Automotive Vertical to Catalyze the Polysulfide Market in the Forecast Period 2023 to 2033 | Future Market Insights Inc.

Published Via 11Press : NEWARK, Del: The global polysulfide market is expected to witness staggering growth in the near future, i.e. between 2023 and 2033.

Polysulfide comes across as one of the essential components in sealants, coatings, and adhesives, thereby finding a way into transportation & automotive verticals, specialty chemicals, industrial processing, building & construction, and protective coatings.

Lithium-sulfur has come up as the most sought-after next-generation candidate with regard to energy storage systems. Plus, Toray Fine Chemical is amongst the leading producers of polysulfide polymer; which suffices environmentally-friendliness.

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Liquid and solid polysulfide elastomers are polysulfide’s key derivatives increasingly used in industrial processing. Polysulfide has been categorized as polysulfide adhesives, polysulfide sealants, polysulfide rubber used to prevent aircraft fuel tanks, electrical potting, and industrial tank liners amongst others. As a sealant, it’s used for filling joints in automotive window glasses, pavement, and other aircraft structures. With higher dielectric strength, exceptional chemical resistance, and underwater curing capacity, polysulfide compounds are witnessing good demand at the commercial level.

The above-mentioned trend would be continuing as several end-use verticals are into the usage of polysulfides. On these grounds, the ASEAN Automotive Federation states that November 2020 witnessed sales of 256,158 motor vehicles.

At the same time, the governments are laying down regulations pertaining to polysulfides; which could compel the small players to think twice before venturing into the polysulfide market. For example – polysulfides are regulated under the 2020 CDR TSCA (Toxic Substances Control Act). This actually makes it essential to have EPA information sent regarding the production of polysulfides with commercial use in the US. These factors may restrain the polysulfide market in the years to come.

Future Market Insights has walked through these findings with future perspectives in its latest market study entitled ‘Polysulfide Market’. Its analysts and consultants deploy an eagle’s eye view in primary, secondary, and tertiary modes of research.

“With the growing demand for petroleum-related products and chemicals, the global polysulfide market is expected to go great guns in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Polysulfide Market

• The Asia-Pacific holds a sizable market share and the scenario is expected to remain unchanged in the forecast period. This could be credited to upsurge in consumption of polysulfide sealants and coatings as a response to expanding infrastructural activities all over China.
• Europe is expected to grow on the back of Germany. Polysulfide rubbers are amongst the versatile elastomers used at a broad scale in the automotive vertical. Plus, key participants like Mercedes, BMW, and Volkswagen have been supportive of the expansion of automobiles in this country. France is expected to contribute with good opportunities in marine and aerospace verticals. Russia is another one to add to the growth. Centrum Balticum Organization states that ship-building vertical contributes to 12% of military shipbuilding.
• North America holds a sizable market share with rising demand for light vehicles all over the US.

Competitive Polysulfides

• Emerald Kalama Chemical, in December 2019, introduced Kalama VITROFLEX A99 and A90. These products are utilized in ‘A’ (polymer) side of 2-part polysulfide sealants, thereby ascertaining environmentally-friendly, high-performance alternatives to the technologies into existence.
• Lanxess AG, in April 2021, completed the acquisition of Emerald Kalama Chemical with the objective of expanding the former’s product portfolio.

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What does the Report state?

• The research study is based on product type (thiokols and solid polysulfide elastomers), and by end-use (automotive & transportation, industrial processing & application, building & construction, protective coatings, specialty chemicals, and likewise).
• The impermeability of polysulfides is expected to help the polysulfide market witness consistency in the forecast period.

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 (TOC Continue...)

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