Waterproof Adhesives and Sealants Market by Chemistry (Silicones, Polyurethane (PU), Acrylics, Epoxy, Polysulfide, and Others), Application (Building and Construction, Transportation, Electrical and Electronics, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026427 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 23.5 billion mark in 2022 and is expected to hit US$ 38 billion by 2030, recording a CAGR of 6% during the forecast period.

 

Technological advancements in the electronic manufacturing industry to drive market growth

Waterproof sealants and adhesives are extensively used for bonding various electronic circuit components in laptops, tablets, and smartphones. Technological advancement in the development of consumer electronic items is expected to drive the market growth.

Within the report, the market is segmented into chemistry, application, and geography. By chemistry, the market is further segmented into silicones, polyurethane (PU), acrylics, epoxy, polysulfide, and others. By Application, the market is segregated into building and construction, transportation, electrical and electronics, and others. Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

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Sustainable waterproof adhesives and sealants is a prominent industry trend

Increasing consumer demand for sustainably made waterproof sealants and adhesives is likely to offer newer market growth opportunities. In addition, manufacturers focus toward developing eco-friendly waterproof composite materials to fulfil residential and commercial industries’ structure building requirements is expected to create newer market avenues. Furthermore, increase in the residential construction activities of green building structures utilizing waterproof composite materials is anticipated to accelerate the market growth during the forecast period of 2022-2030.  

 

 

 

Rising usage in various industries to drive waterproof adhesives and sealants market growth

These materials are extensively used in various industries such as building and construction, transportation, electrical and electronics, and others. Increasing usage of sealants in producing waterproof composite structures in building & construction industry is expected to drive the market growth. In addition, rising adhesives and sealants’ usage in producing waterproof seats, and sealings in trains and other transportation vehicles is further likely to favor the product demand. Increasing materials usage in electrical & electronics industries is also supporting the market growth.   

 

Recent strategic developments in waterproof adhesives and sealants market

The waterproof adhesives and sealants market has undergone several significant developments, and a few of these have been mentioned below:

  • In November 2021, Arkema S.A., a French specialty chemicals maker acquired Bostik’s Brazilian waterproof adhesives business to increase its presence in Brazil.
  • In April 2021, Sika AG, a Switzerland-based specialty chemicals company acquired The Yokohama Rubber Co., Ltd.-owned adhesives business to strengthen its position in Japan.

The waterproof adhesives and sealants market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. 3M, Henkel AG and Co. KGaA, Avery Dennison Corporation, H.B. Fuller Company, Dow are among the prominent players operating in the market.

Target audience for the report:

  • Composite material manufacturer
  • Composite material supplier
  • Composite material dealer and exporter
  • Construction builders
  • Chemical industry-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • End users of adhesives and sealants
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Chemistry:
    • Silicones
    • Polyurethane (PU)
    • Acrylics
    • Epoxy
    • Polysulfide
    • Others  
  • Application:
    • Building and Construction
    • Transportation
    • Electrical and Electronics
    • Others  
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
  • 3M
  • Henkel AG and Co. KGaA
  • Avery Dennison Corporation
  • H.B. Fuller Company
  • Dow  

Companies profiled
- 3M
- Henkel AG and Co. KGaA
- Avery Dennison Corporation
- H.B. Fuller Company
- Dow

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