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August 21, 2013 02:00 AM

IAL report: European sealants market to grow slowly

Urethanes Technology International
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    LONDON—Total demand for sealants in Europe was estimated at around 533,860 tons in 2012, and it is expected to grow by 1.5 percent per year until 2017, according to a new report from IAL Consultants.

    The report, titled Overview of the European Sealants Market, takes into account the 15 countries of Western Europe and eight countries of Eastern Europe.

    More than half the market is shared by silicones and polyurethanes, with silicones occupying almost 40 percent of the market, followed by PU with an almost 17 percent share, IAL reported.

    Growth over the next years is to remain stable. The market demand for sealants is related directly to the situation in the construction industry, IAL said. Construction of new buildings and the amount of renovation work is forecast to grow at similarly slow rates of 0.3 to 0.6 percent per year in both Western and Eastern Europe. New residential construction is increasing faster than residential renovation, and the situation is reversed for non-residential construction.

    The report also notes that high growth in construction activity has been identified the Austrian, German, Dutch, Romanian, Russian and Turkish markets. Among the declining markets are the Irish, Italian, Portuguese, Spanish and United Kingdom markets.

    IAL noted that consumption of sealants in Western and Eastern Europe is affected by European regulations, including norms on the usage of products containing isocyanates and their labeling and standards for sealed unit manufacture.

    The 193-page report provides analysis by country, technology and application, as well as data on a variety of sealant technologies, such as one-part and two-part polyurethanes. The study is available from IAL Consultants.

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