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Future of Polyurethane Sealants (PU) Market: Size, Share & Forecasts to 2029
Polyurethane Sealants (PU)
What Is the Projected Market Size Valuation of the Polyurethane Sealants (PU) Market by 2025?
The market size of polyurethane sealants (pu) has seen a consistent increase over recent years. Its growth is projected to swell from $3.02 billion in 2024 to $3.13 billion in 2025, indicating a compound annual growth rate (CAGR) of 3.5%. The historical growth can be credited to the surge in construction and building activities, the necessity for infrastructure development, extension in automotive manufacturing, the amplified manufacturing sector, and the trend towards energy-efficient buildings.
What Is the Estimated Market Growth Value for the Polyurethane Sealants (PU) Industry in 2029?
The market for polyurethane sealants (pu) is projected to experience significant expansion in the ensuing years, reaching a valuation of $3.86 billion in 2029 with a CAGR of 5.4%. The anticipated growth over the forecast period can be ascribed to green and sustainable construction methods, infrastructural projects focusing on renewable energy, automotive lightening trends, progression towards urbanization and intelligent city schemes, as well as advancements in the industrial manufacturing arena. Key trends for the forecast period encompass broader marine usage, personalized sealant solutions, preference for low-VOC compositions, expansion of the global market and an emphasis on improved performance.
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What Are the Growth Drivers and Opportunities in the Polyurethane Sealants (PU) Market?
The growth of the polyurethane sealants (PU) market is geared to be driven by the escalating demand in sectors like building and construction, automotive, and consumer products. The increase in demand in building and construction is due to the surge in infrastructural developments to accommodate the ballooning population and urbanization - a factor that also correlates with the automotive sector as more vehicles are being produced to support the urban pace. The construction domain encompasses the application of glass, notably in windows and doors. Polyurethane sealants are leveraged in filling gaps and preventing the intrusion of water and air in the building and construction setting. Additionally, they are applied in the automotive industry for securing windshields and glasses to their supporting structures. For example, Kroll, a US-based financial and risk consultancy firm, released a report in May 2024 forecasting the global auto sales volume to cross 92 million units in 2024. In 2023, worldwide vehicle sales escalated by 10.9%, with U.S. light vehicle sales surging by 13.1% year-on-year to hit 15.5 million units. U.S. vehicle sales are predicted to rise further to 15.9 million units in 2024. Consequently, this uptick in demand across building and construction, automotive and consumer products sectors is providing impetus to the expansion of the polyurethane sealants (PU) market.
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What Are the Primary Segments Covered in the Global Polyurethane Sealants (PU) Market Report?
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
Subsegments:
1) By One-Component: Moisture-Curing Sealants, Heat-Curing Sealants, Solvent-Based Sealants
2) By Two-Component: Polyurethane Or Polyol Systems, Epoxy-Polyurethane Systems, Hybrid Systems
What Are the Top Growth Trends in the Polyurethane Sealants (PU) Market?
The rise in technological innovation is becoming a prevalent trend within the polyurethane sealants (PU) market. Major competitors within this marketplace are directing their attention towards the development of new technological aids in order to maintain their relevance. A key example is Sika AG, a Switzerland-based adhesive and sealant provider predominantly for the construction and automotive sectors. In November 2023, they introduced PURFORM, a breakthrough in polyurethane technology boasting an ultra-low monomer content. Containing less than 0.1% monomeric diisocyanate, a substance potentially dangerous to human health, their products are more eco-friendly when compared to conventional polyurethane items because of a reduced monomeric diisocyanate content. Additionally, their exceptional strength, durability, elasticity, and adhesiveness guarantee high performance across different uses.
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Which Companies Are Shaping the Future of the Polyurethane Sealants (PU) Market?
Major companies operating in the polyurethane sealants (PU) market include 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.
Which Region Holds the Largest Market Share in the Polyurethane Sealants (PU) Industry?
Asia-Pacific was the largest region in the global polyurethane sealants (PU) market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the polyurethane sealants (PU) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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