Transparency Market Research in its new report titled, “Polyurethane Sealants Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the polyurethane sealants market. The TMR report anticipates that the rise in demand for high performance materials with esthetic appeal and high moisture resistance will drive the polyurethane sealants market during the forecast period i.e, 2018-2026. High standard of living, due to increase in disposable income, in developing economies such as China, India, Brazil, and Mexico is boosting the demand for customized sealants that come in different colors to match the color of the substrate. Additionally, rise in consumer interest toward bio-based polyurethane sealants with low VOC emission is expected to provide lucrative opportunities to manufacturers of polyurethane sealants in the near future, says the report.
The report has segmented the polyurethane sealants market, based on product type into one component polyurethane sealants and two component polyurethane sealants. One component polyurethane sealants is a leading segment, which is expected to expand at a significant pace during the forecast period. One component polyurethane sealant system comprises pre-polymer, which is reacted with polyol with excess of diisocyanate, which further reacts with moisture from the air to produce cured polyurethane. One component polyurethane sealants are primarily used in plumbing and sealing roofs and electrical cable. In terms of end-user, the market is divided into building & construction, automotive, industrial, and marine. Building & construction is one of the leading end-user segments of the polyurethane sealants market, as these sealants are highly elastic, resilient, weather durable, non-sagging, and watertight with excellent adhesion to most building and construction materials. These sealants play an important role in repair and renovation of residential, commercial, and industrial buildings.
From a regional perspective, the global polyurethane sealants market is split into Europe, Asia Pacific, North America, Latin America, and Middle East & Africa. Among these, Asia Pacific is expected to dominate the polyurethane sealants market during the forecast period primarily due to the significant economic growth and increase in construction activities in developing economies such as India, China, and Vietnam in the region. North America and Europe are comparatively mature regions of the market. The polyurethane sealants market in these regions is anticipated to expand at a sluggish pace during the forecast period. The polyurethane sealants market in countries in Eastern Europe such as Russia and Ukraine is projected to expand significantly during the forecast period. This is primarily due to the rise in import and capacity expansion by various key players in the region. Middle East & Africa and Latin America also possess significant growth potential due to high investment in infrastructure development in these regions, says the report.
Major companies operating in the polyurethane sealants market are profiled in this report to give a better competitive analysis and these include The Dow Chemical Company, BASF SE, Bayer, Huntsman Chemical Corporation, and Covestro AG. These companies are actively investing in strategies such as acquisitions, new product developments, and global expansion of projects to increase their market share.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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