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Germany, France and UK Sealants Market Size Estimated to Grow at a CAGR of 6.5% During 2022-2027

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Germany, France and UK Sealants Market Size Estimated to Grow at a CAGR of 6.5% During 2022-2027

May 07
04:45 2022
Germany, France and UK Sealants Market Size Estimated to Grow at a CAGR of 6.5% During 2022-2027
Germany, France and UK Sealants Market | IndustryARC
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

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.

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.

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https://www.industryarc.com/Report/19569/germany-france-and-uk-sealants-market.html

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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.

Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=19569

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.

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.

Relevant Reports

High Temperature Adhesive and Sealants Market

https://www.industryarc.com/Research/High-Temperature-Adhesives-Sealants-Market-Research-502948

For more Chemical and Materials related reports, please click here

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