Polyurethane Sealants Market to be at Forefront by 2026
Polyurethane
sealants are moisture cured sealants that possess quick drying time.
They are resistant to corrosion, chemical, and moisture. Polyurethane
sealants are composed of polyurethane polymer, pigments, fillers, and
additives. They are used in various industries such as automotive and
building & construction. Polyurethane sealants are used for
sealing joints in walls and floors. They are also used on concrete,
wood, and metal. They are also employed in sealing and bonding
fiberglass panels. They are used for sealing expansion joints in
civil engineering structures. Additionally, polyurethane sealants are
used to seal automotive interiors, assembly of shoes, textile
laminates, and windshield bonding. Polyurethane sealant is one of the
preferred materials in wood coating application due to its excellent
scuff and abrasion resistance.
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Based
on product type, the polyurethane sealants market can be bifurcated
into one component polyurethane sealants and two component
polyurethane sealants. One component polyurethane sealants is a
leading segment, which is expected to expand at a significant pace
during the forecast period. One component polyurethane sealant system
comprises pre-polymer, which is reacted with polyol with excess of
diisocyanate, which further reacts with moisture from the air to
produce cured polyurethane. One component polyurethane sealants are
primarily used in plumbing and sealing roofs and electrical cable.
Based on end-user, the market can be segregated into building &
construction, automotive, industrial, and marine. Building &
construction is one of the leading end-user segments of the
polyurethane sealants market, as these sealants are highly elastic,
resilient, weather durable, non-sagging, and watertight with
excellent adhesion to most building and construction materials. These
sealants play an important role in repair and renovation of
residential, commercial, and industrial buildings.
Rise
in demand for high performance materials with esthetic appeal and
high moisture resistance is driving the polyurethane sealants market.
High standard of living, due to increase in disposable income, in
developing economies such as China, India, Brazil, and Mexico is
boosting the demand for customized sealants that come in different
colors to match the color of the substrate. Fluctuation in prices of
raw materials such as toluene diisocyanate (TDI), succinic acid,
polyols, and methylene diphenyl diisocyanate (MDI) is hampering the
market. However, rise in consumer interest toward bio-based
polyurethane sealants with low VOC emission is expected to provide
lucrative opportunities to manufacturers of polyurethane sealants in
the near future.
Geographically,
the global polyurethane sealants market can be segregated into
Europe, Asia Pacific, North America, Latin America, and Middle East &
Africa. Asia Pacific is expected to dominate the polyurethane
sealants market during the forecast period primarily due to the
significant economic growth and increase in construction activities
in developing economies such as India, China, and Vietnam in the
region. North America and Europe are comparatively mature regions of
the market. The polyurethane sealants market in these regions is
anticipated to expand at a sluggish pace during the forecast period.
The polyurethane sealants market in countries in Eastern Europe such
as Russia and Ukraine is projected to expand significantly during the
forecast period. This is primarily due to the rise in import and
capacity expansion by various key players in the region. Middle East
& Africa and Latin America also possess significant growth
potential due to high investment in infrastructure development in
these regions.
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Major
players operating in the polyurethane sealants market are The Dow
Chemical Company, BASF SE, Bayer, Huntsman Chemical Corporation, and
Covestro AG. These companies are actively investing in strategies
such as acquisitions, new product developments, and global expansion
of projects to increase their market share.
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