Global Waterproof Adhesives and Sealant Market Overview
The Waterproof Adhesives and Sealant Market Size was estimated at 7.03 (USD Billion) in 2022. The Waterproof Adhesives and Sealant Industry is expected to grow from 7.41(USD Billion) in 2023 to 11.9 (USD Billion) by 2032. The Waterproof Adhesives and Sealant Market CAGR (growth rate) is expected to be around 5.41% during the forecast period (2024 - 2032).
Key Waterproof Adhesives and Sealant Market Trends Highlighted
The construction industry's expanding use of waterproof adhesives and sealants is primarily driven by the increasing demand for sustainable, energy-efficient, and durable structures. Waterproofing crucial areas of buildings, such as roofs, walls, and foundations, can improve their longevity and lower energy costs associated with heat loss and air infiltration.Furthermore, the growing popularity of prefabricated buildings due to their cost-effectiveness, efficient construction, and minimal waste generation has opened up opportunities for waterproof adhesives and sealants. These adhesives provide secure bonding between prefabricated components and enhance their weather resistance and durability.Recent market trends include the increasing demand for eco-friendly waterproof adhesives and sealants that comply with environmental regulations and reduce the impact on the environment. Additionally, the development of adhesives with improved adhesion, flexibility, and UV resistance is gaining traction as it offers superior performance in extreme weather conditions and on challenging surfaces.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Waterproof Adhesives and Sealant Market Drivers
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Rising Demand for Waterproof Adhesives in Construction
The construction industry is a major driver of the Waterproof Adhesives and Sealant Market Industry. Waterproof adhesives are used in a variety of construction applications, such as sealing joints, bonding materials, and waterproofing surfaces. The growing demand for waterproof adhesives in the construction industry is due to several factors, including the increasing number of construction projects, the rising awareness of the importance of waterproofing, and the development of new and improved waterproof adhesive technologies. One of the key factors driving the demand for waterproof adhesives in construction is the increasing number of construction projects.The construction industry is expected to grow at a CAGR of 5.41% over the next ten years, reaching a value of USD 11.9 billion by 2032. This growth is being driven by a number of factors, including the increasing demand for housing, the rising number of infrastructure projects, and the growing popularity of green building. Another factor driving the demand for waterproof adhesives in construction is the rising awareness of the importance of waterproofing.Waterproofing is essential for protecting buildings from water damage, which can lead to a variety of problems, including mold, mildew, and structural damage. Waterproof adhesives can help to prevent water damage by sealing joints and bonding materials, creating a barrier that keeps water out. Finally, the development of new and improved waterproof adhesive technologies is also driving demand for these products. Waterproof adhesives are now available in a variety of formulations, each with its own unique set of properties.This allows contractors to select the right waterproof adhesive for their specific application, ensuring optimal performance and durability.
Increasing Use of Waterproof Adhesives in Automotive and Transportation
Aside from the construction industry, waterproof adhesives are becoming more popular in the automotive and transportation industries. More frequently, companies in these industries are waterproofing body panels, bonding windshield glass, and sealing windows, as well as using waterproof adhesives for other purposes.
The growing demand for waterproof adhesives in the automotive and transportation industries can be attributed to the number of electric vehicles available on the market, the use of lightweight materials in the design of vehicle components, and the availability of waterproof adhesives with new properties.The popularity of waterproof adhesive products in the automotive and transport sectors of the economy is driven by the increasing number of lightweight vehicles available to consumers. This is the result of the use of lightweight materials in vehicle design. Light vehicles are more fuel-efficient than heavy vehicles. Fuel economy and emissions reductions are critical issues for cutting-edge vehicles, and companies are trying to reduce the weight of their products using multiple materials.Waterproof adhesives for the automotive and other transport sectors are also gaining popularity because of the increasing number of electric vehicles. Waterproofing in electric vehicles is different from gasoline vehicles. A car of this type runs on electricity and contains multiple electrical components and systems. Waterproof adhesives can be used to ensure the safety and sustainability of electric vehicles. Thus, the first two factors contributing to the demand for waterproof adhesives in the automotive and transport sectors are the increasing demand for lightweight vehicles and the increasing availability of electric vehicles.A third factor can be identified: the availability of waterproof adhesives with new uses. As of now, these products can be used for specific types of automotive components; these adhesives vary in type and, as a result, in properties.
Growing Adoption of Waterproof Adhesives in Packaging
The packaging industry is another area where the demand for waterproof adhesives has been steadily growing. Waterproof adhesives have multiple applications in the packaging industry, including carton sealing, film lamination, label waterproofing, and more. The rise in the use of such adhesives in the packaging industry can be attributed to several factors, including the increasing demand for waterproof packaging, as well as the rapid development of e-commerce and various advanced waterproof adhesive technologies.First, the growing demand for waterproof packaging is one of the main factors that drive the increasing use of waterproof adhesives in the packaging industry. Waterproof packaging is crucial for protecting the products from water damage as they are shipped and stored. Waterproof adhesives are used to seal the packaging and ensure that the water cannot enter and damage the products. Second, the increasing popularity of e-commerce is another factor that affects the growing demand for waterproof adhesives in the packaging industry.E-commerce has become a major driver of growth for the packaging industry, as the number of online shoppers has been growing exponentially. Here, the danger of water damage is still relevant, as the products are shipped by various courier services and, as such, the use of waterproof adhesives becomes increasingly necessary. Finally, the rapid development of advanced waterproof adhesive technologies is driving the growth of their use in the packaging industry.Nowadays, waterproof adhesives are available in a broad variety of types, each with its own characteristics and applications. This means that it is easier for the manufacturers to select a type of waterproof adhesive that would be specifically suited to their application and ensure the best possible performance and durability.
Waterproof Adhesives And Sealant Market Segment Insights
Waterproof Adhesives And Sealant Market Product Type Insights
The Waterproof Adhesives And Sealant Market is segmented into waterproofing adhesives, sealants, and primers based on the product type. The segment of waterproofing adhesives is estimated to hold the most significant market share in 2023 and is expected to continue to lead the market over the forecast period. Increasing demand for waterproofing adhesives in the construction sector, particularly in the regions suffering from high rainfall and humidity, is contributing to the growth of the segment. Over the forecast period, the segment of sealants is expected to exhibit the highest growth rate since they are increasingly used in roofing, glazing, and automotive assembly.The segment of primers is used to prepare surfaces for the application of adhesives and sealants and is expected to experience a steady growth rate over the forecast period. The capacity of the waterproof adhesives and sealant market is estimated to be 30.26 USD billion in 2023, and it is expected to reach 42.1 USD billion by 2032, exhibiting a CAGR of 2.06% over the forecast period. Increased demand for waterproofing solutions in construction and the growing utilization of adhesives and sealants in various industrial applications are driving the growth of the market.The Waterproof Adhesives and Sealant Market is highly competitive since several and regional market participants operate in it. Key players in the market are Dow, Henkel, Sika, 3M, and Bostik. Market players focus on product development and expansion into new markets to capture a larger market share. Growing consumption of adhesives and sealants used in different industrial applications and rising demand for waterproofing solutions in construction are the primary market growth drivers.Increased awareness of the benefit of waterproofing is leading to the growing utilization of these products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Waterproof Adhesives and Sealant Market Application Insights
The Waterproof Adhesives and Sealant Market is segmented by application into construction, automotive, industrial, and packaging. The construction segment is anticipated to represent the largest share of the market in 2023. This could be attributed to the increasing demand for waterproof adhesives and sealants in the erection of new buildings as well as the repair and maintenance works in existing edifices. The segment that is expected to record the most significant growth during the forecast period is the automotive segment. This could be explained by the elevated demand for vehicles that are light and which consume fuel more efficiently.The industrial segment is expected to experience a steady rise in demand, mainly because of the growing deployment of waterproof adhesives and sealants in the manufacturing of machinery and other types of equipment. The packaging segment is predicted to have a moderately high rate of growth because of the rising demand for these products when packaging food and drink items.
Waterproof Adhesives and Sealant Market Substrate Type Insights
The Waterproof Adhesives and Sealant Market is segmented by Substrate Type into Concrete, Metal, Plastic, and Wood. The Concrete segment is expected to hold the largest market share in 2023, owing to its extensive use in construction applications such as waterproofing roofs, foundations, and other concrete structures.
The Metal segment is projected to witness significant growth over the forecast period due to the rising demand for waterproof sealants in automotive and industrial applications. The Plastic segment is anticipated to grow steadily, driven by the increasing use of waterproof adhesives in packaging and consumer products.The Wood segment is expected to experience moderate growth, primarily driven by the demand for waterproof adhesives in furniture and woodworking applications. Overall, the Waterproof Adhesives and Sealant Market is expected to exhibit steady growth over the next ten years, driven by the increasing demand from various end-use industries.
Waterproof Adhesives and Sealant Market End User Insights
The end-user segment of the Waterproof Adhesives and Sealant Market is classified into DIYers, contractors, and manufacturers. DIYers held the largest market share in 2023, and this trend is expected to continue during the forecast period. The growth of the DIY segment can be attributed to the increasing popularity of home improvement projects and the availability of user-friendly products. Contractors are the second-largest end-user segment, and their demand for waterproof adhesives and sealants is driven by the construction industry's growth.Manufacturers use waterproof adhesives and sealants in the production of various products, such as appliances, electronics, and automotive components. The growing demand for these products is expected to drive the growth of the manufacturers segment during the forecast period.
Waterproof Adhesives And Sealant Market Technology Insights
Solvent-based waterproof adhesives and sealants dominated the market in 2023, accounting for over 45% of revenue. These adhesives and sealants are widely used in construction, automotive, and industrial applications due to their excellent adhesion, flexibility, and resistance to water and chemicals.
Water-based waterproof adhesives and sealants are gaining popularity due to their low VOC content and environmental friendliness. They are expected to witness significant growth in the coming years, especially in the packaging and paper industries.Reactive waterproof adhesives and sealants offer high-performance bonding and sealing capabilities, making them suitable for demanding applications in the aerospace, automotive, and electronics industries. With the increasing demand for lightweight and durable materials, the market for reactive waterproof adhesives and sealants is poised for growth in the coming years.
Waterproof Adhesives and Sealant Market Regional Insights
The Waterproof Adhesives and Sealant Market is segmented into North America, Europe, APAC, South America, and MEA. The APAC region is expected to dominate the market with a significant market share, owing to the increasing demand for waterproofing solutions in the region's rapidly developing construction industry. The region is also home to many manufacturing facilities, which contributes to the growth of the market. North America and Europe are also expected to witness significant growth in the Waterproof Adhesives and Sealant Market due to the presence of a large number of construction projects and the growing awareness of the benefits of waterproofing solutions.The South American and MEA regions are expected to experience moderate growth in the market, driven by the increasing urbanization and the growing demand for waterproofing solutions in these regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Waterproof Adhesives And Sealant Market Key Players And Competitive Insights
In the highly competitive Waterproof Adhesives And Sealant Market industry, major players are continuously seeking to stay ahead of the competition through product innovation, strategic acquisitions as well as intensive marketing efforts. For instance, the leading players in the waterproof adhesives and sealant market are keen on developing environmentally friendly products to support the rising demand for green building materials. Enhancing market presence through partnerships and collaboration between suppliers and customers is another rapidly emerging trend in the industry.
Additionally, new applications and technologies areas like the use of nanotechnology and advanced polymer chemistry are continuously being discovered and incorporated in the manufacturing of Waterproof Adhesives And Sealant Market products. Henkel AG & Co. KGaA, the world’s leading supplier of sealants and adhesives, has been able to command a significant market presence ly.
In the waterproof adhesives and sealant market, Henkel has always remained among the key players, commanding a significant presence through its broad portfolio of products’ offerings targeting various applications. The company is also known for its continued success in new product innovations, thus launching a variety of high-performing adhesives and sealants that are necessarily required within the different verticals, including the construction, automotive as well and aerospace industries. Henkel also boasts of a large number of large manufacturing plants, which are strategically dispersed in over 125 countries, with a large sales and distribution team. The company has also complied with stringent sustainability policies to ensure environmentally friendly product development. The alternative leading key players in the industry include Sika AG, which concentrates its products and services on specialty chemicals provision and the manufacturing of construction materials.
Key Companies in the Waterproof Adhesives And Sealant Market Include
- Wacker Chemie AG
- PPG Industries
- 3M
- Dow
- RPM International Inc.
- B. Fuller Company
- Arkema
- AkzoNobel
- Sika
- Henkel
- Huntsman Corporation
- Bostik
- Avery Dennison
- BASF
- Ashland
Waterproof Adhesives And Sealant Market Industry Developments
The Waterproof Adhesives and Sealant Market is expected to witness significant growth in the coming years, driven by rising demand from various industries such as construction, automotive, and packaging. The market is expected to reach a value of USD 11.9 billion by 2032, exhibiting a CAGR of 5.41% during the forecast period (2024-2032).Recent developments in the market include the increasing adoption of eco-friendly and sustainable waterproof adhesives and sealants, as well as the growing popularity of UV-curable adhesives. Key players in the market are focusing on innovation and expanding their product portfolios to meet the evolving needs of customers.
Waterproof Adhesives And Sealant Market Segmentation Insights
Waterproof Adhesives And Sealant Market Product Type Outlook
- Waterproofing Adhesives
- Sealants
- Primers
Waterproof Adhesives and Sealant Market Application Outlook
- Construction
- Automotive
- Industrial
- Packaging
Waterproof Adhesives and Sealant Market Substrate Type Outlook
- Concrete
- Metal
- Plastic
- Wood
Waterproof Adhesives and Sealant Market End User Outlook
- DIYers
- Contractors
- Manufacturers
Waterproof Adhesives and Sealant Market Technology Outlook
- Solvent-Based
- Water-Based
- Reactive
Waterproof Adhesives and Sealant Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
7.03(USD Billion) |
| Market Size 2023 |
7.41(USD Billion) |
| Market Size 2032 |
11.9(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.41% (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 |
Wacker Chemie AG, PPG Industries,3M, Dow, RPM International Inc., H.B. Fuller Company, Arkema, AkzoNobel, Sika, Henkel, Huntsman Corporation, Bostik, Avery Dennison, BASF, Ashland |
| Segments Covered |
Product Type, Application, Substrate Type, End User, Technology, Regional |
| Key Market Opportunities |
Growing construction industry, increasing demand for durable materials, rising infrastructure spending advancements in adhesive technology expanding residential and commercial building projects. |
| Key Market Dynamics |
Rising construction industry Increasing demand for efficient buildings Growing awareness of waterproofing solutions Technological advancements Expanding applications in automotive and industrial sectors. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Waterproof Adhesives and Sealant Market size was valued at USD 7.41 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 5.41% from 2024 to 2032, reaching a value of USD 11.9 billion by 2032.
The key regions in the Waterproof Adhesives and Sealant Market are North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America held the largest market share in 2023 and is projected to retain its dominance over the review period.
The major applications of Waterproof Adhesives and Sealants include construction, automotive, marine, packaging, and consumer goods. The construction industry is expected to account for the largest share of the market due to the rising demand for adhesives and sealants in various construction applications such as waterproofing, bonding, and sealing.
The key competitors in the Waterproof Adhesives and Sealant Market include Henkel, 3M, Sika, Bostik, Dow, and RPM International. These companies are constantly innovating and developing new products to meet the evolving needs of customers.
The growth drivers for the Waterproof Adhesives and Sealant Market include increasing construction activities, rising demand for energy-efficient buildings, and growing awareness of the importance of waterproofing and sealing in various applications.
The challenges faced by the Waterproof Adhesives and Sealant Market include fluctuating raw material prices, stringent environmental regulations, and competition from alternative products.
The key trends in the Waterproof Adhesives and Sealant Market include the development of sustainable and eco-friendly products, the increasing use of automation in manufacturing processes, and the growing adoption of digital technologies.
The Waterproof Adhesives and Sealant Market is expected to witness steady growth over the forecast period, driven by the increasing demand for construction and infrastructure development, particularly in emerging economies.
The opportunities for growth in the Waterproof Adhesives and Sealant Market include the development of new products and technologies, the expansion into new markets, and the adoption of sustainable practices.
When choosing a Waterproof Adhesive or Sealant, key factors to consider include the type of application, the surface to be bonded or sealed, the environmental conditions, and the desired performance characteristics.
