Polyurethane Sealants Market Forecast By 2022
The report "Polyurethane Sealants Market by Type (One-Component, Two-Component), End-Use Industry (Building & Construction, Automotive, General Industrial, Marine), and Region - Global Forecast to 2022", The polyurethane sealants market is projected to reach USD 3.15 Billion by 2022.
Polyurethane Sealants In Building & Construction
Polyurethane sealants are widely used in building & construction, automotive, marine, and general industries. These sealants have high resistant to moisture- and corrosion. Polyurethanes are high-performance sealants noted for their elasticity and excellent abrasion resistance. These sealants are composed of polyurethane polymer, pigments, fillers, and additives. They are highly elastic and resilient, weather durable, non-sagging, and watertight with excellent adhesion to most of the building & construction materials.
●Building & construction end-use industry segment is projected to lead the polyurethane sealants market during the forecast period.
●Building & construction is one of the largest industries for polyurethane sealants. Sealants are a substantial part of the building & construction industry, as they are used in bonding, renovation, maintenance, and repairs in residential & commercial constructions, and civil engineering. They are used in several applications, such as glazing, flooring & joining, and sanitary, among others.
●Several substrates, such as wood, metal, glass, ceramic, rubber, or composite materials that are used in construction materials can be sealed using polyurethane sealants. They provide flexibility and prevent the passing of moisture and air to other locations. The penetration of moisture, air, and other particles can occur through gaps between two surfaces and capillary action, which can be prevented using polyurethane sealants. Hence, this factor is fueling the demand for polyurethane sealants for sealing and joining purposes. The growing commercial construction projects is also driving the polyurethane sealants market in the building & construction sector.
Based on type, the one-component polyurethane sealants segment of the polyurethane sealants market is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the rising demand for one-component polyurethane sealants from the building & construction, and automotive industries, and increasing application of one-component polyurethane sealants. One-component sealants consist of a prepolymer that is made by reacting a polyol with excess of diisocyanate. On application, isocyanate groups react with moisture from the air to yield cured polyureas. One-component sealants are primarily used for sealing roofs, electrical cable, and in plumbing.
The polyurethane sealants market in Asia-Pacific is witnessing rapid growth, driven by significant economic progress and infrastructural development in various countries across the region. Increasing building & construction activities in the region are expected to propel the demand for polyurethane sealants in the Asia-Pacific region.
Key players in the market are 3M (U.S.), Arkema S.A. (France), Sika AG (Switzerland), H.B. Fuller (U.S.), Henkel AG & Company, KGaA (Germany), BASF SE (Germany), The Dow Chemical Company (U.S.), Mapei S.p.A. (Italy), Asian Paints Limited (India), ITW Polymers Sealants North America (U.S.), Soudal N.V. (Belgium), Konishi Co. Ltd. (Japan), Sel Dýþ Ticaret ve Kimya Sanayi A.Þ. (Turkey), Pidilite Industries Limited (India), EMS-CHEMIE HOLDING AG (Switzerland), KCC Corporation (Japan), The Yokohama Rubber Co., Ltd. (Japan), RPM International Inc. (U.S.), Selena S.A. (Poland), Kömmerling Chemische Fabrik KG (Germany), PCI Augsburg GmbH (Germany), Sunstar Engineering, Inc. (U.S.), Hodgson Sealants (U.K.), Akfix (Turkey), and Splendor Industry Company Limited (China).