Report Code: A10484 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Polyurethane Sealant Market
Request Now !Sealants are mainly insulating and grouting materials used for sealing, filling gaps, and keeping moisture away from the joints. Polyurethane sealants are made of polyurethane polymer combined with various pigments, fillers, and additives. These sealants have a quick drying time and are also highly resistant to corrosion, moisture, and other chemicals. They have a wide array of applications in different industries such as construction, automobile, and others.
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the global polyurethane sealant market.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
The growing demand for high-performance materials with superior resistance to extreme conditions especially in the construction industry has led to the growth of the global polyurethane sealant market. These sealants are extensively used in waterproofing, sealing joints in the floors and walls, and several other purposes. They are also used in plumbing and electrical cables. They are mainly of two types, one component polyurethane sealant and two component polyurethane sealant. The one component polyurethane sealant is majorly used in construction activities due to its high elasticity, durability, and superior waterproofing abilities. On the other hand, polyurethane sealants are also used in the automobile manufacturing sector. They are used for sealing doors & windows and in vehicle interiors. However, the fluctuating prices of raw materials, such as toluene diisocyanate, have caused some restraints in the growth of the market. Nonetheless, the growing interest of major players toward bio-based polyurethane sealants is expected to boost the growth of the global polyurethane sealant market over the forecast period.
The Asia-Pacific region dominates the global polyurethane sealant market, owing to the significant increase in construction activities in the developing nations such as India and China. The market in Europe and North America are also expected to witness steady growth, owing to the growth in the automobile industry in the region.
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Questions answered in the polyurethane sealant market research report:
Polyurethane Sealant Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Sika AG, BASF, Hodgson Sealants, Sunstar Engineering Inc., Mapei S.p.A., Selena Co. SA, PCI Augsburg GmbH, Arkema S.A., Kommerling Chemische Fabrik Kg, Splendor Industry Company Limited |
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