Polyurethane Sealants Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Nov 2021

[Online Quarterly Update] Polyurethane Sealants Market has grown at 9.32 million tonnes in 2020 and is projected to achieve a healthy global CAGR of 4.75% during the forecast period 2022-2030. Polyurethane sealant is one of the most widely used technology for both new construction and renovation projects. Developments and Advancements in Polyurethane Sealants have made it one of the strongest and most resilient adhesives and binding agents in the construction building material industry. Polyurethane Sealants are extensively used in various commercial, residential, and industrial applications including isolation joints, roofing, foundation, gutters, expansion and control joints, and others. Polyurethane Sealants possess versatile properties such as excellent tear and abrasion resistance, good chemical and weather resistance, ability to be used in several joint sizes, adhesion compatibility with many construction substrates like stone, metal, and wood, and others.
 
Many manufacturers are now producing smart Polyurethane Sealants that offer tough and watertight seals, dynamic joint movements, and aesthetic appeal characteristics, which is likely to drive the Polyurethane market in coming years. Substantially increasing demand for Polyurethane Sealants by the major end-user industries including construction, automotive, and packaging is likely to boost the global Polyurethane Sealants market in upcoming years. The rising demand for Polyurethane Sealants to insulate buildings and protect them from extreme weather conditions as PU-based Sealants help in preventing moisture and air penetration when used in building materials is driving the global Polyurethane Sealants market. Depending upon the type, the global Polyurethane sealants market is segmented into one component and two-component. Among these, one component Polyurethane Sealants holds the major share in the global market owing to its high usage in residential or construction applications such as plumbing, sealing roofs, and others. 
 
On the basis of end-use industries, the Polyurethane Sealants market is segregated into building & construction, automotive, marine, general industries, and others. The building and Construction segment dominates the global Polyurethane Sealants market followed by the automotive segment. Rapidly increasing demand for Elastomeric Sealants by the construction industry due to the massive growth in the building and construction activities propelled by the increasing urbanization and rising per income in the APAC region is likely to boost the Polyurethane Sealants market over the next ten years. 
 
Due to the outbreak of COVID-19, in 2020, the global Polyurethane Sealants market witnessed a drastic decline in the demand for Polyurethane Sealants. Government authorities in emerging economies imposed countrywide lockdowns and strict social distancing norms which affected the overall demand for Polyurethane Sealants in the first half of 2020. Several end-use industries including building & construction, marine, automotive, and others were drastically affected due to disruptions in the global supply chain. As the lockdown restrictions are uplifting, operations may resume from early 2021. 
 
Among different regions, the Asia Pacific region dominated the global Polyurethane Sealants market in 2020 and is anticipated to maintain its dominance until 2030. The dominance of the Polyurethane sealants market in the Asia Pacific region was driven by rapid industrialization, an increase in construction activities, and significant economic growth. Continuously growing demand for Polyurethane Sealants for building and construction activities due to increasing urbanization and rising per capita income in emerging economies including China, India, Singapore, and others, is likely to augment the global Polyurethane Sealants market over the next ten years. As China is the world’s largest construction market, the initiatives for the construction and renovation of commercial, residential, and industrial buildings, is expected to influence the market growth of polyurethane sealants in the APAC region.
 
Major players for Polyurethane Sealants include BASF SE, The 3M Company, Arkema S.A., Sika AG, The DOW Chemical Company, H.B. Fuller, Henkel AG & Company, KGaA, Mapei S.P.A., Asian Paints limited, Itw Polymer Sealants North America Inc., Soudal N.V., Hodgson Sealants, Pidilite Industries Limited., and Others. In 2020, Hodgson Sealants produced a new extremely elastic hybrid sealant- HY-SPEC® 25 for interior and exterior perimeter sealing of windows and doors applications.
 
Years considered for this report:
 
Historical Period: 2015-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
 
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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 globally.
• To analyse and forecast the market size of Polyurethane Sealants.
• To classify and forecast Polyurethane Sealants market based on application, end-use and regional distribution.
• To identify drivers and challenges for Polyurethane Sealants market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Polyurethane Sealants market.
• To identify and analyse the profile of leading players involved in the manufacturing of Polyurethane Sealants.
 
 
To extract data for Polyurethane Sealants market, primary research surveys were conducted with Polyurethane Sealants manufacturers, suppliers, distributors, wholesalers and end users. 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 end user segments and projected a positive outlook for Global Polyurethane Sealants market over the coming years. 
 
ChemAnalyst calculated Polyurethane Sealants demand globally by analyzing the historical data and demand forecast which was carried out considering imported Polyurethane Sealants, styrene prices, monomers used for production of Polyurethane Sealants. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at 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 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 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, 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 2020
9.32 million tons
Growth Rate
CAGR of 4.75% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2030
Quantitative units
Demand in tons and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
1• By End-Use: (Building & Construction, Automotive, Marine, General Industries, and Others)
2• By Application: (Glazing, Flooring & Joining, Concrete Joints, Sanitary & Kitchen, Submerged, and Others)
3• By Sales Channel: (Direct Company Sale, Direct Import, Distributors & Traders)
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
BASF SE, The 3M Company, Arkema S.A., Sika AG, The DOW Chemical Company, H.B. Fuller, Henkel AG & Company, KGaA, Mapei S.P.A., Asian Paints limited, Itw Polymer Sealants North America Inc., Soudal N.V., Hodgson Sealants, Pidilite Industries Limited., and Others.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Avail customized purchase options to meet your exact research needsExplore purchase options
 
Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. 
 
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Frequently Asked Questions (FAQ):

What are the major applications of Polyurethane Sealants? 

Polyurethane Sealants finds its applications in glazing, flooring & joining, concrete joints, sanitary & kitchen, submerged, and others.

Which region demands the maximum share in the global Polyurethane Sealants market as of 2020?

Asia-Pacific region holds the maximum share of the global Polyurethane Sealants market owing to the developments in the major end-user industries. 

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