Dublin, April 27, 2023 (GLOBE NEWSWIRE) -- The "Polyurethane Sealants Market by Type (One-Component and Two-Component), End-Use Industry (Building and Construction, Automotive, General Industrial, Marine), and Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global polyurethane sealants market size is projected to grow from USD 2.7 billion in 2022 to USD 3.3 billion by 2027, at a CAGR of 4.1%, between 2022 and 2027.
The polyurethane sealants market is mainly characterized by two main types: one-component and two-component. Polyurethane sealants have significant use in building and construction, automotive, and general industrial end-use industries.
Two types of polyurethane sealants are used for the auto refurbish application - a low-viscosity type with ambient temperature and a high-viscosity type with slightly warm temperature (40C), which has quick bonding performance due to high viscosity. One-component polyurethane sealants in small cartridges are used without paint primers for the auto refurbish market.
Economic growth, rising population, increasing residential building activities, growing urbanization, and housing construction expenditure are the important drivers of the global polyurethane sealants market.
One-Component segment is expected to account for the largest share in 2022
One-component polyurethane sealants are environmentally non-toxic. It has good chemical resistance and is resistant to hydrochloric acid, salt water, sodium carbonate, potassium hydroxide, and other chemicals. It is also safe and non-toxic when in contact with drinking water, and it is an environmentally friendly products.
These sealants are allowed to cure in the presence of atmospheric moisture or in some cases, misted with water to speed up the curing. The curing takes place in a press at about 200C. Unmodified aromatic isocyanates (predominantly MDI) are employed as one-component sealants to manufacture oriented strand board (OSB), medium-density fiberboard (MDF), and particleboard.
Building and Construction segment in end-use industry is expected to account for the largest share in 2022
Construction applications utilize polyurethanes' flexibility and elongation characteristics to seal concrete joints in commercial buildings, highways & bridges, and homes. Polyurethane sealants maintain a strong seal against moisture and air leakage despite the different coefficients of expansion for dissimilar building materials.
The growing demand for commercial construction projects is driving the polyurethane sealants market in the building & construction application. Due to the European economy's decline in the last 2-3 years, the construction industry did not register significant growth. However, Turkey is emerging as one of the major markets for polyurethane sealants.
Asia Pacific in polyurethane sealants market is estimated to register one of the highest CAGR during the forecast period
The Asia Pacific is increasingly becoming an important region for global trade and commerce. The region is currently the fastest-growing and the largest market for polyurethane sealants.
The European and North American markets are facing economic contraction and saturation while demand is increasing in the Asia Pacific. According to the World Bank, manufacturers of polyurethane sealants are targeting this region as it has the largest construction industry, accounting for approximately 40% of the global construction spending.
The Chinese market for polyurethane sealants has grown rapidly and is projected to witness high growth during the next five years due to the continuous shift of the global polyurethane sealants production facilities to the country. India, Thailand, and Indonesia are also investing heavily in new construction projects, which is expected to lead to the growth of the market in these countries.
Competitive landscape
The top five manufacturers in the polyurethane sealants market are 3M (US), Arkema S.A. (France), Henkel AG & Company, KGaA (Germany), Sika AG (Switzerland), and H.B. Fuller (US).
Key Attributes:
| Report Attribute | Details |
| Forecast Period | 2022 - 2027 |
| Estimated Market Value (USD) in 2022 | $2.7 Billion |
| Forecasted Market Value (USD) by 2027 | $3.3 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
Premium Insights
- Emerging Economies to Offer Lucrative Growth Opportunities for Market Players Between 2022 and 2027
- Two-Component Polyurethane Sealants Segment to Grow at Hgher CAGR Between 2022 and 2027
- Demand for Polyurethane Sealants to Grow Faster in Emerging Countries
- Building & Construction Segment and China Accounted for Largest Shares in Asia-Pacific Polyurethane Sealants Market in 2021
- India to be Fastest-Growing Polyurethane Sealants Market Between 2022 and 2027
Market Dynamics
Drivers
- Pent-Up Demand for Polyurethane Sealants in Building & Construction, Automotive, and Consumer Sectors
- Rising Demand from Emerging Countries
- Technological Advancements in End-Use Industries
- Innovative Advances in Safety and Ease of Application
Restraints
- Volatility in Raw Material Prices
Opportunities
- Growing Demand for Low-Voc, Green, and Sustainable Sealants
- Economic Growth and Rising Government Expenditure on Infrastructure Development
- High Growth of Automotive Markets in Emerging Countries
Challenges
- Established Infrastructure in Developed Countries
- Shifting Rules and Changing Standards
- Recessionary Effect on End-Use Industries
Company Profiles
Major Players
- 3M
- Arkema (Bostik)
- Sika Ag
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Basf Se
- Dow Inc.
- Mapei
- Asian Paints Limited
- Illinois Tool Works Inc.
Other Companies
- Soudal N.V.
- Sel Dis Ticaret Ve Kimya Sanayi A.S.
- Pidilite Industries Limited
- Ems-Chemie Holding Ag
- Kcc Corporation
- Master Bond
- Rpm International Inc.
- Pci Augsburg GmbH
- Akfix
- Shenzhen Splendor Industry Company Limited
For more information about this report visit https://www.researchandmarkets.com/r/x3kfch
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