Global Polyurethane Sealants Market 2017-2021
About Polyurethane Sealants
A sealant is a substance used to stop the flow of fluids from the surface, joints, or openings in materials. It is a type of mechanical seal. Sealants also block dust, sound, and heat transmission. Sealants can be characterized as weak or strong, flexible or rigid, and permanent or temporary. Sealants are not typically adhesives, but they contain certain similar qualities and are known as adhesive or structural sealants. There are seven basic types of sealants. Each sealant is differentiated from another based on its properties, the properties of the substrates, and cost.
Technavio’s analysts forecast the global polyurethane sealants market to grow at a CAGR of 5.42% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global polyurethane sealants market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of marine coating from various derivative types.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Polyurethane Sealants Market 2017-2021
Technavio recognizes the following companies as the key players in the global polyurethane sealants market: 3M, Arkema, Henkel, BASF, Sika, and The Dow Chemical Company
Other Prominent Vendors in the market are: Asian Paints, EMS-CHEMIE HOLDING, H.B. Fuller, ITW Polymers Sealants North America, and Pidilite Industries.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising popularity of eco-friendly and bio-based PU sealants. VOCs are emitted from sealants. VOC-related air pollution causes throat, skin, nose, and eye irritations and respiratory problems. Exposure to VOCs can lead to liver and kidney cancers and damage the brain. Therefore, there is increasing interest on eco-friendly PU sealants that have low VOC content. Research is ongoing to develop soy-based PU foam product augmented with carbon nanotubes. Multi-walled carbon nanotube (MWNT) is used to build the soy-based PU foam.”
According to the report, one of the major drivers for this market is Acceptance in various industries because of availability in various colors and quantity. The building and construction, automobile, and marine industries are more concerned about aesthetics and performance. The standard of living has increased rapidly over the years. This has led to an increasing demand for customized sealants that come in different colors to match the color of the substrate so as to enhance the aesthetics. Major companies like 3M, Arkema, Henkel, The Dow Chemical Company, and Asian Paints provide PU sealants in a variety of colors to meet these needs. Moreover, the availability of foam and non-foam PU sealants makes their use easy and friendly.
Further, the report states that one of the major factors hindering the growth of this market is Supply of raw materials. Raw materials that are used in the manufacture of PUs include isocyanates, chain extenders, polyols, catalysts, and solvents and additives. PU sealants also contain anti-oxidants, cross-linking agents, pigments, organometallic catalysts, and fillers. The PU sealant market is a niche market that needs complicated raw materials, which are scarcely available and have only a few suppliers. There is a huge challenge in finding these suppliers and shortlisting them based on the quality. Losing a supplier can incur huge losses to the sealant manufacturers. PU is an essential material for sealants, and a very small part of global PU production is used in the sealants market.
3M, Arkema, Henkel, BASF, Sika, The Dow Chemical Company, Asian Paints, EMS-CHEMIE HOLDING, H.B. Fuller, ITW Polymers Sealants North America, and Pidilite Industries.