Polysulfides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Polysulfides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

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. These sulfur compounds are generally classified as anionic and organic polysulfides. Anionic polysulfides contain anions that are hydrogen polysulfide conjugate bases, while organic polysulfides primarily comprise an alkyl group. Polysulfides are also available in the form of metallic salts such as sodium sulfide and sodium hydrosulfide. Additionally, these sulfur compounds are processed and supplied in the global markets as polysulfide elastomers and polysulfide sealants, respectively.

Increasing consumption of polysulfides in downstream markets especially aerospace, building and construction, and rubber processing are expected to drive growth of the global polysulfides market by 2023. Polysulfides are primarily used as a functional chemical for sealing applications in aerospace and building & construction industries. They are primarily used in sealing double-pane insulation of glass windows, construction, adhesives & sealants, fuel tanks, and body parts in aircraft. Excellent flexibility, resistance to ozone and flex cracking, and good adhesion are key attributes of polysulfides due to which they are widely used in building & construction and aerospace industries. Usage of elastomers in rubber processing is also likely to boost demand for polysulfides by the end of 2023. Polysulfides are consumed as crosslinking compounds during vulcanization of rubber. As crosslinking compounds, polysulfides facilitate in connecting polymer chains in rubber, thus improving its rigidity. Furthermore, polysulfide elastomers possess significant elasticity in comparison with other elastomers and regain their original structure at a faster pace.

However, growing environmental concerns regarding VOC emissions of sulfur compounds is anticipated to dampen growth of the global polysulfides market. Sulfur compounds pose environmental hazards such as depletion of ozone, soil infertility, and transportation of polysulfides such as hydrogen polysulfide in groundwater and marine aerosols. Nevertheless, other end-users of polysulfides such as marine and piping industries are projected to provide significant growth opportunities to the global market by 2023 due to their high chemical, solvent, and weather-resistant properties.

In terms of global demand, Asia Pacific is anticipated to witness the highest growth rate during the forecast period. Development of infrastructural activities in this region, primarily in China, India, and Malaysia, is expected to increase 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. High growth in the marine industry in Asia Pacific is likely to drive demand for polysulfides. Europe is estimated to hold the second-largest share of the polysulfides market due to continuous research and development in aerospace and marine sectors. Furthermore, demand for insulating materials in the building & construction sector is projected to provide lucrative market opportunities for polysulfides by the end of 2023 due to cold climatic conditions in the region. The markets in the Middle East & Africa and Latin America are likely to depict sluggish growth due to steady economic conditions in these regions. However, the polysulfides market in North America is anticipated to witness declining growth by the end of 2023 as its end-user markets have matured.

PPG Industries Inc., JSC Kazan Synthetic Rubber Plant, Flamemaster Corporation, and Akzo Nobel N.V. are few of the global producers of polysulfides.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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