Global polyurethane sealants market accounted for USD 2.30 billion in 2016 and is projected to grow at a CAGR of 5.5% during the forecast period of 2017 to 2024.
Pune, India -- (SBWIRE) -- 08/10/2018 -- The market is growing with the expansion of this Industry Sector Worldwide. Data Bridge Market Research has added a new report titled "Global Polyurethane sealants Market Research Report 2018" which offers details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions. Furthermore, an anticipated growth at a double-digit CAGR for the concerned Polyurethane sealants industry sector is highlighted in the report which indicates a prosperous future.
Market Analysis: Global Polyurethane sealants Market
The global polyurethane sealants market accounted for USD 2.30 billion in 2016 and is projected to grow at a CAGR of 5.5% during the forecast period of 2017 to 2024.
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The report on the Polyurethane sealants market offers a broad overview of the dynamics at play on both the buy side and sell side. In order to deepen readers understanding of the Polyurethane sealants market, the report provides brief historical highlights that have influenced developments herein. Furthermore, the report segments the Polyurethane sealants market on the basis of fundamental yet critical parameters such as: applications, product/technology types, and geographical regions. Given that the value chain is an inextricable part of the Polyurethane sealants market, the report analyzes the same in great detail.
Major Market Drivers and Restraint
- Growing automotive industry
- Increasing demand from the developing countries
- Polyurethane Sealants Bonding Leading to Revolutionary Advances in Safety and Ease of Application
- Volatility in the raw material prices
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Market Segmentation: Global Polyurethane sealants Market
The polyurethane sealants market is segmented on the basis of type into one-component polyurethane sealants, and two-component polyurethane sealants. Two-component polyurethane sealants are expected to grow at the highest CAGR over the forecast period.
On the basis of end user, the market is segmented into building & construction, automotive, general industrial, marine, and others. Building & construction segment is further segmented into glazing, flooring & joining application, sanitary and kitchen applications and others.
On the basis of geography, the polyurethane sealants market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
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Competitive Landscape: Global Polyurethane sealants Market
The global polyurethane sealants market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Polyurethane sealants Market
Some of the major players in the polyurethane sealants market include
- Splendor Industry Company Limited,
- Arkema S.A.,
- Akfix, Sika AG,
- Hodgson Sealants (Holdings) Ltd.,
- Henkel AG & Company,
- KGaA, Sunstar Engineering, Inc.,
- BASF SE,
- PCI Augsburg GmbH,
- Kömmerling Chemische Fabrik Kg,
- The DOW Chemical Company,
- Selena SA,
- RPM International Inc.,
- Konishi Co., Ltd.,
- Asian Paints Limited,
- el Di? Ticaret Ve Kimya Sanayi A.? and many more
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