Polyurethane Sealants (PU) Market Trends, Size, Share And Growth Analysis 2024-2033

The polyurethane sealants (pu) market size has grown strongly in recent years. It will grow from $2.89 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to construction and building boom, infrastructure development needs, automotive manufacturing expansion, increased manufacturing sector, shift towards energy-efficient buildings.

The polyurethane sealants (pu) market size is expected to see steady growth in the next few years. It will grow to $3.68 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to sustainable and green building practices, renewable energy infrastructure projects, automotive lightweighting trends, urbanization and smart city initiatives, advancements in industrial manufacturing.. Major trends in the forecast period include increasing marine applications, customized sealant solutions, shift towards low-voc formulations, global market expansion, focus on enhanced performance..

Market Overview -
Polyurethane sealants are adhesive compounds based on polyurethane polymers that create flexible and durable seals, preventing the penetration of air, water, or other substances between surfaces. Polyurethane sealants are known for their excellent adhesion, elasticity, and resistance to weathering used for sealing, filling gaps, preventing water and air from getting into joints, absorbing the natural movements of building components and improving aesthetics.

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Polyurethane Sealants (PU) Market Growth Driven By Surging Demand In Building And Construction, Automotive, And Consumer Products Industries
A rise in demand in building and construction, automotive, and consumer products is expected to propel the growth of the polyurethane sealants (PU) market going forward. Demand in building and construction refers to the increase in the establishment of structures to accommodate the growing population and urbanization. At the same time, automotive includes the various vehicles manufactured to support urbanization. The construction industry involves the installation of glass, such as glass installed in windows and doors. In the building and construction sector, polyurethane sealants are used as sealants for filling gaps and preventing water and air from getting into joints; further, in the automotive industry, windshields and glasses are installed in vehicles, with the application of polyurethane sealant ensures that the mirrors are firmly attached to the supporting structures. For instance, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), the central lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Further, China-based automakers produced 20.7 million vehicles in 2021, an increase of 7.1%. In 2021, the total number of cars produced worldwide climbed by 2.7% to 63.2 million. Furthermore, Furthermore, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion Therefore, the rise in demand for building and construction, automotive, and consumer products is driving the growth of the polyurethane sealants (PU) market.

Competitive Landscape -
Major companies operating in the polyurethane sealants (pu) market report are 3M Company, Arkema SA, Asian Paints Ltd., Badische Anilin- und Sodafabrik, The Dow Chemical Company, Sika AG, H.B. Fuller India Adhesives Pvt Ltd., Henkel AG & Company KGaA, Mapei S.P.A., Itw Polymer Sealants North America Inc., Soudal N.V., Hodgson Sealants Ltd, Pidilite Industries Limited, Akzo Nobel N.V., RPM International Inc., Wacker Chemie AG, Huntsman Corporation, Avery Dennison Corporation, Bostik SA, Chemence Inc., Dicks-Armstrong-Pontius, Franklin International Inc., General Electric Company, Illinois Tool Works Inc., Jowat SE, Kumkang Korea Chemicals Co. Ltd., LORD Corporation, Momentive Performance Materials Inc., PPG Industries Inc., Royal Adhesives & Sealants LLC, SABA Dinxperlo B.V., Sashco Inc., Selena Group, Tremco Incorporated, W. L. Gore & Associates Inc., Weicon GmbH & Co. KG, Worthen Industries Inc.

Polyurethane Sealants (PU) Market Embraces Technological Advancements
Technological advancements have emerged as a key trend gaining popularity in the polyurethane sealants (PU) market. Major companies involved in the polyurethane sealants (PU) market are focused on innovating technological solutions to sustain their position in the market. For instance, in November 2023, Sika AG, a Switzerland-based manufacturer of adhesives and sealants for the building sector and automotive industry launched PURFORM polyurethane technology with ultra-low monomer content. It contains less than 0.1% monomeric diisocyanate, which can be harmful to human health and more sustainable than traditional polyurethane products because they contain less monomeric diisocyanate. They boast superior strength, durability, elasticity, and adhesion, ensuring high performance in various applications.

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Key Segments -

The polyurethane sealants (pu) market covered in this report is segmented -

1) By Type: One-Component, Two-Component
2) By Application: Glazing, Flooring And Joining, Concrete Joints, Submerged, Sanitary And Kitchen
3) By End-User: Building And Construction, Automotive, General Industrial, Marine, Aerospace, Other End-Users

Key highlights covered in the report -

1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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