Global Waterproof Adhesives and Sealants Market - 2021-2028
Waterproof Adhesives and Sealants Market Overview
The global waterproof adhesives and sealants market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Waterproof adhesive and sealants are strong, permanent glue to repair indoors and outdoors from electrical connections to seams on boots to stop leaks in wet weather. They have extensive application across industrial, residential, and commercial industries due to their superior adhesion properties and cost-effectiveness, making them preferable in the current growing market.
The growing industrialization and urbanization owing to advancement in the infrastructure and growing population as well have propelled the construction industry, resulting in, positive impact on the floor adhesive market during the forecast period.
Waterproof Adhesives and Sealants Market Dynamics
Increasing demand for adhesives & sealants from the building & construction industry
The developing populace and urbanization are driving the private development fragment in non-industrial nations like China, India, Indonesia, Vietnam, Brazil, and Mexico. There is an expanding interest for lasting houses in these nations, which, thusly, is driving the interest for adhesives and sealants. There are different utilizations of cements and sealants in the development business, like floor covering, tiling, backdrops, and outside protection frameworks. Cements and sealants are additionally used to hold blind divider boards and protecting glass units set up. Henceforth, the expanding interest for cements and sealants from the development business is a vital driver for the market.
With uses coming to more than 1,293 billion U.S. dollars, the United States is the one of the biggest development markets around the world. After the downturn, development projects that were once slowed down have now sped up their advancement indeed. Positive patterns in the private market are the essential drivers of the thriving development industry development.
Stringent environmental regulations regarding the Volatile Organic Compounds (VOC) emissions are likely to hinder the two-part adhesive market
Environmental regulations and specifications from international bodies, federal state, local governments and different NGOs are becoming prevalent. For instance, CARB (California Air Resources Board) regulations and LEED (Leadership in Energy and Environmental Design) certification requirements are required at the forefront of regulatory issues involving adhesives. Both the bodies limit generated VOCs and formaldehyde in adhesives. Depending on the amount and type of VOCs emitted, these can disrupt ecosystems and have crippling effects on the environment, such as global warming, acid rain and several serious health issues.
Waterproof Adhesives and Sealants Market Segment Analysis
Based on chemistry, waterproof adhesives and sealants market is segmented into silicones, PU, acrylics, epoxy, polysulfide, and Others
Silicone is expected to dominate the waterproof adhesives and sealants market over the forecast period
The unique chemical structure of silicone offers excellent adhesion properties over other materials. Silicone bonds can resist pressure, stress and can be stable over extreme temperature conditions. Due to their versatility, silicone adhesives and sealants deliver reliable and long-lasting adhesion to different substrates ranging from glass, metals and plastics. Silicone adhesives and sealants offer resistance to extreme temperatures, unparalleled flexibility and durability.
Moreover, silicone material retains its properties over a long period and gives an excellent performance compared to other materials due to flexibility and strength. The unique properties of silicone adhesives and sealants make it suitable for various applications in electronics, structural glazing of facade in construction and medical tapes in the healthcare industry
Waterproof Adhesives and Sealants Market Geographical Analysis
Asia-Pacific has emerged as one of the leading producers and consumers of adhesives & sealants due to the increasing construction and automation industry. The economic growth in emerging markets such as China, India, Indonesia, Malaysia, Thailand, and Vietnam contribute to the increase in the number of infrastructure projects, which is expected to drive the demand for adhesives & sealants in the building & construction application. For instance, the Chinese government has massive construction plans, including making provisions for the movement of 250 million people to its new megacities during the next ten years. As per the National Bureau of Statistics (NBS), real estate investment in China rose 7.0% in 2020 from a year earlier, accelerating from a 6.8% gain in the first 11 months of the year.
Moreover, the automotive & transportation industry is one of the major consumers of adhesives & sealants in this region, dominated by the Asia-Pacific.
Waterproof Adhesives and Sealants Market Competitive Landscape
The waterproof adhesives and sealants market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include 3M Company, Huntsman, Bostik S.A., Dow Corning, H.B. Fuller, Henkel AG & Company, Mapei, Sika AG, Eastman Chemical Company, Avery Dennison Corporation among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the waterproof adhesives and sealants market globally.
Henkel AG & Co. KGaA
Overview: Henkel AG & Co. KGaA is a multinational, German-based chemical and consumer goods company. It is headquartered in Dusseldorf, Germany.
Product Portfolio: The company is organized into three globally operating business units: adhesive technologies, laundry & home care, and beauty care. The company serves waterproof adhesives and sealants under Loctite brand.
The global Waterproof Adhesives and Sealants market report would provide an access to an approx. 53 market data table, 44 figures and 228 pages.
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