Polysulfides Market - Forecast (2022 - 2027)

The Polysulfides Market size is forecast to reach $XX billion by 2027, after growing at a CAGR of XX% during 2022-2027. Polysulfides are chemical compounds that primarily comprise chains of sulfur atoms. These compounds exhibit various functional properties due to which they are chiefly consumed in building & construction, marine, aerospace, glass insulation, and polymer processing industries. Polysulfides possess high flexibility, high tensile strength, impermeability, chemical and weather resistance, and heat insulation. Hence, they are favorably used in coating and sealing applications. Increasing consumption of polysulfides in downstream markets especially aerospace, building and construction, and Rubber processing are estimated to fuel the market growth.

Report Coverage

The report: “Polysulfides Market - Forecast (2019-2024)” covers an in-depth analysis of the following segments of the Polysulfides Industry.

• By Type: Anionic Polysulfides and Organic Polysulfides.
• By Application: Adhesives, Sealants, Molding/potting Compounds, Coatings and Others.
• By End Use Industry: Building & Construction, Transportation, Industrial and Others.
• By Geography: North America, Europe, Asia Pacific and Rest of World.

Key Takeaways

-Building and construction segment reported the highest market share in the global polysulfides market in 2019

• Anionic polysulfides accounted for a major market share in 2019 due to its better performance and environment friendly properties.
• Asia Pacific dominated the polysulfides market with a share of more than XX% in 2019 due to a rise in demand for new residential and commercial construction projects in the region.
• The consumption of organic polysulfide is increasing due to the growing applications in the construction and automobile industry.
• The industry is estimated to witness a slight decline in its growth rate mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. This is due to a projected decline in the global construction industry during 2019-2020.

Polysulfides Market Segment Analysis - By Type

Anionic polysulfides accounted for a major market share in 2019. This is due to its better performance and environment friendly properties. Anionic polysulfides contain anions that are hydrogen polysulfide conjugate bases, while organic polysulfides primarily comprise an alkyl group. Increasing consumption of Anionic polysulfides across multiple industries such as including aerospace, building and construction, and rubber processing is estimated to drive the growth of the global anionic polysulfides market.

Polysulfides Market Segment Analysis - By End Use Industry

Among all the end use industries, the building and construction segment reported the highest market share in the global polysulfides market in 2019 due to the higher consumption of construction chemicals such as coatings, adhesives, and sealants. The global building construction industry is projected to record a CAGR of xx% to reach XX billion by 2025. Strong economic growth in emerging markets, low interest rates in most developed countries, increasing the demand for elderly friendly infrastructure and technological development are some of the key factors fueling the Building & Construction industry.

Polysulfides Market Segment Analysis - Geography

Asia Pacific dominated the polysulfides market with a share of more than 37% in 2019. The development of infrastructural activities in this region, primarily in China, India, and Malaysia, is estimated to increase the consumption of construction chemicals such as coatings, adhesives, and sealants. This, in turn, is anticipated to drive the market for polysulfide sealants as they provide outstanding flexibility and high weather resistance to the final product. Additionally, high growth in the marine industry in Asia Pacific is projected to drive demand for polysulfides.

Polysulfide Market Drivers

A rise in demand for organic polysulfides

The consumption of organic polysulfide is increasing due to the growing applications in the construction and automobile industry. The industry has witnessed an increase in demand of highly durable rubber in diverse industrial as well as household applications, leading to the growth in demand of the organic polysulfide market. Countries such as India, China, the U.S., the U.K., and Japan are heavily investing in ship building and port development, which may fuel the demand of organic polysulfide on accounts of the greater resistance to chemical reaction and salt water offered by organic polysulfide. Moreover, organic polysulfide is easily biodegradable and recyclable, which nullify the environmental concern and make it more preferable over the other variants.

A rise in R&D initiatives

As high cost and limitations to change chemical compositions continue to challenge the growth of the polysulfide market, key manufacturers are focused on innovations for the development of new products in association with chemical researchers and other stakeholders. In addition, industry operators are investing in R&D activities to address any complications associated with the use of these products. Considering the nature of the product and its scope of application, polysulfide market players are also directing their investments towards launching new products and diversifying their product portfolios for a wide range of applications.

Polysulfides Market Challenges

Stringent government

Industry operators are subject to extensive federal, state, local and foreign laws, regulations, protection of the environment, greenhouse gas emissions, and the generation, storage, handling, and remediation of hazardous substances and waste materials. Concerns regarding the safe use of chemicals in commerce and their potential impact on health and the environment reflect a growing trend in demands for increasing levels of product safety and environmental protection.

Market Landscape

Technology launches, acquisitions and partnerships are key strategies adopted by players in the polysulfides market. Major players in the polysulfides market are DOW Chemical, PPG Industries, JSC Kazan Synthetic Rubber Plan, Hodgson Sealants, Hernon Manufacturing, Flamemaster Corporation, Akzo Nobel, Clariant, Ineos Group, BASF and others.

Acquisitions/Technology Launches

• In March 2020, Hernon Manufacturing, Inc., announced a new partnership with Shenzhen Mitsuden to enhance its presence in Chinese Manufacturing industry.
• In February 2020, PPG Industries Inc., initiated a deal to acquire Alpha Coating Technologies, LLC (Alpha).

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