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The polyurethane sealants market is expected to grow at a CAGR of 5.4% from 2017 to 2022
The polyurethane sealants market is projected to reach USD 3.15 billion by 2022, at a CAGR of 5.4% from 2017 to 2022. The market is mainly driven by the increasing demand for polyurethane sealants in the building construction, automotive, and consumer sectors, rising demand from developing countries, technological advancements in enduse industries, and polyurethane sealants bonding leading to revolutionary advancements in safety and ease of application. However, volatility in raw material prices may restrain the growth of the market.
Based on type, the onecomponent polyurethane sealants segment is estimated to lead the polyurethane sealants market during the forecast period
Onecomponent sealants consist of a prepolymer that is made by reacting a polyol with excess of diisocyanate. On application, isocyanate groups react with moisture from air to yield cured polyureas. Onecomponent sealants are primarily used for sealing roofs, electrical cable, and in plumbing. Various elements of large trucks are assembled with the help of onecomponent polyurethane sealants. In the replacement market, onecomponent polyurethane sealants are generally used without paint primer in small cartridges. Moisturecured polyurethane sealants bind glass, rubber supports, and painted body surfaces directly.
Rising demand for polyurethane sealants in the Middle East Africa is driving the market in the region
The Middle East Africa is expected to witness moderate growth in the coming years. Automotive transportation, general industrial, building construction are expected to emerge as key sectors in the region. Several leading global players have established their manufacturing plants in the Middle East Africa to cater to the growing demand in this region.
The demand for highperformance, costeffective, and environment friendly building products continues to increase, as the building construction sector adapts to meet challenges related to energy efficiency, economic constraints, and demand for highend structures. The polyurethane sealants market in the Middle East Africa region is driven by increasing infrastructural projects, untapped potential in growing economies, growing demand from the automobile industry, and increasing urbanization. The increasing middleclass population, growing demand for new houses due to rising number of nuclear families, and the increasing market for consumer goods and automobiles is fueling the polyurethane sealants market in the region. Rising urbanization across SubSaharan Africa and longterm demographic growth has driven the polyurethane sealants market in the region.
Breakup of primary interviews:
By Company Type Tier 1 42%, Tier 2 25%, and Tier 3 33%
By Designation C level 36%, D level 19%, and Others 45%
By Region Europe 42%, North America 25%, AsiaPacific 17%, South America 8%, and the Middle East Africa 8%
Key companies profiled in this report are 3M U.S., Arkema S.A. France, Sika AG Switzerland, H.B. Fuller U.S., Henkel AG Company, KGaA Germany, BASF SE Germany, The Dow Chemical Company U.S., Mapei S.p.A. Italy, Asian Paints Limited India, ITW Polymers Sealants North America U.S., Soudal N.V. Belgium, Konishi Co. Ltd. Japan, Sel D Ticaret ve Kimya Sanayi A.. Turkey, Pidilite Industries Limited India, EMSCHEMIE HOLDING AG Switzerland, KCC Corporation Japan, The Yokohama Rubber Co., Ltd. Japan, RPM International Inc. U.S., Selena S.A. Poland, Kmmerling Chemische Fabrik KG Germany, PCI Augsburg GmbH Germany, Sunstar Engineering, Inc. U.S., Hodgson Sealants U.K., Akfix Turkey, and Splendor Industry Company Limited China.
The polyurethane sealants market report covers different segmentations, which include by type onecomponent, twocomponent, and enduse industry building construction, automotive, general industrial, marine, and others. The type and enduse industry segments are further analyzed by each country across regions.
Reasons to buy the Report
From an insight perspective, this research report has focused on various levels of analysesindustry analysis industry trends, market share analysis of top players, value chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and highgrowth segments of the polyurethane sealants market, highgrowth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on polyurethane sealants offered by the top players in the global polyurethane sealants market
Product Development/Innovation: Detailed insights on upcoming technologies, research development activities, and new product launches in the polyurethane sealants market
Market Development: Comprehensive information about lucrative emerging markets the report analyzes the markets for polyurethane sealants across regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global polyurethane sealants market
Competitive Assessment: Indepth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global polyurethane sealants market
Original Article: Polyurethane Sealants Market by Type OneComponent, TwoComponent, EndUse Industry Building Construction, Automotive, General Industrial, Marine, and Region Global Forecast to 2022 [Updated: 20062017] Prices from USD $5650NEXT ARTICLE