Organic Polysulfide Market would grow at CAGR of 5%

Global Organic Polysulfide Market by Applications (Adhesives, Sealants, Coating, Elastomer, Vulcanization, and Others) by End Use Industry (Building & Construction, Automotive, Marine & Piping, Aerospace, Chemicals and Others) by Region till 2023

Polysulfide is a chemical compound containing chains of sulfur atoms. There are two main classes of polysulfide namely anionic polysulfide and organic polysulfide. Organic Polysulfide primarily contains an alkyl or aryl group. Organic Polysulfide exhibit properties such as high flexibility, tensile strength, greater impermeability, chemical and weather resistance, and high dielectric strength. There are various end use industries in which polysulfide successfully penetrated is building & construction, automotive, marine & piping, aerospace, and others. The use of polysulfide in construction industry can be seen in sealing, coating, and adhesion of construction materials. Apart from this, both automotive and aerospace industries are using Polysulfide as adhesives, coatings and polymers for the lightweight parts. In addition to this, the applications of Organic Polysulfide can be found in marine & piping. Apart from that in chemical industries, organic polysulfide is used as an elastomer for many commercial chemical reactions.

The consumption of Organic Polysulfide is increasing due to the growing applications in construction and automobile industry. There is increasing demand of highly durable rubber in diverse industrial as well as household applications, this can propel the growth in demand of Organic Polysulfide for vulcanization of natural rubber. The unique characteristic features such as high impermeability, greater sealing ability and resistance add into the demand of Organic Polysulfide over its counterparts. Countries namely India, China, U.S., U.K., and Japan are heavily investing in ship building and port development, which may fuel demand of organic polysulfide on accounts of the greater resistance to chemical reaction and salt water offered by Organic Polysulfide. Moreover, Organic Polysulfide are easily biodegradable and recyclable, which nullify the environmental concern and make it more preferable over the other polymers. However, the sluggish growth of the markets in Latin America owing to the stagnation in many sectors of economy and political instability to impede the market in Latin America. North America is also predicted to witness relatively slow growth of the regional Organic Polysulfide Market due to the ongoing research in bid to find greener products. Nevertheless, the growing marine and aerospace activities is posing as an opportunity, which may push the growth of the Global Organic Polysulfide Market. Collectively, it has been estimated that the global organic polysulfide market would grow at CAGR of 5% throughout the forecast period.

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Regional Analysis:
The major regions in the Global Organic Polysulfide Market are Asia Pacific, Europe, and North America. Other regions include Latin America and Middle East & Africa. Among these five key regions Asia Pacific is the fastest growing market in the Global Organic Polysulfide Market. Countries namely, India, China, Japan, and Malaysia are an important markets in this region. The growth of market in this region in attributed to the growing building & construction activities. Apart from that the automotive and aerospace industries in this region are on the rise due to an increasing demand of cars & bikes from large proportion of middle class people in this region.

Europe is estimated to hold second largest share of the Global Organic Polysulfide Market. Western European countries namely U.K., Germany, France, Netherlands, and Switzerland are the major markets in this region. The continuous innovation in aerospace and marine sector is responsible the growth in demand of organic polysulfide in this region. Apart from this, there is a greater demand of Organic Polysulfide as sealants in construction for prevention from cold. North America is a significant region in the Global Organic Polysulfide Market. U.S., and Canada are holding major share of the regional market owing to the growing aerospace industry. In addition to this the reconstruction activity in U.S. is driving the demand of organic polysulfide market. Other regions in the Global Organic Polysulfide Market are Latin America and Middle East & Africa. The political unrest and stagnant economic growth resulted in sluggish growth of regional market. However, during the forecast period Lain America may emerge as a significant region owing to the evolving end use industries in this region. Middle East & Africa is anticipated to join the leading regions, during the forecast period due to the ease in availability of raw material and ongoing infrastructural developments in the region.

The Global Organic Polysulfide Market is segmented on the basis of applications, end use industry, and region. On the basis of applications the market is divided into adhesives, sealants, coating, elastomer, vulcanization, and others, wherein Organic Polysulfide is majorly used as an important raw material in adhesives and sealants production. Based on end use industries the global organic polysulfide market is segmented into building & construction, automotive, marine & piping, aerospace, chemicals and others. Among them, organic polysulfide has maximum penetration in the building & construction industry. Geographically, the market is segmented into five key region, including Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific is the fastest growing region among them on account of the growing construction activities.

Key Players:
Key players in the Global Organic Polysulfide Market are Kazan Synthetic Rubber Plant (Russia), Toray Fine Chemicals Co., Ltd (Japan), PPG Industries, Inc. (U.S), Flamemaster Corporation (U.S.), BASF (Germany).

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Key Points from Table of Contents:

11. Company Profiles

11.1 kazan synthetic rubber plant
11.1.1 Company Overview
11.1.2 Product/Business Segment Overview
11.1.3 Financial Updates
11.1.4 Key Developments

11.2 Toray Fine Chemicals Co., Ltd
11.2.1 Company Overview
11.2.2 Product/Business Segment Overview
11.2.3 Financial Updates
11.2.4 Key Developments

11.3 PPG Industries, Inc.
11.3.1 Company Overview
11.3.2 Product/Business Segment Overview
11.3.3 Financial Updates
11.3.4 Key Developments

11.4 Flamemaster Corporation
11.4.1 Company Overview
11.4.2 Product/Business Segment Overview
11.4.3 Financial Updates
11.4.4 Key Developments

11.5 BASF SE
11.5.1 Company Overview
11.5.2 Product/Business Segment Overview
11.5.3 Financial Updates
11.5.4 Key Developments

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