What is Global Polysulfides Market?
The Global Polysulfides Market is a vast and dynamic sector that encompasses a wide range of applications and industries. Polysulfides are a class of chemicals that contain chains of sulfur atoms. They are used in a variety of industries due to their unique properties such as high flexibility, excellent resistance to solvents and chemicals, and superior adhesion. The global market for polysulfides is significant and continues to grow, driven by increasing demand from various end-use industries. In 2022, the market was valued at US$ 147.2 million and is projected to reach US$ 189.1 million by 2029. This represents a compound annual growth rate (CAGR) of 3.6% during the forecast period from 2023 to 2029.
Sealants, Adhesives, Others in the Global Polysulfides Market:
The Global Polysulfides Market is dominated by a handful of major players. In 2019, the top five manufacturers accounted for approximately 96% of the market in terms of polysulfides revenue. The largest manufacturer is PPG, which held about 41% of the market share in 2019. These manufacturers have a significant influence on the market, dictating trends and shaping the competitive landscape.
Sealants & Adhesives, Coating Additive, Lubricant Additive, Others in the Global Polysulfides Market:
Geographically, Europe is the largest production region for polysulfides, holding nearly 72% of the market share in 2019. This is followed by Japan, which accounted for 21% of the market share. The dominance of these regions can be attributed to the presence of key manufacturers, advanced manufacturing technologies, and robust demand from end-use industries.
Global Polysulfides Market Outlook:
Polysulfides find extensive use in various applications such as sealants, adhesives, coating additives, and lubricant additives. As sealants and adhesives, polysulfides offer excellent adhesion, flexibility, and chemical resistance, making them ideal for use in construction, automotive, and aerospace industries. As coating additives, they enhance the performance of coatings by improving their resistance to chemicals, heat, and corrosion. In the form of lubricant additives, polysulfides enhance the performance of lubricants by improving their anti-wear and anti-corrosion properties.
| Report Metric | Details |
| Report Name | Polysulfides Market |
| Accounted market size in 2022 | US$ 147.2 million |
| Forecasted market size in 2029 | US$ 189.1 million |
| CAGR | 3.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | Nouryon, Toray, JSC Kazan Synthetic Rubber Plant, Chevron-Phillips, PPG, Master Bond |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
