Global Polyurethane Sealants Market Insights Forecasts to 2032

• The Polyurethane Sealants Market Size was valued at USD 3.6 Billion in 2022.
• The Market Size is Growing at a CAGR of 5.1% from 2022 to 2032
• The Worldwide Polyurethane Sealants Market Size is expected to reach USD 5.5 Billion by 2032
• Asia Pacific is expected To Grow the fastest during the forecast period

The Global Polyurethane Sealants Market Size is expected to reach USD 5.5 Billion by 2032, at a CAGR of 5.1% during the forecast period 2022 to 2032.

Polyurethane polymers are used to create polyurethane sealants, a type of adhesive or sealer. Due to their superior adhesive and sealing qualities, flexibility, and durability, they are frequently utilised in construction, automotive, industrial, and DIY applications. Due to its high adhesive qualities, polyurethane sealants may adhere well to a variety of substances, such as metals, wood, concrete, plastics, glass, and more. These sealants are perfect for applications that require some degree of movement or expansion and contraction, such as joints or gaps in structures or vehicles, because they retain their flexibility after curing. Moisture, UV rays, and temperature changes are just some of the environmental conditions that polyurethane sealants can withstand. This increases their durability and efficiency. Joints, gaps, and cracks in buildings, bridges, and other structures are frequently sealed with polyurethane sealants in the construction industry. They are especially useful in applications like expansion joints where movement is expected.

Impact of COVID 19 On Global Polyurethane Sealants Market

Many industries faced supply chain, manufacturing, and demand interruptions in the early phases of the pandemic. There was a cascade effect on a number of industries, including construction, automotive, and industrial applications that employ polyurethane sealants, as a result of lockdowns, travel restrictions, and temporary closures of enterprises and manufacturing facilities. Polyurethane sealants are widely used in the construction industry, notably to fill joints and openings in structures and infrastructure. Due to restrictions and uncertainties during the early stages of the epidemic, construction projects were postponed in many areas. As a result, there was less of a need for sealants and other construction-related materials. The shutdown of factories and a drop in consumer expenditure during lockdowns both hurt the automotive sector. This could have had an impact on the market for polyurethane sealants used in automotive applications, such as sealing automobile components. Global supply chains are complicated and vital to many sectors. 

Key Market Drivers

The market for polyurethane sealants has historically been significantly influenced by the building sector. There has been an increase in demand for sealants, which are used to fill joints, gaps, and cracks in buildings, bridges, roads, and other structures, as urbanisation and infrastructure development spread across the globe. Another important market driver for polyurethane sealants is the auto industry. In the production of automobiles, sealants are used for a variety of tasks, including as bonding and sealing parts, lowering noise and vibration, and enhancing the integrity of the entire vehicle.  The importance of sealing and insulating buildings has increased as energy efficiency and environmental concerns have become more widely known. Demand in this market is being driven by polyurethane sealants, which help achieve efficient insulation and weatherproofing. Demand for building and infrastructure development has been significantly influenced by growth in emerging economies, particularly in areas like Asia-Pacific and Latin America. The need for sealants for a variety of uses is anticipated to rise as these areas continue to urbanise and modernise.

Key Market Challenges

Alternative technologies like silicone, acrylic, and hybrid sealants compete with the sealants sector. The dominance of polyurethane sealants in some applications may be challenged by these alternatives, which may offer distinct qualities and advantages. Market alterations and supply chain interruptions may have an impact on the availability and cost of the raw ingredients used in polyurethane sealants. This may have an impact on product pricing and manufacturing costs. Regulations pertaining to product safety, labelling, and environmental effect can be intricate and regionally specific. Manufacturers must make sure their products conform with these rules by keeping up with them.

Market Segmentation

Type Insights

One component segment is dominating the market over the forecast period

On the basis of type, the global polyurethane sealants market is segmented into One Component and Two Component. Among these, one component segment is dominating the market with the largest market share over the forecast period. One-component polyurethane sealants are easier to use than two-component sealants since they don't require precise mixing ratios before application. This application simplicity saves time and lowers the possibility of application faults. One-component polyurethane sealants are used in the construction industry to fill joints and openings in buildings and other structures. On building sites, their application without involved mixing procedures may increase productivity. In the automotive aftermarket, one-component polyurethane sealants are used for a variety of sealing tasks, including as plugging minor gaps and rectifying leaks. Consumers and mechanics may find one-component compositions to be convenient. For one-component polyurethane sealants to function better, manufacturers have been spending money on research and development. 

Application Insights

Building and construction segment holds the highest market share over the forecast period

Based on the application, the global polyurethane sealants market is segmented into Building & Construction, Automotive, Aerospace, General Industrial, Marine, Others. Among these, building and construction segment holds the highest market share over the forecast period. There is an increasing need for new structures, residential communities, commercial buildings, and infrastructure as urbanisation spreads throughout the world. In order to ensure these constructions' durability, energy efficiency, and general performance, polyurethane sealants are crucial for sealing joints, gaps, and cracks.  Sealants are used in infrastructure projects like bridges, tunnels, roads, and airports to preserve structural integrity and stop water infiltration. Demand for sealants is also fueled by the requirement for infrastructure upkeep and repair. Weatherproofing and insulation are provided in building using polyurethane sealants. They aid in preventing moisture and air infiltration, enhancing building occupant comfort and energy efficiency.

Regional Insights

North America is dominating the market over the forecast period

North America is dominating the market with the largest market share over the forecast period. The largest consumer of polyurethane sealants in North America is the construction sector. Residential, commercial, and infrastructure projects are always in demand in the area, and each of them calls for sealants for various bonding and sealing tasks. In North America, the demand for polyurethane sealants is primarily driven by the residential construction industry, which uses them for insulation, window and door installation, and roof sealing. The need for sealants is also driven by the commercial and industrial construction sectors. For tasks including sealing expansion joints, concrete joints, and flooring installations, these industries need sealants. Another key North American market driver for polyurethane sealants is the automotive industry. In the production of automobiles, sealants are used to glue and seal parts, lessen noise and vibration, and enhance the integrity of the entire vehicle.

Asia Pacific is witnessing the fastest market growth over the forecast period. An increase in demand for sealants used in construction and infrastructure projects is being caused by the extensive urbanisation and building activities taking place in the Asia Pacific area. New residential, commercial, and industrial structures are required as a result of rapidly expanding economies and population growth.  Governments around the region are making significant investments in the construction of roads, bridges, airports, and public transportation systems. Sealants are needed for these projects to prevent water intrusion and seal joints. One of the major automobile industries in the world is found in nations like China, Japan, and South Korea. For bonding, sealing, and noise reduction, polyurethane sealants are widely utilised in the automotive industry.

Recent Market Developments

• In March 2022, In the US, Arkema purchased Ashland's Performance Adhesives division. In Arkema's attempts to enhance its Adhesive Solutions division, this acquisition represents a critical turning point.

List of Key Companies

• The DOW Chemical Company
• Pidilite Industries Limited
• BASF SE
• Asian Paints Limited
• Sika AG
• H.B. Fuller
• Arkema S.A.
• Mapei S.P.A.
• ITW Polymer Sealants North America, Inc.
• Soudal N.V.
• 3M Company
• Henkel AG & Company
• KGaA

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. Spherical Insights has segmented the global Polyurethane Sealants Market based on the below-mentioned segments:

Polyurethane Sealants Market, Type Analysis

• One Component
• Two Component

Polyurethane Sealants Market, Application Analysis

• Building & Construction
• Automotive
• Aerospace
• General Industrial
• Marine
• Others

Polyurethane Sealants Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa