The U.S. is considered to be one of the highly lucrative markets for polysulfide. Polysulfide are widely used in industrial processing applications. Their usage in rubber industries, petroleum industries and chemical industries is rising day-by-day.
NEWARK, Del., Oct. 17, 2022 /PRNewswire/ -- The polysulfide market is estimated to showcase phenomenal growth over the projection period by exhibiting a CAGR of 5.0% between 2021 to 2031. Countries including Japan, and Toray Fine Chemical, are known to be some of the leading manufacturers of polysulfide which are proceeding with the development of environmentally friendly methods of manufacturing liquid polysulfide elastomeric coatings.
As per historical estimations, the global market registered a CAGR of 4.8% between 2016 and 2020. Lithium sulfur has emerged as a promising next-generation candidate for the energy storage system.
The polysulfide market is anticipated to exhibit significant growth over the last few years and the global market is expected to bolster at a positive rate during the current estimations. The growth is attributed to its rising demand in the U.S., Brazil, and France, among other countries.
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Polysulfide is an essential component used in sealants, adhesives, and coatings, finding applications in the automotive & transportation Industry, industrial processing, specialty chemicals, building & construction, and protective coatings. Applications across diverse industries are creating lucrative prospects for the polysulfide market.
A significant surge in the applications of petrochemicals has been witnessed in several industries such as building and construction, automotive, transportation, and industrial processing. While these factors have been creating lucrative prospects for growth, the polysulfide market also has been gaining from strong domestic demand for chemicals and petroleum-related products.
After getting a thorough insight into the understanding of nature of the product and the extent of its use, market players in polysulfide are focusing their investments on the launch of new products and the diversification of their product portfolios to accommodate a wide range of applications.
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Key Takeaways
- Polysulfide comprises several branches such as polysulfide sealants, polysulfide adhesives, and polysulfide rubber that are used for preventing aircraft fuel tanks, industrial tank liners, and electrical potting amongst others. It is basically used in the form of sealants in order to fill the joints in the pavement, automotive window glasses, and other aircraft structures. Backed by several properties such as high dielectric strength, underwater curing capacity, exceptional chemical resistance, and metal-free, polysulfide compounds are witnessing exceptional demand at a commercial scale.
- This growth is anticipated to become a long-lasting trend, especially in several end-use industries exhibiting consistent growth across the world. Some of the prominent manufacturers are shifting their focus to developing new products that are more environmentally friendly and organic in nature. By knowing the nature of the product and its breadth of use, market players in polysulfide are also concentrating their investments on the launch of new products.
- Sustainable solutions have been driving the world in every industry which has resulted in the sustainable production of polymers and functional materials. Sulfur is a by-product extracted from the petroleum industry which is further converting it into polymers and several other related materials. In addition to this, the research and development initiatives have created a positive outlook for the copolymerization of sulfur with renewable monomers, representing a contribution towards sustainability.
- In order to curb emissions of volatile compounds, various countries are implementing stringent regulations, manufacturers are likely to adopt strategies encouraging investments in research and development. This is inclined toward providing more sustainable solutions, which will have a positive impact on overall growth.
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Competitive Landscape
According to estimations done by Future Market Insights, the demand for Polysulfide market ranging from several other end-users of polysulfides such as piping and marine industries are projected to provide significant growth opportunities to the global market in the forecast period due to the solvent, weather-resistant, and other chemical properties such as stress corrosion cracking, soil PH and organic soil carbon of polysulfides. This surge of marine activities in rising economies with growing demand for recreational activities is anticipated to bolster the demand for recreational vessels, henceforth creating opportunities for the polysulfide market in the projection years.
More Insights into the Polysulfide Market
According to the analysis done by Future Market Insights, China is anticipated to dominate the global polysulfide market by accounting for a major chunk of the global market revenue. The growth in the region is expected to surge owing to the rising usage of construction chemicals such as polysulfide coatings and sealants expected to surge in response to increasing infrastructural activities in China.
China's recovery post-pandemic has assisted in a surge in the construction activities in the country, subsequently helping in recovery post-slowdown for the polysulfide market. Besides this, with manufacturing activities picking up, growth forecasts continue to remain positive for China.
Key Segments
Product Type
- Thiokols
- Solid Polysulfide Elastomers
End Use
- Automotive & Transportation
- Industrial Processing & Application
- Building & Construction
- Protective Coatings
- Specialty Chemicals
- others
Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Strategic Promotional Strategies
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