The waterproof adhesives and sealants global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Waterproof Adhesives And Sealants Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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.
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Scope Of Waterproof Adhesives And Sealants Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Waterproof Adhesives And Sealants Market Overview
Market Drivers –
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.
Market Trends –
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 OneBond, 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. OneBond’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 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
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Regional Insights –
Asia-Pacific was the largest region in the waterproof adhesives and sealants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waterproof adhesives and sealants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the waterproof adhesives and sealants market report are 3M Company, Henkel AG & Co. KGaA, Avery Dennison Corporation, H.B. Fuller Company, Dow Corning Corporation, Huntsman Corporation, Bostik Inc., Sika AG, Mapei SpA, ExxonMobil Corporation, Eastman Chemical Company, Baxter International Inc., Arkema SA, RPM International Inc., Pidilite Industries Limited, Franklin International In., ITW Performance Polymers, Permabond LLC, Dymax Corporation, Master Bond Inc., LORD Corporation, Hexion Inc., Ashland Global Holdings Inc., Royal Adhesives & Sealants LLC, Chemence Inc., Hernon Manufacturing Inc., Parson Adhesives Inc., DAP Products Inc., Red Devil Inc., Gorilla Glue Inc.
Table of Contents
1. Executive Summary
2. Waterproof Adhesives And Sealants Market Report Structure
3. Waterproof Adhesives And Sealants Market Trends And Strategies
4. Waterproof Adhesives And Sealants Market – Macro Economic Scenario
5. Waterproof Adhesives And Sealants Market Size And Growth
…..
27. Waterproof Adhesives And Sealants Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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