Global Polyurethane Sealants Market, By Product Type (One Component Polyurethane Sealants, Two Component Polyurethane Sealants), End User (Building and Construction, Automotive, General Industrial, Marine, Aerospace, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Polyurethane sealants market size is expected to grow at a compound annual growth rate of 5.97% for the forecast period of 2021 to 2028. Data Bridge Market Research report on polyurethane sealants market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Polyurethane (PU) sealants are the type of the elastomeric material materials which is used to fill gaps and joints in floors and walls. These sealants are used for metal, wood and concrete structures. Polyurethane sealants act as an alternative to silicone sealants and are highly preferred in wood coating application due to its sturdiness and abrasion resistance.
The rise in demand for polyurethane sealants in building and construction, automotive and consumer sectors is expected to influence the growth of the polyurethane sealants market. In line with this, the rise in the demand from developing countries and rapid technological advancements in end-use industries are also anticipated to act as key determinants favoring the growth of the polyurethane sealants market over the forecast period of 2021 to 2028. Also the, rise in the technological advancements in end-use industries and increase in the R&D are also expected to positively impact the growth of the polyurethane sealants market. The major factor accountable for the growth of the market is the widespread applications of polyurethane sealants due to the high investments for manufacturing of sustainable sealants, due to its safety, waterproof nature and ease of application.
However, the volatile raw material prices and recessionary effect on end-use industries are likely to act as key restraints towards polyurethane sealants market growth rate in the forecast period of 2021 to 2028, whereas the rapid shift in the rules and change in standards can challenge the growth of the polyurethane sealants market in the above mentioned forecast period.
Furthermore, the increase in the demand for low VOC, green and sustainable sealants and high growth and rise in the government expenditure on infrastructure development are expected to offer a variety of growth opportunities for the polyurethane sealants market in the above mentioned forecast period.
This polyurethane sealants 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, geographical expansions, technological innovations in the market. To gain more info on polyurethane sealants 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 Polyurethane Sealants Market Scope and Market Size
Polyurethane sealants market is segmented on the basis of product type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product type, the polyurethane sealants market is segmented into one component polyurethane sealants and two component polyurethane sealants.
- The end user segment for polyurethane sealants market is segmented into building and construction, automotive, general industrial, marine, aerospace and others. Building and construction has further been segmented into glazing, flooring and joining applications, sanitary and kitchen applications and others.
Polyurethane Sealants Market Country Level Analysis
Polyurethane sealants market is analyzed and market size, volume information is provided by country, product type and end user as referenced above.
The countries covered in the 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, Israel, Egypt, South Africa, 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 leads the polyurethane sealants market because of the high economic growth and rise in construction activities in developing economies such as India and China. Europe is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to increase in import and capacity expansion by various key players.
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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Polyurethane Sealants Market Share Analysis
Polyurethane sealants 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 polyurethane sealants market.
The major players covered in the polyurethane sealants market report are 3M, Arkema, Sika AG, H.B. Fuller Company, Henkel Adhesives Technologies India Private Limited, BASF SE, Dow, MAPEI S.p.A., Asian Paints, ITW Polymers Sealants North America, Soudal Holding N.V., Selsil, Pidilite Industries Ltd., EMS-CHEMIE HOLDING AG, KCC Corporation, Sunstar Suisse S.A., THE YOKOHAMA RUBBER CO.,LTD., RPM International Inc., Grupa Selena and PCI Augsburg GmbH among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.