Asia-Pacific Polyurethane Elastic Sealant market will reach 1805 million USD in 2023

Asia-Pacific Polyurethane Elastic Sealant market will reach 1805 million USD in 2023 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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QYResearch • Asia-Pacific Polyurethane Elastic Sealant market also play important roles in global market, with market size of 1188 million USD in 2016 and will reach 1805 million USD in 2023, with a CAGR of 6.13%. Asia-Pacific will occupy for more market share in following years, especially in China, fast growing India and Southeast Asia regions.

QYR

• In general, the polyurethane sealants business is highly competitive.

However, the major market share is occupied by a few players like Henkel, Bostik and Sika. Depending on the specific adhesive, market segment, and regional market, with the gross margins for polyurethane sealants products commonly range from 20% to 30%.

Polyurethane sealants are selected and priced based on their performance characteristics. Generally the average price of polyurethane sealants ranges from 3000-6000 USD/MT.

QYR • Regionally, China,Japan and india are the main consumption market of polyurethane sealants. The capacity percentage of Henkel is about 7%. In China, the polyurethane sealants industry developed in about 1980s. For application, Construction and Automobile have kept to be the dominant segment of polyurethane sealants downstream industry. The downstream market would remain to be stable in the following years. • Polyurethane sealants manufacturers have sales support and R&D staff that work closely with customers to modify existing products or develop new products. In many cases, the responsiveness of the R&D and technical customer service of the supplier are decisive factors in choosing adhesives.

However, some major sealants producers, such as Henkel, have reduced product differentiation and customization and are instead concentrating more on unique, but higher-margin, products with greater market potential.

QYR

Polyurethane sealants industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to the downstream fields, especially in underdevelopment regions that have a large population and fast economic growth and the downstream application increasing, the need of polyurethane sealants might increase in the future.

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