The global Polyurethane Sealants market stood at approximately 4250 thousand tonnes in 2023 and is expected to grow at a steady CAGR of 3.81% during the forecast period until 2033.
Polyurethane sealants are elastomeric compounds that are mostly used to seal joints and cracks in floors and walls. Polyurethane sealants are produced by the reaction of two organic compounds, glycol, and an isocyanate. These sealants can be used on concrete, metal, and wooden constructions. Due to its longevity and resilience to abrasion, polyurethane sealants are chosen in wood finishing applications as an alternative to silicone sealants. Polyurethane sealants are furthermore utilized as an adhesive due to their superior bonding capabilities. Because of their flexibility, resistance to weather and corrosion, and other qualities, polyurethane sealants are frequently utilized in a variety of industries, including construction, automotive, aerospace, and industrial.
Numerous commercial, residential, and industrial applications, such as isolation joints, roofs, foundations, drainage, expansion, control joints, and others, make considerable use of polyurethane sealants. Polyurethane sealants have numerous applications, particularly in the automotive industry, used in the production of vehicles, in the replacement of auto glass, in the manufacture and installation of air conditioning in HVAC systems, and in the sealing of metal sheet joints on trucks and containers. Demand for polyurethane sealants has been rising due to the growing need for high-performance materials with better resilience to severe environments, particularly in the construction industry. This is causing the polyurethane sealants market to rise, along with the expansion of the automotive and transportation industries, where polyurethane sealants are utilized for sealing and bonding in vehicle interiors as well as door and window sealing. The growing demand for bio-based polyurethane sealants, which are gaining popularity due to their lower environmental impact and higher performance qualities, is expected to result in market expansion with the growing demand for environmentally friendly and sustainable products. The global Polyurethane Sealants market is anticipated to reach approximately 6170 thousand tonnes in 2033.
Regionally, the Asia Pacific is dominating the Polyurethane Sealants market. Rapid industrialization and the rise in construction activity all contributed to the Asia Pacific region's domination of the polyurethane sealants industry. Over the coming years, the demand for polyurethane sealants for building and construction activities is expected to grow swiftly due to rising urbanization and rising per capita income in emerging economies like China, Taiwan, India, and other developing nations. The initiatives for the construction and refurbishment of commercial, residential, and industrial buildings are projected to have an impact on the market expansion of polyurethane sealants in the APAC as the majority of the developing nations are located in this region.
Based on the end-user industry, the global Polyurethane Sealants market is segmented into Building & Construction, General Industrial, Automotive, Flexible Packaging, Marine, and Others. Among these, the Building & Construction sector is dominating the global Polyurethane Sealants market. In 2023, this sector held roughly 45% of the market share and is anticipated to dominate the market in the forecast period. Over the upcoming years, the demand for polyurethane sealants will likely increase quickly due to the massive surge in building and construction activities across the globe owing to the increasing urbanization and rising per capita income.
Major players in the production of Global Polyurethane Sealants are BASF SE, Arkema S.A., The 3M Company, Sika AG, Henkel AG & Company, H.B. Fuller, Mapei S.P.A., Asian Paints, Soudal N.V., Pidilite Industries Limited, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2033
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Objective of the Study:
• To assess the demand-supply scenario of Polyurethane Sealants which covers production, demand and supply of Polyurethane Sealants market in the globe.
• To analyse and forecast the market size of Polyurethane Sealants
• To classify and forecast Global Polyurethane Sealants market based on end-use and regional distribution.
To extract data for Global Polyurethane Sealants market, primary research surveys were conducted with Polyurethane Sealants manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Polyurethane Sealants market over the coming years.
ChemAnalyst calculated Polyurethane Sealants demand across the globe by analyzing the volume of Polyurethane Sealants consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Polyurethane Sealants manufacturers and other stakeholders
• Organizations, forums and alliances related to Polyurethane Sealants s distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Polyurethane Sealants s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Polyurethane Sealants market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
4250 thousand tonnes
Market size Volume by 2033
6170 thousand tonnes
Growth Rate
CAGR of 3.81% from 2024 to 2033
Base year
2023
Estimated year
2024
Historical Data
2015 – 2023
Forecast period
2024 – 2033
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2033
Report coverage
Industry Market Size, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share
Segments covered
By End-Use: (Building & Construction, General Industrial, Automotive, Flexible Packaging, Marine, and Others)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Polyurethane Sealants market in terms of value and volume.
2. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Building & Construction, General Industrial, Automotive, Flexible Packaging, Marine, and Others) are creating a market and the forecast for the growth of the Polyurethane Sealants market.
3. Demand by Region
Analyzing the change in demand of Polyurethane Sealants in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
4. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Polyurethane Sealants.
5. Company Share
Figure out what proportion of the market share of Polyurethane Sealants is currently held by leading players across the globe.
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Which region is the leading consumer of the global Polyurethane Sealants market?
Ans:
Asia Pacific is the largest consumer of the global Polyurethane Sealants market.
Q2.
Which end-use industry is dominating the Global Polyurethane Sealants market?
Ans:
The Building & Construction industry is dominating the Polyurethane Sealants market with a market share of nearly 45% in the year 2023.
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