United Kingdom Sealants Market Size, Share, and COVID-19 Impact Analysis, By Resin (Acrylic, Epoxy, Polyurethane, Silicone, and Others), By Application (Construction, Insulating Glass, Automotive, Industrial, and Others), and United Kingdom Sealants Market Insights, Industry Trend, Forecasts to 2033
Industry: Chemicals & MaterialsUnited Kingdom Sealants Market Insights Forecasts to 2033
- The U.K. Sealants Market Size was valued at USD 254.5 Million in 2023.
- The U.K. Sealants Market Size is Growing at a CAGR of 5.62% from 2023 to 2033
- The U.K. Sealants Market Size is Expected to reach USD 439.5 Million by 2033
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The United Kingdom Sealants Market Size is anticipated to Exceed USD 439.5 Million by 2033, Growing at a CAGR of 5.62% from 2023 to 2033. The growing demand for sealants from the construction & automotive industries, packaging, commercial offices and residential housing along with growing infrastructure development is driving the growth of the UK sealants market.
Market Overview
Sealants market refers to the industry for materials used to block the passage of fluids air, or, other substances through openings or joints in materials. The key applications of sealants include construction, automotive, and other sectors. Sealants are the flexible, accommodating movement between bonded materials while maintaining a secure seal. The trend towards smart homes and energy-efficient buildings surges the demand for specialized building sealants that significantly enhance occupant comfort and reduce energy consumption. The ongoing advancements in electronic technologies with the emphasis on miniaturization and durability and regulatory standards mandating protection against environmental hazards are promoting the need for electronic sealants. Trends in sustainable construction practices and innovation in sealants especially in the eco-friendly formulations and enhanced performance characteristics are escalating the market growth opportunities of sealants.
Report Coverage
This research report categorizes the market for the UK sealants market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom sealants market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK sealants market.
United Kingdom Sealants Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023 : | USD 254.5 Million |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 5.62% |
2033 Value Projection: | USD 439.5 Million |
Historical Data for: | 2019-2022 |
No. of Pages: | 168 |
Tables, Charts & Figures: | 110 |
Segments covered: | By Resin, By Application |
Companies covered:: | 3M, Adshead Ratcliffe & Co Ltd., Arkema Group, Dow, Henkel AG & Co. KGaA, Hodgson Sealants, MAPEI S.p.A., RPM International Inc., Sika AG, Soudal Holding N.V., and Others. |
Pitfalls & Challenges: | Covid-19 Empact, Challenges, Growth, Analysis. |
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Driving Factors
The growing infrastructure output from key sub-sectors including rail, energy, roads, and water & sewerage driving the market demand for sealant in construction sector. The increasing need for lightweight and fuel-efficient vehicles as well as advancement in material technology including low-VOC & environmentally friendly sealants is propelling the sealant market. The increasing need for packaging sealants to assemble and seal packaging materials is propelling the market growth. The widespread application of sealants in the residential sector for roofing, doors, windows, concrete sealers, and other things augments market growth.
Restraining Factors
The volatility in raw material prices and stringent environmental regulations are hindering the market demand. Further, the cost of advanced sealant materials challenges the market growth.
Market Segmentation
The United Kingdom sealants market share is classified into resin and application.
- The acrylic segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected period.
The United Kingdom sealants market is segmented by resin into acrylic, epoxy, polyurethane, silicone, and others. Among these, the acrylic segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected period. Acrylic sealants are flexible and crack resistant, providing a smooth finish, having low odor, non-toxic, and good adhesives. The increasing focus on formulating acrylic sealants with reduced environmental impact is propelling market growth in the acrylic segment.
- The construction segment dominated the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected period.
The United Kingdom sealants market is segmented by application into construction, insulating glass, automotive, industrial, and others. Among these, the construction segment dominated the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected period. Sealants aid in performing better by sealing out water, humidity, UV, and more in the commercial and residential sectors. The growing construction and real estate sectors increasing the demand for effective sealing solutions to prevent water leakage and air infiltration in buildings is driving the market.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the U.K. sealants market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- 3M
- Adshead Ratcliffe & Co Ltd.
- Arkema Group
- Dow
- Henkel AG & Co. KGaA
- Hodgson Sealants
- MAPEI S.p.A.
- RPM International Inc.
- Sika AG
- Soudal Holding N.V.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In August 2024, H.B. Fuller Company, the largest pureplay adhesives company in the world, announced that it has acquired HS Butyl Limited (HS Butyl), the UK’s largest manufacturer and distributor of high-quality butyl tapes, which provide strong, permanent, watertight seals for a wide variety of applications within the construction, infrastructure, automotive and renewable energy industries.
Market Segment
This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Sealants Market based on the below-mentioned segments:
UK Sealants Market, By Resin
- Acrylic
- Epoxy
- Polyurethane
- Silicone
- Others
UK Sealants Market, By Application
- Construction
- Insulating Glass
- Automotive
- Industrial
- Others
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