According to SPER Market Research, the Polyurethane Sealants Market is estimated to reach USD 5.45 billion by 2032 with a CAGR of 4.46%. Polyurethane (PU) sealants are an elastomeric compound used to seal joints and cracks in floors and walls. These sealants are used in concrete, metal, and wooden buildings. Polyurethane sealants, which are used as an alternative to silicone sealants and are durable and resistant to abrasion, are typically used for applying wood finishes. For sealing, void filling, and keeping moisture from entering joints, sealants are essentially insulating and grouting materials. Polyurethane sealants are made by combining various colours, fillers, and additives with polyurethane polymer. These sealants are highly resistant to corrosion, chemicals, and moisture. They also dry quickly. They are used in a wide variety of industries, including the building and automobile industries.
Polyurethane Sealants Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 4.46%
- Forecast Market Size (2032): 5.45 billion
The COVID-19 pandemic epidemic has had a substantial negative impact on the global polyurethane sealant business. The building industry has been halted by the global pandemic epidemic. The state-wide lockdown imposed by the government halted practically all construction work. The market suffered as a result of the sharp decline in demand for polyurethane sealants in the building sector. Additionally, the economy’s decline brought on by the epidemic decreased customers’ disposable income. The demand for polyurethane sealant in the automotive industry has decreased as a result of the sharp decline in global auto sales.
Impact of COVID-19 on the Polyurethane Sealants Market
The global polyurethane sealant market has suffered significantly as a result of the COVID-19 pandemic epidemic. The global pandemic outbreak has put a stop to the building sector. The government-ordered nationwide lockdown caused almost all construction activity to cease. As a result, the market was impacted since the demand for polyurethane sealants in the construction industry significantly decreased. Additionally, the pandemic-related downturn in the economy led to a drop in consumers’ disposable income. As a result, there has been a sharp decline in global auto sales, which has reduced demand for polyurethane sealant in the automotive industry.
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Polyurethane Sealants Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Product Type:
- One Component Polyurethane Sealants
- Two Component Polyurethane Sealants
By End User:
- Building and Construction
- General Industrial
- Middle East
- North America
- Latin America
Polyurethane Sealants Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Arkema S.A., BASF, Hodgson Sealants, Kommerling Chemische Fabrik Kg, Mapei S.p.A., PCI Augsburg GmbH, Selena Co. SA, Sika AG, Splendor Industry Company Limited, Sunstar Engineering Inc.
Sara Lopes, Business Consultant – U.S.A.
SPER Market Research