Organic Polysulfide Market 2022 Outlook, Current and Future Industry Landscape Analysis 2030 | Kazan Synthetic Rubber Plant (Russia), Toray Fine Chemicals Co., Ltd (Japan), PPG Industries, Inc. (U.S)
Organic polysulfides are chemicals with an alkyl or aryl group in their composition. They contain parcels of chemical and rainfall resistance, high inflexibility, high dielectric strength, tensile strength, and impermeability. The global organic polysulfide request report by Market Research Future (MRFR) has been collected by keeping in mind the colorful dynamics similar as motorists, conditions, openings, and trends. A list of prognostications and protrusions has been formulated for assiduity leaders for the period of 2018 to 2023 ( cast period).
Outlook
The global organic polysulfide market is expected to thrive at 5?GR over the forecast period. Multiple applications of organic polysulfide in construction, automotive, aerospace, marine & piping, and others can drive the market demand. Polysulfide is used in the adhesion, coating, and sealing of materials. Environmental regulations to lower emission rates and reduce component weight are expected to fuel market demand till 2023.
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Competition Outlook
Kazan Synthetic Rubber Plant, Flamemaster Corporation, BASF, PPG Industries, Inc., Toray Fine Chemicals Co., Ltd, and others are prominent names in the global organic polysulfide market.
The development of polyphenyl polysulfide, a class of organic polysulfides, for application in lithium-sulfur (Li-S) batteries is expected to widen the scope of the market. Researchers at Hong Kong University of Science & Technology have developed this battery while maintaining its eco-friendliness and low cost.
Segmentation
The global organic polysulfide market is segmented on the basis of the application and end-use industry.
On the basis of applications, the market is divided into vulcanization, adhesives, sealants, elastomer, coating, and others. Adhesives and sealants are likely to clock an impressive growth rate during the forecast period in the market.
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Based on end-use industries the global organic polysulfide market is segmented into marine & piping, building & construction, automotive, aerospace, chemicals, and others. Among them, organic polysulfide has maximum penetration in the building & construction industry.
Regional Analysis
Geographically, the market is segmented into five key regions, namely Asia Pacific (APAC), Europe, North America, Latin America, and Middle East & Africa (MEA). APAC is the fastest-growing region among them on account of the growing construction activities. The growth can be attributed to the building & construction, automotive, and aerospace industries. Massive demand for cars and bikes from the middle class can fuel the market demand.
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Europe is estimated to hold second place owing to demand from countries of the Netherlands, Switzerland, Germany, and the U.K. Constant developments in the aerospace sector is expected to elicit heavy demand for organic polysulfides. In addition, the environmental regulations proposed by the European Union can act as a great catalyst for the shift towards biodegradable polymers.
North America has assumed the third position in the market owing to the U.S. and Canada. The resurgence of the construction sector, as well as interest in the renovation of old and legacy buildings, can boost the demand for organic polysulfides.
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