Japan Construction Sealants & Bonding Market Share and Size, 2025

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

2. Table of Contents S. No. Contents 1. 2. 3. Product Overview Research Methodology Impact of COVID-19 on Global Adhesive & Sealants Market Executive Summary Market Potential 5. Japan Construction Sealants & Bonding Market Outlook 4. 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 2 © TechSci Research

3. Table of Contents S. No. Contents Market Dynamics 6. Drivers 6.1. Restraints & Challenges 6.2. Market Trends & Development 7. 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 3 © TechSci Research

4. Product Overview 4 © TechSci Research

5. 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. Major Types of Sealants Polyurethane Based Modified Silicone Based Silicone Rubber Polyurethane elastomeric materials derived from polyurethane, which is used to fill or seal gaps between substances such as pipes, tankers, walls, etc. sealants refer to Silicone Rubber sealant is a liquid form Modified Silicone sealant is a low of adhesive used in both low and high modulus sealant and it is temperature sealant applications. Due recommended for sealing and cracking to its stability at varying assembly applications in general temperatures, it is used widely in construction and pre-casting concrete construction, electronic and construction to provide long-term automotive sector. In construction, it waterproof seal effect. is generally used to bind wall caulking, sealing frames and doors, etc. 5 © TechSci Research

6. Construction Sealants & Bonding : Product Overview Sealants & Bonding Butyl Rubber A 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 construction, it is used in curtain wall application where adhesion to rubber compound is needed. copolymer of isobutylene and Acrylic Urethane Silyl Modified Polymers (SMP) Acrylic component sealant, generally used in application where water-based coating is applicable. Due to its high abrasion resistance properties, it is widely used in coating applications in industrial, automotive, furniture, and flooring applications. In construction mainly used in residential and light commercial construction exterior applications. Urethane is a two This is one of the newest sealant technologies, in which polymers are terminating with silyl group. The technology provides adhesion and capabilities and heat stability. It finds application DIY, automotive, transportation construction, it is used in bonding of side panels, profiling and floor covering. or gasket. In and weathering excellent movement wood in construction, marine market. and In segment, it is for roofs & corner 6 © TechSci Research

7. Research Methodology 7 © TechSci Research

8. 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. All collected Various aspects of the The analyzed information was then market were information was then validated through comprehensively presented in a multiple sources and monitored and chronological order to data warehouses in analyzed by the team depict a meaningful order to present the of industry experts. and clear picture of most accurate and TechSci Research also construction sealants precise information identified and and bonding market. about Japan analyzed trends, including market construction sealants drivers and challenges shares. and bonding market. in Japan construction sealants and bonding market. Evaluation & Validation Analysis Research Presentation 8 © TechSci Research

9. 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. 9 © TechSci Research

10. 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: Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis o 10 © TechSci Research

11. 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 ▪ World Bank ▪ Shin-Etsu Chemical Co., Ltd. ▪ TechSci Research Proprietary Database & Knowledge ▪ Cemedine Co., Ltd Repository ▪ The Yokohama Rubber Co Ltd ▪ Company Annual Reports ▪ Bostik-Nitta Co., Ltd. ▪ Industry Magazines ▪ 3M Japan Limited ▪ Industry Reports ▪ Konishi Co Ltd ▪ News Dailies ▪ Sunstar Engineering Solutions (SE) ▪ Credible Paid Databases ▪ Dow Corning Toray Silicone Co., Ltd ▪ International Monetary Fund ▪ Henkel Japan Ltd ▪ Statistics Bureau of Japan ▪ Sharp Chemical Ind. Co Ltd ▪ UN Comtrade ▪ Threebond Holding Co Ltd ▪ BP Statistics ▪ Showa Denko Materials Co Ltd ▪ OECD ▪ Aica Kogyo Co., Ltd. ▪ APIC Bulletin ▪ Oshika Corporation ▪ OPEC Bulletin ▪ Sunrise Co. Ltd. ▪ Bank of Japan ▪ Japan Adhesive Industry Association ▪ Ministry of Land, Infrastructure, Transport and ▪ Japan Construction Material & Housing Tourism Equipment Industries Federation (J-CHIF) ▪ Construction Statistics Guidebook 11 © TechSci Research

12. 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. 12 © TechSci Research

13. 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 By Value (USD Million) 2020E 2025F CAGR BY VALUE: xx% CAGR BY VALUE: xx% Japan Construction Sealants & Bonding Market Share, By Technology, By Volume, 2015–2025F 2015 50.00% 20.00% 15.00% 2016 50.00% 20.00% 15.00% 10.00% 5.00% 2017 50.00% 20.00% 15.00% 10.00% 5.00% 2018 50.00% 20.00% 15.00% 10.00% 5.00% 2019 50.00% 20.00% 15.00% 10.00% 5.00% 2020E 50.00% 20.00% 15.00% 10.00% 5.00% 2021F 50.00% 20.00% 15.00% 10.00% 5.00% 2022F 50.00% 20.00% 15.00% 10.00% 5.00% 2023F 50.00% 20.00% 15.00% 10.00% 5.00% 2024F 50.00% 20.00% 15.00% 10.00% 5.00% 2025F 50.00% 20.00% 15.00% 10.00% 5.00% Water Based Hot Melt Reactive Solvent Based 10.00% Others 5.00% Japan Construction Sealants & Bonding Market Share, By Component, By Volume, 2015–2025F 2015 50.00% 30.00% 20.00% 2016 50.00% 30.00% 20.00% 2017 50.00% 30.00% 20.00% 2018 50.00% 30.00% 20.00% 2019 50.00% 30.00% 20.00% 2020E 50.00% 30.00% 20.00% 2021F 50.00% 30.00% 20.00% 2022F 50.00% 30.00% 20.00% 2023F 50.00% 30.00% 20.00% 2024F 50.00% 30.00% 20.00% 2025F 50.00% 30.00% 20.00% One Component Two Component Others 13 © TechSci Research

14. R e p o r t O r d e r i n g Report Name: JAPAN CONSTRUCTION SEALANTS & BONDING MARKET FORECAST & OPPORTUNITIES 2015 – 2025 Report Price License Type Price Electronic Access - Single User License $2950 Electronic Access - Multi-User License $3750 Custom Research License $7500 To View Sample OR Purchase Report 14 © TechSci Research

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