Polyurethane Sealants Market to experience an impressive growth of 6.4% during 2020-2025
February 03, 2020
Polyurethane sealants market is likely to witness an impressive CAGR of 6.4% during the forecast period. The growing building & construction industry and the high demand for polyurethane sealants in the automotive and other end-use industries drive the market globally.
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Polyurethane Sealants Market Segment Insights:
By Type:
Based on the type, the market is segmented as one-component and two-component. The one-component segment is estimated to lead the market in the coming five years. Further, the two-component segment is increasingly used in various civil applications which strengthens the market.
By End-Use Industry Type:
Based on the end-use industry type, the market is segmented as building & construction, automotive, general industrial, marine, and others. The building & construction industry held the largest market in 2018 in terms of volume, followed by the automotive segment. The growing demand for polyurethane sealants in various end-use industries drive the growth of this segment.
By Region:
In terms of regions, Asia-Pacific is expected to have the highest growth in the polyurethane sealants market in the coming five years in terms of both value and volume. China and India are the growth engines of the region. The high demand for polyurethane sealants from building & construction industry drives the market during the forecast period. North America and Europe also offer considerable growth opportunities in the coming five years.
By Key Players:
Some of the polyurethane sealant manufacturers are The 3M Company, Arkema S.A., Sika AG, H.B. Fuller, Henkel AG & Company, KGaA, BASF SE, The DOW Chemical Company, Mapei S.P.A., Asian Paints Limited, Itw Polymer Sealants North America, Inc., Soudal N.V., and Pidilite Industries Limited.
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- Emerging trends
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- Key success factors
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