At 3.5% CAGR, Europe Sealants Market is Projected to be Worth US$ 2,844.00 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Europe sealants market was valued at US$ 2,154.90 million in 2023 and is expected to reach US$ 2,844.00 million by 2031, registering a CAGR of 3.5% from 2023 to 2031. Strategic product launches in the sealants market and rising demand in automotive industry are among the critical factors attributed to drive the Europe sealants market growth.

Key manufacturers operating in the sealants market invest significantly in strategic development initiatives such as product innovation, business expansion, and research and development to enhance their market position and attract a wide customer base. In March 2023, Dow expanded its product portfolio with silicone sealant products to offer photovoltaic (PV) module assembly materials, supporting the global movement toward renewable energy. The DOWSIL PV product line contains six silicone-based sealants and adhesives solutions that offer durability and performance for frame sealing, rail bonding, junction box bonding and potting, and building integrated photovoltaics (BIPV) installation materials. In 2022, Bostik launched a comprehensive range of sealants developed for construction applications. The Bostik Pro Sealants range features high and low modulus formulations, and it offers high performance, made available in post-consumer recycled cartridges, reducing the net effect of plastic on the environment. In 2022, Evonik launched the sustainable liquid polybutadienes with POLYVEST Eco, used as a raw material for the production of adhesives and sealants for application in end-use industries such as automotive, electronics, construction, and others. Thus, rising product innovations are expected to create lucrative opportunities in the sealants market during the forecast period.

On the contrary, fluctuations in raw material prices hamper the growth of Europe sealants market.

Based on type, the Europe sealants market is segmented into silicone sealants, polyurethane sealants, acrylic sealants, polysulfide sealants, butyl sealants, hybrid sealant, and others. The silicone sealants segment held 46.1% market share in 2023, amassing US$ 992.47 million. It is projected to garner US$ 1,318.21 million by 2031 to register 3.6% CAGR during 2023-2031.

In terms of application, the Europe sealants market is categorized into waterproofing, insulation, bonding and sealing, soundproofing, and others.

By end user, the Europe sealants market is divided into building & construction, automotive, electronics, healthcare, aerospace & defense, marine, energy & power, and others.

Based on country, the Europe sealants market is categorized Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 40.5% share of Europe sealants market in 2023. It was assessed at US$ 872.97 million in 2023 and is likely to hit US$ 1,108.78 million by 2031, registering a CAGR of 3.0% during 2023-2031.

Key players operating in the Europe sealants market are 3M Co, ACTEGA DS GmbH, Arkema SA, BASF SE, Dow Inc, HB Fuller Co, Henkel AG & Co KGaA, Momentive Performance Materials Inc, RPM International Inc, and Sika AG, among others.

• In 2023, ACTEGA, launched PVC-free ACTEseal heat seal coatings a breakthrough solution for the coffee capsule market.

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