Sealant Market Poised for Growth, Driven by Construction Boom and Innovations in Polyurethane Products
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The polyurethane elastic sealant and MS sealant market is projected to reach a valuation of $6.3 billion by 2032, driven by construction industry growth especially in Asia-Pacific.
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Polyurethane sealants account for over 67% of the market due to durability, flexibility, and eco-friendliness.
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The building and construction sector utilizes 39.7% of sealants, spearheaded by massive residential and infrastructure projects.
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Top players like Sika AG and Henkel AG control less than 35% market share due to high competition and regional manufacturer growth.
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Fluctuating raw material costs, evolving regulations, and technological innovation will reshape the competitive landscape.