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Sealants Market Size

The sealants market is projected to experience significant growth, driven by its extensive applications in various industries such as construction, automotive, electronics, and healthcare. The construction sector, particularly in regions like Asia-Pacific, is a major contributor to the market's expansion due to increasing investments and infrastructure development. The automotive industry, especially with the rise of electric vehicles, is also expected to boost demand for sealants. Additionally, the electronics and healthcare industries are anticipated to contribute to market growth through their need for sealing components and devices. Despite a temporary decline due to the COVID-19 pandemic, the market is recovering and is set to surpass pre-pandemic levels, with Asia-Pacific leading in consumption.

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Market Size of sealants Industry

Sealants Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 12.15 Billion
svg icon Market Size (2028) USD 15.26 Billion
svg icon Largest Share by End User Industry Building and Construction
svg icon CAGR (2024 - 2028) 5.85 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

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

Key Players

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Sealants Market Analysis

The Sealants Market size is estimated at 12.15 billion USD in 2024, and is expected to reach 15.26 billion USD by 2028, growing at a CAGR of 5.85% during the forecast period (2024-2028).

12.15 Billion

Market Size in 2024 (USD)

15.26 Billion

Market Size in 2028 (USD)

5.31 %

CAGR (2017-2023)

5.85 %

CAGR (2024-2028)

Largest Market by End-user Industry

62.03 %

value share, Building and Construction, 2023

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Building and construction is the dominant end-user industry due to the wide range of sealant applications, including joint sealing, insulation, curtain wall, façade, and glazing.

Largest Market by Resin

42.77 %

value share, Silicone, 2023

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

Largest Market by Region

40.64 %

value share, Asia-Pacific, 2023

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Asia-Pacific, driven mainly by India, China, South Korea, and Japan, is a major sealant consumer due to the usage of sealants in various end-user industries, including building and construction, automotive, and aerospace.

Fastest Growing Market by Region

6.04 %

Projected CAGR, Asia-Pacific, 2024-2028

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Asia-Pacific is projected to be the fastest-growing region for the sealants market due to the increasing population and rapid urbanization in countries such as China, India, South Korea, and Japan.

Leading Market Player

10.10 %

market share, Sika AG, 2021

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Sika AG has been witnessing increasing volume sales globally. This increase can be attributed to the popularity of its silicone-based products, mainly in the building and construction industry.

Increasing applications of waterproofing and crack sealing to drive the demand

  • Sealants are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, and crack sealing. The global construction industry is expected to grow at 3.5% per annum up to 2030. Countries such as China, India, the United States, and Indonesia are expected to cover 58.3% of overall construction growth, due to which construction sealants cover the largest share of the global sealants market share by value.
  • Sealants are widely used in the automotive industry because of their applicability to surfaces, such as glass, metal, plastic, and painted surfaces, and their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. These are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to register a CAGR of 17.75% globally in the forecast period because of the increase in demand for the same in growing economies. This will increase the demand for automotive silicone sealants in the forecast period.
  • Different sealants are widely used in electronics and electrical equipment manufacturing. They are used for sealing sensors and cables. The electronics and household appliances industries are expected to register a CAGR of 2.51% and 5.77%, respectively, globally, which will lead to an increase in demand for silicone sealants during the forecast period (2022-2028).
  • Sealants are used in the healthcare industry for applications such as assembling and sealing medical device parts. The increase in healthcare investments globally will lead to an increase in their demand in the forecast period.
Global Sealants Market

Considerable investment in construction industry specifically in Asia-Pacific region will drive the market

  •   Asia-Pacific, Europe, and North America are the most significant regions in the global sealants market. Combined, these three regions account for 90.2% of the global sealants market. Sealants registered growth rates of 2.35% and 3.52% in 2018 and 2019, respectively, across all the major global regions. However, the demand for sealants declined in 2020 due to various operational restrictions because of the COVID-19 pandemic. In 2021, as the restrictions eased, the global market for sealants started recovering. It is now expected to outgrow the pre-pandemic levels.
  •   Asia-Pacific is the largest region in terms of the consumption of sealants, owing to the rising building and construction industry and the automotive industry in the area. Around 45% of the total construction-based investment in the world comes from this region. China is the world's largest construction industry, and it is expected to register a CAGR of 8.6% from 2022 to 2030. In Japan, the number of housing constructions in 2021 was 856.48 thousand units, which was 4.8% more than the number in 2020. The growing Asia-Pacific construction industry will drive the demand for sealants in the coming years.
  • Europe is the second-largest region in terms of the consumption of sealants due to the rising demand from the automotive industry. As part of the European Commission's climate goals to reduce greenhouse emissions by at least 55% by 2030, the ''Fit for 55'' legislation has set targets to reduce CO2 emissions from cars by 55% and vans by 50% by 2030. This regulation has boosted the demand for electric vehicles, which is expected to increase the demand for PU, acrylic, and silicone-based sealants during the forecast period, as they can also be used in automotive electronics.

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. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.

  • Sealants are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, and crack sealing. The global construction industry is expected to grow at 3.5% per annum up to 2030. Countries such as China, India, the United States, and Indonesia are expected to cover 58.3% of overall construction growth, due to which construction sealants cover the largest share of the global sealants market share by value.
  • Sealants are widely used in the automotive industry because of their applicability to surfaces, such as glass, metal, plastic, and painted surfaces, and their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. These are used in engines and car gaskets. The electric vehicles segment of the automotive industry is expected to register a CAGR of 17.75% globally in the forecast period because of the increase in demand for the same in growing economies. This will increase the demand for automotive silicone sealants in the forecast period.
  • Different sealants are widely used in electronics and electrical equipment manufacturing. They are used for sealing sensors and cables. The electronics and household appliances industries are expected to register a CAGR of 2.51% and 5.77%, respectively, globally, which will lead to an increase in demand for silicone sealants during the forecast period (2022-2028).
  • Sealants are used in the healthcare industry for applications such as assembling and sealing medical device parts. The increase in healthcare investments globally will lead to an increase in their demand in the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Healthcare
Other End-user Industries
Resin
Acrylic
Epoxy
Polyurethane
Silicone
Other Resins
Region
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Singapore
South Korea
Thailand
Rest of Asia-Pacific
Europe
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Argentina
Brazil
Rest of South America
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Sealants Market Size Summary

The sealants market is poised for significant growth, driven by its extensive applications across various industries such as construction, automotive, electronics, and healthcare. In the construction sector, sealants are essential for waterproofing, weather-sealing, and crack sealing, making them indispensable as the global construction industry expands. The automotive industry also relies heavily on sealants for their durability and resistance to extreme weather conditions, particularly in the growing electric vehicle segment. Additionally, the electronics and healthcare industries contribute to the demand for sealants, with applications in sealing sensors, cables, and medical device parts. The market is characterized by a diverse range of products, including silicone, PU, and acrylic-based sealants, which are increasingly used to meet the evolving needs of these industries.

Regionally, Asia-Pacific leads in sealant consumption, driven by robust construction and automotive activities, with China being a major contributor. Europe follows, with a strong demand from the automotive sector, particularly due to regulations promoting electric vehicles. North America also plays a significant role, with the construction industry being a key driver. The market experienced a downturn during the COVID-19 pandemic but has since rebounded, with expectations to surpass pre-pandemic levels. The sealants market is fragmented, with major players like 3M, Henkel AG & Co. KGaA, RPM International Inc., Sika AG, and Soudal Holding N.V. actively expanding their presence through strategic partnerships and acquisitions. As the demand for sustainable and efficient solutions grows, the sealants market is expected to continue its upward trajectory, supported by technological advancements and increasing investments in infrastructure and green technologies.

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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

    3. 1.3 Region

      1. 1.3.1 Asia-Pacific

        1. 1.3.1.1 Australia

        2. 1.3.1.2 China

        3. 1.3.1.3 India

        4. 1.3.1.4 Indonesia

        5. 1.3.1.5 Japan

        6. 1.3.1.6 Malaysia

        7. 1.3.1.7 Singapore

        8. 1.3.1.8 South Korea

        9. 1.3.1.9 Thailand

        10. 1.3.1.10 Rest of Asia-Pacific

      2. 1.3.2 Europe

        1. 1.3.2.1 France

        2. 1.3.2.2 Germany

        3. 1.3.2.3 Italy

        4. 1.3.2.4 Russia

        5. 1.3.2.5 Spain

        6. 1.3.2.6 United Kingdom

        7. 1.3.2.7 Rest of Europe

      3. 1.3.3 Middle East & Africa

        1. 1.3.3.1 Saudi Arabia

        2. 1.3.3.2 South Africa

        3. 1.3.3.3 Rest of Middle East & Africa

      4. 1.3.4 North America

        1. 1.3.4.1 Canada

        2. 1.3.4.2 Mexico

        3. 1.3.4.3 United States

        4. 1.3.4.4 Rest of North America

      5. 1.3.5 South America

        1. 1.3.5.1 Argentina

        2. 1.3.5.2 Brazil

        3. 1.3.5.3 Rest of South America

Sealants Market Size FAQs

The Global Sealants Market size is expected to reach USD 12.15 billion in 2024 and grow at a CAGR of 5.85% to reach USD 15.26 billion by 2028.

In 2024, the Global Sealants Market size is expected to reach USD 12.15 billion.

Sealants Market Report Snapshots

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