Latex sealant market
Latex Sealant Market, By Type (EVA Latex Sealant, Acrylic Latex Sealant, Others), By Application (Residential building, Commercial Building, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) -
- Jan 2023
- CMI5515
- 135 Pages
- Excel & Pdf
- Polymers and Resins
The global latex sealant market is projected to surpass US$ 417.8 Mn by the end of 2030, in terms of revenue, exhibit a CAGR of 5.43% during the forecast period (2023 to 2030).
Drivers
Increasing usages of sealants across the residential and commercial buildings
Latex sealants are used for attaching drywalls, bathroom flooring, ceiling application, fixtures to wall, molding application, and tiling applications in the construction sector. These are the major factors to spur the demand for latex sealants. Moreover, rapid industrialization and urbanization, surge in technological investments, research and development activities are boosting the global latex sealant market growth.
Figure 1. Global Latex Sealant Market, Revenue Share (%), By Region, 2022
North America is a leading consumer across the global latex sealants market. The increasing residential and commercial activities throughout the region is expected to drive the global latex sealant market growth. In addition, growing investments in infrastructural developments by the government is driving the demand for latex sealants across the region.
On the other hand, in Middle East & Africa, developing countries such as Saudi Arabia is witnessing rapid urbanization growth which is further creating demand for new infrastructural projects. This results in the global growth of latex sealants market.
Market Restraints
The side effects of VOC emission during the production process
The volatile organic compounds (VOC) are emitted during the manufacturing process of latex sealants. This VOC causes some health disorders such as fatigue, shortness of breath, irritation to skin, dizziness, and others. In addition, rising awareness about the environmental issues and adverse effects of sealants are likely to hamper the global latex sealant market growth. Nevertheless, global key players of latex sealants are focusing on the production of latex sealants with less emission of VOC.
Latex Sealant Market Report Coverage
Report Coverage | Details | ||
---|---|---|---|
Base Year: | 2022 | Market Size in 2022: | US$ 273.7 Mn |
Historical Data for: | 2017 to 2021 | Forecast Period: | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.43% | 2030 Value Projection: | US$ 417.8 Mn |
Geographies covered: |
|
||
Segments covered: |
|
||
Companies covered: |
3M, Henkel AG & Co., KGaA, ITW Polymers Sealants, H.B. Fuller Company, PPG Industries, Inc., RPM International Inc., Sika, Bostik, Premier Building Solutions, Dow |
||
Growth Drivers: |
|
||
Restraints & Challenges: |
|
Market Opportunities
The soaring demand from developed and developing economies for environment-friendly, and green sustainable sealants is projected to create ample opportunities across the global sealants market.
Market Trends
Growing demand for more sustainable buildings and rising adoption of latex sealants in construction industries across the developing nations is expected to witness significant global market growth.
Figure 2. Global Latex Sealant Market, Revenue Share (%), By Application in 2022
By application, global latex sealant market is categorized into residential building, commercial building, and others. Among these, commercial buildings held the global market share in 2022. The latex sealants are widely used in the construction of commercial buildings such as hotels, offices, restaurants, hospitals, and others. Moreover, expanding architectural innovation to develop airports, and malls in the emerging economies is further witnessed which in turn is soaring the demand for latex sealants.
On the other hand, residential building segment is likely to grow during the review period. Latex sealants are used for various purposes such as protecting under-slab vent pipes, sealing around doors and windows, wall cladding joints, and other flooring applications.
On the basis of type, global latex sealant market is segmented into EVA Latex Sealant, Acrylic Latex Sealant, and Others. Among these, acrylic latex sealant accounted for the highest market share in 2022 and is further expected to witness significant growth during the forecast period. It offers eco-friendly, clean, and paintable sealant solution for architectural applications. In addition, it is widely used for general purposes in residential buildings due to easy installation process. Furthermore, latex sealant provides excellent adhesion to brick, concrete, and other masonry surfaces. It offers flexible waterproof seals with high durability against weathering conditions as it does not contain any plasticizers or solvents. Thus, acrylic latex sealants are used for exterior applications.
Impact of Covid-19 on the Global Latex Sealant market
The COVID-19 outbreak had a negative impact on the global latex sealant market. This pandemic affected the global economy by affecting production and demand. In addition, major factors such as lack of manpower, interruption in supply chain, and budget constraint hindered the global sealant market growth. On the other hand, rapid industrialization in the developed and developing nations is expected to boost the demand for latex sealant across the construction industry in the coming years.
Competitive Section
Major players operating in the global latex sealant market include 3M, Henkel AG & Co. KGaA, ITW Polymers Sealants, H.B. Fuller Company, PPG Industries, Inc., RPM International Inc., Sika, Bostik, Premier Building Solutions, and Dow.
Few Recent Developments
- For instance, in November 2022, H.B. Fuller Company acquired GSSI Sealants, Inc., a manufacturer of premier elastomeric butyl rubber sealant tapes. In addition, GSSI is a S.-based manufacturer which is headquartered in Houston, Texas.
Definition - Latex sealant is widely used in different industries such as automotive, construction, aerospace, and other. It offers several properties such as corrosion resistance, good adhesion, and insolubility, among others. Latex sealants are used to create highly durable water barrier on roofing, balconies, decks, and lanais. In addition, it is used to fill the small gaps between the wood surfaces.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER’s Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions
- Market Dynamics
- Global Latex Sealant Market- Impact of Coronavirus (Covid-19) Pandemic
- Overview
- Factors Affecting Global Latex Sealant Market– COVID-19
- Impact Analysis
- Global Latex Sealant Market, By Type, 2017-2030 (US$ Mn & KT)
- Overview
- Market Share Analysis, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- EVA Latex Sealant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn & KT)
- Acrylic Latex Sealant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn & KT)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn & KT)
- Overview
- Global Latex Sealant Market, By Application, 2017-2030 (US$ Mn & KT)
- Introduction
- Market Share Analysis, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Residential Building
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn & KT)
- Commercial Building
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn & KT)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (US$ Mn & KT)
- Introduction
- Global Latex Sealant Market, By Region, 2017-2030 (US$ Mn & KT)
- Overview
- Market Share Analysis, By Region, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, For Regions, 2017-2030
- North America
- Market Share Analysis, By Country, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2030
- Country Trends
- Market Size and Forecast, By Type, 2017-2030 (US$ Mn & KT)
- Market Size and Forecast, By Application, 2017-2030 (US$ Mn & KT)
- Countries
- U.S.
- Canada
- Latin America
- Market Share Analysis, By Country, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- Country Trends
- Market Size and Forecast, By Type, 2017-2030 (US$ Mn & KT)
- Market Size and Forecast, By Application, 2017-2030 (US$ Mn & KT)
- Countries
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- Country Trends
- Market Size and Forecast, By Type, 2017-2030 (US$ Mn & KT)
- Market Size and Forecast, By Application, 2017-2030 (US$ Mn & KT)
- Countries
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- Country Trends
- Market Size and Forecast, By Type, 2017-2030 (US$ Mn & KT)
- Market Size and Forecast, By Application, 2017-2030 (US$ Mn & KT)
- Countries
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Market Share Analysis, By Country, 2023, 2025, and 2030 (%)
- Y-o-Y Growth Analysis, By Country, 2017-2030
- Country Trends
- Market Size and Forecast, By Type, 2017-2030 (US$ Mn & KT)
- Market Size and Forecast, By Application, 2017-2030 (US$ Mn & KT)
- Countries
- Middle East
- Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- 3M
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Henkel AG & Co. KGaA
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- ITW Polymers Sealants
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- H.B. Fuller Company
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- PPG Industries, Inc.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- RPM International Inc.
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Sika
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Bostik
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Premier Building Solutions
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- Dow
- Company Overview
- Component Portfolio
- Financial Performance
- Recent Developments/Updates
- 3M
- Section
- References
- Research Methodology
- About us and Sales Contact
* Browse 30 market data tables* and 24 figures* on "Global Latex Sealant Market” - Forecast to 2030.
Detailed Segmentation:
- Global Latex sealant Market, By Type:
- EVA Latex Sealant
- Acrylic Latex Sealant
- Others
- Global Latex sealant Market, By Application:
- Residential Building
- Commercial Building
- Others
- Global Latex sealant Market, By Region:
- North America
- By Type:
- EVA Latex Sealant
- Acrylic Latex Sealant
- Others
- By Application:
- Residential Building
- Commercial Building
- Others
- By Country:
- U.S.
- Canada
- By Type:
- Latin America
- By Type:
- EVA Latex Sealant
- Acrylic Latex Sealant
- Others
- By Application:
- Residential Building
- Commercial Building
- Others
- By Country:
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- By Type:
- Europe
- By Type:
- EVA Latex Sealant
- Acrylic Latex Sealant
- Others
- By Application:
- Residential Building
- Commercial Building
- Others
- By Country:
- U.K.
- Italy
- France
- Germany
- Spain
- Russia
- Rest of Europe
- By Type:
- Asia Pacific
- By Type:
- EVA Latex Sealant
- Acrylic Latex Sealant
- Others
- By Application:
- Residential Building
- Commercial Building
- Others
- By Country:
- China
- India
- Japan
- ASEAN
- Australia
- Rest of Asia Pacific
- By Type:
- Middle East & Africa
- By Type:
- EVA Latex Sealant
- Acrylic Latex Sealant
- Others
- By Application:
- Residential Building
- Commercial Building
- Others
- By Sub-region:
- Middle East
- Africa
- By Type:
- North America