US Sealants Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 2.19 Billion |
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Market Size (2028) | USD 2.72 Billion |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.63 % |
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Fastest Growing by End User Industry | Building and Construction |
Major Players |
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|
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*Disclaimer: Major Players sorted in alphabetical order. |
US Sealants Market Analysis
The United States Sealants Market size is estimated at 2.19 billion USD in 2024, and is expected to reach 2.72 billion USD by 2028, growing at a CAGR of 5.63% during the forecast period (2024-2028).
2.19 Billion
Market Size in 2024 (USD)
2.72 Billion
Market Size in 2028 (USD)
6.04 %
CAGR (2017-2023)
5.63 %
CAGR (2024-2028)
Largest Market by End-user Industry
60.39 %
value share, Building and Construction, 2023
In the United States, building and construction is the dominant end-user industry owing to its wide range of sealant applications, including joint sealing, heat insulation, and glazing.
Fastest Growing Market by End-user Industry
5.93 %
Projected CAGR, Building and Construction, 2024-2028
The building and construction industry is forecast to witness fast growth in the US sealants market owing to the increasing demand for luxurious homes in residential complexes.
Largest Market by Resin
42.40 %
value share, Silicone, 2023
Silicone sealants hold the largest market share owing to their wide applications in the building construction and automotive industries, specifically for exterior applications.
Fastest Growing Market by Resin
5.77 %
Projected CAGR, Silicone, 2024-2028
Due to their sheer strength and high-impact resistance abilities, silicone sealants are primarily used in construction applications and are forecast to be the fastest-growing resin in the market.
Leading Market Player
11.18 %
market share, RPM International Inc., 2021
RPM International Inc. is the major player in the market owing to its predominant presence in the country. The United States accounts for around 68% of the company’s sales and the company offers several sealant brands in the country.
Consumer electronics register a growth of 4.3% in the United States to boost the demand for sealants
- Sealants are widely used in the construction industry because of their diverse applications, such as waterproofing, weather sealing, cracks sealing, and joint sealing. The US construction industry is expected to account for 11.1% of global growth in construction up to 2030, thus, accounting for the highest share of the US sealants market by volume. The construction industry is the primary end-user industry of sealants owing to the varied applications and high awareness of the usage of sealants in the region.
- Sealants are widely used in the automotive industry because of their applicability to various surfaces such as glass, metal, plastic, painted surfaces, etc., and their features are helpful in the automotive industry, such as for extreme weather resistance, durability, and long-lasting. They are used in engines and car gaskets. Electric vehicle sales increased by 2.4% in 2020 because of its increased demand for personal mobility. This is expected to increase the demand for automotive silicone sealants in the forecast period.
- Different sealants are widely used in electronics and electrical equipment manufacturing for potting and protecting materials. They are used for sealing sensors and cables, etc. The consumer electronics market is expected to register a 4.3% growth in the United States and increase the demand for silicone sealants in the forecast period 2022-2028. Sealants are used in the healthcare industry for assembling and sealing medical device parts. The increase in healthcare investments in the US market is also anticipated to lead to a rise in the demand for sealants over the forecast period 2022-2028.
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United States Sealants Market Trends
Government's' investments such as the Infrastructure for Rebuilding America (INFRA) program of USD 7.25 billion for FY 2022-2026 to increase construction in the country
- The United States is the largest country for construction activities in the North American region. The country had a GDP of USD 25,350 per capita, with an expected growth rate of 3.7% Y-o-Y in 2022. The construction industry contributes nearly 4.2% of the US GDP. The factors affecting the US construction industry are new investments, residential & non-residential constructions, government policies, and others.
- Public sector construction spending declined in 2021, recording USD 346.3 billion compared to USD 361.2 billion in 2020. However, the private sector construction spending increased in 2021 and was valued at USD 1,245.4 billion in 2021 compared to USD 1107.9 billion in 2020.
- The residential house construction, including privately‐owned housing units authorized by building permits in January, was at a seasonally adjusted annual rate of 1,899,000. This was 0.7% above the revised December rate of 1,885,000 and 0.8% above the January 2021 rate of 1,883,000.
- In March 2022, the US Department of Transportation (USDOT) announced that the Infrastructure for Rebuilding America (INFRA) program would distribute USD 7.25 billion for FY 2022-2026 to all states and regions to build multimodal freight and highway projects of national or regional significance. These factors are expected to boost construction activities in the United States over the forecast period.
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Government's United States-Canada-Mexico agreement of having 75% of automobile components produced in these 3 countries will increase the automotive production
- The US automotive industry witnessed a decline in annual production by around 3.5% in 2019 due to multiple factors, such as US sanctions on China and tariffs on steel and aluminum imports, especially from Canada and Mexico, two of the largest sources for imported metals for the US automotive industry. Automotive production fell by around 20% in 2020 compared to 2019 due to operational and supply chain restrictions coupled with worker unavailability resulting from the COVID-19 pandemic and the subsequent lockdowns. The semiconductor chip shortages and other supply chain constraints in 2021, which followed the pandemic, have been holding back automotive production growth.
- In the United States, the percentage of commercial vehicles manufactured increased from 73% in 2017 to 79% in 2020. This was due to the rising demand for pickup trucks and other Light Commercial Vehicles (LCVs) because of their multipurpose utility. This growth in the demand for LCVs is expected to continue in the forecast period.
- The United States is the third largest electric vehicle manufacturer after China and Europe. Seven of the 44 major US assembly plants, representing about 16% of US production capacity, are engaged in producing electric vehicles (EVs). General Motors own three, two are owned by Tesla, and Rivian and Lucid Motors own one site each. Demand for EVs grew 85% from 2020 to 2021, and this continuously increasing demand for EVs in the country is expected to drive production growth during the forecast period as well. The implementation of the United States-Canada-Mexico agreement, which mandates 75% of the cars to be produced in one of the three participating countries to avail zero tariffs, is expected to increase automotive production during the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Civil aviation with 65% export share in Aerospace and Defense in 2021 and expected growth in exports is likely to boost Aerospace Production
US Sealants Industry Overview
The United States Sealants Market is fragmented, with the top five companies occupying 33.35%. The major players in this market are 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, RPM International Inc. and Sika AG (sorted alphabetically).
US Sealants Market Leaders
3M
H.B. Fuller Company
Henkel AG & Co. KGaA
RPM International Inc.
Sika AG
Other important companies include Arkema Group, Dow, Illinois Tool Works Inc., MAPEI S.p.A., Pecora Corporation.
*Disclaimer: Major Players sorted in alphabetical order.
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US Sealants Market News
- July 2021: RPM International Inc. procured a 178,000-square-foot chemical manufacturing facility in Texas to act as a manufacturing campus, owned and operated by RPM’s Tremco Construction Products Group, to meet customer demand and strengthen its supply chain.
- April 2021: Sika AG signed an agreement to acquire The Yokohama Rubber Co. Ltd's adhesives division, Hamatite, based in Japan. Hamatite offers polyurethanes, hot melts, and modified silicones technology adhesives and sealants for the automotive and construction industries.
- January 2020: H.B. Fuller Company introduced a new range of Gorilla professional-grade adhesives and sealants for MRO industrial applications.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
US Sealants Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Aerospace
2.1.2. Automotive
2.1.3. Building and Construction
2.2. Regulatory Framework
2.2.1. United States
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Aerospace
3.1.2. Automotive
3.1.3. Building and Construction
3.1.4. Healthcare
3.1.5. Other End-user Industries
3.2. Resin
3.2.1. Acrylic
3.2.2. Epoxy
3.2.3. Polyurethane
3.2.4. Silicone
3.2.5. Other Resins
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. 3M
4.4.2. Arkema Group
4.4.3. Dow
4.4.4. H.B. Fuller Company
4.4.5. Henkel AG & Co. KGaA
4.4.6. Illinois Tool Works Inc.
4.4.7. MAPEI S.p.A.
4.4.8. Pecora Corporation
4.4.9. RPM International Inc.
4.4.10. Sika AG
5. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
6. APPENDIX
6.1. Global Adhesives and Sealants Industry Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Drivers, Restraints, and Opportunities
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, UNITED STATES, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, UNITED STATES, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, UNITED STATES, 2017-2028
- Figure 4:
- VOLUME OF SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 5:
- VALUE OF SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 6:
- VOLUME OF SEALANTS CONSUMED BY END USER INDUSTRY, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 7:
- VALUE OF SEALANTS CONSUMED BY END USER INDUSTRY, USD, UNITED STATES, 2017 - 2028
- Figure 8:
- VOLUME SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2016 VS 2022 VS 2028
- Figure 9:
- VALUE SHARE OF SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2016 VS 2022 VS 2028
- Figure 10:
- VOLUME OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 11:
- VALUE OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY, USD, UNITED STATES, 2017 - 2028
- Figure 12:
- VALUE SHARE OF SEALANTS CONSUMED IN AEROSPACE INDUSTRY BY RESIN, %, UNITED STATES, 2021 VS 2028
- Figure 13:
- VOLUME OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 14:
- VALUE OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY, USD, UNITED STATES, 2017 - 2028
- Figure 15:
- VALUE SHARE OF SEALANTS CONSUMED IN AUTOMOTIVE INDUSTRY BY RESIN, %, UNITED STATES, 2021 VS 2028
- Figure 16:
- VOLUME OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 17:
- VALUE OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, UNITED STATES, 2017 - 2028
- Figure 18:
- VALUE SHARE OF SEALANTS CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY RESIN, %, UNITED STATES, 2021 VS 2028
- Figure 19:
- VOLUME OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 20:
- VALUE OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY, USD, UNITED STATES, 2017 - 2028
- Figure 21:
- VALUE SHARE OF SEALANTS CONSUMED IN HEALTHCARE INDUSTRY BY RESIN, %, UNITED STATES, 2021 VS 2028
- Figure 22:
- VOLUME OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 23:
- VALUE OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, UNITED STATES, 2017 - 2028
- Figure 24:
- VALUE SHARE OF SEALANTS CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY RESIN, %, UNITED STATES, 2021 VS 2028
- Figure 25:
- VOLUME OF SEALANTS CONSUMED BY RESIN, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 26:
- VALUE OF SEALANTS CONSUMED BY RESIN, USD, UNITED STATES, 2017 - 2028
- Figure 27:
- VOLUME SHARE OF SEALANTS CONSUMED BY RESIN, %, UNITED STATES, 2016 VS 2022 VS 2028
- Figure 28:
- VALUE SHARE OF SEALANTS CONSUMED BY RESIN, %, UNITED STATES, 2016 VS 2022 VS 2028
- Figure 29:
- VOLUME OF ACRYLIC SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 30:
- VALUE OF ACRYLIC SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 31:
- VALUE SHARE OF ACRYLIC SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 32:
- VOLUME OF EPOXY SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 33:
- VALUE OF EPOXY SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 34:
- VALUE SHARE OF EPOXY SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 35:
- VOLUME OF POLYURETHANE SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 36:
- VALUE OF POLYURETHANE SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 37:
- VALUE SHARE OF POLYURETHANE SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 38:
- VOLUME OF SILICONE SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 39:
- VALUE OF SILICONE SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 40:
- VALUE SHARE OF SILICONE SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 41:
- VOLUME OF OTHER RESINS SEALANTS CONSUMED, KILOGRAM, UNITED STATES, 2017 - 2028
- Figure 42:
- VALUE OF OTHER RESINS SEALANTS CONSUMED, USD, UNITED STATES, 2017 - 2028
- Figure 43:
- VALUE SHARE OF OTHER RESINS SEALANTS CONSUMED BY END USER INDUSTRY, %, UNITED STATES, 2021 VS 2028
- Figure 44:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, UNITED STATES, 2019 - 2021
- Figure 45:
- MOST ADOPTED STRATEGIES, COUNT, UNITED STATES, 2019 - 2021
- Figure 46:
- REVENUE SHARE OF SEALANTS BY MAJOR PLAYERS, %, UNITED STATES, 2021
United States 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.
- Sealants are widely used in the construction industry because of their diverse applications, such as waterproofing, weather sealing, cracks sealing, and joint sealing. The US construction industry is expected to account for 11.1% of global growth in construction up to 2030, thus, accounting for the highest share of the US sealants market by volume. The construction industry is the primary end-user industry of sealants owing to the varied applications and high awareness of the usage of sealants in the region.
- Sealants are widely used in the automotive industry because of their applicability to various surfaces such as glass, metal, plastic, painted surfaces, etc., and their features are helpful in the automotive industry, such as for extreme weather resistance, durability, and long-lasting. They are used in engines and car gaskets. Electric vehicle sales increased by 2.4% in 2020 because of its increased demand for personal mobility. This is expected to increase the demand for automotive silicone sealants in the forecast period.
- Different sealants are widely used in electronics and electrical equipment manufacturing for potting and protecting materials. They are used for sealing sensors and cables, etc. The consumer electronics market is expected to register a 4.3% growth in the United States and increase the demand for silicone sealants in the forecast period 2022-2028. Sealants are used in the healthcare industry for assembling and sealing medical device parts. The increase in healthcare investments in the US market is also anticipated to lead to a rise in the demand for sealants over the forecast period 2022-2028.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Healthcare | |
| Other End-user Industries |
| Resin | |
| Acrylic | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resins |
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Market Definition
- End-user Industry - Building & Construction, Automotive, Aerospace, Healthcare, and Others are the end-user industries considered under the sealants market.
- Product - All sealant products are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Silicone, and Others are considered
- Technology - For the purpose of this study, One component and Two component sealant technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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