Polysulfide Construction Sealant Market By Type (Moisture Cured, Heat Cured) By Application (Glazing, Flooring & Joining, Sanitary & Kitchen) - Growth, Future Prospects & Competitive Analysis, 2016 - 2028

Key Highlights of the report

How are the major segments performing in the Polysulfide Construction Sealant Market?

• In 2022, the heat-cured segment held a major revenue share of the global polysulfide construction sealant market. Heat-cured products are synthetic sealants that are heat-cured to form a hard, durable surface coating. Heat-cured sealants are widely used in various applications that require a watertight and airtight seal, such as windowsills, roofs, boat hulls, and other surfaces.
• The glazing application segment held a significant global market share in 2022 due to rising consumer standards of living and increased investments in infrastructure development. Moreover, the shift toward modern construction, combined with improved aesthetics, has increased the use of glazing in buildings, which is expected to grow the polysulfide construction sealant market.

Which region dominated the polysulfide construction sealant market?

In 2022, the Asia Pacific region accounted for a major revenue share of the global polysulfide construction sealant market. The Asia Pacific region's economic expansion is propelling the development of various industries, including building and construction, transportation, and others. Construction projects in the region frequently use polysulfide construction sealants. Polysulfide construction sealants are commonly used to seal joints between concrete and masonry and metal and masonry. They are also used to seal seams and flashings on roofs. As a result, the growth of the building and construction industries is increasing the demand for polysulfides to improve adhesion and sealants. This, in turn, accelerates the regional growth of the polysulfide construction sealant market.

How is US Market Performing in the polysulfide construction sealant market?

The market for polysulfide construction sealants in the United States is anticipated to increase substantially over the forecast period. The American Society of Civil Engineers reports that highways, airports, and other infrastructure in the United States will require nearly USD 3.5 trillion in investment through 2025. In the United States, rising government construction spending to refurbish and renovate existing infrastructure and housing developments is predicted to increase demand for dispensing polysulfide construction sealant. Moisture-curing polysulfide sealants are widely preferred over others in the country due to their ease of application, high resistance to moisture penetration, and superior strength properties.

How is the economy impacting the global polysulfide construction sealant growth?

The most notable sector for any nation's development is the construction industry. The country's economy is directly reflected in the construction industry, which significantly impacts GDP growth. Construction sealants give residential and commercial infrastructure more adaptability, waterproofing, and dependability. However, the most significant factors that impact the construction sector during a recession are looking for new clients, the high cost of building materials, the level of poverty, the costs of loans used in large construction projects, the effects of demonetization, a lack of income for consumption, unexpected taxes, conflicts, the lack of skilled workers, and the risk that is taken.

What is the competitive environment of the polysulfide construction sealant market?

The polysulfide construction sealant market is highly competitive, with key players selling cost-competitive products. The market leaders in the polysulfide construction sealant market have improved production facilities and are engaged in various R&D activities. Most of them are constantly implementing strategies to enhance their positions in the global market and promote company growth, such as mergers & acquisitions, partnerships, new product launches, and expanding their production facilities. For instance, Sika agreed to acquire Crevo-Hengxin, a manufacturer of silicone adhesives and sealants used in construction and manufacturing applications, in September 2019.

Executive Summary

What are the key trends or recent developments in the Polysulfide Construction Sealant Market?

• Rising maintenance and renovation construction activities: The market for polysulfide construction sealants is anticipated to be driven by rising disposable income and rising consumer living standards, which have led to an increase in renovation and maintenance projects. Construction sealants made of polysulfide plug gaps between two or more substrates and create a barrier that keeps out other materials. They improve the strength and durability of building structures by keeping the air and heat out.
• An emerging focus of manufacturers on developing products with renewable content: Some leading manufacturers are refocusing their efforts on developing new products that are more organic and ecologically friendly as the high costs and limitations on changing chemical characteristics continue to impede the growth of the polysulfide market. Players in the polysulfide construction sealants market are concentrating their investments on launching new products as they become more familiar with the product's features and range of potential applications. Polysulfide construction sealant is becoming increasingly common for green building projects as it does not emit harmful chemicals or gases.

What are all the technical developments in the Polysulfide Construction Sealant Market?

Technological advancements in the process of production of polysulfide construction sealant have resulted in improved product performance and quality characteristics compared to previous versions available on the market. Moreover, polyurethane construction sealants have significantly contributed to sealant bonding technology by making various feedstock materials available for producing sealants with diverse performance characteristics. Key strategies players use in the polysulfide construction sealant market include technology launches, acquisitions, and increased R&D activities. For instance, Emerald Kalama Chemical introduced the Kalama VITROFLEX A90 and A99 in December 2019. The new products ensure that the formulator's high-performance, environmentally sustainable alternatives to current technologies are used in the ‘A’ (polymer) side of two-part polysulfide sealants.

Which are the key investments by the polysulfide construction sealant market players?

Players in the polysulfide construction sealant market are investing in developing new products and diversifying their product lines to cater to various applications, considering the nature of the product and its range of applications. Suppliers of polysulfide construction sealants also use acquisition and geographic expansion investment strategies to establish a global market presence. For instance, in 2018, R.I.W Limited, a manufacturer of waterproofing products, was acquired by GCP Applied Technologies Inc in a deal valued at about USD 30 million. Likewise, Henkel Adhesives Technologies India Pvt Ltd established a new production facility in Kurkumbh, near Pune, in 2020. The company plans to meet the rising demand for high-performance adhesives, sealants, and surface treatment products from Indian industries through this investment.

Some major players in the polysulfide construction sealant market are 3M (U.S.), Bostik (France), Sika (Switzerland), H.B. Fuller (U.S.), Henkel (Germany), DuPont (U.S.), Wacker (Germany), General Electric (U.S.), Asian Paints (India), Soudal (Belgium), Yokohama Rubber (Japan), and Franklin (U.S.).

What are the Major Driving Factors for the Polysulfide Construction Sealant Market?

Polysulfide construction sealants offer dependable, flexible, and water-resistant joints for various applications such as roofing, glazing, and flooring. The exponentially growing construction of commercial and residential buildings and the increasing demands for glazing and panels in new high-rise buildings are driving the polysulfide construction sealant market expansion. Polysulfide construction sealants also provide safety and ease of application, which will drive demand over the coming years. The rise of light and green buildings due to environmental concerns is further expected to boost global demand for polysulfide construction sealants.

What are the Major Risks for the Polysulfide Construction Sealant Market?

Government regulations for VOC (Volatile Organic Compounds) emissions in several countries limit the market expansion. Environmental regulations for chemical and petroleum-based products are expected to impede the global polysulfide construction sealant market. Construction sealants adversely affect the environment and pose a challenge to product penetration, which could impede market expansion. China recently enacted mandatory national standards restricting VOCs and other substances commonly found in coatings, adhesives, and inks. Such regulations will have a significant impact on overall market growth.

Which is the key type in the polysulfide construction sealant market?

The heat-cured type segment is anticipated to grow the fastest during the projection period due to increasing demand for effective waterproofing agents in construction applications. Heat-cured sealants are commonly used in watertight and airtight applications like windowsills, roofs, boat hulls, and other surfaces. In polysulfide construction sealing applications, providing a strong barrier against corrosion and moisture is the primary function of heat-cured sealants. Growing market demand for sealants in underfloor heating systems led to the flooring & joining segment dominating the industry in terms of revenue share.

How is the polysulfide construction sealant market performing in regions?

The Asia Pacific regional market is expected to grow faster in the global polysulfide construction sealant market over the projected period owing to the rapid industrialization and rapidly expanding end-use industries, particularly in China, India, and Japan. Polysulfide sealants are widely used in glazing applications such as window & door frames, skylights, and roofing systems, fueling demand in the Asia Pacific region. Heat curing type products find applications across a wide range of sectors, such as building & construction and automotive, due to their high durability under extreme environmental conditions, further driving industry growth in the region. Moreover, Japanese polysulfide construction sealant application firms such as Yokohama Rubber, 3M Japan Ltd, Alteco Inc, and others invest in R&D projects regularly, significantly positively impacting the regional market.

What is the regulatory landscape for the polysulfide construction sealant market?

Polysulfides have a variety of important properties, including superior physical qualities, high water resistance, recovery adhesion, peel adhesion, and tensile adhesion. However, several governments' polysulfide regulations limit the global market growth. The increasing demand for higher standards of product safety and environmental protection is reflected in the safe use of chemicals in commerce and their potential effects on health and the environment. Polysulfides, for example, are subject to regulation under the 2020 CDR TSCA (Toxic Substances Control Act). This regulation requires the submission of information to the EPA regarding the manufacture of polysulfides and their commercial use in the United States. As a result, such regulatory regulations may create a bottleneck for expanding the polysulfide construction sealant industry over the upcoming years.

What is the Market Size of Polysulfide Construction Sealant regarding value?

The global polysulfide construction sealant market is anticipated to grow at a substantial CAGR of 4.3% in the upcoming years. The global Polysulfide Construction Sealant industry was estimated to be worth USD 1145.8 million in 2022 and was expected to be worth USD 1538.5 million by 2028.

What are the major players planning for the future of the polysulfide construction sealant market?

Key business strategies of polysulfide construction sealant market players include selling products through multiple distribution channels in various regions worldwide and establishing long-term contracts with distributors, particularly in developing countries. The global market leaders, H.B. Fuller and 3M will continue strengthening their distribution and sales channels. Globally expanding environmental regulations encourage major industry players to invest in R&D and make new technological advancements, supporting the polysulfide construction sealant market growth. Companies in the polysulfide sector plan to strategically collaborate with end users and regional distributors to meet the market demands of a growing customer base.

Segmentation of Global Polysulfide Construction Sealant Market-

Global Polysulfide Construction Sealant Market – By Type

• Moisture Cured
• Heat Cured

Global Polysulfide Construction Sealant Market – By Application

• Glazing
• Flooring & Joining
• Sanitary & Kitchen

Global Polysulfide Construction Sealant Market – By Region

• North America
  • US.
  • Canada
• Europe
  • Germany
  • France
  • UK.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa

Frequently asked questions about the global polysulfide construction sealant market