Construction Sealants Market to reach USD 11.2 billion in 2030, at a CAGR of 4.8%

The Construction Sealants Market was at USD 8.1 billion in 2023-e and projected to grow at a CAGR of 4.8% through 2030 to reach USD 11.2 billion. Construction sealants are used to bind and unite the many components and materials to both one another and the main structure. They aid in sealing the spaces between the construction's surfaces and elements, preventing liquids and other materials from leaking via mechanical joints and surfaces.

Polyurethane Segment is Anticipated to Grow at a Significant Pace in the Construction Sealants Market

The polyurethane segment is expected to be the fastest-growing segment owing to its rising use in the building and construction industries due to its ability to provide excellent adhesion, water and chemical resistance, and low Volatile Organic Compounds (VOCs) emissions. In the construction industry, polyurethane construction sealants are a common form of sealant, with a range of qualities that fit a variety of applications. These sealants are manufactured using polyurethane chemistry.

Major market players are promoting innovation in the development of polyurethane-based sealants. For instance, in June 2021, Bostik, a France-based construction company, launched polyurethane sealants for use in the building and construction industries. This range of products meet the needs for both improved technical qualities and long-term performance, such as formulations with minimal isocyanates and solvents, bubble-free construction, and a user-friendly construction industry.

Solvent-based Sealants Segment is Anticipated to Grow at a Significant Pace in the Construction Sealants Market

The solvent-based sealant segment is expected to grow significantly due to its superior appearance and durability. Building and construction sealants with solvent bases are perfect for joining various materials together and provide durable adhesion stability. They are said to be more dependable and feature bonds with high tensile strength. These are frequently used to eliminate unevenness between two substrates and fill up the space between two materials. Construction sealants that employ solvents as their main liquid medium or carrier are known as solvent-based sealants. Usually VOCs are used as these solvents; when the solvents evaporate, a firm, flexible, and sticky seal is left behind.

Increasing Residential Construction is Fueling the Growth of North America in the Construction Sealants Market Growth

North America is expected to be the fastest-growing region in the construction sealant market due to rising residential construction, constant economic growth, and the presence of major players in this market. The rising spending on the construction of residential buildings is a major factor in the growth of this region. For instance, according to the Census Bureau in 2023, in 2022 the amount spent on private home development came to USD 899.1 billion, a 13.3% rise from 2021. These costs represented 62.9% of the total amount spent on construction, a slight increase from 62.0% in 2021.

Construction Sealants Market is Highly Competitive with the Presence of a Large Number of Global and Regional Players

The market is characterized by intense competition due to the presence of numerous international and domestic players. The construction sealants market, in particular, is dominated by key players such as 3M, Arkema, BASF, Dow, DuPont, Evonik, GE Sealants, H.B. Fuller, Henkel, PPG, Sika, Titebond, Tremco and Wacker among others. These industry leaders are primarily focused on acquiring smaller players and innovating their product lines to promote innovation to reduce carbon emissions and enhance stability in the bio-economy.