Construction Sealants Market

Construction Sealants Market

The global construction sealants market is projected to grow from USD 4.7 billion in 2023 to USD 5.7 billion by 2028, at a cagr 3.6% between 2023 and 2028. The increasing demand from commercial offices and residential housing, along with rising infrastructure output from key sub-sectors, such as rail, energy, roads, and water and sewerage, is boosting the demand for construction sealants.

Attractive Opportunities in the Construction Sealants Market

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Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis

Construction Sealants Market Dynamics

Drivers: Increased demand for construction sealants in residential housing and infrastructure sectors

The key application areas of construction sealants include flooring & joining, glazing, and sanitary & kitchen, among others. These applications are growing, which has subsequently increased the growth of the construction sealants market. The increasing penetration of sealants in new construction applications, such as anchoring application, ductwork, and structural glazing, is driving the construction sealants market. The major applications of construction sealants are in sanitary & kitchen, window framing, floor systems, expansion joints, walls, and panels. Under changing atmospheric conditions, construction sealants prevent cracking and provide stress-bearing capability. Increase in investments in construction activities, such as bridges, airports, metro stations, and dams are also increasing the demand for sealants for flooring, panels, expansion joints, and other applications.

Restraints: Environmental regulations in North American and European countries

Due to the increase in regulatory policies and environmental concerns, various countries are using eco-friendly products in many applications. Global construction sealants manufacturers are focusing on ensuring safety and avoiding health issues related to VOC emissions from chemical products. This is affecting the production capacities of manufacturers in North American and European regions. North America and Europe are strictly regulated by environmental laws related to the production of petro-based and chemical products. Agencies such as the the EC, Epoxy Resin Committee (ERC), and other regulatory bodies govern the manufacture of solvent-based products in North America and Europe. These regulations are restraining the growth of the construction sealants market.

Opportunities: Growing demand for low VOC, green, and sustainable sealants

Owing to a rising trend in various applications to use environment-friendly or green products, the demand for green sealants or those with low VOCs is increasing. Stringent regulations implemented by the US Environmental Protection Agency (EPA), Europe’s Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory authorities have forced the manufacturers to make environment-friendly sealants with low VOC levels. Shifting toward a more sustainable product portfolio has provided the industry with a significant growth opportunity. There is a growing trend in the construction market to use environment-friendly or green buildings; therefore, there is high growth potential for the development of green and more sustainable sealant solutions.

Challenges: Shifting rules and changing standards

Regulations regarding the use of construction sealants are undergoing many changes, that pose challenges to the construction sealants manufacturers. For instance, the changes in rules and standards imposed by the Construction Products Regulation (CPR) are a cause of concern for construction sealants manufacturers, as they determine the minimum or maximum performance levels of the construction products. The construction sealants products that are currently available in the market are not very technologically advanced, and the new products would require labeling and paperwork to demonstrate compliance and additional external test costs.

Construction Sealants Market Ecosystem

Silicone resin type accounted for the largest share of the construction sealants market.

Globally, the construction industry is experiencing substantial growth, driven by infrastructure development, urbanization, and increasing construction projects. As construction activities expand, the demand for reliable, high-performance sealants like silicone sealants increases. Asia Pacific is the largest consumer of silicone construction sealants for bathroom and kitchen applications. Silicone sealants are waterproof and provide excellent durability, flexibility, and long-lasting bond around non-porous surfaces.

Glazing is the fastest-growing application of the construction sealants market.

Glazing is the fastest-growing application segment of the construction sealants market. Construction sealants are extensively used in glazing applications to seal joints, gaps, and interfaces between glass panels, frames, and other building components. Sealants used in glazing applications provide weatherproofing, air and water leakage prevention, thermal insulation, and structural support. Glazing sealants are available in various forms, including silicone, polyurethane, and hybrid formulations, each offering different properties, such as flexibility, adhesion strength, UV resistance, and weatherability.

Residential is the largest end-use industry of the construction sealants market.

The residential construction industry is growing rapidly, particularly in emerging countries in the Middle East & Africa and Asia Pacific. This growth is attributed to good economic growth and higher income levels. Homeownership has seen rapid growth in the past few years, and the market is projected to grow over the next decade. Increasing urbanization and housing facilities have surged the demand for construction sealants in the new construction segment.

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Asia Pacific is the fastest-growing construction sealants market.

Asia Pacific has emerged as one of the leading producers as well as consumers of construction sealants. There is high demand for construction sealants in the emerging markets of Asia Pacific due to the significant growth of the construction industry. New construction activities, repainting, and growing investment in emerging markets are the key factors providing market players with growth opportunities. The North American and European manufacturers are exposed to tough competition from the Asia Pacific market, as the cost is an important factor for customers, and the local manufacturers in the Asia Pacific are successfully providing similar construction sealants at lower costs.

Construction Sealants Market Players

3M (US), Arkema (France), Sika AG (Switzerland), Henkel AG & Co. KGaA (Germany), and H.B. Fuller (US) are the key players in the global construction sealants market.

Construction Sealants Market Report Scope

This research report categorizes the construction sealants market based on Resin Type, Application, End-use Industry, and Region.

By Resin Type:

• Silicone
• Polyurethane
• Polysulfide
• Others

By Application:

• Glazing
• Flooring & Joining
• Sanitary & Kitchen
• Others

By End-use Industry

• Residential
• Commercial
• Industrial
• Infrastructural

By Region:

• Asia Pacific
• Europe
• North America
• Middle East & Africa
• South America

Recent Developments

• In June 2023, Sika is opening a new plant in Kharagpur, eastern India, and continues to expand production capacity in the fast-growing Indian market. The plant will manufacture mortar products, concrete admixtures, and shotcrete accelerators for customers in the West Bengal region, which has more than 100 million inhabitants.
• In May 2023, Henkel officially opened its Technology Center in Bridgewater, New Jersey. Occupying 70,000 square ft., the center provides a unique and interactive destination for the company's strategic partners and customers. The facility showcases Henkel's entire technology portfolio of adhesives, sealants, functional coatings, and specialty materials and supports an environment for collaboration with customers from over 800 industry segments to develop innovative solutions.
• In March 2022, Bostik concluded a distribution agreement with DGE for Europe, the Middle East, and Africa. The agreement, valid as of January 2022, includes Born2Bond engineering adhesives designed for ‘by-the-dot’ bonding applications in selected industries, such as electronics, luxury packaging, automotive, medical devices, and MRO; as well as Bostik’s Industrial Adhesives & Sealants used in the manufacture and assembly of components across a diverse range of industrial sectors.

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