Pune, India, August 29, 2017, /MRFR Press Release/- Market Research Future Published a Half-Cooked Research Report on Organic Polysulfide Market
Polysulfide is a chemical compounds containing chain of sulfur atoms. Organic Polysulfide is the class of polysulfide containing alkyl or aryl group. Increasing consumption of organic polysulfide by building & construction industry is favoring growth of the Global Organic Polysulfide Market. Organic Polysulfide possess the properties such as greater impermeability, high flexibility, tensile strength, which makes them more preferable over their counterparts such as synthetic polymers. There is a growing demand of highly durable rubber for vast number of application in diverse industrial as well as household purposes. This is expected to boost the demand of Organic Polysulfide in vulcanization of natural rubber to increase its durability. Furthermore, the coastal countries are rapidly taking up port development projects along with sea bed exploration. This in turn is anticipated to boost the demand of Organic Polysulfide.
Key players in the Global Organic Polysulfide 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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The Global Organic Polysulfide Market is primarily segmented into applications, end use industries, and region. Based on application the market is divided into adhesives, sealants, coating, elastomer, vulcanization, and others. Among these application, Organic Polysulfide are majorly used as an adhesive in construction and automotive industry. Organic Polysulfide as an adhesives hold the major share of its total demand. Steadily growing building & construction activities are responsible for greater use of Organic Polysulfide as an adhesives. It has been estimated that the Organic Polysulfide based adhesive may grow at around 6% CAGR owing to its harmless nature. Characteristic features such as impermeability, greater sealing ability and physical strength makes Organic Polysulfide an ideal product to be used as a sealant in many industrial application. Apart from this, Organic Polysulfide is majorly used as a coating of chemical sensitive material and also in marine based industry where the material is reactive to salt water.
On the basis of end use industries the Global Organic Polysulfide Market is segmented into building & construction, automotive, marine & piping, aerospace, chemicals and others. Organic Polysulfide has been successfully penetrated into all of these key industries. Among all, the building & construction segment hold the major share of overall demand of Organic Polysulfide. Changing lifestyle of people mingled with an innovative architectural designs in construction industry is projected to increase the demand of Organic Polysulfide to propel growth of the Global Organic Polysulfide. Automotive industry is anticipated to reach new heights owing to the growth in production of light weight electric vehicle wherein Organic Polysulfide find their major application as an adhesive. Marine & piping industry is anticipated to witness high growth rate in coming years on account of competition among the coastal countries to explore more keep dominance over marine resources. This in turn is expected to boost the demand of Organic Polysulfide in coating of marine and other piping materials. Furthermore, countries all over the world are aspiring to reach celestial bodies, which is resulting in growth of aerospace market. Considering these development in aerospace sector it is anticipated that the demand of Organic Polysulfide may head north during the forecast period.
Geographically Global Organic Polysulfide Market is segmented into five key regions including, Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Asia Pacific the leader among them all in terms of the market size it is holding. The region accounts for 45% of total share of Global Organic Polysulfide Market due to the huge private investment in housing development. China, India, Japan, and Malaysia are the key contributors to the regional Organic Polysulfide Market. Europe is the second most significant region in the Global Organic Polysulfide Market. Demand of the product in this region is majorly driven by growing marine industry along with the aerospace sector. The western European countries namely, U.K., Germany, France, Switzerland and Italy are responsible for maximum demand of Organic Polysulfide in this region owing to the presence of many end use industries. North America is another substantial market in the Global Organic Polysulfide Market. Aerospace sector of U.S. is steadily growing since the inception of space science by this country and is projected to grow even further as the enthusiasm of human being in space is steadily increasing. The major shareholders of the regional market are U.S. and Canada. Other important regions are Latin America and Middle East & Africa. Among these regions Latin America is anticipated to grow at higher CAGR on account of evolving end use industries and pacifying political scenario.
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