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Germany, France and U.K. Sealants Market - Forecast(2023 - 2028)
Germany, France and UK Sealants Market Overview
Germany, France and UK Sealants Market
size is expected to grow at a CAGR of 6.5%
during the forecast period from 2022-2027. Sealants are elastomeric compounds
made from polyurethane, polyvinyl acetate and acrylic acid which are used for
sealing containers to keep the contents intact and safe. Therefore, the
increase in demand from the packaging industry is majorly driving the Germany,
France and UK Sealants market. Sealants are also used in the packaging and
sealing of lime mortar, which is otherwise difficult in packaging and sealing.
The increasing demand from various key use industries such as building &
construction, healthcare and medical, packaging industry and others is driving
the demand for Germany, France and UK Sealants market.
COVID-19 impact
Amid the Covid-19 pandemic, the Germany,
France and UK Sealants market witnessed a major downfall in the growth and
demand owing to the various economic and legal restrictions imposed in
countries across the world. The restriction and bans on trade, export, import
and other inter-country and inter-state activities affected the Germany, France
and UK Sealants market in terms of production, supply-chain management and
distribution. The restrictions were in effect for the major part of the year
2020. However, the restrictions were eased out and the bans were lifted during
the beginning of the year 2021 when the Covid-19 cases were decreasing. The Germany,
France and UK Sealants market is expected to grow by the year end of 2021.
Report Coverage
The report: “Germany, France and UK Sealants Market – Forecast (2022-2027)”, by
IndustryARC, covers an in-depth analysis of the following segments of the Germany,
France and UK Sealants Industry.
By Sealant
Product: Silicone,
Polyurethane, Acrylic Acid, Polyvinyl
acetate and Others.
By Application:
Paper and Pulp, Footwear and Leather, Woodworking
and Joinery, Glass Walls and Others.
By End-Use Industry: Packaging, Automotive, Building & Construction, Electrical and Electronics, Healthcare and Medical Industry and Others.
By Country: Germany, France and UK
Key Takeaways
- UK held the largest share in the Germany, France and UK Sealants market owing to highly developed building and construction industry in the country.
- The increasing demand from the packaging industry is one of the major factors driving the demand for Germany, France and UK Sealants market.
- The growing European building and construction industry is also contributing to the growth of the Germany, France and UK Sealants market.
- Amid the Covid-19 pandemic, the Germany, France and UK Sealants market witnessed a major downfall due to the various restrictions laid down during the pandemic situation.
FIGURE: Germany, France and UK Sealants Market Share, By Sealant Product, 2021 (%)
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Germany, France and UK Sealants Market Segment Analysis – By Sealant Product
Polyurethane segment held the largest share in the Germany, France and UK Sealants market in the year 2021 and is also projected to witness the fastest growth in the sealants market during the forecast period, in terms of volume. Polyurethane sealants are widely used in applications of both construction and renovation & maintenance projects. Polyurethane sealants are available in single-component and multi-component formulations. Polyurethane sealants provide better adhesion, tint-ability and abrasion resistance than other types of sealants such as, polyvinyl acetate sealants, silicone sealants and others. Polyurethane sealants are commonly used in construction, automotive, parking deck & sidewalk sealing, and marine applications. This is one of the major factors driving the polyurethane segment in the Germany, France and UK Sealants market.
Germany, France and UK Sealants Market Segment Analysis – By Application
Paper and pulp segment held the
largest share in the Germany, France and UK Sealants market in the year 2021. The
increase in demand from the packaging industry is driving the Germany, France
and UK Sealants market. The packaging industry makes use of paper in packaging
various items ranging from perishables to non-perishables and therefore is
driving the demand for sealants such as polyurethane sealants and polyvinyl acetate sealants. The increasing growth of the packed food
industry in countries like UK, Germany and France is contributing to the demand
of Germany, France and UK Sealants market.
Germany, France and UK Sealants Market Segment Analysis – By End-Use Industry
Building and Construction industry held the largest share in the Germany,
France and UK Sealants market in the year 2021. For instance, according to Germany Trade
& Invest (GTAI) (economic development agency of the Federal Republic of
Germany), the construction industry volume increased by 6.74% in the year 2020
from the year 2019. According to the National Infrastructure Delivery Plan by
the UK government, an amount of US$112.34 billion has been allocated for public
infrastructure for the year 2020-2021. This is contributing to the demand of
sealants in the region. The increase in construction activities in the region
is hugely driving the Germany, France and UK Sealants in the
construction industry of the European market
Germany, France and UK Sealants Market Segment Analysis – By Country
UK held the
largest share of 39% in the Germany, France and UK Sealants market in the year
2021. The increasing application of sealants in various end use industries like
building and construction, automotive industry and others is driving the demand
for sealants in UK. According to International Trade Administration, the UK
government announced funds for infrastructural development worth US$6.87
billion in September 2020 which will be primarily be spent on construction of
buildings for public hospitals, schools and other local projects. According to
the Office for National Statistics, Europe, the monthly construction output in
UK grew by 5.8% in March 2021, with an increase of 6.7% in new works and an
increase of 4.4% in repair and maintenance activities. This will further
increase the scope for demand of sealants from the UK building and construction
industry.
Germany, France and UK Sealants Market Drivers
- Increasing Demand from packaging Industry
The increase in demand from packaging industry for polyurethane sealants and polyvinyl acetate sealants is driving the demand for Germany, France and UK Sealants market. The increase in the trend of packed foods in the region is majorly driving the demand for Germany, France and UK Sealants market. For instance, according to data from UK government, the demand for purchased volume of food increased by 44% at a year-on-year increase during the year 2019. According to The Packaging Federation, The UK Packaging Manufacturing Industry has annual sales of US$13.13 billion (£11 Billion) and employs around 85,000 people, representing 3% of the UK’s manufacturing workforce. The increase in demand for food packaging in the region is also majorly driving the demand for Germany, France and UK Sealants market.
- The Increasing demand from rubber applications
Polyurethane sealants are used one of the toughest sealants and is majorly used
for its abrasion resistance properties. Once the sealant dries, it provides an
extremely tough elastic seal that can be further used in plastic, masonry, rubber,
wood and various other metals. The growing use of rubbers in various key-use
industries such as automotive, industrial applications and others is
contributing to the demand of rubber and related products. According to
European Tyre & Rubber Manufacturers Association, the turnover of the
rubber industry in the year 2020 was valued at US$92.03 billion and the exports
was valued at US$12.39 billion. According to World Integrated Trade Solution,
the total share of world exports from UK increased from 3% in the year 2018 to
3.14% in the year 2019. This is further driving the Germany, France and UK
Sealants market.
Germany, France and UK Sealants Market Challenges
- Strict environmental laws
Europe is strictly regulated by various
environmental laws in relation to the production of chemical and petro-based
products in the region. Agencies such as the European Commission (EC) govern
the manufacturing and production of solvent-based products in these regions. Production
of sealants releases poisonous compounds in the environment which is not good
for the ecosystem. Therefore, it can attract legal actions, if not done in
limit and properly. Furthermore,
according to Ministry of Germany, a right to extract mineral resources and to
acquire ownership of them takes the form of a mining concession, either as a
mining permit (Bewilligung) or as the grant of a mining property
(Berwerkseigentum). However, the mining permit or grant of a mining property
does not permit actual extraction itself, which requires further approval of a
framework operating plan through a special approval instrument under the
Federal Mining Act. The approval of operating plans is also carried out in various
stages with different contents and degrees of legal procedures. The operating
plan must be drawn up by the mining company and submitted to the competent
authority. The obligations are very extensive and include accompanying and
secondary activities. This is further affecting the production capacities of
manufacturers in the European regions. This is majorly restricting the growth
of the Germany, France and UK Sealants Market.
Germany, France and UK Sealants Market Industry Outlook
Acquisitions and mergers, production expansion, facility
expansion collaborations, partnerships, investments, are some of the key
strategies adopted by players in the Germany, France and UK Sealants Market. Major players in the Germany, France and UK
Sealants Market are:
- Sealants (UK) Ltd
- Hodgson Sealants Ltd
- LV sealants Ltd
- Sealtite Sealants
- WEICON GmbH & Co. KG
- Norddeutsche Kittfabrik eGmbH
- Ravensberger Wachs-Chemie B. Seidel GmbH u. Co KG
- Cermix France
- SEMIN
- ETRAVES
Recent Developments
In October 2020, Innovative Chemical Products (ICP) acquired Leeson Polyurethanes, a UK-based manufacturer of polyurethane adhesives and sealants used in a variety of sectors and markets.
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