sealants Market

The sealants market size is expected to grow from US$ 10.45 billion in 2023 to US$ 14.17 billion by 2031; it is estimated to register a CAGR of 3.9% from 2023 to 2031.

Sealants are used to fill cracks, offer a barrier to air, water, moisture, and seal joints. The market's expansion is attributed to rapid urbanization and industrialization, particularly in the emerging economies. In the automotive sector, the transition towards lightweight and fuel-efficient vehicles has propelled the demand for high-performance sealants. These products are crucial for reducing vehicle weight and enhancing durability by providing a sealing solution. Technological advancements have led to the development of high-performance and efficient sealant formulations offering distinct properties. Furthermore, sustainability trends are influencing the sealants market, with manufacturers increasingly focusing on eco-friendly and low-volatile organic compound formulations. Regulatory authorities are implementing stringent environmental standards to encourage the production and utilization of green alternatives globally.

Based on type, the global sealants market is segmented into silicone sealants, polyurethane sealants, acrylic sealants, polysulfide sealants, butyl sealants, hybrid sealants, and others. The hybrid sealants segment is further broken down into silane modified polymer sealants, polyurethane modified acrylic sealants, and others. The silicone sealants segment held the largest share of the global sealants market in 2023. Silicone is resistant to chemicals, moisture, and weathering, and it can create strong adhesive bonds. Aquariums are often sealed with silicone sealants. Windows and frames are sealed together with silicone sealants as it is weather resistant. Silicone sealants are used as a bonding agent for car engine parts, such as a car gasket. In electronic devices, silicone sealants are used to seal sensors and cables into place. Silicone sealant is more flexible and long-lasting than other types, such as acrylic sealant.

In 2023, Asia Pacific held the largest revenue share of the global sealants market. The growth of various end-use Industries such as building & construction, automotive, aerospace, marine, and electrical & electronics is mainly driving the sealants market in Asia Pacific. The electronics manufacturing industry is an important part of manufactured exports for several Asian nations, including China, South Korea, and Japan. Sealants provide a strong bond during electronics assembly while protecting components against potential damage. The growing construction industry in the region is also creating massive demand for different sealants.

3M Co, Sika AG, Dow Inc, BASF SE, RPM International Inc, Momentive Performance Materials Inc, Arkema SA, HB Fuller Co, Henkel AG & Co KGaA, and ACTEGA DS GmbH are among the prominent players profiled in the sealants market report. Players operating in the global market focus on providing high-quality products to fulfill customer demand. Also, they focus on adopting various strategies such as new product launches, capacity expansions, partnerships, and collaborations in order to stay competitive in the market. The sealants market forecast can help stakeholders plan their growth strategies. In 2023, ACTEGA launched PVC-free ACTEseal heat seal coatings, a breakthrough solution for the coffee capsule market. In 2024, Henkel signed an agreement to acquire the US-based Seal for Life Industries LLC ("Seal for Life") from Arsenal Capital Partners (USA). Further, in 2021, Sika opened a new technology center and manufacturing plant for high-quality adhesives and sealants in India.

The overall global sealants market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the sealants market.