Polyurethane is thermosetting polymer which could be molded into any shape which in turn helps in creating wide varieties of properties as per the desired application. Polyurethane sealants provide strong bonding which reduces need for holding and clamping materials. This proves to be a cost effective method which also increase the construction flexibility and increases production capacity.
Market Analysis and Insights: Global PU Sealants Market
Due to the COVID-19 pandemic, the global PU Sealants market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Single Component accounting for % of the PU Sealants global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Construction segment is altered to an % CAGR throughout this forecast period.
The Asia-Pacific polyurethane sealants market is projected to grow at the highest rate, in terms of value and volume, from 2018 to 2023. Polyurethane sealant manufacturers are targeting this region, as it has the largest construction industry, accounting for approximately 45% of the global construction spending.
Global PU Sealants Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global PU Sealants Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Single Component
Multi Component
Segment by Application
Construction
Automobile
Machine
Others
By Company
Henkel
Bostik
3M
Sika
McCoy Soudal
Dow Chemical
BASF
Konishi
H.B. Fuller
Illinois Tool Works
Kommerling
Chemence
Franklin International
Hernon Manufacturing
Hodgson Sealants (Holdings)
Huitian
Comens Material
Guowang
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina