Description
Structural sealants are high performance sealants used to block the passage of fluids flowing in between the structures. The most common application of these sealants is in various high strength materials as an alternative to fasteners. According to the type of resins, various structural sealants are available in the market such as silicone, polyurethane, acrylic, polysulfide, and others. Silicone structural sealants is a prominent segment accounting for the highest market share of 34% in 2017 followed by polyurethane, acrylic, and polysulfide among others. Structural sealants exhibit superior properties such as thermal stability, excellent tensile strength and high tear strength. These properties pay way for structural sealants to be used in various industries including automotive, building & construction, marine & aerospace, and wind energy among others.
The global structural sealants market is expected to reach USD 4.077.0 million by 2023 end with a 5.41% CAGR during the forecast period. The protuberant factors and trends driving the global structural sealants market are rising expenditure on construction and infrastructure development in the emerging economies coupled with light and green buildings in the residential as well as commercial sector. Moreover, growing trend of lightweight components in automotive industry to increase fuel efficiency is anticipated to drive the market growth. However, stringent regulation regarding VOC emission and volatility in raw material prices are expected to hamper the market growth. However, rising awareness of green infrastructure, low VOC content, and sustainable sealants in the end use industries provides lucrative opportunity for structural sealant market.
Among the application, construction and automotive industry is the leading application followed by marine & aerospace, general industry among others. The global construction industry witnessed the highest growth and is expected to reach USD 10 trillion by 2020. Rising construction activities in the developing as well as developed regions are anticipated to drive the market growth. On-going airport expansions and Smart city projects are likely to further fuel the market growth. Furthermore, rapid traction of sealants in assembly components are gaining high importance owing to ease of handling, low cost and ability to seal dissimilar substrate is expected to increase the demand of structural sealants in automotive industry.
Global Structural Sealants Market Share, by End Use Industry (2016-2023), (%)
Source: MRFR Report
Regional Analysis
The global structural sealants market is segregated into five regions namely, North America, Asia Pacific, Europe, Latin America and the Middle East & Africa. Asia Pacific is dominating region and is expected to grow at CAGR of 5.69% during the forecast period. China is the leading country in global automotive industry and offers a significant growth potential in the coming years. China accounted for 44.5% share of the market in 2016 and is slated to reach USD 201.5 million by 2023. Increasing demand of passenger cars in China and India owing the growing trend of carpooling is further anticipated to increase automotive production, thereby, driving the structural sealants market.
Europe and North America witnessed substantial growth and registered a CAGR of 5.05% and 5.30% respectively. Stringent regulations have been laid by the Corporate Average Fuel Economy (CAFE) in North America in order to seek alternative methods to reduce weight and further improve efficiency. Moreover, rising demand of composites and subsequent need for structural sealants is expected to boost the market.
Segmentation
The global structural sealants market is segmented on the basis of resin type, end use industry, and region. The resin type is further segregated as silicone, polysulfide, polyurethane, acrylic, and others. Based on end use industry, the market is divided into building & construction, automotive, marine & aerospace, and general industry. Additionally, based on region, the global market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Key Players
Some of the key players operating in the global structural sealants market are BASF SE (Germany), Asian Paints Limited (India), Pidilite Industries, Ltd (U.S.), Roberlo (Spain), AKEMI (Germany), Chemence Ltd. (UK), H.B Fuller (U.S), Dow Corning Corporation (U.S.), Henkel AG & Co. KGaA (Germany) and 3M (U.S.) among others.
Geographic Analysis
The report covers brief analysis of geographical region such as:
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K
o Russia
o Spain
o France
o Italy
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of Latin America
• The Middle East & Africa
o Turkey
o G.C.C. Countries
o Israel
o North Africa
o Rest of the Middle East & Africa
Key Findings
The global structural sealants market is estimated to reach USD 4,077.0 million by 2023, expanding at 5.41% CAGR over the forecast period. Silicon structural sealants is the dominating segment with a market share of 33.46% in 2017 and expected to witness growth with 5.09% CAGR over the forecast period. Polyurethane structural sealant also witnessed substantial growth owing to their extensive consumption in construction and aerospace industry. Geographically, Asia Pacific is the leading region owing to rapid industrialization along with increasing demand of structural sealants in infrastructure activities.
Intended Audience
• Amines producers
• Structural sealants manufacturers
• Agrochemical manufacturers
• Potential investors
• Amines suppliers
• Nationalized laboratory
DC –Description
• Structural sealants
• Structural Glazing
• Silicone Sealants
• High-temperature sealants
• Industrial Glue
• Construction sealants
• Polysulfide sealants
• High-performance fasteners
• Expansion joint sealants
Table of Contents
1 Report Prologue 13
2 Market definition 15
2.1 Scope of the Study 15
2.1.1 Research Objectives 15
2.1.2 Assumptions 16
2.1.3 Limitations 16
2.2 Market Structure 16
3 Research Methodology 17
3.1 Research Process 17
3.2 Primary Research 18
3.3 Secondary Research 18
3.4 Market Size Estimation 18
3.5 Forecast Model 20
4 Market Dynamics 21
4.1 Introduction 21
4.2 Drivers 22
4.2.1 Growing demand for structural sealant in commercial and residential sector 22
4.2.2 Growing trend for lightweight and fuel-efficient vehicle in automotive industry 23
4.3 Restraints 24
4.3.1 Fluctuating raw material cost along with stringent environmental
regulations might hamper the market growth 24
4.4 Trends & Opportunities 25
4.4.1 Rising demand of green, low volatile organic compound (VOC) and
sustainable sealants in construction industry. 25
4.5 Supply Chain Analysis 26
4.5.1 Raw Material Suppliers 26
4.5.2 Structural sealant Producers 27
4.5.3 Structural sealant Distributors 27
4.5.4 End User 27
4.6 Porter’s Five Forces 28
4.6.1 Threat of New Entrants 28
4.6.2 Threat of Rivalry 28
4.6.3 Threat of Substitute 28
4.6.4 Bargaining Power of Supplier 28
4.6.5 Bargaining Power of Buyer 29
5 Global Structural Sealants Market, By Resin Type 30
5.1 Introduction 30
5.2 Silicone 33
5.3 Polyurethane 35
5.4 Acrylic 37
5.5 Polysulfide 39
5.6 Others 41
6 Global Structural Sealant Market, By End Use Industry 43
6.1 Introduction 43
6.2 Building & Construction 46
6.3 Automotive 48
6.4 Marine & Aerospace 50
6.5 General Industry 52
7 Global Structural Sealants Market, By Regions 54
7.1 Introduction 54
7.2 North America 58
7.2.1 U.S. 61
7.2.2 Canada 63
7.3 Europe 65
7.3.1 Germany 68
7.3.2 UK 70
7.3.3 Russia 72
7.3.4 Spain 74
7.3.5 France 77
7.3.6 Italy 79
7.3.7 Rest of Europe 81
7.4 Asia Pacific 83
7.4.1 China 86
7.4.2 Japan 88
7.4.3 India 90
7.4.4 South Korea 92
7.4.5 Rest of Asia Pacific 94
7.5 Latin America 96
7.5.1 Brazil 99
7.5.2 Argentina 101
7.5.3 Rest of Latin America 103
7.6 Middle East & Africa 105
7.6.1 Turkey 108
7.6.2 G.C.C. Countries 110
7.6.3 Israel 112
7.6.4 North Africa 114
7.6.5 Rest of Middle East & Africa 116
8 Competitive Landscape 118
8.1 Introduction 118
8.2 Key Developments of Major Market Players 119
9 Company Profiles 121
9.1 BASF SE (Germany) 121
9.1.1 Company Overview 121
9.1.2 Product/Business Segment Overview 121
9.1.3 Financial Updates 123
9.1.4 Key Developments 124
9.2 Asian Paints Limited (India) 125
9.2.1 Company Overview 125
9.2.2 Product/Business Segment Overview 125
9.2.3 Financial Updates 126
9.2.4 Key Developments 126
9.3 Pidilite Industries Ltd (U.S.) 127
9.3.1 Company Overview 127
9.3.2 Product/Business Segment Overview 127
9.3.3 Financial Updates 128
9.3.4 Key Developments 128
9.4 Roberlo (Spain) 129
9.4.1 Company Overview 129
9.4.2 Product/Business Segment Overview 129
9.4.3 Financial Updates 130
9.4.4 Key Developments 130
9.5 AKEMI (Germany) 131
9.5.1 Company Overview 131
9.5.2 Product/Business Segment Overview 131
9.5.3 Financial Updates 131
9.5.4 Key Developments 131
9.6 Chemence Ltd. (UK) 132
9.6.1 Company Overview 132
9.6.2 Product/Business Segment Overview 132
9.6.3 Financial Updates 132
9.6.4 Key Developments 133
9.7 H.B Fuller (U.S.) 134
9.7.1 Company Overview 134
9.7.2 Product/Business Segment Overview 134
9.7.3 Financial Updates 135
9.7.4 Key Developments 136
9.8 Dow Corning Corporation (U.S.) 137
9.8.1 Company Overview 137
9.8.2 Product/Business Segment Overview 137
9.8.3 Financial Updates 138
9.8.4 Key Developments 138
9.9 Henkel AG & Co. KGaA (Germany) 139
9.9.1 Company Overview 139
9.9.2 Product/Business Segment Overview 139
9.9.3 Financial Updates 140
9.9.4 Key Developments 140
9.10 3M (U.S.) 141
9.10.1 Company Overview 141
9.10.2 Product/Business Segment Overview 141
9.10.3 Financial Updates 142
9.10.4 Key Developments 142
10 Conclusion 143
