Polyurethane Sealants (PU) Global Market Report 2024

The polyurethane sealants (pu) market has grown strongly in recent years. It will grow from $2.89 billion in 2023 to $3.04 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth observed in the historical period can be primarily attributed to several key factors. These include a surge in construction and building activities, heightened infrastructure development requirements, expansions within the automotive manufacturing sector, a notable uptick in manufacturing industries, and a significant shift towards the construction of energy-efficient buildings. These collective influences played pivotal roles in driving growth during that period.

The polyurethane sealants (pu) market is expected to see steady growth in the next few years. It will grow to $3.68 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. Anticipated growth in the forecasted period is poised to stem from several key drivers. These include the adoption of sustainable and green building practices, the rise in renewable energy infrastructure projects, ongoing trends in automotive lightweighting, urbanization patterns alongside smart city initiatives, and advancements in industrial manufacturing techniques. These factors are expected to significantly contribute to the market's expansion during the forecasted period.

Anticipated growth in the polyurethane sealants (PU) market is attributed to increased demand in building and construction, automotive, and consumer products. The expansion in construction aims to accommodate rising urbanization and population needs, utilizing PU sealants for joint sealing. Similarly, the automotive sector employs these sealants in windshield and mirror installations for structural integrity. Reports from 2021 highlighted a 5.5% rise in US passenger car sales and a 7.1% increase in vehicle production by China-based automakers. The global construction output of $10.7 trillion in 2020 is projected to escalate by 42% to reach $15.2 trillion by 2030, driving the demand for PU sealants.

The escalating need for electricity is set to drive the PU sealants market. PU sealants play a pivotal role in safeguarding electrical components due to their properties, supporting safe and reliable operations. Reports from 2022 indicated a 2.4% surge in US electricity consumption, with the residential sector accounting for 38.9% of the total. This surge underscores the growing reliance on electricity, thereby augmenting the demand for PU sealants in the electrical industry.

Technological advancements stand as a prominent trend in the PU sealants market. Leading companies are prioritizing innovation to maintain market positions. Notably, Sika AG introduced the PURFORM polyurethane technology in 2023, boasting ultra-low monomer content, enhancing sustainability, and reducing potential health risks. This innovation ensures superior performance in various applications, offering enhanced strength, durability, elasticity, and adhesion.

Market giants are strategically developing cutting-edge adhesive solutions to gain a competitive edge. For example, in 2021, Bostik unveiled the GCR Series, a line of PU sealants formulated with advanced Silane-modified Polymer (SMP) technology. These products cater to the increasing demand for high-performance, eco-friendly solutions, providing exceptional adhesion, sealing capabilities, and durability.

In January 2022, Sun Chemical, a US-based manufacturer specializing in printing inks and pigments, completed the acquisition of SAPICI S.p.A. The specific financial details of this transaction were not disclosed. This strategic move is geared towards enhancing Sun Chemical's integrated supply strategy by incorporating SAPICI's expertise in developing and manufacturing polymers. By assimilating SAPICI, Sun Chemical gains access to a diverse polymer portfolio, including coatings, elastomers, and polyurethane sealants. SAPICI S.p.A., based in Italy, specializes in producing polyurethane solutions utilized in sealants, coatings, packaging, and adhesives.

Major companies operating in the polyurethane sealants (pu) market report are 3M Company, Arkema SA, Asian Paints Ltd., Badische Anilin- und Sodafabrik, The Dow Chemical Company, Sika AG, H.B. Fuller India Adhesives Pvt Ltd., Henkel AG & Company KGaA, Mapei S.P.A., Itw Polymer Sealants North America Inc., Soudal N.V., Hodgson Sealants Ltd., Pidilite Industries Limited, Akzo Nobel N.V., RPM International Inc., Wacker Chemie AG, Huntsman Corporation, Avery Dennison Corporation, Bostik SA, Chemence Inc., Dicks-Armstrong-Pontius, Franklin International Inc., General Electric Company, Illinois Tool Works Inc., Jowat SE, Kumkang Korea Chemicals Co. Ltd., LORD Corporation, Momentive Performance Materials Inc., PPG Industries Inc., Royal Adhesives & Sealants LLC, SABA Dinxperlo B.V., Sashco Inc., Selena Group, Tremco Incorporated, W. L. Gore & Associates Inc., Weicon GmbH & Co. KG, Worthen Industries Inc.

Asia-Pacific was the largest region in the global polyurethane sealants (PU) market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the polyurethane sealants (pu) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the polyurethane sealants (pu) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

These sealants predominantly exist in two primary forms one-component and two-component varieties. One-component polyurethane sealants encompass formulations with isocyanate properties that react with moisture present in the air or on the substrate. Widely employed across diverse applications including glazing, flooring and jointing, concrete joints, submersion, sanitary and kitchen settings, these sealants cater to a broad spectrum of industries such as building and construction, automotive, general industrial usage, marine, aerospace, and others. Their versatility makes them invaluable across multiple sectors for sealing and bonding applications.

The polyurethane sealants market research report provides polyurethane sealants market statistics, including polyurethane sealants industry global market size, regional shares, competitors with a polyurethane sealants market share, detailed polyurethane sealants market segments, market trends and opportunities, and any further data you may need to thrive in the polyurethane sealants industry. This polyurethane sealants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The polyurethane sealants (PU) market consists of sales of polyurethane sealants auto glass adhesive, extra strong polyurethane sealant, polyurethane sealants metal adhesive, and polyurethane sealants marine adhesive. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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