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The polysulfide rubber market size is forecast to increase by USD 109.1 million at a CAGR of 4.3% between 2023 and 2028.
The polysulfide rubber industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Polysulfide rubber (PSR), a type of synthetic rubber, is widely used in various industries due to its unique properties and benefits. PSR is produced through the polycondensation process of dihalides and aliphatic compounds, such as ethylene dichloride and propyl dichloride. This process results in both solid and liquid forms, as well as aqueous dispersions and lattice forms, catering to diverse application requirements. PSR is known for its soft, stretchy, and long-lasting characteristics, making it suitable for use in molds, casting, wax, gypsum plasters, and various other applications. Its resistance to solvents, oils, fuels, sunlight, gas impermeability, and moisture impermeability make it an ideal choice for numerous industries, including construction, sealant, adhesive, and insulated glass.
PSR's high thermal stability and resistance to various environmental factors make it a popular choice in industries such as transportation, industrial processing, specialty chemicals, and building and construction. Its thermosetting characteristics make it an essential component in construction projects, petrochemical industry, and protective coatings. Moreover, PSR is used in lithium-sulfur batteries as a high-performance cathode material, as well as In the production of liquid and solid polysulfide elastomers. Its environmental sustainability is a significant advantage, as it naturally emits volatile organic compounds (VOCs) during production, making it a more eco-friendly alternative to some traditional materials. In summary, polysulfide rubber is a versatile and valuable material in various industries, offering unique properties and benefits that cater to diverse application requirements. Its use in automotive, construction, petrochemical, and energy storage industries, among others, highlights its importance and potential for future growth.
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The Automotive segment was valued at USD 150.45 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The polysulfide rubber (PSR) market In the Asia-Pacific region experiences substantial growth due to increased investments and advancements, particularly withIn the automotive sector. Notable investments include Renault-Nissan's plan to invest between USD600-700 million In their Chennai facility by 2024, and Mercedes Benz's USD360.14 million investment in Maharashtra, both aimed at enhancing manufacturing capabilities and production expansion. Additionally, Tata Motors Group has signed an MoU with the Tamil Nadu government to explore vehicle manufacturing, with a proposed investment of USD1,081 million. Polysulfide rubber, a type of synthetic rubber, is produced through polycondensation using dihalides and aliphatic compounds such as ethylene dichloride and propyl dichloride.
It exists in various forms, including solid, liquid, aqueous dispersion, lattice, and is known for its soft, stretchy, long-lasting properties. Polysulfide rubber offers resistance to solvents, oils, fuels, sunlight, and is gas and moisture impermeable, making it suitable for applications in construction, sealant, adhesive, insulated glass, and industrial processing. Key industries include transportation, petrochemical, building and construction, protective coatings, and specialty chemicals. Polysulfide rubber's thermosetting characteristics make it ideal for use in construction projects, chemical compositions, and digital initiatives such as lithium-sulfur batteries and high-performance cathodes. The market for polysulfide rubber continues to expand, driven by its versatility, durability, and environmental sustainability, as it naturally emits volatile organic compounds.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Demand from sealants market is the key driver of the market.
Application of polysulfide rubber in modeling clays is the upcoming market trend.
What challenges does the Polysulfide Rubber Industry face during its growth?
Threat from alternative materials is a key challenge affecting the industry growth.
Exclusive Customer Landscape
The polysulfide rubber market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the polysulfide rubber market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, polysulfide rubber market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Polysulfide rubber (PSR), a type of synthetic rubber, is produced through the polycondensation of dihalides and aliphatic compounds. The process involves the reaction of ethylene dichloride and propyl dichloride, resulting In the formation of polysulfide chains. This rubber can exist in various forms, including solid, liquid, and aqueous dispersion. The unique properties of PSR make it a valuable material in numerous industries. Its soft and stretchy nature makes it an excellent choice for molds and casting applications. In the construction sector, it is used In the production of gypsum plasters and as a sealant and adhesive. PSR's resistance to solvents, oils, fuels, sunlight, and gas and moisture impermeability make it an ideal material for use in various industries, including marine, aircraft, insulated glass, and infrastructure management.
The thermosetting characteristics of PSR make it suitable for use in construction projects and petrochemical industry applications. Its high resistance to volatile organic compounds (VOCs) makes it an excellent choice for use in paints and coatings, sealants, and adhesives. In the transportation sector, PSR is used In the production of specialty chemicals, industrial processing, and lithium-sulfur batteries for high-performance cathodes. The chemical compositions of PSR make it an essential material in various industries. In the transportation sector, it is used In the production of liquid polysulfide elastomers and solid polysulfide elastomers. These elastomers have found extensive use In the production of washers, gaskets, diaphragms, and coatings.
The use of PSR in various industries is driven by its environmental sustainability. Its resistance to degradation and long-lasting properties make it an attractive alternative to traditional materials. Additionally, the ongoing digital initiatives in various industries are driving the demand for PSR In the production of high-performance materials. In conclusion, polysulfide rubber is a versatile material with unique properties that make it an essential component in various industries. Its resistance to various environmental factors, thermosetting characteristics, and long-lasting properties make it an attractive alternative to traditional materials. The ongoing digital initiatives in various industries are expected to drive the demand for PSR In the production of high-performance materials.
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Market Scope |
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Report Coverage |
Details |
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Page number |
189 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
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Market growth 2024-2028 |
USD 109.1 million |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
4.0 |
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Key countries |
US, China, India, Germany, and Canada |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by Type
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
Research Framework
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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