Polysulfide Resin Market Top Scenario, SWOT Analysis, Business Overview, Forecast 2031

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A comprehensive analysis on the Polysulfide Resins market by Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Global polysulfide resin market will witness growth at a steady pace on the back of rising demand from various industries, including automotive and transportation, industrial processing, building and construction, specialty chemicals, and others.

As per Future Market Insights (FMI), the market is projected to top US$ 229.76 Mn, reaching 62,008.8 Tons during the forecast period between 2021 and 2031.

Thiokols are anticipated to remain highly sought-after in terms of product backed by the growing adoption within building and construction and automotive & transportation industries. Thiokol’s unique sulfur structure makes it useful as a sealant in construction and civil engineering projects, and in cutting edge construction technologies like high-rise building construction.

Driven by the growing demand for construction utilizations due to rapid urbanization, sales of thiokol polysulfide resins will increase coming years. Extensive use of thiokol as double glazing window sealants in building joints and curtain wall joints will boost sales opportunities in the market.

As per FMI, development of infrastructure in emerging economies such as China, India, and Japan will increase the adoption of polysulfide resins, accelerating growth in the market.

The outbreak of COVID-19 dampened the sales of polysulfide resins due to the suspension of production activities in end-use industries and disruptions in supply-chains. However, key players are evaluating agile and better automation solutions in the supply chain, which can supply the products without disruption. This is expected to help the market overcome the pandemic induced slowdown in the coming years.

Key Takeaways from Polysulfide Resin Market Study

  • Application of polysulfide resins in building & construction and automotive & aerospace industries will push the sales in the market at 3.9% CAGR between 2021 and 2031.
  • Building and construction segment is estimated to account for dominant share of 59% in the market.
  • Thiokols (liquid polysulfide resin elastomers) is expected to remain most preferred product owing to increasing application as modifying agents in the construction sector.
  • East Asia is projected to remain as emerge as a highly lucrative polysulfide resin market, with China accounting for almost one-third of the market share.
  • India will continue registering high demand for polysulfide resins, accounting for 43% of sales in South Asia Pacific.

Polysulfide Resin Market: Participant Insights                                                   

Key market participants in the global polysulfide resin market include Toray Fine Chemicals Co. Ltd., Nouryon, Arkema, and JSC Kazan Synthetic Rubber Plant. These companies are focusing on expanding their production capacity in emerging economies.

Read Full Report – https://www.futuremarketinsights.com/reports/polysulfide-resin-market

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