Global Waterproof Adhesives and Sealants Market, By Chemistry (Silicones, Polyurethane (PU), Acrylics, Epoxy, Polysulfide, and Others), Application (Building and Construction, Transportation, Electronics and Electrical, and Others) – Industry Trends and Forecast to 2029.
Waterproof Adhesives and Sealants Market Analysis and Size
The global waterproof adhesives and sealants market is mainly driven by the rising adoption of green, sustainable and non-hazardous adhesives. Growing use of waterproof adhesives and sealants to replace the traditional adhering and binding methods such as clasping, mechanical screwing and welding in the end-user industries are expected to boost the growth of waterproof adhesives and sealants market. The “polyurethane” is the highest growing type segment of the market because it is widely used in the production of high-performance waterproof adhesives and sealants for applications over the forecast period, Also, increasing demand of waterproof adhesives and sealants bonding in various plastics, composites, and many lightweight materials in the construction, automotive, and aviation industries will drive the market in the forecast period.
Data Bridge Market Research analyses that the waterproof adhesives and sealants market is expected to undergo a CAGR of 6.50% during the forecast period. This indicates that the market value, which was USD 21.45 billion in 2021, would rocket up to USD 35.50 billion by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Waterproof Adhesives and Sealants Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Chemistry (Silicones, Polyurethane (PU), Acrylics, Epoxy, Polysulfide, and Others), Application (Building and Construction, Transportation, Electronics and Electrical, and Others)
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered
DuPont (U.S.), SOLVAY (Belgium), Dow (U.S.), Henkel AG and Co. KgaA (Germany), 3M (U.S.), Bostik (France), Sika AG (Switzerland), H.B. Fuller (U.S.), BASF SE (Germany), DAP Global Inc.(U.S.), Owens Corning (U.S.), The Chemours Company (U.S.), Paroc Group (Finland), Kingspan Group (Ireland), DAIKIN (Japan), GAF (U.S.), SOLVAY (Belgium), Saint-Gobain (France), Franklin International (U.S.), Illinois Tool Works Inc. (U.S.), AVERY DENNISON CORPORATION (U.S.) Three Bond Holdings Co., Ltd. (Japan), Dymax (U.S.), Ashland (U.S.), Shell (U.K.)
Waterproof adhesives and sealants are those adhesives and sealants resistant to water. They are used to seams and seal joints in waterproofing applications. The most general use of these adhesives and sealants are in roofing applications, mainly used to prevent water infiltration. They are also used in several other automotive, marine and construction applications.
Global Waterproof Adhesives and Sealants Market Dynamics
- Growing demand of waterproof adhesives and sealants from several end user industries
Waterproof adhesives and sealants is used in several end user industries such automotive, construction, electronics, aerospace and others. The demand of these adhesive and sealants increase due to their excellent waterproofing quality. This is the major factor which is expected to drive the growth rate of the waterproof adhesives and sealants market.
- High demand of waterproof adhesives and sealants in transportation
Transportation is another major application for these products because they are used to ensure the water resistance when exposed to rainwater or during the marine transportation Sealants are also being progressively used for bonding railway sleepers together during the installations of flooring which are expected to drive the growth rate of the waterproof adhesives and sealants market.
- High use of polyurethane in waterproof adhesives and sealants
Polyurethanes are extensively used in the production of high-performance waterproof adhesives and sealants for applications, such as foundation, gutters, isolation joints, and roofing, expansion, and control joints in the building and construction industry. They are often termed potting compounds which are also used in the electronics and electrical industry to seal, encapsulate, and insulate fragile, underwater cables, pressure-sensitive and printed circuit boards.
- Growing demand for sustainable, green and low VOC adhesives
Environmental regulations, specifications and limitations are becoming increasingly prevalent. Volatile organic compounds (VOC) has derived from different sources which can mainly found in any indoor environment. Hence the demand for the sustainable and green waterproof adhesives and sealants are continuously increasing and encourages new ways for manufacturing sustainable waterproof adhesives and sealants which helps to reduce VOCs. Biodegradable waterproof adhesives and sealants are mainly designed for breaking down micro-organisms and bacteria.
Furthermore, modernization and technological advancements in waterproof adhesives and sealants industries will further create immense opportunities for the growth of the waterproof adhesives and sealants market during the forecast period of 2022- 2029.
- High cost of raw materials
The demand of the waterproof adhesives and sealants may be restrained by increasing the prices of raw materials. They are more expensive than other traditional adhesive, which is restraining the demand from the consumer’s perspective.
This waterproof adhesives and sealants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the waterproof adhesives and sealants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Waterproof Adhesives and Sealants Market
The outbreak of COVID-19 pandemic has adversely adverse affected the growth of the several industries including waterproof adhesives and sealants worldwide. It has also posed unprecedented challenges on the sales, demand and production of waterproof adhesives and sealants which considering the delayed activities across the electronics, automotive and many other sectors. This is on account of the advent of unfavourable situations, including the scarcity of labour and raw materials caused by the imposition of the social distancing and lockdown norms.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
- In December 2020, H.B. Fuller had declared readily available adhesive grades for extreme cold storage of vaccines and medication packaging with hot melt advanced technology. Advantra adhesives deliver a secure bond with tamper evident fiber tear.
- In February 2022, H.B. Fuller has acquired Fourny nv which is a Belgium-based company, This company operates within H.B. Fuller’s which is existing Construction Adhesives global business unit. This collaboration includes an RandD center and one factory which is based in Willebroek, Antwerp, in Belgium. This collaboration enhances its product offering and strengthens the position of H.B. Fuller in the country.
Global Waterproof Adhesives and Sealants Market Scope
The waterproof adhesives and sealants market is segmented on the basis of chemistry and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Polyurethane (PU)
- Building and Construction
- Electronics and Electrical
Waterproof Adhesives and Sealants Market Regional Analysis/Insights
The waterproof adhesives and sealants market is analysed and market size insights and trends are provided by country, chemistry and application as referenced above.
The countries covered in the waterproof adhesives and sealants market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the waterproof adhesives and sealants market during the forecast period due to the high demand for adhesives and sealants from plywood applications in the furniture industry
North America will continue to project the highest compound annual growth rate during the forecast period of 2022-2029 due to the growing end user industries such as electronics, transportation, and medical in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Waterproof Adhesives and Sealants Market Share Analysis
The waterproof adhesives and sealants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to waterproof adhesives and sealants market.
Some of the major players operating in the waterproof adhesives and sealants market are:
- DuPont (U.S.)
- SOLVAY (Belgium)
- Dow (U.S.)
- Henkel AG and Co. KgaA (Germany)
- 3M (U.S.)
- Bostik (France)
- Sika AG (Switzerland)
- H.B. Fuller (U.S.)
- BASF SE (Germany)
- DAP Global Inc. (U.S.)
- Owens Corning (U.S.)
- The Chemours Company (U.S.)
- Paroc Group (Finland)
- Kingspan Group (Ireland)
- DAIKIN (Japan)
- GAF (U.S.)
- SOLVAY (Belgium)
- Saint-Gobain (France)
- Franklin International (U.S.)
- Illinois Tool Works Inc. (U.S.)
- AVERY DENNISON CORPORATION (U.S.)
- Three Bond Holdings Co., Ltd. (Japan)
- Dymax (U.S.)
- Ashland (U.S.)
- Shell (U.K.)