The Waterproof Adhesives and Sealants Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Waterproof Adhesives And Sealants Global Market Report 2024, The waterproof adhesives and sealants market size has grown strongly in recent years. It will grow from $24.96 billion in 2023 to $27 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to impact of weather conditions, healthcare sector utilization, sustainability trends, electronics and electrical applications, automotive industry adoption.
The waterproof adhesives and sealants market size is expected to see strong growth in the next few years. It will grow to $36.7 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to customization and versatility demand, climate change impact, advancements in nanotechnology, preference for high-performance materials, consumer goods applications. Major trends in the forecast period include sustainable products, innovative solutions, technological advancements, strategic collaborations.
The expanding building and construction industry is expected to propel the growth of the waterproof adhesives and sealants market going forward. Building and construction industry involves manufacturing and trading buildings, maintaining infrastructures, repairing and renovating buildings and infrastructure, and others. Waterproof adhesives and sealants provide several applications in the building and construction industry, such as preventing fluids and other liquid substances from passing through surfaces and mechanical joints, waterproofing building and construction materials, and other applications. For instance, according to Rethinking the Future, an India-based platform for architecture & design, by 2024, the Canadian construction industry will grow at an 8.5% compound annual growth rate (CAGR). This will increase the value of Canada’s construction industry to $354.9 billion (USD). Furthermore, in 2022, according to the U.S. Construction Cost Trends report, there is a rise in residential construction, which will continue to drive up demand for materials and labour, escalating competition and cost pressures. In the U.S., total construction spending has increased by 16% since the pandemic’s onset. Therefore, the expanding building and construction industry is driving the growth of the waterproof adhesives and sealants market.
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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.
Top Major Players:
- 3M Company
- Henkel AG & Co. KGaA
- Avery Dennison Corporation
- H.B. Fuller Company
- Dow Corning Corporation
Asia-Pacific was the largest region in the waterproof adhesives and sealants market in 2023.
Major companies operating in the waterproof adhesives and sealants market are introducing novel waterproof adhesives and sealants to provide a comprehensive solution for adhesives and sealants. For instance, in January 2023, Saint-Gobain, a France-based designs, manufactures and distributes materials and solutions, launched One Bond, a versatile range of adhesives and sealants designed for bathroom and kitchen applications. The silicone sealants in the range offer resistance to sunlight, seawater, temperature variations, humidity, and ozone, with added properties such as electricity and fire protection. One Bond’s polyurethane range is tailored for demanding applications, providing high resistance to punctures, tears, abrasion, low gas permeability, and antimicrobial features. Additionally, the MS-Hybrid sealants combine the durability of polyurethanes with the weather resistance of silicones, absorbing vibrations and structural movement.
The waterproof adhesives and sealants market report table of contents includes:
1. Executive Summary
2. Waterproof Adhesives and Sealants Market Characteristics
3. Waterproof Adhesives and Sealants Market Trends And Strategies
4. Waterproof Adhesives and Sealants Market – Macro Economic Scenario
5. Global The Waterproof Adhesives and Sealants Global Market Size and Growth
…….
26. Global Waterproof Adhesives and Sealants Market Competitive Benchmarking
27. Global Waterproof Adhesives and Sealants Market Competitive Dashboard
28. Key Mergers And Acquisitions In Waterproof Adhesives and Sealants Market
29. Waterproof Adhesives and Sealants Market Future Outlook and Potential Analysis
30. Appendix
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