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Australia Sealants Market Size

The Australian sealants market is experiencing growth driven primarily by the construction industry, which significantly contributes to the country's GDP. The demand for sealants is bolstered by their diverse applications in building and construction activities, including waterproofing and weather-sealing. Additionally, the electronics and healthcare industries are key contributors to the market size, with the former relying on sealants for protecting and potting components, and the latter using medical-grade sealants for device assembly. The government's focus on energy-efficient construction further enhances the market's expansion prospects.

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Market Size of australia sealants Industry

Australia Sealants Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 154.51 Million
svg icon Market Size (2028) USD 194.81 Million
svg icon Largest Share by End User Industry Building and Construction
svg icon CAGR (2024 - 2028) 5.97 %
svg icon Fastest Growing by End User Industry Aerospace
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Australia Sealants Market Analysis

The Australia Sealants Market size is estimated at 154.51 million USD in 2024, and is expected to reach 194.81 million USD by 2028, growing at a CAGR of 5.97% during the forecast period (2024-2028).

154.51 Million

Market Size in 2024 (USD)

194.81 Million

Market Size in 2028 (USD)

7.72 %

CAGR (2017-2023)

5.97 %

CAGR (2024-2028)

Largest Market by End-user Industry

62.26 %

value share, Building and Construction, 2023

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In Australia, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, heal sealing, curtain wall, glazing, façade, and others.

Fastest Growing Market by End-user Industry

7.77 %

Projected CAGR, Aerospace, 2024-2028

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The aerospace segment is likely to witness the fastest growth owing to the increasing demand for civil and general aircraft in the country.

Largest Market by Resin

42.74 %

value share, Silicone, 2023

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Silicone sealants have the largest share owing to their wide applications in building construction and automotive industries, specifically for interior and exterior applications.

Fastest Growing Market by Resin

6.25 %

Projected CAGR, Polyurethane, 2024-2028

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Due to its excellent tear and abrasion resistance and wide usage in building and construction and automotive end-user, polyurethane resin is expected to witness the fastest growth.

Leading Market Player

30.30 %

market share, DuluxGroup Ltd., 2021

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DuluxGroup Ltd has witnessed an increase in its sales volume in Australia due to its broad portfolio of products and markets. The company has leveraged Nippon Paint's integration with the Selleys brand to expand its sealants segment.

Medical device manufacturing to drive the growth in demand for sealants in Australia

  • The Australian sealants market is dominated by the construction industry, followed by other end-user industries due to diverse applications of sealants in building and construction activities such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction industry generates about 9% of the country’s GDP. Currently, the Australian government is focusing on promoting energy-efficient building construction, thus, proliferating the sealants demand across the country.
  • Other end-user industries comprise electronics and electrical components, locomotive and marine, and DIY, in which the electronics industry holds the major share due to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors, cables, etc. Moreover, the rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, would like to propel the industry size of the Australian sealants market.
  • The healthcare industry mostly uses sealants for assembling and sealing medical device parts. Medical-grade sealants have unique applicability to bind with various substrates such as glass, metal, plastic, and painted surfaces. Australia has more than 500 medical device manufacturers, and the country is a major supplier of medical devices to the leading economies in the world, including the United States, Germany, and China. It is expected to register significant growth in medical device manufacturing due to unprecedented demand from the domestic market in the coming years. This, in terms, will boost the sealants demand in the country.
Australia Sealants Market

Australia Sealants Industry Segmentation

Aerospace, Automotive, Building and Construction, Healthcare are covered as segments by End User Industry. Acrylic, Epoxy, Polyurethane, Silicone are covered as segments by Resin.

  • The Australian sealants market is dominated by the construction industry, followed by other end-user industries due to diverse applications of sealants in building and construction activities such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction industry generates about 9% of the country’s GDP. Currently, the Australian government is focusing on promoting energy-efficient building construction, thus, proliferating the sealants demand across the country.
  • Other end-user industries comprise electronics and electrical components, locomotive and marine, and DIY, in which the electronics industry holds the major share due to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors, cables, etc. Moreover, the rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, would like to propel the industry size of the Australian sealants market.
  • The healthcare industry mostly uses sealants for assembling and sealing medical device parts. Medical-grade sealants have unique applicability to bind with various substrates such as glass, metal, plastic, and painted surfaces. Australia has more than 500 medical device manufacturers, and the country is a major supplier of medical devices to the leading economies in the world, including the United States, Germany, and China. It is expected to register significant growth in medical device manufacturing due to unprecedented demand from the domestic market in the coming years. This, in terms, will boost the sealants demand in the country.
End User Industry
Aerospace
Automotive
Building and Construction
Healthcare
Other End-user Industries
Resin
Acrylic
Epoxy
Polyurethane
Silicone
Other Resins
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Australia Sealants Market Size Summary

The Australian sealants market is primarily driven by the construction industry, which utilizes sealants for various applications such as waterproofing, weather-sealing, and joint-sealing. This sector's demand is bolstered by the government's focus on energy-efficient building practices, which enhances the need for durable and easy-to-apply sealants. Other significant end-user industries include electronics, where sealants are used for potting and protecting components, and the healthcare sector, which employs medical-grade sealants for assembling medical devices. The rapid growth of e-commerce and the strong position of consumer electronics further contribute to the market's expansion. Additionally, the infrastructure investments and government initiatives like the "HomeBuilder" scheme have stimulated the construction sector, thereby increasing the demand for sealants.

The market landscape is moderately consolidated, with major players such as 3M, Arkema Group, DuluxGroup Ltd., Henkel AG & Co. KGaA, and Sika AG holding significant shares. The aerospace sector also presents opportunities for sealant applications, driven by the recovery of the aviation industry and the expansion of Australia's space industry. The construction industry's projected growth, alongside the recovery and expansion in sectors like aerospace and healthcare, is expected to sustain the demand for sealants in Australia. The market's growth trajectory is supported by ongoing infrastructure projects and the increasing need for advanced materials in various industrial applications.

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Australia Sealants Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Healthcare

      5. 1.1.5 Other End-user Industries

    2. 1.2 Resin

      1. 1.2.1 Acrylic

      2. 1.2.2 Epoxy

      3. 1.2.3 Polyurethane

      4. 1.2.4 Silicone

      5. 1.2.5 Other Resins

Australia Sealants Market Size FAQs

The Australia Sealants Market size is expected to reach USD 154.51 million in 2024 and grow at a CAGR of 5.97% to reach USD 194.81 million by 2028.

In 2024, the Australia Sealants Market size is expected to reach USD 154.51 million.

Australia Sealants Market Report Snapshots

Australia Sealants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028