Construction Sealants Market Size, Share, Growth Analysis, By Resin Type(Silicone sealant, Polyurethane sealant, Plastisol sealant, Emulsion sealant), By Technology(Water-based, Solvent-based, Reactive, and Others), By Region - Industry Forecast 2024-2031

Global Construction Sealants Market size was valued at USD 8.23 billion in 2021 and is poised to grow from USD 8.89 billion in 2022 to USD 12.85 billion by 2030, at a CAGR of 6.09% during the forecast period (2023-2030).

Construction sealants find diverse applications in various sectors such as glazing, flooring, joining, sanitary facilities, and kitchens, among others. The expanding utilization of sealants in these key applications has been instrumental in driving the growth of the market. Window framing, sanitary facilities, kitchen areas, expansion joints, floor systems, walls, and panels all employ construction sealants, providing stress-bearing capacity and preventing cracking due to changing environmental conditions. The increased investments in construction projects such as airports, bridges, dams, and metro stations are driving the demand for sealants for flooring, expansion joints, panels, and other applications.

The demand for permanent, quality housing is rising in developing countries due to population growth, urbanization, and increasing income levels. This rapid growth in residential housing within these countries is a significant driver of the construction sealants market. Additionally, there is a growing preference for green sealants or those with low volatile organic compounds (VOCs) due to the increasing adoption of environmentally friendly practices in various applications. The industry is witnessing substantial growth opportunities by transitioning towards a more sustainable product portfolio. The construction market is experiencing a rising trend of constructing environmentally friendly or green buildings, which creates high growth potential for green and sustainable sealant solutions.