Market Research Report
Polyurethane Sealants Market by Type (One-Component, Two-Component), End-Use Industry (Building & Construction, Automotive, General Industrial, Marine), and Region - Global Forecast to 2022
|Published by||MarketsandMarkets||Product code||518845|
|Published||Content info||176 Pages
Delivery time: 1-2 business days
|Polyurethane Sealants Market by Type (One-Component, Two-Component), End-Use Industry (Building & Construction, Automotive, General Industrial, Marine), and Region - Global Forecast to 2022|
|Published: June 20, 2017||Content info: 176 Pages||
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 end-use 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.
One-component 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. One-component sealants are primarily used for sealing roofs, electrical cable, and in plumbing. Various elements of large trucks are assembled with the help of one-component polyurethane sealants. In the replacement market, one-component polyurethane sealants are generally used without paint primer in small cartridges. Moisture-cured polyurethane sealants bind glass, rubber supports, and painted body surfaces directly.
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 high-performance, cost-effective, 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 high-end 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 middle-class 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 Sub-Saharan Africa and long-term demographic growth has driven the polyurethane sealants market in the region.
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 DIs Ticaret ve Kimya Sanayi A.S. (Turkey), Pidilite Industries Limited (India), EMS-CHEMIE HOLDING AG (Switzerland), KCC Corporation (Japan), The Yokohama Rubber Co., Ltd. (Japan), RPM International Inc. (U.S.), Selena S.A. (Poland), Kommerling 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 (one-component, two-component), and end-use industry (building & construction, automotive, general industrial, marine, and others). The type and end-use industry segments are further analyzed by each country across regions.
From an insight perspective, this research report has focused on various levels of analyses-industry 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 high-growth segments of the polyurethane sealants market, high-growth regions, and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
*Details might not be captured in case of unlisted companies.