North America Building Sealing Material Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.3 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The North American building sealing material market is experiencing significant growth, driven by the escalating demand for energy-efficient and sustainable construction solutions. In 2022, the market generated a revenue of USD 2,075.8 million and is projected to reach USD 3,417.4 million by 2030, growing at a compound annual growth rate (CAGR) of 6.4% from 2023 to 2030.
Several factors contribute to this upward trajectory:
Infrastructure Development: The need for modern infrastructure, including roads, bridges, and public utilities, is propelling the demand for advanced sealing materials.
Energy Efficiency Requirements: A focus on reducing carbon emissions has led to the adoption of sealing materials that enhance building insulation and air sealing.
Technological Advancements: Innovations, such as hybrid sealants, are expanding application areas and improving performance.
Environmental Regulations: Strict guidelines on volatile organic compound (VOC) emissions are encouraging the use of eco-friendly sealing solutions.
In my experience working within the construction industry, I've observed a marked shift towards the use of water-based sealants. These products are favored for their flexibility, durability, and compliance with environmental standards. For instance, during a recent project involving a commercial building retrofit, we opted for water-based silicone sealants to address both performance and regulatory requirements. This choice not only ensured robust sealing but also aligned with our commitment to sustainability.
Industry data supports this trend. The water-based technology segment is anticipated to register the fastest growth during the forecast period, driven by its application in residential, commercial, and industrial sectors. Additionally, the United States holds a major share of the construction industry in North America, with the annual value for new construction put in place reaching USD 1,626.4 billion in 2021.
However, challenges persist. The production and application of certain sealants can release chemical fumes, including VOCs, which pose health risks and environmental concerns. Regulatory bodies, such as the U.S. Environmental Protection Agency (EPA), have implemented stringent regulations to limit VOC emissions, prompting manufacturers to develop low-VOC or VOC-free products. In my practice, we've proactively adopted these eco-friendly alternatives, despite their higher costs, to ensure compliance and promote occupant health.
In conclusion, the North American building sealing material market is poised for robust growth, driven by infrastructure development, energy efficiency mandates, technological innovations, and stringent environmental regulations. Stakeholders are increasingly prioritizing sustainable and high-performance sealing solutions to meet evolving industry demands.
North America Building Sealing Material Market
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3M
Mapei
Evonik
Bostik
Ardex
Euclid Chemical
Wacker Chemie
BASF
Prosoco
Ashford Formula
Jotun
HB Fuller
Pidilite Industries
AmeriPolish
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Building Sealing Material Market
Commercial
Residential
Others
Based on Types the Market is categorized into Below types that held the largest Building Sealing Material market share In 2023.
Unshaped Sealing Material
Shaped Sealing Material
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Building Sealing Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Building Sealing Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Building Sealing Material Market, By Type
6. North America Building Sealing Material Market, By Application
7. North America Building Sealing Material Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Building Sealing Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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