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Evolving Market Trends In The Waterproof Adhesives And Sealants Industry: Introducing Novel Waterproof Adhesives And Sealants
The Waterproof Adhesives And Sealants Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Waterproof Adhesives And Sealants Market Size During the Forecast Period?
In the past few years, the market for waterproof adhesives and sealants has seen significant growth. It is projected to rise from $26.82 billion in 2024 to $28.93 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.9%. The increase in the historic period is believed to have been driven by factors such as changing weather conditions, use within the healthcare industry, trending sustainability, applications in electronics and electrical sectors, and uptake by the automotive industry.
In the coming years, the market size for waterproof adhesives and sealants is projected to witness significant growth, reaching $40.23 billion by 2029, with an 8.6% compound annual growth rate (CAGR). The expected growth during this forecast period can be attributed to factors such as the demand for customization and versatility, impact of climate change, advancements in nanotechnology and preference for high-quality materials, as well as their applications in consumer goods. Key trends predicted for this forecast period include sustainable products, innovative strategies, technological advancements, and strategic partnerships.
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What Are the High-Growth Segments in the Waterproof Adhesives And Sealants Market?
The waterproof adhesives and sealants market covered in this report is segmented -
1) By Type: Adhesives, Sealants
2) By Chemistry: Silicones, Polyurethanes, Acrylics, Epoxy, Polysulfide, Other Chemistries
3) By End-Use Industry: Building And Construction, Transportation, Electrical And Electronics, Other End-Use Industries
Subsegments:
1) By Adhesives: Polyurethane Adhesives, Epoxy Adhesives, Silicone Adhesives, Acrylic Adhesives, Polyvinyl Acetate (PVA) Adhesives
2) By Sealants: Silicone Sealants, Polyurethane Sealants, Acrylic Sealants, Butyl Sealants, Rubber Sealants
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What Key Drivers Are Expected to Influence Future Waterproof Adhesives And Sealants Market Growth?
The surge in building and construction activities is predicted to boost the rise of the waterproof adhesives and sealants market in the future. This sector encompasses the manufacturing and trading of buildings, infrastructure maintenance, repairs, renovations, and more. Waterproof adhesives and sealants offer a range of functionalities in this sector, including liquid and fluid prevention from penetrating surfaces and mechanical joints, providing waterproofing to construction materials, and other uses. For example, as per the Office of National Statistics, a UK-based organization, in November 2023 the new construction work's value in Great Britain jumped by 15.8% in 2022, hitting a historic £132,989 million ($173,604) since 2021, spurred by both the private and public sectors. Likewise, new construction orders also experienced a growth of 11.4% in 2022, amounting to £80,837 million ($105,525 million) from 2021, with significant input from private infrastructure and commercial sectors. In Quarter 3 (July to Sept) of 2022, the count of registered construction companies rose by 5.9% relative to 2021, whereas the workforce also increased by 3.3%, totalling 1.4 million employees in 2022 compared to 2021. The Output Price Index for construction work demonstrated solid growth, rising by 8.8% by December 2022. Consequently, the booming building and construction sector is fuelling the expansion of the waterproof adhesives and sealants market.
Which Companies Hold the Largest Share Across Different Waterproof Adhesives And Sealants Market Segments?
Major companies operating in the waterproof adhesives and sealants market are 3M Company, Henkel AG & Co. KGaA, H.B. Fuller Company, Huntsman Corporation, Bostik Inc., Sika AG, Mapei SpA, Eastman Chemical Company, Arkema SA, RPM International Inc., Pidilite Industries Limited, Franklin International In., ITW Performance Polymers, Permabond LLC, Dymax Corporation, Master Bond Inc., LORD Corporation, Hexion Inc., Ashland Global Holdings Inc., Royal Adhesives & Sealants LLC, Chemence Inc., Hernon Manufacturing Inc., Parson Adhesives Inc., DAP Products Inc., Red Devil Inc., Gorilla Glue Inc.
What Trends Are Driving Growth in The Waterproof Adhesives And Sealants Market?
Leading enterprises involved in the waterproof adhesives and sealant industry are focusing on bringing innovative products to offer comprehensive solutions in this realm. For instance, the France-based Saint-Gobain, known for designing, manufacturing, and distributing various materials and solutions, introduced OneBond in January 2023. This versatile range of adhesives and sealants, suitable for kitchen and bathroom uses, offers silicon sealants resistant to diverse factors such as sunlight, saltwater, temperature fluctuations, humidity, and ozone. Additionally, it comes with further features like fire and electrical safety. The polyurethane range within OneBond is specifically created for challenging applications, equipped with high resistance against punctures, tears, abrasion, low gas leakage, and antimicrobial properties. Moreover, the MS-Hybrid sealants within the range merge the sturdiness of polyurethanes and the weather-resiliency of silicones, thus effectively soaking up vibrations and structural shifts.
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What Are the Emerging Geographies for The Waterproof Adhesives And Sealants Market Growth?
Asia-Pacific was the largest region in the waterproof adhesives and sealants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waterproof adhesives and sealants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Waterproof Adhesives And Sealants Market?
2. What is the CAGR expected in the Waterproof Adhesives And Sealants Market?
3. What Are the Key Innovations Transforming the Waterproof Adhesives And Sealants Industry?
4. Which Region Is Leading the Waterproof Adhesives And Sealants Market?
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