The global polysulfide elastomers market is touted to gain considerable momentum through the coming years, driven majorly by its intrinsic demand from myriad industries including electrical and electronics, construction, chemical, metalworking, and others.
In construction and buildings industry, polysulfide elastomers are known to offer excellent flexibility, good adhesion, and superior resistance to ozone and flex cracking. Besides, they are also used in sealing double-pane insulation of glass windows. The product is generally consumed as crosslinking compounds during vulcanization of rubber. As crosslinking compounds, polysulfide elastomers facilitate in connecting polymer chain in rubber, thus improving the rigidity.
The elastomers boast significant elasticity in comparison with other elastomers and apparently regain their original structure at a relatively faster pace.
However, the rising concerns pertaining to the VOC emissions of sulfur compounds is projected to degrade the growth of the overall polysulfide elastomers market. Sulfur compounds typically pose environmental hazards including soil infertility, ozone depletion, and transportation of polysulfides in groundwater.
Increasing demand for these elastomers from the piping and marine industries is expected to offer positive growth prospects to the global polysulfide elastomers market throughout the analysis time frame owing to the product’s weather-resistance and high chemical properties.
The thriving automotive sector worldwide is likely to open up new growth avenues for the polysulfide elastomers market during 2021-2027. These products provide double-sealing insulation to the automobile body when incorporated in the windowpanes. The segmental growth is being further propelled by the rising production and sales of commercial as well as passenger vehicles worldwide. According to statistics by OICA, the total automobile production globally during 2020 accounted to 77 million. Various governments have also been coming up with diverse strategies and plan to enhance their automotive business to gain an edge in the overall market.
Besides, the global polysulfide elastomers market growth is also characterized by the expanding building and construction sector globally. As per a recent report by ICE, Global Construction 2030, the construction output would grow by 85% to USD 15.5 trillion by 2030, worldwide. This is poised to offer lucrative opportunities for polysulfide elastomers suppliers to expand.
Regionally, Europe polysulfide elastomers market would expand profusely through 2027, led by Germany, France, Italy, and other crucial contributors. The growth in Germany polysulfide elastomers market would come from the flourishing automotive industry, driven by the presence of major automotive giants in the country.
France polysulfide elastomers market would be fueled by the increasing investments in the building and construction sector. According to the Wisconsin Economic Development Corporation, the building and construction sector in France is expected to witness an excellent push due to the 2024 Paris Olympic Games along with the government initiative introduction to support finance renovation of old residential structures and heating equipment.
Several companies operating in the global polysulfide elastomers market include BASF S.E., Toray Industries, Henkel, Akzo Nobel, PPG Industries, Master Bond, Royal Adhesives & Sealants, LLC, (Royal Holdings, Inc.), and others. These vendors are investing considerably in R&D to bring forth new products and gain competitive advantage over competitors.
The outbreak of novel coronavirus worldwide has had a severe impact on the global polysulfide elastomers market majorly due to declining growth in the building and construction and automotive industries. This can be reasoned to the imposition of movement restrictions, temporary halt in production, disruption in supply chains, and more.