicone segment is leading with the highest shares of the market. Silicone sealants are widely used for kitchen, bathroom, and glazing applications. The increasing use of silicone sealants in expansion joints to join dissimilar materials; Provide weather protection for high-rise buildings and flexibility for airport runways and roads as these sealants remain flexible and will not crack in hot weather, brittle or crack in cold weather; is the engine of your market.
By Application:
Glazing is expected to grow at the highest rate during the forecast period. Asia-Pacific, South America, Middle East, and Africa are the fastest growing building sealant market in glazing applications due to continued investments in infrastructure development, increased urbanization, and increased lifespan in emerging countries such as India and China. , Vietnam, Bangladesh, Indonesia, Iran, and Brazil. The Asia-Pacific market for building sealants in glazing applications is primarily influenced by the growing housing sector, ongoing urbanization, increasing income levels, and favorable government policies.
Construction Sealants Market Regional Analysis:
The Construction Sealants Market Report includes the segmentation of Regions:
Europe has become an important market for construction sealants in 2020. Asia-Pacific is expected to show the fastest-growing construction sealant market in the coming years. In this region, rapid urbanization and construction of commercial complexes for increasing economic development benefit the market for construction sealants for building structures.
The regional Middle East and Africa market are expected to show significant growth during the forecast period. In particular, in the United Arab Emirates and Saudi Arabia, the increasing number of residential building constructions to meet the increased home ownership demand supported by easy residential mortgage programs will benefit the waterproofing products market. construction.
Growth in the construction sealants market is expected to halt due to the unprecedented disruption caused by the COVID-19 pandemic in the construction industry. The Global Construction Activity Index designed by the London-based Royal Institute of Chartered Surveyors (RICS) found that the construction industry experienced a massive decline in 2020, especially in the Americas. According to RICS, only 20% of suspended projects are expected to restart in 2020, and the silver lining is that a very small percentage of those projects are likely to be canceled. Additionally, RICS analysis found that site productivity fell 12% in Q2 2020, with 25% of projects on hold. Such a dire scenario created by the coronavirus is sure to hamper the uptake of sealants for building and construction in the near future.
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