Polyurethane Sealants Market worth $3.3 billion by 2027 | Key players 3M (US), Arkema N.V. (Bostik) (Netherlands), Sika AG (Switzerland), H.B Fuller (US).

According to recent market research the "Polyurethane Sealants Market by Type (One-Component and Two-Component), End-Use Industry (Building and Construction, Automotive, General Industrial, Marine), and Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2027", size is estimated at USD 2.7 billion in 2022 to USD 3.3 billion by 2027, at a CAGR of 4.1%, between 2022 and 2027. The rapid growth of the housing & construction sector, increasing gross domestic product (GDP), growing urbanization, and increasing disposable income drive the polyurethane sealants market. Technological advancements in end-use industries such as automotive, general industrial, marine, and others also support growth. The polyurethane sealants market is divided into five key regions: North America, Europe, Asia Pacific, the Middle East & Africa, and South America. China and India, among other countries, are leading the polyurethane sealants market globally.

Browse 155market data Tables and 46 Figures spread through 184 Pages and in-depth TOC on "Polyurethane Sealants Market - Global Forecast to 2027"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/polyurethane-sealant-market-216163879.html

Two-component sealants comprise polyols and poly-isocyanates, relatively low molecular weight components which are mixed to cure polyurethane. These sealants exhibit faster curing than one-component systems. Aromatic isocyanates (predominantly MDI) are used as two-component binders to manufacture oriented strand board (OSB), medium density fibreboard (MDF), and particleboard. For these boards, the isocyanate is blended with wood strands, fibers, and chips, respectively. The cure takes place in a press at about 200°C. The curing reaction occurs by reacting water with the formation of urea groups.

According to Oxford Economics, the construction sector is one of the largest in the world, with approximately USD 10 trillion spent on construction-related goods and services every year. However, the industry's productivity has trailed that of other sectors for decades, and there is a USD 1.6 trillion opportunity to close the gap. Oxford Economics states that global spending on construction is expected to reach USD 15.2 trillion by 2030, with China, the US, and India leading the market and accounting for 57% of all global growth. More than 50% of the global infrastructure investments are expected to be in emerging economies, particularly Asia, while North America is expected to account for almost 32%.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=216163879

Polyurethane sealants market industry has been studied in North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific dominated the global polyurethane sealants market. The construction industry in China is expected to witness increasing developments due to the implementation of industry policies and market promotion. The polyurethane sealants market in China is driven by the rising demand from new construction and renovation activities, government, and private investments in residential and non-residential projects, and growing consumer spending power. Increasing population, improved lifestyle, cheap labor, and restructured environmental regulations are also expected to fuel the demand for polyurethane sealants in the country.

China's standard of living and purchasing power are increasing rapidly, strengthening the appliances industry. This encourages the development of strong foreign and Chinese brands. According to Statista, appliance industry revenue is projected to witness an annual growth rate of 9.4% between 2020 and 2024, amounting to USD 70,388 million by 2024. The growth of the appliances industry in the country is increasing the use of polyurethane sealants.

Major players operating in the polyurethane sealants include 3M (US), Arkema N.V. (Bostik) (Netherlands), Sika AG (Switzerland), H. B Fuller (US), Henkel AG & Co.KGaA (Germany), BASF SE (US), The Dow Chemical Company (US), MAPEI S.p.A (Italy), Asian Paints Ltd. (India), ITW Polymers Sealants North America, Inc (US), and others.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=216163879

Arkema N.V. (Bostik): Arkema N.V. is a global manufacturer of specialty chemicals and advanced materials with four business segments-Advanced Materials, Coating Solutions, Adhesive Solutions, and Intermediates. The company acquired Bostik SA (the world's no. 3 industrial adhesive manufacturer) in February 2015 to strengthen its position in the specialty chemicals market. Its adhesives are mainly used in the construction industry (both, interior and exterior use). Three years after joining Arkema's high-performance materials segment, Bostik, the smart adhesives specialist, is leveraging investment, innovation, and customer approach to expand its technological leadership in the industrial, personal care, construction, and consumer products markets. The company operates in approximately 55 countries and has 144 production sites.

H.B. Fuller Company: H.B. Fuller is a global adhesive manufacturer, formulator, and marketer. The company has five operating segments: Americas Adhesives, Engineering Adhesives, Construction Adhesives, EMEA (Europe, the Middle East, and Africa), and Asia Pacific. It offers adhesives for various applications such as assembly of electronic devices, vehicle assembly, packaging, and flexible packaging. The company has a strong customer base and operates in several countries across Europe, North America, and Asia Pacific, among other regions. With 55 manufacturing sites in 42 countries, H.B. Fuller has the power to become a global adhesive supplier that also understands local challenges and priorities.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/polyurethane-sealant.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/polyurethane-sealant-market.asp

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.