Market Analysis: Global Polyurethane sealants Market
The global polyurethane sealants market accounted for USD 2.30 billion in 2016 and is projected to grow at a CAGR of 5.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Polyurethane sealants Market
Polyurethane sealants, a corrosion-resistant material that are quick drying and moisture-cured sealant mainly used for the sealing of joints in walls and floors, bonds fiberglass panels. Polyurethane sealants are mainly of two types; one component polyurethane sealants and two component polyurethane sealants. Polyurethane sealants are used in the industries such as building and construction, automotive, general industry, marine and among others.
Major Market Drivers:
- Growing automotive industry
- Increasing demand from the developing countries
- Polyurethane Sealants Bonding Leading to Revolutionary Advances in Safety and Ease of Application
- Volatility in the raw material prices
Market Segmentation: Global Polyurethane sealants Market
The polyurethane sealants market is segmented on the basis of type into one-component polyurethane sealants, and two-component polyurethane sealants. Two-component polyurethane sealants are expected to grow at the highest CAGR over the forecast period.
On the basis of end user, the market is segmented into building & construction, automotive, general industrial, marine, and others. Building & construction segment is further segmented into glazing, flooring & joining application, sanitary and kitchen applications and others.
On the basis of geography, the polyurethane sealants market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacificis expected to dominate the market.
Competitive Landscape: Global Polyurethane sealants Market
The global polyurethane sealants market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Polyurethane sealants Market
Some of the major players in the polyurethane sealants market include 3M, Splendor Industry Company Limited, Arkema S.A., Akfix, Sika AG, Hodgson Sealants (Holdings) Ltd., Henkel AG & Company, KGaA, Sunstar Engineering, Inc., BASF SE, PCI Augsburg GmbH, Kömmerling Chemische Fabrik Kg, The DOW Chemical Company, Selena SA, RPM International Inc., Konishi Co., Ltd., Asian Paints Limited, el Diş Ticaret Ve Kimya Sanayi A.Ş and many more.
Research Methodology: Global Polyurethane sealants Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.