Global Polyurethane Sealants Market By Product Type (One Component Polyurethane Sealants and Two Component Polyurethane Sealants), End-User (Building & Construction, Automotive, Industrial, and Marine), and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Polyurethane Sealants Market
Global Polyurethane Sealants Market is expected to rise to an estimated value of USD 5.4 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. The high growth of this market is due to the rise in demand for high performance materials with aesthetic appeal.
Market Definition: Global Polyurethane Sealants Market
Polyurethane sealants are moisture cured sealants that possess quick drying time. They are resistant to corrosion, chemical, and moisture. It composed of polyurethane polymer, pigments, fillers, and additives. It is used in various industries such as automotive and building & construction.
Market Drivers:
- High moisture resistance
- High standard of living, due to increase in disposable income is another factor driving the market growth
Market Restraints:
- Fluctuation in prices of raw materials such as toluene diisocyanate (TDI), succinic acid, polyols, and methylene diphenyl diisocyanate (MDI) is hindering the market growth
Segmentation: Global Polyurethane Sealants Market
By Product Type
- One Component Polyurethane Sealants
- Two Component Polyurethane Sealants
By End-User
- Building & Construction
- Automotive
- Industrial
- Marine
By Geography
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Rest of South America
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Turkey
- Belgium
- Netherlands
- Switzerland
- Rest of Europe
- Asia-Pacific
- Japan
- China
- South Korea
- India
- Australia
- Singapore
- Malaysia
- Indonesia
- Thailand
- Philippines
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Egypt
- Saudi Arabia
- United Arab Emirates
- Israel
- Rest of Middle East and Africa
Key Developments in the Market:
- In June 2018, Huntsman Corp. announced to build new polyurethanes systems facility in Dubai, U.A.E. It will serve a strategic platform to expand their business in the Middle East and North Africa and build their market leading position
- In August 2018, Huntsman Corp. opened a multi-purpose facility at the Amata Vietnam Industrial Park, near Ho Chi Minh City, Vietnam. It will help the company to get too many opportunities for the large-scale infrastructure and construction projects
Competitive Analysis:
Global Polyurethane Sealants Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Polyurethane Sealants Market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the Global Polyurethane Sealants Market are The Dow Chemical Company, BASF SE, Bayer, Huntsman Chemical Corporation, Arkema S.A, Mapei, Asian Paints and Covestro AG
Research Methodology: Global Polyurethane Sealants Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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