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With the focus to obtain better jobs, better lifestyle, and other amenities, a large number of individuals are shifting to metropolitan cities. This is inducing the emerging countries to make huge investments towards the development of residential homes. According to Technavio's polyurethane sealants industry analysis, the rise in construction activities in the developing countries will be one of the primary growth factors for the polyurethane sealants market. It has been observed that the emerging countries will account for more than 60% of the global construction industry by 2025. This will in turn, fuel the demand for polyurethane (PU) sealants, since they are used to fill in joints on a surface. Furthermore, the cost-effectiveness and waterproof nature of these sealants also fuels their demand for applications in construction activities, driving market growth. Our polyurethane sealants market research analysts estimate that the PU sealant market will grow steadily at a CAGR of more than 5% by 2021.
The growing focus towards reducing the weight of materials will be one of the major polyurethane sealants market trends that will gain traction in the polyurethane sealants market in the coming years. With the increasing global population, there is an excessive consumption of all resources. This will compel the need to adopt lightweight design to reduce the usage of materials and energy resources. The automotive industry already has the need to reduce the weight of the vehicles to meet the stringent fuel efficiency regulations and is focusing on using materials such as plastic, composites, and aluminum. The growing focus towards the usage of lightweight materials will drive the demand for adhesives and sealants such as PU seals owing to the high load capacity of the seal and the potentiality of their structure.
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Technavio's industry research report on the global polyurethane sealants market 2017-2021 will help you-
The polyurethane sealants market appears to be fragmented due to the presence of several international and regional players. The international vendors are dominating the market and focus extensively in R&D. To remain competitive, the key vendors are focusing on various factors including R&D, price, innovation, and quality. Technological advancements and innovations will intensify the level of competition among the players in this marketspace.
The leading vendors in the market are-
The other prominent vendors in the market are Asian Paints, EMS-CHEMIE HOLDING, H.B. Fuller, ITW Polymers Sealants North America, and Pidilite Industries.
The building and construction sector will account for the major share of the polyurethane sealants market in the coming years. PU sealants have low VOCs and are free of isocyanates, which makes it suitable for eco-friendly projects. The increasing demand for green buildings, will be a major factor fueling the growth prospects of the PU sealant market in this end-user segment.
Non-foam PU sealant segment accounted for the maximum share of the polyurethane sealant market during 2016. The applications of PU sealants in different sectors including the construction, automobile, and marine industries, contributes to the growth of the PU sealant market in this segment.
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The rising popularity of eco-friendly and low VOC polyurethane sealants and an increase in the standard of living are some of the key factors driving the growth of the global polyurethane sealants market. The sealant is a texture used to prevent the fluids flow from the surface, joints or openings in materials. In this upcoming report for the chemicals and materials industry implements an in-depth market research process and offers a complete picture of major segments like additives, adhesives, and sealants.
The global polyurethane market is facing several challenges such as stagnant norms EPA and REACH for environmental concerns. This upcoming market research report on the polyurethane sealants market covers geographies like the Americas, APAC, and EMEA to help the client get a better understanding of the market scenario and growth prospects. Furthermore, this report also covers vendors like 3M, Arkema S.A., Sika AG, H.B. Fuller, Henkel AG & Company, KGaA, and BASF SE.
Our market research team at Technavio follow an exhaustive research methodology and provide an all-inclusive picture of the global polyurethane sealants market for the estimated period of 2017-2021. Some of the key approaches included in this methodology are vendor briefings, online surveys, consultation of proprietary tools and databases, and industry journals and podcasts.
This forthcoming market research report offers deep insights into trends, drivers, and challenges and categorizes the market the changing drivers, prominent trends, and the imminent restraints that the additives, adhesives, and sealants segment presently experiences. This upcoming report on polyurethane sealants market present insights into the rapidly changing competitive landscape to offer clients a comprehensive outlook of the events in the near future within the chemicals and materials industry. Technavio also offers in-depth market assessments into the sectors such as plastics, polymers, and elastomers.
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: MARKET SEGMENTATION BY END-USER
PART 08: GEOGRAPHICAL SEGMENTATION
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: KEY VENDOR ANALYSIS
PART 14: Appendix
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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