Construction Sealants Market worth $5.7 billion by 2028 | Key players 3M (US), Arkema (France), Sika AG (Switzerland), Henkel AG & Co. KGaA (Germany), and H.B. Fuller (US).

According to recent market research the "Construction Sealants Market by Resin Type (Silicone, Polyurethane, Polysulfide), Application (Glazing, Flooring & Joining, Sanitary & Kitchen), End-use Industry (Residential, Commercial, Industrial, Infrastructural), and Region - Global Forecast to 2028", is projected to grow from USD 4.7 billion in 2023 to USD 5.7 billion in 2028 at a CAGR of 3.6%. The growth of the global construction sealants market is primarily driven by the increasing usage of silicone, hybrid, and polyurethane sealants. Polyurethane has made significant contributions to sealant bonding technology, making several different feedstock materials available for manufacturing sealants that exhibit a broad spectrum of performance characteristics.

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Polyurethane sealants are polymers that contain urethane linkages in the molecular backbone, regardless of the chemical composition of the rest of the chain. Thus, a urethane sealant can be based on a wide range of polymers, given that they can be reacted to form a urethane linkage. These polymers may comprise different aliphatic and aromatic hydrocarbons, esters, ethers, amides, urea, and allophanate groups. This, in turn, results in the availability of a very wide range of raw materials for different formulations.

Glazing is the fastest application segment in the construction sealants market. There is increasing demand for sealants that provide flexibility and resist cracks under extreme weather conditions in hospitals, houses, public buildings, schools, and entertainment parks. Polyurethane sealants are used for installing, assembling, and repairing glass. They can be either used for structural glazing or conventional glazing, depending upon the requirement of the application.

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Asia Pacific accounts for the largest share of the construction sealants market globally. Factors such as rapidly growing construction activities and an increasing and huge addressable population base are driving the construction sealants market in the Asia Pacific region. China has been the driving force behind the rapid expansion of the construction sealants market in the Asia Pacific region and across the globe.

Key Market Players

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

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3M Company, also known as Minnesota Mining and Manufacturing Company, is a multinational conglomerate corporation based in the United States. Founded in 1902, 3M is headquartered in St. Paul, Minnesota. The company operates in various sectors, including industrial, healthcare, consumer goods, and safety and graphics. 3M is well-known for its innovation and diverse range of products. The company's success lies in its ability to develop and manufacture a wide array of products across multiple industries. 3M's core strength is in research and development, with a focus on applying science and technology to create practical solutions for customers. It operates with production sites in 70 countries worldwide and offers products and solutions to customers in approximately 200 countries in the Americas, Asia Pacific, Europe, and the Middle East & Africa.

Arkema is a global player in the specialty chemicals and advanced materials market. The company is among the top four adhesives & sealants producers in the world. It operates through four business segments, namely, adhesive solutions, advanced materials, intermediates, and coating solutions. Arkema has 148 production sites across 55 countries. The company operates in Europe, North America, Asia Pacific, South America, Africa, and the Middle Eastern regions. In February 2015, Arkema bought oil major TOTAL's adhesives business, Bostik, for USD 2.24 billion. With this acquisition, the group reached a new milestone in becoming a world leader in specialty chemicals and advanced materials. Bostik's growth prospects, along with the synergy between the two groups, will sustain the success of this high-value-creating acquisition.

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