Return to: Market NewsSeveral Factors Ranging from Automotive Applications to Health & Medical Devices Bolster the Demand for Sealants to touch $22 billion by 2030A new report from Industry Experts Inc., on "Global Sealants Market", reveals that the global Sealants consumption is projected to grow at a compound annual growth rate (CAGR) of 4.1% reaching 4.1 million metric tons by 2030. In terms of value, the global sealant market is expected to grow from $16.8 billion in 2024 to $22 billion by 2030, with a CAGR of 4.5%. The automotive sector depends on Sealants for sealing glass, body joints, and underbody components to prevent corrosion and enhance vehicle performance. In electronics, sealants protect sensitive components from dust, moisture, and vibration, ensuring reliability. Sealants' ability to deliver strong, lasting bonds in harsh conditions makes them indispensable in modern manufacturing and infrastructure projects. Asia-Pacific, with a volume consumption share of 47% in 2024, is the largest region for global Sealants market and also the fastest growing region during 2024-2030 outlook period. Europe forms the second largest market for Sealants worldwide, followed by North America. By application, Building & Construction is the single largest application for Sealants on a global basis, cornering a share of 60% of the total value demand in 2024, though, Industrial Assembly & Other related applications segment is forecast to post the fastest 2024-2030 CAGR of 5.7%. The market for sealants analyzed in this report globally across all major regions including North America (The United States, Canada and Mexico), Europe (France, Germany, Italy, Poland, Russia, Spain, Sweden, the Netherlands, the United Kingdom and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Taiwan, Thailand and Rest of Asia-Pacific), South America (Argentina, Brazil and Rest of South America) and Rest of World (Saudi Arabia, South Africa, Turkiye, the United Arab Emirates and Other Rest of World). Sealants report analyzes the global market with respect to Chemistry Type – Silicone Sealants, Acrylic Sealants, Polyurethane Sealants, Polysulfide Sealants, Silane Modified Sealants, Butyl Rubber Sealants, Oil-base Sealants and Other Sealants Types; Application – Building & Construction, Consumer/DIY, Industrial Assembly and Transportation. About Industry Experts, Inc. Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts. ... News Release: Several Factors Ranging from Automotive Applications to Health & Medical Devices Bolster the Demand for Sealants to touch $22 billion by 2030 Submitted on: February 03, 2025 10:27:41 AM Submitted by: IndustryexpertsMedia On behalf of: industry-experts.com/verticals/chemicals-and-materials/global-sealants-market |