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Building And Construction Sealant Market Research Report By Product Type (Acrylic Sealants, Polyurethane Sealants, Silicone Sealants, Butyl Sealants, MS Polymer Sealants), By Application (Expansion Joints, Glass and Glazing, Roofing and Waterproofing, Concrete and Masonry, Windows and Doors), By Substrate (Concrete, Wood, Metal, Glass, Plastic) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032


ID: MRFR/CnM/27374-HCR | 111 Pages | Author: Priya Nagrale| October 2024

Global Building And Construction Sealant Market Overview


The Building And Construction Sealant Market Size was estimated at 14.9 (USD Billion) in 2022. The Building And Construction Sealant Industry is expected to grow from 15.6(USD Billion) in 2023 to 23.5 (USD Billion) by 2032. The Building And Construction Sealant Market CAGR (growth rate) is expected to be around 4.66% during the forecast period (2024 - 2032).


Key Building And Construction Sealant Market Trends Highlighted


Key market drivers for building and construction sealants include rising construction activities, growing demand for energy-efficient buildings, and increased urbanization. The market is also being driven by the increasing popularity of green construction and the growing awareness of the importance of building envelope performance. Furthermore, advancements in formulation technology are expected to create growth opportunities for the industry. Trends in recent times include the growing adoption of sustainable sealants, such as low-VOC and water-based sealants.


  Building And Construction Sealant Market Overview


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Building And Construction Sealant Market Drivers


Rising Demand for Energy-Efficient Buildings


The increasing need to construct energy-efficient buildings is a major driving force behind the growth of the Building And Construction Sealant Market Industry. As governments worldwide implement stricter regulations on energy consumption, the demand for sealants that can improve the energy efficiency of buildings is rising. Sealants play a crucial role in preventing air leakage and moisture penetration, which can significantly reduce energy loss and improve the overall thermal performance of buildings.The growing awareness among architects, engineers, and contractors about the benefits of using high-performance sealants is fueling the adoption of these products in the construction sector.


Increasing Infrastructure Investment


The increasing investment in infrastructure development is another key factor driving the growth of the Building And Construction Sealant Market Industry. Governments and private companies are investing heavily in the construction and renovation of roads, bridges, tunnels, and other infrastructure projects. Sealants are essential for ensuring the durability and longevity of these structures by protecting them from water damage, corrosion, and other environmental factors.The demand for sealants is expected to grow in the coming years as infrastructure investment continues to rise across the globe.


Growing Adoption of Green Building Practices


The growing adoption of green building practices is also contributing to the growth of the Building And Construction Sealant Market Industry. As building codes and regulations become more stringent, architects and contractors are looking for sustainable and environmentally friendly materials. Sealants that are low in VOCs (volatile organic compounds) and manufactured from recycled materials are gaining popularity in response to this trend. The demand for green sealants is expected to rise as more and more construction projects seek to achieve LEED (Leadership in Energy and Environmental Design) certification.


Building And Construction Sealant Market Segment Insights


Building And Construction Sealant Market Product Type Insights 


The Building And Construction Sealant Market is segmented by product type into acrylic sealants, polyurethane sealants, silicone sealants, butyl sealants, and MS polymer sealants. Among these segments, silicone sealants held the largest market share in 2023, accounting for over 35% of the Building And Construction Sealant Market revenue. The growth of this segment is attributed to the increasing demand for high-performance sealants in the construction industry. Silicone sealants offer excellent resistance to weathering, UV radiation, and extreme temperatures, making them suitable for various applications such as glazing, curtain walling, and roofing.Acrylic sealants are expected to witness a significant growth rate during the forecast period. These sealants are cost-effective, easy to apply, and provide good adhesion to various substrates. Polyurethane sealants are also gaining popularity due to their high strength, durability, and resistance to chemicals and solvents. Butyl sealants are commonly used in applications where flexibility and resistance to moisture are required, such as in window and door frames. MS polymer sealants, which combine the properties of both silicone and polyurethane sealants, are also expected to experience growth in the coming years.The Building And Construction Sealant Market is driven by factors such as increasing urbanization, rising construction activities, and growing awareness of the importance of building and construction sealants in ensuring the durability and energy efficiency of buildings. The market is also expected to benefit from the increasing demand for eco-friendly and sustainable sealants, as well as the growing adoption of advanced technologies in the construction industry.


  Building And Construction Sealant Market Product Type


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Building And Construction Sealant Market Application Insights 


The application segment plays a crucial role in shaping the Building And Construction Sealant Market landscape. In 2023, the Glass and Glazing segment held the largest Building And Construction Sealant Market share, accounting for around 28% of the overall market revenue. The increasing demand for energy-efficient buildings and the rising popularity of large glass facades in commercial and residential constructions are major factors driving the growth of this segment. The Roofing and Waterproofing segment is also expected to witness significant growth, with a projected CAGR of 5.5% during the forecast period.This growth is attributed to the rising need for effective waterproofing solutions in infrastructure projects and the increasing focus on building durability and sustainability. The Concrete and Masonry segment is another key application area, with a projected CAGR of 4.8% from 2023 to 2032. The increasing use of concrete and masonry in construction projects, particularly in developing regions, is driving the demand for sealants in this segment. The Windows and Doors segment is also expected to contribute to the overall Building And Construction Sealant Market growth, with a projected CAGR of 4.6% during the forecast period.The rising demand for energy-efficient windows and doors, coupled with the increasing adoption of advanced sealing technologies, is expected to bolster the growth of this segment. The Expansion Joints segment is projected to grow at a CAGR of 4.2% from 2023 to 2032. This growth is driven by the increasing need for expansion joints in infrastructure projects, such as bridges and highways, to accommodate thermal expansion and contraction.


Building And Construction Sealant Market Substrate Insights 


The Building And Construction Sealant Market is segmented by Substrate into Concrete, Wood, Metal, Glass, and Plastic. Among these segments, Concrete held the largest market share in 2023 and is expected to continue dominating the market throughout the forecast period. The growth of this segment can be attributed to the increasing demand for concrete in construction activities, particularly in emerging economies. Wood is another significant segment in the Building And Construction Sealant Market, owing to its extensive use in residential and commercial buildings.Metal and Glass segments are also expected to witness substantial growth, driven by the rising popularity of metal and glass facades in modern architecture. The Plastic segment, though relatively smaller in size, is projected to grow at a steady pace.


Building And Construction Sealant Market Regional Insights 


The Building And Construction Sealant Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, APAC is expected to hold the largest market share in 2023 with a valuation of 6.5 (USD Billion) and is projected to reach 10.2 (USD Billion) by 2032, growing at a CAGR of 5.2%. The growth of the APAC region can be attributed to the increasing construction activities in countries such as China, India, and Indonesia. North America is expected to be the second-largest market, followed by Europe. The growth in these regions is driven by the rising demand for energy-efficient buildings and the increasing adoption of sustainable construction practices.South America and MEA are expected to witness steady growth during the forecast period due to the increasing investment in infrastructure development.


  Building And Construction Sealant Market Regional


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Building And Construction Sealant Market Key Players And Competitive Insights


Major players in Building And Construction Sealant Market industry are constantly looking for new ways to improve their products and services. Leading Building And Construction Sealant Market players are investing heavily in research and development to come up with innovative solutions that meet the changing needs of the market. As a result, the Building And Construction Sealant Market industry is expected to witness significant growth in the coming years.One of the leading players in the Building And Construction Sealant Market is The Dow Chemical Company. The company offers a wide range of sealants for various applications, including roofing, glazing, and joint sealing. Dow Chemical is known for its high-quality products and innovative technologies. The company has a strong presence and is committed to providing its customers with the best possible service.A major competitor to The Dow Chemical Company is Henkel AG & Co. KGaA. Henkel offers a comprehensive line of sealants and adhesives for the building and construction industry. The company is known for its strong brand recognition and its commitment to sustainability. Henkel has a presence and is well-positioned to compete in the Building And Construction Sealant Market.


Key Companies in the Building And Construction Sealant Market Include



  • Arkema

  • RPM International

  • Tremco

  • Dow

  • Henkel

  • DuPont de Nemours

  • Tosoh

  • Bostik

  • 3M

  • Evonik

  • BASF

  • Huntsman

  • Kuraray

  • Sika

  • DIC Corporation


Building And Construction Sealant Market Industry Developments


The Building and Construction Sealant Market is projected to reach USD 23.5 billion by 2032, exhibiting a CAGR of 4.66% during the forecast period. Rising infrastructure development, particularly in emerging economies, is a key driver of market growth.Recent developments include BASF's launch of MasterSeal NP 472, a high-performance sealant for concrete joints, and Dow's introduction of a new silicone-based sealant with improved durability and flexibility. Strategic partnerships and acquisitions are also shaping the market, such as Henkel's acquisition of Sika's North American distribution business. Sustainability concerns are driving demand for eco-friendly sealants, with manufacturers focusing on developing products with reduced VOCs and bio-based materials.


Building And Construction Sealant Market Segmentation Insights 


Building And Construction Sealant Market Product Type Outlook



  • Acrylic Sealants

  • Polyurethane Sealants

  • Silicone Sealants

  • Butyl Sealants

  • MS Polymer Sealants


Building And Construction Sealant Market Application Outlook



  • Expansion Joints

  • Glass and Glazing

  • Roofing and Waterproofing

  • Concrete and Masonry

  • Windows and Doors


Building And Construction Sealant Market Substrate Outlook



  • Concrete

  • Wood

  • Metal

  • Glass

  • Plastic


Building And Construction Sealant Market Regional Outlook



  • North America

  • Europe

  • South America

  • Asia Pacific

  • Middle East and Africa

Report Attribute/Metric Details
Market Size 2022 14.9(USD Billion)
Market Size 2023 15.6(USD Billion)
Market Size 2032 23.5(USD Billion)
Compound Annual Growth Rate (CAGR) 4.66% (2024 - 2032)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Base Year 2023
Market Forecast Period 2024 - 2032
Historical Data 2019 - 2023
Market Forecast Units USD Billion
Key Companies Profiled Arkema, RPM International, Tremco, Dow, Henkel, DuPont de Nemours, Tosoh, Bostik, 3M, Evonik, BASF, Huntsman, Kuraray, Sika, DIC Corporation
Segments Covered Product Type, Application, Substrate, Regional
Key Market Opportunities 1.       Rising Infrastructure 2.       Development of Eco-Friendly Sealants Industrialization in 3.        Developing Regions Innovative 4.       Technologies Government Initiatives
Key Market Dynamics 1.       Rising demand for energy-efficient buildings 2.       Increasing infrastructure development 3.       Technological advancements 4.       Growing popularity of sustainable construction 5.       Emergence of innovative sealant materials
Countries Covered North America, Europe, APAC, South America, MEA
 

Frequently Asked Questions (FAQ) :

The Building And Construction Sealant Market was expected to be valued at 15.6 billion USD in 2023.

The Building And Construction Sealant Market is expected to be valued at 23.5 billion USD in 2032.

The Building And Construction Sealant Market is expected to grow at a CAGR of 4.66% from 2024 to 2032.

The Asia-Pacific region is expected to have the largest market share in the Building And Construction Sealant Market in 2032.

The commercial construction application is expected to have the largest market share in the Building And Construction Sealant Market in 2032.

Some of the key competitors in the Building And Construction Sealant Market include Dow, Henkel, Sika, 3M, and BASF.

Some of the key trends in the Building And Construction Sealant Market include the increasing demand for sustainable and energy-efficient sealants, the growing adoption of prefabricated construction methods, and the rising popularity of online distribution channels.

Some of the challenges facing the Building And Construction Sealant Market include the volatility of raw material prices, the impact of climate change on construction activities, and the increasing competition from low-cost manufacturers.

Some of the opportunities for growth in the Building And Construction Sealant Market include the growing demand for infrastructure development, the increasing adoption of green building practices, and the rising awareness of the importance of building maintenance.

Some of the key factors driving the growth of the Building And Construction Sealant Market include the increasing demand for new construction projects, the rising awareness of the importance of building maintenance, and the growing adoption of sustainable building practices.

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