Polyurethane Sealants Market is Expected to Grow at a CAGR of 4.75% by 2030

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Polyurethane Sealants Market is Expected to Grow
at a CAGR of 4.75 by 2030
According to ChemAnalyst report, Polyurethane
Sealants Market Analysis Plant Capacity,
Production, Operating Efficiency, Demand
Supply, End Use, Distribution Channel, Region,
Competition, Trade, Customer Price Intelligence
Market Analysis, 2015-2030, Polyurethane
Sealants market has witnessed significant growth
as it reached 9.32 million tonnes in 2020 and is
expected to achieve a healthy global CAGR of
4.75 in the forecast period until 2030. Rapidly
increasing demand of Polyurethane Sealants from
the flourishing building and construction
industry is anticipated to boost the Polyurethane
Sealants market across the globe in the span of
the next ten years. Furthermore, Polyurethanes
are sustainable, affordable, and doesn't contain
any chemicals that can alter the endocrine and
hormone systems, which can augment the demand of
Polyurethane, further propelling the
Polyurethane Sealants market in the future. Read
Full Report Here https//www.chemanalyst.com/indu
stry- report/polyurethane-sealants-market-641 Po
lyurethane sealant is one of the most widely used
technology for both new renovation and
construction projects. Developments and
advancements in
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Polyurethane Sealants have made it one of the
most resilient and strongest adhesive and
binding agents in the construction and building
industry. Polyurethane Sealants are widely used
in commercial, residential, and industrial
applications including isolation joints,
foundation, roofing, gutters, expansion and
control joints, and others. Polyurethane
Sealants possesses dynamic properties such as
excellent tear and abrasion resistance, good
chemical and weather resistance, ability to be
used in several joint sizes, adhesion
compatibility with construction substrates like
stone, metal and wood, and others. Several
manufacturers are now mass-producing smart
Polyurethane Sealants that offers tough and
watertight seals, excellent joint movements, and
aesthetic appeal characteristics, which is
expected to drive the Polyurethane market in
coming years. An exponential increase in the
demand of Polyurethane Sealants by the major
end-user industries including construction,
automotive, and packaging is likely to boost the
global Polyurethane Sealants market in the next
few years. Surging demand for Polyurethane
Sealants to insulate buildings and protect it
from extreme weather conditions as PU-based
Sealants prevent moisture and air penetration
when used in building materials, is expected to
fuel the global Polyurethane Sealants market in
upcoming years. Request Sample
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m Global Polyurethane Sealants Market is
segmented on the basis of type, application,
end, sales channel and region. Based on the type,
the global Polyurethane Sealants market is
distributed into one component and two-
component. On the basis of end-use industries,
the global Polyurethane Sealants market is
segmented into building construction, general
industries, automotive, marine, and others.
Building and Construction segment dominates the
Polyurethane Sealants market across the globe
followed by the automotive industry.
Substantially increasing demand of Elastomeric
Sealants by the construction industry due to the
massive growth in the building and construction
activities propelled by the rapid urbanization
and rising per income in the Asia Pacific region
is likely to boost the Polyurethane Sealants
market over the next ten years.
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Many leading players are merging with new
companies in order to strengthen the RD
department and improve the market footprint. For
example, Hodgson Sealants produced a new
extremely elastic hybrid sealant in 2020 known as
HY- SPEC 25 for interior and exterior perimeter
sealing of windows and doors applications. On
the start of COVID-19, in 2020, the global
Polyurethane market was drastically affected.
Leading authorities in emerging and
industrialized economies caused countrywide
lockdowns and strict social distancing norms,
leading to the severe decline in the demand for
Polyurethane Sealants in the first half of 2020.
Major end-use industries including building
construction, marine, automotive and others
halted their operations in order to curb the
spread of deadly coronavirus. As the lockdown
restrictions are gradually uplifting, operations
may resume from early 2021, which will boost the
demand of Polyurethane Sealants by the end of the
year.
Among different regions, Asia Pacific region
dominated the global Polyurethane Sealants
market in 2020 and is expected to maintain its
dominance until the next ten years. Rapid
industrialization, increase in construction
activities and significant economic growth led
to the dominance of the Polyurethane sealants
market in the Asia Pacific region. Continuously
rising demand of Polyurethane Sealants for
building and construction activities owing to
increasing urbanization and rising per
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capita income in emerging countries like China,
India, Singapore and others, is likely to
accelerate the global Polyurethane Sealants
market in the upcoming years. As China owns the
worlds largest construction market, the
initiatives for the construction and renovation
of industrial, commercial, and residential
buildings, is expected to influence the market
growth of polyurethane sealants in the Asia
Pacific region. Polyurethane Sealants Market
Analysis Plant Capacity, Production, Operating
Efficiency, Demand Supply, Application, End
Use, Distribution Channel, Region, Competition,
Trade, Customer Price Intelligence Market
Analysis, 2015-2030, some of the major players
operating in Polyurethane Sealants market include
BASF SE, The 3M Company, The DOW Chemical
Company, Arkema S.A., Sika AG, H.B. Fuller, Itw
Polymer Sealants North America Inc, Henkel AG
Company, KGaA, Mapei S.P.A., Hodgson Sealants,
Asian Paints limited., Soudal N.V., and Pidilite
Industries Limited., and Others. Rapidly
increasing demand of Polyurethane sealants from
the blooming construction industry is expected
to accelerate the global Polyurethane market in
upcoming years. The number of initiatives for the
construction and renovation of the commercial,
industrial and residential buildings in the Asia
Pacific region propelled by the increasing
population and growing per capita income is
likely to boost the overall demand of
Polyurethane Sealants in the next few years.
leading players are expanding their
manufacturing units and merging with new
companies in order to strengthen their RD
department and improve the market footprint.
Increasing prices of raw materials for the
manufacturing of polyurethane sealants can
somehow hamper the market growth in the future.
said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based management
consulting firm promoting ChemAnalyst
worldwide. 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
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Attribute Details
Market size Volume in 2020 9.32 Million Tonnes
Growth Rate CAGR of 4.75 from 2021 to 2030
Base year for estimation 2020
Historic Data 2015 2019
Forecast period 2021 2030
Quantitative units Revenue in USD million/billion and CAGR from 2021 to 2030
Report coverage Revenue forecast, demand supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered End use (Building Construction, Automotive, Marine, General Industries, and Others) Application (Glazing, Flooring Joining, Concrete Joints, Sanitary Kitchen, Submerged, and Others) 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., and Pidilite Industries Limited.
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 needs. Explore purchase options
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