Waterproof Adhesives and Sealants Market: Global Industry Analysis (2022-2029) by Chemistry, End-Use Industry, and Region

Waterproof Adhesives and Sealants Market size was valued at USD 22.13 Bn. in 2021 and the market revenue is expected to grow at 6.2% from 2022 to 2029, reaching nearly USD 35.81 Bn.

Waterproof Adhesives and Sealants Market Overview:

Adhesives are chemical compounds that are used to join two different surfaces into a single entity that cannot be readily separated. Adhesives with high tensile and shear strength, such as glue, mucilage, paste, and cement, are used for a variety of holding and bonding activities. Sealants have adhesive qualities and are used to seal, fill, and waterproof gaps between two surfaces. Sealants, as opposed to adhesives, provide resistance to substrate movement, allowing for more flexibility between surfaces. Similarly, adhesives and sealants with high shear and tensile strength have a wide range of applications in the building and construction industry. Construction adhesives and sealants are widely utilized in a variety of applications, including tapes and labels, roofs and floors, and insulating materials. As a result of these reasons, the construction adhesives and sealants market is expected to grow substantially during the forecast period. The rising demand for ceramic tiles, pre-finished panels, roofing, wall coverings, cement, pipe cement, flooring underlayment, countertop lamination, drywall lamination, HVAC, and other applications is expected to increase the global demand for construction adhesives and sealants. Additionally, the development of high-performance adhesives and sealants such as eco-friendly sealants as well as UV cure adhesives and sealants are some of the main innovations that are expected to increase the market growth. These high-performance adhesives and sealants contribute to the reduction of material waste, costs, processing time, and application time. Waterproof Adhesives and Sealants MarketTo know about the Research Methodology :- Request Free Sample Report

Waterproof Adhesives and Sealants Market Dynamics:

Rising public infrastructure investment across the globe

Governments in developing economies are striving to improve public infrastructures such as electricity grids, roads, bridges, trains, water treatment facilities, airports, and telecommunications. The majority of these developing countries are in Asia, where the environment is moist. Waterproof adhesives are required to preserve the integrity and longevity of these structures. The Asian Infrastructure Bank, headquartered in Beijing, China, actively participates in funding infrastructure pipelines throughout the Asian area. The Asia Development Bank (ADB) estimates that the area needs USD 1.7 trillion in finance each year. Various infrastructure projects, such as Singapore's Cross Island line project, India's construction of a waterway freight corridor, and an expenditure of around USD 738 million on the building of Singapore waterway tunnel systems, are expected to raise the demand for waterproof adhesives. Tourism is an important aspect of the economy of several European nations, including Spain and Italy. These countries' public infrastructure also serves as a public draw. However, the tourist sector was severely hit by the COVID-19 pandemic; the industry in Spain is expected to recover to 88% of pre-pandemic levels by 2022. In an established economy like North America, infrastructure development has a multiplier impact on the country's industrial and manufacturing growth. The US economy is dependent on its massive network of infrastructure, which includes highways and bridges, freight railroads and ports, and power grids. According to GlobalData data, the construction project index is between -5 and 5. In January 2022, the North American infrastructure building project momentum index was 1. The Transportation Infrastructure Finance and Innovation Act (TIFIA) of the United States offer long-term, cost-effective funding for infrastructure projects. According to the Congressional Research Service (CRS), this act has resulted in roughly USD 25 billion in funding. The US government launched a USD 2 trillion infrastructure plan in March 2022.  

Scarcity and price fluctuations in raw materials

The cost and the availability of raw materials are major factors for adhesive producers in evaluating the operating costs of their products. Plastic resins, synthetic rubber, industrial inorganic chemicals, and refined petroleum products are among the raw materials utilized by the waterproof adhesive industries. The majority of these basic materials are petroleum-based derivatives that are susceptible to commodity price volatility. Oil prices have recently experienced extraordinarily dramatic swings on either side. The costs of various resins have reached an all-time high. There is a high export demand for resins from the United States in North America, but freight limitations have restricted sales. As a result, Mexico has emerged as the most feasible export choice. This condition also generates price fluctuations. Because of the COVID-19 pandemic, prices of synthetic and bio-based chemicals have risen due to a lack of supply and limited imports, which is expected to raise the cost of chemicals.  

Non-hazardous and sustainable adhesives bring lucrative opportunities

The United States Environmental Protection Agency (USEPA), Europe's Registration, Evaluation, Authorisation, and Restriction of Chemicals (REACH), Leadership in Energy and Environmental Design (LEED), and other regional regulatory bodies have compelled waterproof adhesives and sealants manufacturers to produce eco-friendly products with no- or low-VOC levels. Manufacturers have seen tremendous growth as a result of the trend toward more sustainable products.

Stringent regulatory policies

Stringent regulatory standards control the adhesives and sealants industry. As a result, waterproof adhesives and sealants producers must follow regional, state, national, and global VOC requirements. As a result, many adhesive suppliers must make significant efforts to modernize their processes and comply with new standards. Additionally, the adhesives and sealants business is subject to periodic regulatory changes. The Construction Products Regulation (CPR) imposed new requirements, such as regulation (EU) No 305/2011, for construction product marketing in the EU. Manufacturers of adhesives and sealants must follow certain guidelines and criteria to commercialize their goods. Such tight and constantly changing laws are hampering the market growth.

Waterproof Adhesives and Sealants Market Segment Analysis:

By Chemistry, the Silicones segment dominated the Waterproof Adhesives and Sealants market in terms of market share in 2021 and is expected to maintain its dominance at the end of the forecast period. Rising construction projects and infrastructure investment are driving the segment growth. The growth of the segment is expected to boost by the development of chemical/industrial process plants, stadiums, bridges, museums, music halls, research centers, and medical buildings. These adhesives and sealants are in great demand due to their utilization in high-growth operations such as transverse reinforcement between incompatible materials and weather sealing in high-rise structures, airport runways, and highways. Silicones are silicon and oxygen polymers. They are lightweight, non-flammable, colorless, and transparent materials with a unique quality that makes them particularly valuable in a variety of end-use sectors. Silicone sealants and adhesives have grown in popularity due to their superior chemical and physical qualities, which include great heat resistance and the ability to tolerate significant temperature fluctuations. Glazing, flooring and joining, sanitary & kitchen, decorative, and window & door systems are just a few of the applications for silicone-based adhesives and sealants. These applications are increasing, which has driven the growth of the silicone-based waterproof adhesives and sealants market. The rising use of silicone waterproof sealants in new construction applications such as weatherproofing, decorating, structural bonding, ducting, and structural glazing is driving the need for silicones in waterproof adhesives and sealants. Waterproof Adhesives and Sealants Market The Polyurethanes segment is expected to grow rapidly in terms of revenue during the forecast period. Polyurethanes are a type of synthetic, thermosetting polymers with good chemical resistance and thermal stability. Based on their physical qualities, they can be classified as flexible or rigid. Polyurethane (PU) sealants and adhesives are widely used in the construction, automotive, marine, electronics, and appliances industries and hence this is driving the segment growth. In addition, Polyurethanes are broadly utilized in the fabrication of high-performance waterproof adhesives and sealants for building and construction applications such as isolation joints, flooring, roofing, foundation, gutters, extension, and control joints. They are sometimes referred to as potting compounds, and they are used in the electronics and electrical industries to encapsulate, seal, and insulate fragile, pressure-sensitive, submerged wires, and printed circuit boards. Polyurethane adhesive materials have great features including rapid drying, strong abrasion and chemical resistance, and excellent binding strength on a variety of substrates like metal, plastic, rubber, wood, and glass. These products are often based on reactive technology and comprise urethane-linked polymers. These ingredients give adhesive firmness, low viscosity, and a shorter cure time. By End-Use Industry, the Building & Construction segment held the largest market share in terms of both value and volume in 2021 and is expected to grow at a CAGR of 5.8% during the forecast period. Waterproof adhesives and sealants are highly long-lasting and can withstand harsh weather conditions, rain, and sunshine. Waterproof adhesives and sealants allow construction materials to function better and endure longer. Due to these characteristics, they are widely used in Building and Construction industries. Waterproof adhesives and sealants are crucial in the building and construction industries. They are utilized in a variety of applications, including ceramic tile adhesion, carpet laying, countertop lamination and laminate fixing on furniture, bonding layer for floor fixing, HVAC systems, pre-finished panel fixing, vinyl or resilient flooring fixing, and roofing systems and roof tiles. Waterproof adhesives and sealants are extensively used in flooring, roofing, windows, doors, walls, HVAC, and insulations. In addition, they are also commonly used in interiors to minimize water leakage and consequent damage to the floor, roof joints, bathtubs, sinks, showers, etc. This segment of the adhesives and sealants market is undergoing fast technical and architectural advancement. Airports, Industrial plants, mining facilities, transportation routes, and even residential developments are undergoing massive transformations to meet changing standards and specifications. Waterproof Adhesives and Sealants MarketThe Transportation segment is expected to grow substantially in terms of revenue during the forecast period. Another important application for these materials is transportation, where they are utilized to maintain water resistance during sea transportation, as well as when exposed to rains while waiting on a railway station platform or the rooftop of an automotive garage. Sealants are also increasingly being used to connect railway sleepers during flooring installations, preventing sleeper movement caused by expansion and contraction induced by temperature and humidity fluctuations between floors. In the transportation end-use business, waterproof adhesives and sealants are widely utilized for vehicle assembly, external vehicle trim, internal vehicle trim, direct window glazing, panel bonding, automotive module sealing, and electric circuit board preparation. It is also used in shipbuilding and marine transportation to defend against water, pollutants, climate, and environmental destruction.

Waterproof Adhesives and Sealants Market Regional Insights:

The Asia-Pacific region dominated the market with the highest market share in 2021 and is expected to maintain its dominance at the end of the forecast period. In 2020, the COVID-19 pandemic had a significant influence on several industries such as textiles and clothing, construction, and automotive, as well as export trade. According to government data, textile commerce between China and India fell 12.4% year on year in the first two months of 2020 compared to the previous year. Since the third quarter of 2020, the market has shown a solid recovery and gathered speed in 2021. The impact of macroeconomic factors such as population growth, rise in disposable income, and, most significantly, increased investment in Southeast Asian countries is expected to drive demand for waterproof adhesives and sealants from the residential industry in the Asia-Pacific region. As a result, the growth of the residential end-use industry would drive the market growth for waterproof adhesives and sealants in the Asia-Pacific region. In addition, Rapid growth in the construction industries, along with the creation of complex and advanced modern infrastructure throughout the region is expected to drive the market growth. The growing construction sector in Asia-Pacific emerging economies such as India and other Southeast Asian nations is expected to drive the growth of the construction adhesives and sealants market during the forecast period. According to the India Brand Equity Foundation (IBEF), the construction sector in India grew at a CAGR of 10.8% and reached over USD 218 billion in 2020. Meanwhile, investments by different financial institutions and government organizations are expected to increase economic growth. According to the IBEF, the Asian Infrastructure Investment Bank (AIIB) announced a USD 200 million investment in the National Investment & Infrastructure Fund in 2018. (NIIF). The Indian government has allotted about USD 63.2 billion to the construction and building sector in the infrastructure sector. In 2018, Singapore's Building and Construction Authority (BCA) announced a USD 23.48 billion increase by the end of 2019. These factors are expected to increase the construction adhesive and sealant market throughout the forecast period. Waterproof Adhesives and Sealants Market The Middle East & Africa is expected to grow at a CAGR of 5.2% during the forecast period. The Gulf Cooperation Council (GCC) is a significant key growth driver for the Middle East and Africa. Growing building activity in the GCC area is expected to drive demand for adhesives and sealants during the forecast period. In recent years, the housing market in GCC nations has underperformed. This was mostly due to the drop in oil prices and the slowing of the economy. However, the construction sector is expected to perform strongly in the next years as a result of investments in residential development, energy, and transportation infrastructure. In addition, Investments in developing smart city projects, government initiatives to provide housing to lower- and middle-class populations, and improvements to transportation infrastructure are expected to increase the region's market share throughout the forecast period. The South American region is expected to grow at a steady pace during the forecast period. Government economic recovery activities are expected to increase infrastructure development in Central and South America. Argentina, Colombia, and Peru are expected to have risen in the construction industry throughout the forecast period. This is expected to increase demand for adhesives and sealants across Central and South America. For example, Peru's economic growth may be ascribed primarily to a rise in building and associated commercial operations in the country.

Waterproof Adhesives and Sealants Market Scope: Inquire before buying

Waterproof Adhesives and Sealants Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 22.13 Bn.
Forecast Period 2022 to 2029 CAGR: 6.2% Market Size in 2029: US $ 35.81 Bn.
Segments Covered: by Chemistry • Silicones • Polyurethanes • Acrylics • Epoxy • Polysulfide • Others
by End-Use Industry • Building & Construction • Transportation • Electrical & Electronics • Others

Waterproof Adhesives and Sealants Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Waterproof Adhesives and Sealants Market Key Players

• Arkema SA • Wacker Chemie AG • Royal Adhesives & Sealants • PPG Industries, Inc. • MAPEI SpA • Huntsman International LLC. • Henkel AG & Co. KGaA • H.B. Fuller Company • Solvay • Berry Global Inc. • BASF SE • Avery Dennison Corporation • Ashland • DAP Products Inc. • Dennison Corporation • Dow • Sika AG • RPM International • Bostik SA • Uniseal, Inc. FAQs: 1. Which is the potential market for Waterproof Adhesives & Sealants in terms of the region? Ans. APAC is the potential market for Waterproof Adhesives & Sealants in terms of the region. 2. What are the opportunities for new market entrants? Ans. The key opportunity in the market is the rising demand for Non-hazardous and sustainable adhesives. 3. What is expected to drive the growth of the Waterproof Adhesives and Sealants Market in the forecast period? Ans. A major driver in the Waterproof Adhesives and Sealants Market is the Rising public infrastructure investment across the globe. 4. What is the projected market size & growth rate of the Waterproof Adhesives and Sealants Market? Ans. Waterproof Adhesives and Sealants Market size was valued at USD 22.13 Bn. in 2021 and the total Waterproof Adhesives & Sealants revenue is expected to grow at 6.2% from 2022 to 2029, reaching nearly USD 35.81 Bn. 5. What segments are covered in the Waterproof Adhesives and Sealants Market report? Ans. The segments covered are Chemistry, End-Use Industry and, Region.
1. Global Waterproof Adhesives and Sealants Market: Research Methodology 2. Global Waterproof Adhesives and Sealants Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Waterproof Adhesives and Sealants Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Waterproof Adhesives and Sealants Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Waterproof Adhesives and Sealants Market Segmentation 4.1. Global Waterproof Adhesives and Sealants Market, by Chemistry (2021-2029) • Silicones • Polyurethanes • Acrylics • Epoxy • Polysulfide • Others 4.2. Global Waterproof Adhesives and Sealants Market, by End-Use Industry (2021-2029) • Building & Construction • Transportation • Electrical & Electronics • Others 5. North America Waterproof Adhesives and Sealants Market(2021-2029) 5.1 North American Waterproof Adhesives and Sealants Market, by Chemistry (2021-2029) • Silicones • Polyurethanes • Acrylics • Epoxy • Polysulfide • Others 5.2 North America Waterproof Adhesives and Sealants Market, by End-Use Industry (2021-2029) • Building & Construction • Transportation • Electrical & Electronics • Others 5.3 North America Waterproof Adhesives and Sealants Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Waterproof Adhesives and Sealants Market (2021-2029) 6.1. European Waterproof Adhesives and Sealants Market, by Chemistry (2021-2029) 6.2. European Waterproof Adhesives and Sealants Market, by End-Use Industry (2021-2029) 6.3 European Waterproof Adhesives and Sealants Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Waterproof Adhesives and Sealants Market (2021-2029) 7.1. Asia Pacific Waterproof Adhesives and Sealants Market, by Chemistry (2021-2029) 7.2. Asia Pacific Waterproof Adhesives and Sealants Market, by End-Use Industry (2021-2029) 7.3. Asia Pacific Waterproof Adhesives and Sealants Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Waterproof Adhesives and Sealants Market (2021-2029) 8.1. Middle East and Africa Waterproof Adhesives and Sealants Market, by Chemistry (2021-2029) 8.2. Middle East and Africa Waterproof Adhesives and Sealants Market, by End-Use Industry (2021-2029) 8.3. Middle East and Africa Waterproof Adhesives and Sealants Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Waterproof Adhesives and Sealants Market (2021-2029) 9.1. South America Waterproof Adhesives and Sealants Market, by Chemistry (2021-2029) 9.2. South America Waterproof Adhesives and Sealants Market, by End-Use Industry (2021-2029) 9.3 South America Waterproof Adhesives and Sealants Market, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Arkema SA 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Wacker Chemie AG 10.3 Royal Adhesives & Sealants 10.4 PPG Industries, Inc. 10.5 MAPEI SpA 10.6 Huntsman International LLC. 10.7 Henkel AG & Co. KGaA 10.8 H.B. Fuller Company 10.9 Solvay 10.10 Berry Global Inc. 10.11 BASF SE 10.12 Avery Dennison Corporation 10.13 Ashland 10.14 DAP Products Inc. 10.15 Dennison Corporation 10.16 Dow 10.17 Sika AG 10.18 RPM International 10.19 Bostik SA 10.20 Uniseal, Inc.

About This Report

Report ID 158249
Category Material & Chemical
Published Date Sept 2022
Updated Date
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