According to a new report published by Allied Market Research, titled, "Polyurethane Sealant Market," The polyurethane sealant market was valued at $3 billion in 2022, and is estimated to reach $4.6 billion by 2032, growing at a CAGR of 4.6% from 2023 to 2032.
The construction industry is a major driver of the polyurethane sealants market owing to the fact that polyurethane sealants are widely used in construction for sealing joints, gaps, and cracks in buildings, bridges, highways, and other infrastructure projects. Furthermore, rapid urbanization and population growth contribute to increased construction activities, driving the demand for polyurethane sealants. As urban areas expand, there is a need for sealing and bonding materials in both residential and commercial construction.
Moreover, the automotive industry is a significant consumer of polyurethane sealants. Polyurethane sealants are used for bonding and sealing applications in vehicle assembly. With the growth of the automotive sector, the demand for polyurethane sealants has increased.
However, polyurethane sealants are relatively more expensive compared to other sealant options. The initial cost of polyurethane sealants is a restraining factor, especially in cost-sensitive applications or industries. These factors directly influence the price of organic chemicals and make them costlier. Moreover, the prices of raw materials used in the production of polyurethane sealants, such as polyols and isocyanates, can be volatile. Fluctuations in raw material prices affect the overall cost of manufacturing polyurethane sealants.
On the contrary, government initiatives and increased investment in infrastructure projects, such as roads, bridges, and public facilities, provide opportunities for the use of polyurethane sealants in sealing joints, expansion joints, and other critical areas.
The polyurethane sealants market is segmented on the basis of component, type, end-use industry, and region. On the basis of component, the market is categorized into one component (1C) polyurethane sealants and two-component (2C) polyurethane sealants. On the basis of type, it is divided into self-levelling polyurethane sealants, high-performance polyurethane sealants, construction-grade polyurethane sealants, marine-grade polyurethane sealant, and others. On the basis of end-use industry, the market is categorized into building & construction, marine, aerospace, automotive, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the polyurethane sealant market analysis from 2022 to 2032 to identify the prevailing polyurethane sealant market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the polyurethane sealant market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global polyurethane sealant market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By End-Use Industry
- Building and Construction
- Marine
- Aerospace
- Automotive
- Others
By Component
- One-Component (1C) Polyurethane Sealants
- Two-Component (2C) Polyurethane Sealants
By Type
- Others
- Self-levelling Polyurethane Sealants
- High-Performance Polyurethane Sealants
- Construction-grade Polyurethane Sealants
- Marine-grade Polyurethane Sealants
By Region
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players:
- Arkema
- Henkel AG & Co. KGaA
- Sika AG
- BASF SE
- 3M
- Soudal Group
- ASTRAL ADHESIVES
- HB Fuller Co
- The Dow Chemicals Company
- Pidilite Industries Limited