Waterproof Adhesives and Sealants Global Market Report 2024

The global waterproof adhesives and sealants market has grown strongly in recent years. It will grow from $24.96 billion in 2023 to $27.00 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth observed in the historical period can be attributed to several factors, including the impact of weather conditions on the need for waterproof adhesives and sealants, increased utilization in the healthcare sector, growing sustainability trends favoring their use, applications in the electronics and electrical industry, and adoption by the automotive industry. These factors collectively contributed to the expansion of the market for waterproof adhesives and sealants during the historical period.

The global waterproof adhesives and sealants market is expected to see strong growth in the next few years. It will grow to $36.70 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The anticipated growth in the forecast period can be attributed to factors such as increased demand for customization and versatility, the impact of climate change, advancements in nanotechnology, a preference for high-performance materials, and applications in consumer goods. Major trends expected in the forecast period include the development and adoption of sustainable products, the introduction of innovative solutions, continuous technological advancements, and strategic collaborations within the industry.

The anticipated growth in the waterproof adhesives and sealants market is strongly tied to the expanding building and construction sector. This industry encompasses various activities such as building manufacturing, infrastructure maintenance, renovations, and more. Waterproof adhesives and sealants play a crucial role in this field by preventing fluid passage through surfaces and joints, waterproofing materials, and serving diverse applications. Predictions by Rethinking The Future suggest an 8.5% compound annual growth rate (CAGR) for Canada's construction industry by 2024, reaching a value of $354.9 billion (USD). Additionally, the U.S. Construction Cost Trends report of 2022 highlights a surge in residential construction, augmenting the demand for materials and labor, thereby intensifying market competition and cost pressures. The continuous expansion of the building and construction sector is a driving force behind the growth of waterproof adhesives and sealants.

A significant factor influencing the growth trajectory of the waterproof adhesives and sealants market is the upsurge in vehicle production. Vehicles, vital for transportation purposes, necessitate waterproof adhesives and sealants to create secure bonds, prevent leaks, and ensure prolonged durability across automotive assembly, repair, and maintenance applications. Data from the European Automobile Manufacturers Association (ACEA) in May 2023 indicates a global production of 85.4 million motor vehicles in 2022, marking a 5.7% increase from the previous year. This surge in vehicle production directly contributes to the expanding demand for waterproof adhesives and sealants in the market.

Prominent companies in the waterproof adhesives and sealants industry are actively introducing innovative solutions to cater comprehensively to adhesive and sealant needs. Saint-Gobain, a France-based corporation specializing in materials and solutions, unveiled 'OneBond' in January 2023. This versatile range of adhesives and sealants is specifically designed for applications in bathrooms and kitchens. Notably, the silicone sealants in this range possess resistance against sunlight, seawater, temperature fluctuations, humidity, ozone, as well as additional properties like electrical and fire protection. The polyurethane range offers high resistance to demanding applications, including punctures, tears, abrasion, low gas permeability, and antimicrobial features. Furthermore, the MS-Hybrid sealants combine the durability of polyurethanes with the weather resistance of silicones, effectively absorbing vibrations and structural movements.

Leading companies in the waterproof adhesives and sealants market are leveraging innovation to introduce advanced products like acrylic sealers, offering effective and cost-efficient solutions for waterproofing exterior surfaces. Acrylic sealers are specifically engineered to seal and bridge cracks, effectively preventing leaks on various surfaces including roofs, cement plaster, concrete bagged walls, and other masonry surfaces. For instance, in May 2022, Plascon, a South Africa-based manufacturer known for automotive and industrial coating products, launched AllSeal. This economical acrylic sealer comes with a free membrane for waterproofing purposes and is adept at sealing and bridging cracks, effectively preventing leaks on diverse exterior surfaces. Offering a 5-year quality guarantee, AllSeal boasts remarkable water resistance, weather and UV resistance, and superior flexibility, ensuring robust protection even in severe climates. Its thixotropic gel structure facilitates easy application and allows for a thicker film build, significantly enhancing durability.

In a strategic move in February 2022, H.B. Fuller, a prominent US-based adhesive manufacturing company, completed the acquisition of Fourny NV for an undisclosed amount. This acquisition is aimed at bolstering H.B. Fuller's product portfolio within the commercial roofing and construction adhesive segments while streamlining the supply chain in Europe. Fourny NV, based in Belgium, specializes in construction adhesives with a focus on commercial roofing and various construction applications.

Major companies operating in the waterproof adhesives and sealants market report are 3M Company, Henkel AG & Co. KGaA, Avery Dennison Corporation, H.B. Fuller Company, Dow Corning Corporation, Huntsman Corporation, Bostik Inc., Sika AG, Mapei SpA, ExxonMobil Corporation, Eastman Chemical Company, Baxter International Inc., Arkema SA, RPM International Inc., Pidilite Industries Limited, Franklin International In., ITW Performance Polymers, Permabond LLC, Dymax Corporation, Master Bond Inc., LORD Corporation, Hexion Inc., Ashland Global Holdings Inc., Royal Adhesives & Sealants LLC, Chemence Inc., Hernon Manufacturing Inc., Parson Adhesives Inc., DAP Products Inc., Red Devil Inc., Gorilla Glue Inc.

Asia-Pacific was the largest region in the waterproof adhesives and sealants market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the waterproof adhesives and sealants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the waterproof adhesives and sealants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of waterproof adhesives and sealants include adhesives and sealants. Waterproof adhesives are specifically developed to endure exposure to liquids and vapors, including tap and sea water, without compromising their binding strength, even at elevated temperatures. These adhesives are utilized across a diverse range of products such as books, home appliances, medical tape, and packaging. They are formulated from various chemicals, including silicones, polyurethanes, acrylics, epoxy, polysulfide, and others. These waterproof adhesives and sealants find applications in building and construction, transportation, electrical and electronic equipment, and various other industries.

This report provides waterproof adhesives and sealants market statistics, including waterproof adhesives and sealants industry global market size, regional shares, competitors with a waterproof adhesives and sealants market share, detailed waterproof adhesives and sealants market segments, market trends and opportunities, and any further data you may need to thrive in the waterproof adhesives and sealants industry. This waterproof adhesives and sealants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The waterproof adhesives and sealants market consists of the sale of primary resins, solvents, fillers, plasticizers, reinforcements, thickeners, and thixotropic materials. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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