Polyurethane Sealants Market - Forecast(2023 - 2028)

Report Code: CMR 80358 Report Format: PDF + Excel
Polyurethane Sealants Market is forecast to reach $3.6 billion by 2025, after growing at a CAGR of 5.5% during 2020-2025. The polyurethane sealants market is witnessing an increase its demand as they adhere to almost any surface regardless its porosity and can be applied in challenging environments as well as tricky locations. Demand for polyurethane sealants is increasing due to their unique properties such as hardness, adhesion strength, mechanical strength, thixotropy, flexibility and the possibility to modify their characteristics according to users need. These properties of polyurethane sealants is driving its demand in various end use industries such as construction, automotive, and packaging industries, which will increase the Polyurethane sealants market substantially.

Report Coverage

The report: “Polyurethane Sealants Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Polyurethane sealants Industry. 

By Type: One Component, Two Component
By Application: Glazing, Flooring And Joining, Concrete Joints, Sanitary And Kitchen, Submerged
By End-User: Building And Construction, Automotive, General Industries, Marine, Others
By Geography: North-America, South-America, Europe, APAC, ROW

Key Takeaways
  • Asia-Pacific dominates the performance elastomers market, owing to increased demand of polyurethane sealants for building and construction activities in the region. Increasing urbanization and industrialization are the key factors for increased building and construction activities in APAC.
  • The growth of the polyurethane sealants market is driven by huge demand for high performance products with moisture resistance and esthetic appeal characteristics.
  • There is an increasing demand for polyurethane sealing to insulate buildings and protect it from wind, rain, or snow as PU-based sealants provide a weather tight seal while minimizing air intrusion and allowing for expansion and contraction.
  • Due to the COVID-19 Pandemic most of the countries has gone under lockdown, due to which the construction projects and operations are disruptively stopped, which is hampering the polyurethane sealants market growth.

By Type – Segment Analysis

The one component polyurethane sealants segment holds the largest share in the polyurethane sealants market in 2019, owing to properties such as little shrinkage, good flexibility, low modulus, excellent durability and paint ability. One component polyurethane sealants are mainly used in fenestration applications, such as windows and doors, but can also be used in many other residential or construction applications such as plumbing, sealing roofs and electrical cable establishment. These factors are estimated to lead to rapid utilization of one composite polyurethane sealants in the market during the forecast period.

By Application – Segment Analysis

The flooring and joining application holds the largest share in the polyurethane sealants market in 2019, owing to increasing construction activities in various regions. Increasing use of polyurethane sealants in joints of prefabricated building elements, joints of rainwater collection pipes on roofs, insulating joints between precast concrete blocks, sealing curtain walls, expansion joints, rain gutters, and sealing of joints of aluminum pipes in HVAC (ventilation) sector leads to growth of polyurethane sealants industry globally. Since construction activities are increasing in varied regions and, polyurethane sealants are used on a large scale for building and construction applications it will drive the Polyurethane sealants market.

By End User – Segment Analysis

The building and construction segment of end-user industry holds the largest share in polyurethane sealants market in 2019 and is growing at a CAGR of 5.8%, owing to properties such as elasticity, resiliency, weather durability, non-sagging, waterproofing and excellent adhesion to most building and construction materials. Modern constructions utilize render, lightweight masonry wall, curtain wall systems and rain screen, and these depend on sealant joints, to accommodate building movements such as creep, thermal expansion, sway, settlement, differential slab edge deflections. It is common for building joints to frequently suffer from poor design or installation. And these building joints have to be periodically maintained and replaced using polyurethane sealants in order to preserve their effectiveness. Thus, driving the polyurethane sealants market in the building and construction sector.

By Geography – Segment Analysis

Asia Pacific holds the largest share in the polyurethane market in 2019 up to 38%, owning to significant economic growth, industrialization and increase in construction activities in the region. In nations such as China, India, Australia and Singapore, there is a massive growth in the building and construction activities due to population growth, high urbanization, and rising per capita income of the individuals. The population growth is resulting in the need for more residential and commercial sectors, in India the government has initiated projects, such as ‘100 smart cities’ and ‘Housing for All by 2022,’ which is expected to drive the Indian residential construction market over the forecast period. According to International Trade Administration, China is the world’s largest construction market and the Chinese construction industry is expected to grow at an annual average of 5% in real terms between 2019 and 2023.  Thus with the increasing construction activities the demand for the polyurethane sealants will also increase as these sealants play an important role in construction and renovation of residential, commercial, and industrial buildings, which is likely to influence the growth of the polyurethane sealants market in APAC region.

Drivers – Polyurethane Sealants Market

Increasing Demand from End-Use Industries

Polyurethane sealants possess better adhesion, consistency and abrasion resistance than other sealants. Polyurethane sealants are commonly used in building and construction, automotive, marine, general industrial and other end-use industries as they dry quickly and have the potential to discolor and not retain the intended white color when exposed to UV light. Polyurethane can be used to mend vehicles, especially those made from fiberglass as they harden much faster than urethane. Polyurethane sealants provide strong bonding, tighter seals, light weight and superior stress recovery. They can be molded into almost any shape and are resistant to many environmental factors which acts as a driver.

Growing Demand for Low VOC Eco-Friendly Sealants

Due to an increasing trend in the use of environmentally friendly or green goods in different end-user segments, demand for green sealants or those with low VOCs is rising. The U.S. EPA regulates VOCs at Federal level in 40 CFR 59, which is the National Volatile Organic Compound Emission Standards for Consumer and Commercial Products. VOC controls for products are typically based on the application of products namely vehicle refinishing paints/coatings, adhesives and sealants. Also, United States Environmental Protection Agency stated that VOC emissions can be reduced by making process changes such as switching to low VOC content coatings and sealants or by installing air pollution control equipment such as carbon adsorbers or incinerators. Thus, Strict VOC regulations introduced by the USEPA (US Environmental Protection Agency), Europe's Scope (Registration, Evaluation, Authorisation and Restriction of Chemicals), Leadership in Energy and Environmental Design (LEED) and other national regulatory authorities pressured the manufacturers to make low-VOC eco-friendly sealants because of which polyurethane sealants industry is growing rapidly, and is heading towards green and sustainable technologies.

Challenges – Polyurethane Sealants Market

Fluctuating raw material prices and complex handling of polyurethane sealants

The surge in prices of raw materials for the manufacturing of polyurethane sealants such as succinic acid, toluene diisocyanate, polyols, combined with volatility in crude oil prices has hampered the overall growth of the polyurethane sealants market. In addition, Polyurethane sealants have short shelf life due to hydroscopic (water absorption) tendencies, and generally slower cure times. Thus, more complex handling and curing procedures are required for the polyurethane sealants which act as a restraint for the polyurethane sealants market during the forecast period. 

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the polyurethane sealants market. In 2019, the market of polyurethane sealants has been consolidated by the top five players accounting for xx% of the share. Major players in the polyurethane sealants market are Minnesota Mining and Manufacturing Company, Arkema S.A., Sika AG, H.B. Fuller, Henkel AG & Company KGaA, BASF SE, The Dow Chemical Company, Mapei S.p.A., ITW Polymers Sealants North America Inc., Pidilite Industries Limited, KCC Corporation, Huntsman Chemical Corporation, Selena S.A., Chemique Adhesives and Sealants Ltd., Hodgson Sealants and Alchimica Building Chemicals Ltd.

Acquisitions/Technology Launches
  • In January, 2020 Hodgson Sealants launched a new highly elastic hybrid sealant- HY-SPEC® 25 for interior and exterior perimeter sealing of windows and doors applications.
  • In January, 2019 Chemique Adhesives And Sealants Ltd. developed new single component, fast curing polyurethane sealing and bonding compound ideal for a variety of industries where movement and vibration are of major concern.
1. Polyurethane Sealants Market - Market Overview
    1.1 Definitions and Scope
2. Polyurethane Sealants Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Type
    2.3 Key Trends by Application
    2.4 Key Trends by End-User
    2.5 Key Trends by Geography
3. Polyurethane Sealants Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Polyurethane Sealants Market - Startup companies Scenario Premium (Premium) 
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Polyurethane Sealants Market – Industry Market Entry Scenario Premium (Premium) 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Polyurethane Sealants Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Polyurethane Sealants Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors Analysis
8. Polyurethane Sealants Market – By Type (Market Size -$Million, KT)
    8.1 One Component
    8.2 Two Component
9. Polyurethane Sealants Market– By Application (Market Size -$Million, KT)
    9.1 Glazing
    9.2 Flooring & Joining
    9.3 Concrete Joints
    9.4 Sanitary & Kitchen
    9.5 Submerged
    9.6 Others
10. Polyurethane Sealants Market - By End-Use (Market Size -$Million / KT)
    10.1 Building & Construction
    10.2 Automotive
    10.3 General Industries
    10.4 Marine
    10.5 Others
11. Polyurethane Sealants Market - By Geography (Market Size -$Million / KT)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 France
        11.3.4 Italy
        11.3.5 Netherland
        11.3.6 Spain
        11.3.7 Russia
        11.3.8 Belgium
        11.3.9 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 India
        11.4.4 South Korea
        11.4.5 Australia & New Zealand
        11.4.6 Rest of Asia Pacific
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of South Africa
12. Polyurethane Sealants Market - Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis (Premium)
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by type of Product / Product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Polyurethane Sealants Market- List of Key Companies by Country (Premium) 
15. Polyurethane Sealants Market Company Analysis
    15.1 Market Share, Company Revenue, Products, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Polyurethane Sealants Market By Type Market 2019-2024 ($M)
1.1 One-Component Market 2019-2024 ($M) - Global Industry Research
1.2 Two-Component Market 2019-2024 ($M) - Global Industry Research
2.Global Polyurethane Sealants Market By End-Use Industry Market 2019-2024 ($M)
2.1 Building & Construction Market 2019-2024 ($M) - Global Industry Research
2.1.1 Building & Construction Sub-Application Market 2019-2024 ($M)
2.2 Automotive Market 2019-2024 ($M) - Global Industry Research
2.3 General Industrial Market 2019-2024 ($M) - Global Industry Research
2.4 Marine Market 2019-2024 ($M) - Global Industry Research
3.Global Polyurethane Sealants Market By Type Market 2019-2024 (Volume/Units)
3.1 One-Component Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Two-Component Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Polyurethane Sealants Market By End-Use Industry Market 2019-2024 (Volume/Units)
4.1 Building & Construction Market 2019-2024 (Volume/Units) - Global Industry Research
4.1.1 Building & Construction Sub-Application Market 2019-2024 (Volume/Units)
4.2 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 General Industrial Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Marine Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Polyurethane Sealants Market By Type Market 2019-2024 ($M)
5.1 One-Component Market 2019-2024 ($M) - Regional Industry Research
5.2 Two-Component Market 2019-2024 ($M) - Regional Industry Research
6.North America Polyurethane Sealants Market By End-Use Industry Market 2019-2024 ($M)
6.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Building & Construction Sub-Application Market 2019-2024 ($M)
6.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
6.3 General Industrial Market 2019-2024 ($M) - Regional Industry Research
6.4 Marine Market 2019-2024 ($M) - Regional Industry Research
7.South America Polyurethane Sealants Market By Type Market 2019-2024 ($M)
7.1 One-Component Market 2019-2024 ($M) - Regional Industry Research
7.2 Two-Component Market 2019-2024 ($M) - Regional Industry Research
8.South America Polyurethane Sealants Market By End-Use Industry Market 2019-2024 ($M)
8.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
8.1.1 Building & Construction Sub-Application Market 2019-2024 ($M)
8.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
8.3 General Industrial Market 2019-2024 ($M) - Regional Industry Research
8.4 Marine Market 2019-2024 ($M) - Regional Industry Research
9.Europe Polyurethane Sealants Market By Type Market 2019-2024 ($M)
9.1 One-Component Market 2019-2024 ($M) - Regional Industry Research
9.2 Two-Component Market 2019-2024 ($M) - Regional Industry Research
10.Europe Polyurethane Sealants Market By End-Use Industry Market 2019-2024 ($M)
10.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
10.1.1 Building & Construction Sub-Application Market 2019-2024 ($M)
10.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
10.3 General Industrial Market 2019-2024 ($M) - Regional Industry Research
10.4 Marine Market 2019-2024 ($M) - Regional Industry Research
11.APAC Polyurethane Sealants Market By Type Market 2019-2024 ($M)
11.1 One-Component Market 2019-2024 ($M) - Regional Industry Research
11.2 Two-Component Market 2019-2024 ($M) - Regional Industry Research
12.APAC Polyurethane Sealants Market By End-Use Industry Market 2019-2024 ($M)
12.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
12.1.1 Building & Construction Sub-Application Market 2019-2024 ($M)
12.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
12.3 General Industrial Market 2019-2024 ($M) - Regional Industry Research
12.4 Marine Market 2019-2024 ($M) - Regional Industry Research
13.MENA Polyurethane Sealants Market By Type Market 2019-2024 ($M)
13.1 One-Component Market 2019-2024 ($M) - Regional Industry Research
13.2 Two-Component Market 2019-2024 ($M) - Regional Industry Research
14.MENA Polyurethane Sealants Market By End-Use Industry Market 2019-2024 ($M)
14.1 Building & Construction Market 2019-2024 ($M) - Regional Industry Research
14.1.1 Building & Construction Sub-Application Market 2019-2024 ($M)
14.2 Automotive Market 2019-2024 ($M) - Regional Industry Research
14.3 General Industrial Market 2019-2024 ($M) - Regional Industry Research
14.4 Marine Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Polyurethane Sealants Market Revenue, 2019-2024 ($M)
2.Canada Polyurethane Sealants Market Revenue, 2019-2024 ($M)
3.Mexico Polyurethane Sealants Market Revenue, 2019-2024 ($M)
4.Brazil Polyurethane Sealants Market Revenue, 2019-2024 ($M)
5.Argentina Polyurethane Sealants Market Revenue, 2019-2024 ($M)
6.Peru Polyurethane Sealants Market Revenue, 2019-2024 ($M)
7.Colombia Polyurethane Sealants Market Revenue, 2019-2024 ($M)
8.Chile Polyurethane Sealants Market Revenue, 2019-2024 ($M)
9.Rest of South America Polyurethane Sealants Market Revenue, 2019-2024 ($M)
10.UK Polyurethane Sealants Market Revenue, 2019-2024 ($M)
11.Germany Polyurethane Sealants Market Revenue, 2019-2024 ($M)
12.France Polyurethane Sealants Market Revenue, 2019-2024 ($M)
13.Italy Polyurethane Sealants Market Revenue, 2019-2024 ($M)
14.Spain Polyurethane Sealants Market Revenue, 2019-2024 ($M)
15.Rest of Europe Polyurethane Sealants Market Revenue, 2019-2024 ($M)
16.China Polyurethane Sealants Market Revenue, 2019-2024 ($M)
17.India Polyurethane Sealants Market Revenue, 2019-2024 ($M)
18.Japan Polyurethane Sealants Market Revenue, 2019-2024 ($M)
19.South Korea Polyurethane Sealants Market Revenue, 2019-2024 ($M)
20.South Africa Polyurethane Sealants Market Revenue, 2019-2024 ($M)
21.North America Polyurethane Sealants By Application
22.South America Polyurethane Sealants By Application
23.Europe Polyurethane Sealants By Application
24.APAC Polyurethane Sealants By Application
25.MENA Polyurethane Sealants By Application
26.3M, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Arkema S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sika AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.H.B. Fuller, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.The DOW Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Mapei S.P.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Soudal N.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Sel Dis Ticaret Ve Kimya Sanayi A.S., Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Pidilite Industries Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.EMS-Chemie Holding AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.KCC Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.The Yokohama Rubber Co. Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.RPM International Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Selena SA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Kommerling Chemische Fabrik Kg, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.PCI Augsburg GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Akfix, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Splendor Industry Company Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)