Waterproof Adhesives and Sealants Market size is forecast to reach $32.2 billion by 2025, after growing at a CAGR of 6.0% during 2020-2025. With the rise in building and construction sector the waterproof adhesives and sealants market is expected to grow. Due to the COVID 19 pandemic the building and construction sector tends to decrease, owing to this the waterproof adhesives and sealants market is expected to face few hurdles.
Waterproof Adhesives and Sealants Market Segment Analysis – By Type
Adhesives segment holds the largest share in the waterproof adhesives and sealants market. Waterproof adhesive can be used to bond most types of wood (soft, hard) laminate, polystyrene foam, PU foam and glass wool to porous surfaces. Also adheres to metal, stone, ceramics, porcelain, glass, concrete, brick, masonry and most plastics (Not PE, PP). Typical areas of use include window and door frames, wood jointing and construction, staircases, ladders, boat building, general household repair, hobby use and much, much more. Interior applications with frequent long-term exposure to running or condensed water. Exterior applications with full exposure to weather influences. Adequate product protection is essential to prevent premature failure from moisture. Systems are engineered to maintain their physical strength properties, prevent degradation at the substrate adhesive interface while providing effective sealing capability. These durable polymeric products have been developed to address specific needs and susceptibility to moisture attack which can cause rupturing, delamination, swelling, cracking, shrinkage, blistering. They effectively mitigate corrosion, have superior resistance to water permeation, adhere well to multiple substrates, and provide long-term durability after aging. These user-friendly, solvent-free compositions can withstand a combination of stress, moisture, temperature. Select grades have successfully demonstrated leak proof deployment on metallic substrates in hostile marine environments.
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Waterproof Adhesives and Sealants Market Segment Analysis – End Use
Building & Construction sector has been the primary market for waterproof adhesives and sealants. Adhesive, also known as glue, cement, mucilage, or paste, is any non-metallic substance applied to one or both surfaces of two separate items that binds them together and resists their separation. The use of adhesives offers many advantages over binding techniques such as sewing, mechanical fastening, thermal bonding, etc. These include the ability to bind different materials together, to distribute stress more efficiently across the joint, the cost-effectiveness of an easily mechanized process, an improvement in aesthetic design, and increased design flexibility. No matter what the size or shape of your project, our sealant products are specially formulated to prevent the migration or rise of moisture to extend the duration and improve the durability of your construction build.
Waterproof Adhesives and Sealants Market Segment Analysis – By Geography
APAC dominated the waterproof adhesives and sealants market with a share of more than xx%, followed by North America and Europe. Adhesive and sealant formulations can be classified in a number of ways, including organic or inorganic; acrylic-, polyurethane- or silicone-based; and moisture, heat or UV curing, among others. They are used to achieve reliable, long-lasting bonds with a wide range of substrates, including ceramics, metals, glass and filled plastics, without the need for mechanical fastening and clamping. Available in a broad selection of viscosities and cure chemistries to meet a wide range of processing needs across many industries, adhesive and sealant solutions from Dow are offered as both raw materials (surfactants, oxygenated solvents, rheology modifiers, additives and more) or fully formulated products.
Waterproof Adhesives and Sealants Market Drivers
Fast and efficient work with low cost.
Anaerobic Adhesives are easy to apply and quickly cure at room temperature. It does not require blending and are non-toxic. It also removes corrosion and are non-solvent. One of the best characteristics of anaerobic adhesive is that it cures rapidly. Basically, the bonded parts are fixed in less than 10 minutes depending on the grade of the adhesive. Most of the time, it takes 24 hours to completely cure the joined parts. Cost of anaerobic adhesives are also very low and are easily available in shops. Since, it is environment friendly.
Implementation of Stringent Environment Regulations
Implementation of stringent government regulations related to Construction or infrastructure will increase the market demand for Acrylic Emulsions in the near future. In India government launches Pradhan Mantri Awas Yojana (Urban) Mission launched on 25th June 2015 which intends to provide housing for all in urban areas by year 2022. The Mission provides Central Assistance to the implementing agencies through States/Union Territories (UTs) and Central Nodal Agencies (CNAs) for providing houses to all eligible families/ beneficiaries against the validated demand for houses for about 1.12 cr. As per PMAY(U) guidelines, the size of a house for Economically Weaker Section (EWS) could be upto 30 sq. mt. carpet area, however States/UTs have the flexibility to enhance the size of houses in consultation and approval of the Ministry.
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Waterproof Adhesives and Sealants Market Challenges
Impact of COVID 19
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of International transportation. Global crisis for all sectors including building and construction, which was hit by slowing demand in goods’ production and exports had slowdown the market for Waterproof Adhesives and Sealants.
Waterproof Adhesives and Sealants Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Waterproof Adhesives and Sealants market. In 2019, the market of Waterproof Adhesives and Sealants has been consolidated by the top five players accounting for xx% of the share. Major players in the Waterproof Adhesives and Sealants Market are Dow Chemical Company, ExxonMobil Chemical Corporation, Eastman Chemicals, Henkel AG & Company, Baxter International Inc.,3M, among others.
In July 2019, Arkema acquired Prochimir, a company specializing in high-performance thermobonding adhesive films. This acquisition has broadened its offering of solvent-free thermobonding solutions earmarked for many fast-growing industrial applications in the automotive, construction, textile, and medical industries.
Asia-Pacific dominates the Waterproof Adhesives and Sealants market owing to increasing demand from various end use such as automotive, building & construction with others.
Sealant is often used in construction and home projects to both close gaps and protect surfaces which will increase the market demand for Waterproof Adhesives and Sealants in the near future.
Stringent governments regulations towards building and construction, is likely to aid in the market growth of Waterproof Adhesives and Sealants.
COVID 19 pandemic will create hurdles for the Waterproof Adhesives and Sealants market.
Related Reports :
A. Silicone Market
B. Polyurethane Adhesives Market
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