Global Polysulfide Market – Industry Trends and Forecast to 2029

Global Polysulfide Market, By Product Type (Thiokols, Solid Polysulfide Elastomers), End User (Automotive and Transportation, Industrial Processing and Application, Building and Construction, Protective Coatings, Specialty Chemicals) – Industry Trends and Forecast to 2029

Market Analysis and Size

Polysulfide are chemical compounds which is primarily comprise chains of sulfur atoms. These compounds exhibit several functional properties because of this, it is mainly consumed in building and construction, glass insulation, marine, aerospace, and polymer processing industries. Polysulfides possess impermeability, chemical and weather resistance, high flexibility, high tensile strength, and heat insulation. Hence, they are favourably used in sealing and coating applications. Moreover, these sulfur compounds are supplied and processed in the global polysulfide market.

Data Bridge Market Research analyses that the polysulfide market was valued at USD 1,700.00 million in 2021 and is expected to reach USD 2238.58 million by 2029, registering a CAGR of 3.50 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.     

Report Scope and Market Segmentation

Market Definition

Polysulfide are the member of a sulphur class of chemical compounds which is containing one or more groups of atoms of the element. Polysulfide formed by the linkage of sulfur together by covalent bond. Sodium polysulfides are the polysulfide derivative, mainly used in the tanning industry to remove hair from hides. Lime–sulfur and sulfurated potash are the important compound prepared by heating sulfur with potash and lime respectively, these mixtures containing polysulfides used as insecticides and pesticides.

Polysulfide Market Dynamics

Drivers

• Rising demand in rubber industry

Several commercial elastomers contain polysulfides compounds as crosslinks. These crosslinks interconnect the neighboring polymer chains, thus conferring rigidity. Elastomers are commonly referred to as rubbers. Polysulfides are used as crosslinking compounds during vulcanization of rubber. The rising demand of elastomer in rubber industry are expected to drive the growth of the polysulfide market.

• Highly used in sealent

Polysulfide has branched with polysulfide sealants, polysulfide rubber and polysulfide adhesives, which are used for preventing industrial tank liner, aircraft fuel tank, and electrical potting amongst others. It is mainly used in the form of sealants to fill the joints in the automotive window glasses, pavement and other aircraft structures. Due to the polysulfide properties such as underwater curing capacity, high di-electric strength, and exceptional chemical increase the demand of polysulfide which are expected to drive the market growth rate.

Opportunities

• Rising demand of petrochemical

Petrochemical applications have been surging in automotive, transportation, building & construction, and industrial processing. While this has been creating lucrative prospects for growth of the polysulfide market because polysulfide is used for forming petrochemicals. So, the increasing strong domestic demand for chemicals and petroleum-related products will create beneficial opportunity for the market.

Additionally, high use of steel in end-user industries such as automotive, marine, and others industries because of its high ductility, ongoing product development and commercialization and also growing government’s investment to increase the manufacture of steel especially in the developing countries will further increase the market's growth rate in the upcoming period. 

Restraints/Challenges

• Rising environmental concern

However, rising environmental concerns regarding VOC emissions of sulfur compounds is expected to hamper the growth of the global polysulfides market. Sulfur because these compounds pose environmental hazards such as soil infertility, depletion of ozone, and transportation of polysulfides such as hydrogen polysulfide in marine aerospace and groundwater.

Also, the high cost of raw materials and harmful chemical composition pose a major threat to the growth of the polysulfide market.

This polysulfide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the polysulfide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Polysulfide Market Scope

The polysulfide market is segmented on the basis of product type end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Thiokols
• Solid Polysulfide Elastomers

 End User

• Automotive and Transportation
• Industrial Processing and Application
• Building and Construction
• Protective Coatings
• Specialty Chemicals

Polysulfide Market Regional Analysis/Insights

The polysulfide market is analysed and market size insights and trends are provided by country, product type and end user as referenced above.

The countries covered in the polysulfide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the polysulfide market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the rising demand for Polysulfide in this region. The Asia-Pacific region dominates the paper bag market, with China leading the way in producing and consuming re-usable polysulfide. Due of the ease of producing re-usable Polysulfide, China is leading the Asia-Pacific market.

During the projected period, North America is expected to be the fastest developing region due to the rising demand for re-usable Polysulfide in this region's retail sector.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Polysulfide Market Share Analysis

The polysulfide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polysulfide market.

Some of the major players operating in the polysulfide market are:

• Merck KGaA (Germany)
• Clariant AG (Switzerland)
• Ashland (U.S.)
• ELEMENTIS PLC (U.K.)
• Evonik Industries (Germany)
• Eastman Chemical Company (U.S.)
• ANGUS Chemical Company (U.S.)
• Cabot Corporation (U.S.)
• The Lubrizol Corporation (U.S.)
• BASF SE (Germany)
• Dow (U.S.)
• Arkema (France)
• Chemicals Mfg. Co., Ltd. (Japan)
• Meilian Chemical Co., Ltd. (China)
• Asahi Kasei Corporation (Japan)
• DIC CORPORATION (Japan)
• Halliburton (U.S.)
• Nouryon (Netherland)
• Solvay (Belgium)
• Oil-drilling-fluids (India)
• INEOS (U.K.)