Silicone and Polyurethane Sealants Lead the Pack with Strong Growth Prospects in the Global Market

Dublin, Oct. 02, 2023 (GLOBE NEWSWIRE) -- The "Sealants - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global Sealants market is poised for impressive expansion, with estimated revenues of US$11.3 billion in 2022, and a projected surge to US$16.6 billion by 2030. This substantial growth is anticipated at a steady CAGR of 4.9% over the analysis period spanning 2022 to 2030.

Silicone and Polyurethane Segments Take the Lead

Within the Sealants market, the Silicone segment stands out, projected to achieve a remarkable 5.6% CAGR, reaching a value of US$6.4 billion by the end of the analysis period. The Polyurethane segment is not far behind, with estimated growth at a solid 5% CAGR over the next eight years.

Global Leaders and Geographic Highlights

The United States Sealants market is estimated at a significant US$2.5 billion in 2022, highlighting strong growth prospects. Meanwhile, China, as the world's second-largest economy, is set to reach an impressive projected market size of US$3.7 billion by 2030, driven by a compelling CAGR of 6.8% from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each forecasted to experience steady growth at 3% and 4%, respectively, during the 2022-2030 period. Within Europe, Germany is expected to grow at a solid 3.8% CAGR.

Key Competitors

1. 3M
2. Alfa International
3. AVERY DENNISON CORPORATION
4. BASF SE
5. BENSON POLYMERS
6. Bostik
7. Carlisle Companies Inc.
8. Dow Chemicals
9. FRANKLIN INTERNATIONAL
10. H.B. Fuller Company
11. Henkel Ag & Co. KGaA
12. Illinois Tool Works Inc.
13. ITW Polymers Sealants
14. Mapei
15. PARAMELT B.V
16. RPM International Inc.
17. Sika AG
18. Solvay
19. Wacker Chemie AG
20. YOKOHAMA INDUSTRIES

Optimistic Economic Outlook

The global economic outlook is showing signs of improvement, with growth recovery expected for the upcoming years. The United States has successfully navigated recession threats despite slowing GDP growth. In the Euro area, easing headline inflation is boosting real incomes and driving economic activity. China is poised for substantial GDP growth as the pandemic recedes, and India is on track to become a trillion-dollar economy by 2030, surpassing Japan and Germany.

Despite these positive trends, various challenges persist, including uncertainty around the war in Ukraine, slower-than-expected global headline inflation decline, and ongoing food and fuel inflation in developing countries. High retail inflation is affecting consumer confidence and spending. Governments are addressing these challenges by raising interest rates to combat inflation, which may impact job creation and economic activity. The regulatory environment is also tightening, with growing pressure to integrate climate change into economic decisions.

Investment Opportunities in Emerging Technologies

While corporate investments may face inflation-related concerns and weaker demand, the rise of new technologies presents opportunities. Generative AI, applied AI, machine learning industrialization, next-generation software development, Web3, cloud and edge computing, quantum technologies, electrification, renewables, and climate technologies are poised to reshape the global investment landscape. These technologies have the potential to drive significant incremental growth and value to global GDP in the coming years.

In this dynamic environment, businesses and leaders who exhibit resilience and adaptability are well-positioned to seize the opportunities that lie ahead.

What`s New?

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and trademarked research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Pandemic Impact and the Global Economic Update: War & Inflation Supersede COVID-19 as Major Downside Risks for the Global Economy in 2023 & Beyond
• Here's How Inflationary Pressures Affect the Economy
• Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
• Stubbornly High Inflation to Single Handedly Drag Down Global Growth
• Here's What's Causing the Current Spike in Inflation
• Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2023
• War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022 to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
• War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
• Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
• Pandemic Hindered Global Sealants Market Growth in 2020 but Vendors Now See New Growth Opportunities Emerging
• Sustainability Now One of the Top Priorities for Adhesive & Sealants Producers
• Competitive Landscape
• Sealants - Global Key Competitors Percentage Market Share in 2023 (E)
• Balancing Demand-Supply Equation
• Surgical Sealants Competitive Scenario
• Medical Adhesives - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
• A Prelude to Sealants Industry
• Despite COVID-19 Crisis Curtailing Growth in the Short-Term, Long-Term Prospects Remain Optimistic for the World Sealants Industry
• Analysis by Segment Type
• World Sealants Market by Type (2023 & 2030): Percentage Breakdown of Value Sales for Silicone, Polyurethane, Acrylic, Latex, Polysulfide, and Other Types
• Rising Demand from End-Use Industries Primes Sealants Market for Lucrative Growth
• World Sealants Market by End-Use (2023 & 2030): Percentage Breakdown of Value Sales for Automotive, Building & Construction, Packaging, Electronics, Healthcare, and Other End-Uses
• Developed Regions Key Sales Generators, Developing Regions to Drive Future Growth
• Outsourced Manufacturing Boosts Demand for Sealants in Developing Countries
• World Sealants Market by Region (2023 & 2030): Percentage Breakdown of Sales for Developed and Developing Regions
• World Sealants Market - Geographic Regions Ranked by CAGR (Sales) for 2022-2030: USA, Canada, Europe, China, Asia-Pacific, Middle East, Latin America, Japan and Africa
• Sealants - A Brief Product Overview
• Classification based on Chemical Constitution
• Other Sealant Types
• Select End-Use Applications of Sealants
• Recent Market Activity
• Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Building & Construction Sealant Market to Drive Long Term Growth
• Market Fortunes Intrinsically Tied to the Global Construction Industry
• Recovery in Global Construction Sector to Post Gains in Long Term
• World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
• Global Value of Megacity Construction Projects (US$ Billion) in 2019
• Trends in the Construction Industry Influence Market Uptake
• Rising Investments in Infrastructure Projects Strengthens Market Prospects
• Global Infrastructure Spending (in US$ Trillion) by Region/Country Over the Period 2010-2030
• Global Infrastructure Spending Estimates (in US$ Trillion) by Sector Over the Period 2013-2030
• Focus on Green Construction Techniques to Boost Market Demand
• Trend Towards Green Construction Fuels Emergence of Sustainable Sealant Solutions
• Anticipated Strong Construction Activity in Developing Countries to Spur Growth for Polyurethane Sealants
• Bituminous Sealants and Caulks: A Popular Choice in Infrastructure Renovation
• Sealants find Growing Application for Structural Glazing
• Adhesive and Sealants Aid EU Construction Sector to Lower Carbon Footprint
• Recovery of Automotive Industry Activates Fresh Growth Opportunities for Sealants Market
• Comparison of Various Automotive Sealant Solutions
• Recap of COVID-19 Impact on the Automotive Industry in 2020
• Global Automobile Production (In Million Units) for the Years 2011 - 2021
• Outlook for 2022 Remains Positive
• Growing Focus on Light Weight Models Drive Strong Business Case for Sealants
• Breakdown of Automotive Material Mix: 2022E
• Lightweighting Trend in Auto Parts: Average Weight of a Passenger Car (In Kgs) for the Years 1990, 2000, 2006, 2016, 2019 and 2023E
• Sealants Gaining Increased Acceptance in Medical Applications
• Surgical Sealants Market
• Select Sealant Materials & their Applications in Surgical Applications
• Hemostats Tissue Sealants Set For Impressive Growth
• Potential Market for Surgical Adhesives and Sealants (2023E): Percentage Share Breakdown of Global Surgical Procedure Volume by Type
• Dental Sealants Market Increasing with Dental Health Awareness
• Use of Non-aerosolizing Procedures for Caries Prevention Recommended amid the Pandemic
• Aerospace - A Potential Market for Sealants
• Global Commercial Aircraft Fleet Size (in Units) by Geographic Region for the Years 2019 & 2039
• Expanding Alternative Energy Market Bodes Well for Sealants Demand
• Global Energy Generation Mix (in %) for 2018 and 2050
• Novel Sealant Solutions Need of the Hour in Flexible Packaging Industry
• Industrial Sealants Beneficial for Various Industrial Applications
• Silicone Sealants - The Major Sealant Technology
• Need for Innovative Products and Growth of Construction Industry Bode Well for Silicon Sealants Market
• Recent Sealant Developments: A Review
• Hybrid Sealants Gain Prominence
• Select Product Innovations: Spearheading Growth
• Eco-Friendly Sealants Rise in Popularity
• Low VOC Sealants Gain High Acceptance
• Key Challenges
• Raw Material Availability and Pricing - Crucial for Sealant Manufacturing
• Environmental Concerns
• Sealant's Inability to Contain Extreme Temperatures
• Stringent Regulations Pertaining to VOC Emissions
• Regulatory Concerns for Medical Sealants

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ddn2k9

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.