Japan Construction Sealants & Bonding Market Size and Share, 2025

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Market Intelligence . Consulting 2015 2025 JAPAN CONSTRUCTION SEALANTS & BONDING MARKET FORECAST & OPPORTUNITIES PUBLISHED : NOVEMBER 2020

description

Japan construction sealants & bonding market can be segmented based on technology, resin type, component, application, end use industry and region. In terms of technology, market can be segregated into reactive, hot melt, solvent based, water based and others. Among these, water based segment accounted for the largest share in 2019 and the trend is forecast to continue through 2025. This can be ascribed to its long lasting bondability due to which the product is witnessing increased demand.

Transcript of Japan Construction Sealants & Bonding Market Size and Share, 2025

Page 1: Japan Construction Sealants & Bonding Market Size and Share, 2025

Market Intelligence . Consulting

2015 – 2025

JAPAN CONSTRUCTION

SEALANTS & BONDING MARKET FORECAST & OPPORTUNITIES

PUBLISHED : NOVEMBER 2020

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Table of Contents

S. No. Contents

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Adhesive & Sealants Market

4. Executive Summary

Market Potential

5. Japan Construction Sealants & Bonding Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Technology (Reactive, Hot Melt, Solvent Based, Water Based and others)

5.2.2. By Resin Type (Polyurethane Resin,, Modified Silicone, Polysulfide, Butyl Rubber, Acrylic, Acrylic Urethane & Others)

5.2.3. By Component (One Component, Two Component, Others)

5.2.4. By Application (Building Envelope(Facade Waterproofing, Façade Air Barriers, Window & Door Installation, Roof Waterproofing), Bonding (Flooring Covering, Floor Preparation & Maintenance, Interior Sealing, Joint Sealing (Floor, Pavement) & Others)

5.2.5. By End Use Industry (Residential, Commercial, Civil Engineering & Others)

5.2.6 By Region (2019)

5.2.7. By Company Share (2019)

5.3. Sales Channel & Customer Analysis

5.3.1 By Sales Channel (One Component)

5.3.2. By Sales Channel (Two Component)

5.3.3. Customer Analysis

5.4. Product Market Map

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Table of Contents

S. No. Contents

6. Market Dynamics

6.1. Drivers

6.2. Restraints & Challenges

7. Market Trends & Development

8. Voice of Customers

9. Competitive Landscape

9.1. Konishi Co.,Ltd

9.2. Cemedine Co., Ltd

9.3. Sunstar Engineering Solutions (SE)

9.4. The Yokohama Rubber Co Ltd

9.5. Shin-Etsu Chemical Co., Ltd

9.6. Dow Toray Co., Ltd

10. Strategic Recommendations

11. About Us & Disclaimer

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Product Overview

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Construction Sealants & Bonding : Product Overview

Sealants & Bonding

Sealants and bonding are materials used for filling the voids and providing strength & bonding between surfaces, joints or

openings. Sealants are majorly used as a mechanical seal in construction industry to provide heat resistance, prevent air

passage, water passage, dust and inspect through the voids.

Sealants are majorly classified as silicon rubber, modified silicone-based sealants, polyurethane-based sealants, acrylic,

polysulfide-based sealants and butyl rubber.

Modified Silicone Based

Modified Silicone sealant is a low

modulus sealant and it is

recommended for sealing and

assembly applications in general

construction and pre-casting concrete

construction to provide long-term

waterproof seal effect.

Polyurethane sealants refer to

elastomeric materials derived from

polyurethane, which is used to fill

or seal gaps between cracking

substances such as pipes, tankers,

walls, etc.

Polyurethane Based

Major Types of Sealants

Silicone Rubber

Silicone Rubber sealant is a liquid form

of adhesive used in both low and high

temperature sealant applications. Due

to its stability at varying

temperatures, it is used widely in

construction, electronic and

automotive sector. In construction, it

is generally used to bind wall caulking,

sealing frames and doors, etc.

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Construction Sealants & Bonding : Product Overview

Sealants & Bonding

A copolymer of isobutylene and

isoprene, offers many benefits such

as good vibration damping, superior

age resistance, etc. It can be used

both as a primary binder as well as a

tackifier & modifiers. It is widely

used as a solvent solution, hot melt,

performed tape or gasket. In

construction, it is used in curtain

wall application where adhesion to

rubber compound is needed.

Acrylic Urethane is a two

component sealant, generally used

in application where water-based

coating is applicable. Due to its

high abrasion and weathering

resistance properties, it is widely

used in coating applications in

industrial, automotive, wood

furniture, and flooring applications.

In construction segment, it is

mainly used in residential and light

commercial construction for

exterior applications.

Butyl Rubber

Silyl Modified Polymers (SMP)

This is one of the newest sealant

technologies, in which polymers are

terminating with silyl group. The

technology provides excellent

adhesion and movement

capabilities and heat stability. It

finds application in construction,

DIY, automotive, marine and

transportation market. In

construction, it is used in bonding

of side panels, roofs & corner

profiling and floor covering.

Acrylic Urethane

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Research Methodology

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Research Methodology

Information regarding

Japan construction

sealants & bonding

market was gathered

through primary

research interviews

with manufacturers,

retailers and

distributors present in

Japan, followed by

exhaustive secondary

research.

Research

All collected

information was then

validated through

multiple sources and

data warehouses in

order to present the

most accurate and

precise information

about Japan

construction sealants

and bonding market.

Evaluation&

Validation

Various aspects of the

market were

comprehensively

monitored and

analyzed by the team

of industry experts.

TechSci Research also

identified and

analyzed trends,

drivers and challenges

in Japan construction

sealants and bonding

market.

Analysis

The analyzed

information was then

presented in a

chronological order to

depict a meaningful

and clear picture of

construction sealants

and bonding market.

including market

shares.

Presentation

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Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of Japan construction sealants and

bonding market. The team has analyzed the outlook of various segments of this market, while considering major influencing

factors such as technological innovation and infrastructure-based developments. The study includes market forecasting,

which would enable our clients to make better decisions while planning their strategies to achieve sustainability in Japan

sealants and bonding market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2019 to be calculated based on information collected

through exhaustive secondary research and primary interviews, with various key opinion leaders/stakeholders, such as

construction companies, dealers and retailers.

• The team interviewed manufacturers/suppliers, distributors/dealers and retailers in Japan sealants and bonding market

to obtain the overall market size during 2015-2019, validated by the Delphi technique. Taking standard deviation into

consideration, the market size to be averaged out, to arrive at the market size data for 2015-2019.

• Respondents to be asked about the current and future market growth rates, market shares by product technology, by

resin type and by point of sale. Removing the outlier responses, the geometric mean of growth estimates and product

wise revenue shares generated across various segments to be considered, to arrive at the final revenue shares.

Revenue shares generated across various segments to be further triangulated from other stakeholders depending upon

the type of furniture.

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Research Methodology

Methodology Followed for Calculation of Market Shares:

• Market shares by product technology, by resin type, by point of sale, and by company were calculated based on the

responses received through primary interviews with industry experts, in which the respondents are asked about the

market shares or revenue generated from various segments. The final shares are calculated by taking the geometric

mean of the responses gathered from key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the

survey results in SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To

forecast Japan sealants and bonding market, TechSci Research used various forecast techniques such as:

o Moving Average

o Time Series Analysis

o Regression Analysis

o Econometric and Judgmental Analysis

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Research Methodology

TechSci Research uses its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci

Research also uses the impact analysis during short,-medium- and long-term period to estimate the demand and to reach accurate

market numbers.

Partial List of Companies & Association that are Interviewed

Key Secondary Sources

▪ Konishi Co Ltd

▪ Shin-Etsu Chemical Co., Ltd.

▪ Cemedine Co., Ltd

▪ The Yokohama Rubber Co Ltd

▪ Bostik-Nitta Co., Ltd.

▪ 3M Japan Limited

▪ Konishi Co Ltd

▪ Sunstar Engineering Solutions (SE)

▪ Dow Corning Toray Silicone Co., Ltd

▪ Henkel Japan Ltd

▪ Sharp Chemical Ind. Co Ltd

▪ Threebond Holding Co Ltd

▪ Showa Denko Materials Co Ltd

▪ Aica Kogyo Co., Ltd.

▪ Oshika Corporation

▪ Sunrise Co. Ltd.

▪ Japan Adhesive Industry Association

▪ Japan Construction Material & Housing

Equipment Industries Federation (J-CHIF)

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

▪ International Monetary Fund

▪ Statistics Bureau of Japan

▪ UN Comtrade

▪ BP Statistics

▪ OECD

▪ APIC Bulletin

▪ OPEC Bulletin

▪ Bank of Japan

▪ Ministry of Land, Infrastructure, Transport and

Tourism

▪ Construction Statistics Guidebook

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I n d u s t r y B r i e f

According to TechSci Research report, “Japan Construction Sealants & Bonding Market Technology (Reactive, Hot Melt, Solvent Based, Water

Based and others), By Resin Type (Polyurethane Resin, Modified Silicone, Polysulfide, Butyl Rubber, Acrylic, Acrylic Urethane & Others), By

Component (One Component, Two Component, Others), By Application (Building Envelope(Facade Waterproofing, Façade Air Barriers, Window

& Door Installation, Roof Waterproofing), Bonding (Flooring Covering, Floor Preparation & Maintenance, Interior Sealing, Joint Sealing (Floor,

Pavement) & Others), By End Use Industry (Residential, Commercial, Civil Engineering & Others), By Region, Competition, Forecast &

Opportunities, 2025”, the construction sealants & bonding market in Japan valued USD 586.36 Million in 2019 and is projected to grow at CAGR

of 5.39% during the forecast period. Robust growth in construction sector in Japan coupled with implementation of favorable government policies

in order to support construction and infrastructure growth in Japan are the primary factors expected to influence the demand for construction

sealants in the country.

With increasing modular construction market in Japan, the overall construction sealant market would experience rapid growth in the coming

years. With growing urbanization in the country, industries have started investing in modular construction eventually moving from traditional

onsite projects to offsite manufacturing-style production for better sustainability. In 2018, Sekisui House, Japan’s largest homebuilder formed a

joint venture with the UK government and Urban Splash, to build homes using modular construction and has already built 43,735 homes. This

increasing adoption of prefabricated or modular construction in country on account of increasing housing demand and lower cost of modular

construction, would spur the demand for sealants and bonding for overall structural integrity and waterproofing.

Japan construction sealants & bonding market can be segmented based on technology, resin type, component, application, end use industry

and region. Based on the end use industry, market can be segregated into residential, commercial, civil engineering & others. Civil engineering is

the fastest growing end use segment for Japan construction sealant during the forecast period with the growth rate of around 4.60% CAGR by

volume. Japan is a disaster-prone country, rapid disaster events occurring in the country demand continuous refurbishing of public infrastructure

such as bridges, road, drainage system, etc. therefore, the segment is expected to witness growth in the coming years.

Konishi Co.,Ltd, Cemedine Co., Ltd, Sunstar Engineering Solutions (SE), The Yokohama Rubber Co Ltd, Shin-Etsu Chemical Co., Ltd and Dow

Toray Co., Ltd. among others are the leading players operating in the Japan Construction Sealants & Bonding market. The companies operating

in the market are using strategies such as product launches and investing in research & development to increase their share in the country. .

“The demand for silicone rubber sealants in various applications within the country’s construction industry has witnessed an uptrend over past

few years and is anticipated to further grow in the coming years. Certain advanced properties of modified silicone rubber make it more versatile

for use in construction, especially in both low and high temperature sealant applications. They can be used in a variety of forms viz., adhesives,

sealants, and molding rubbers for coating purposes due to their excellent adhesion ability to glass, ceramics and plastics. Silicone rubber also

helps in providing protection from water, dust and ingress while increasing a building’s overall life by countering external harm such as absorbing

vibrations, etc.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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S a m p l e D a t a - S n a p s h o t

Japan Construction Sealants & Bonding Market Size, By Value (USD Million), 2015–2025F

2015 2019 2020E 2025F

By Value (USD Million)CAGR BY VALUE: xx% CAGR BY VALUE: xx%

Japan Construction Sealants & Bonding Market Share, By Technology, By Volume, 2015–2025F

2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F

Water Based 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%

Hot Melt 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%

Reactive 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00%

Solvent Based 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

Others 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%

Japan Construction Sealants & Bonding Market Share, By Component, By Volume, 2015–2025F

2015 2016 2017 2018 2019 2020E 2021F 2022F 2023F 2024F 2025F

One Component 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00%

Two Component 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%

Others 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%

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2015 – 2025

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

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global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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