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The polysulfides market size is forecast to increase by USD 411.6 million, at a CAGR of 4.11% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing use of polysulfides in the transport industry as an essential component in lead-acid batteries for automobiles. This trend is expected to continue as the transportation sector shifts towards electrification, boosting the demand for efficient and sustainable battery solutions. Additionally, there is a rising focus on sustainability and reducing carbon emissions, further fueling the market growth. Stringent government regulations, particularly in Europe and North America, mandating the phase-out of lead-acid batteries in certain applications, are also contributing to the market expansion. However, challenges such as the high cost of production and the availability of alternative battery technologies pose significant hurdles to market growth. Despite these challenges, the polysulfides market is poised for robust growth, driven by its critical role in the transport sector and the increasing demand for sustainable and efficient energy solutions.
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Polysulfides are specialty chemicals used extensively in industrial processing. They are composed of sulfur atoms linked together in various forms, including liquid polysulfide elastomers and solid polysulfide elastomers. The market for polysulfides is diverse, with applications in various industries such as building & construction, protective coatings, lithium-sulfur batteries, and the electrical & electronics industry. In the building & construction sector, polysulfides are used for their impermeability, chemical resistance, and weather resistance properties, making them ideal for glass insulation. In protective coatings, they offer tear resistance and dimension stability. Polysulfides also play a crucial role in the production of chalcogenide materials used in plasma-mass spectrometry and the Fenton reaction. The transportation industry utilizes polysulfides in the production of furfuryl alcohol, a chemical compound used in fuel additives. The market for polysulfides is expected to grow significantly due to their increasing demand in various industries. The chemical compounds offer excellent properties, including their ability to withstand harsh conditions and provide electrical insulation. Overall, the polysulfides market is poised for growth, driven by the increasing demand for specialty chemicals in various industries.
Rise in use in transport industry is notably driving market growth. Polysulfides are specialty chemicals utilized in various industries for their unique properties. Industrial processing applications include the use of sodium polysulfides in the tanning industry for the production of lime-sulfur and sulfurated potash. In the building & construction sector, polysulfide elastomers are employed as protective coatings for their chemical resistance, weather resistance, high flexibility, and impermeability. Liquid polysulfide elastomers and solid polysulfide elastomers are used in insulating materials, ship-building industry, and sealing applications. Polysulfides also play a significant role in the production of lithium-sulfur batteries. In the automotive & transportation industry, polysulfide elastomers are used in the manufacture of automotive window glasses for their excellent heat insulation and high tensile strength.
Further, polysulfide sealants and adhesives are widely used in various industries due to their excellent sealing properties. Polysulfide rubber is used as an industrial tank liner and in the production of aircraft fuel tanks. Polysulfides are also used in electrical potting and chemical compounds such as insecticides and pesticides. The rubber industry uses polysulfide elastomers for the production of commercial elastomers through crosslinking and vulcanization processes. Thus, such factors are driving the growth of the market during the forecast period.
Rising focus on sustainability is the key trend in the market. Polysulfides are specialty chemicals used extensively in various industries for their unique properties. These chemical compounds, consisting of sulfur atoms linked together, offer high chemical resistance, impermeability, and weather resistance. In industrial processing, polysulfides are employed as building & construction materials, particularly in protective coatings. Liquid polysulfide elastomers and solid polysulfide elastomers are widely used for insulating materials, ship-building industry, and sealing applications. In the field of energy, lithium-sulfur batteries utilize sodium polysulfides for their cathodes. Polysulfides also play a role in the tanning industry, where they are used in lime-sulfur and sulfurated potash. Additionally, polysulfides are used in insecticides and pesticides as active ingredients.
Moreover, commercial elastomers, such as polysulfide sealants, polysulfide rubber, and polysulfide adhesives, are essential in various industries. These materials offer high flexibility, high tensile strength, and heat insulation. Polysulfide sealants are used in coating applications, while polysulfide rubber and polysulfide adhesives are used in industrial tank liners, aircraft fuel tanks, and electrical potting. Automotive & transportation industries also utilize polysulfides in the production of automotive window glasses. Crosslinking and vulcanization processes are commonly used to enhance the properties of polysulfides in the rubber industry. Thus, such trends will shape the growth of the market during the forecast period.
Stringent government regulations is the major challenge that affects the growth of the market. Polysulfides are specialty chemicals used extensively in various industries for their unique properties. They consist of long chains of sulfur atoms and are available in both liquid and solid forms, namely liquid polysulfide elastomers and solid polysulfide elastomers. In industrial processing, polysulfides are employed as building & construction materials due to their impermeability, chemical resistance, and weather resistance. They find extensive use in protective coatings, insulating materials, and sealing applications. In the ship-building industry, liquid polysulfide elastomers are used as industrial tank liners and in the production of aircraft fuel tanks. Polysulfides also play a significant role in lithium-sulfur batteries, offering high flexibility, tensile strength, and heat insulation.
Furthermore, they are used in the rubber industry for the production of polysulfide sealants, adhesives, and elastomers. Polysulfides are also used in the automotive & transportation sector for commercial elastomers, crosslinks, and vulcanization. In the chemical industry, they are used in the production of sodium polysulfides, lime-sulfur, and sulfurated potash. Polysulfides also find applications in insecticides and pesticides. With their unique properties, polysulfides continue to be a valuable addition to various industries, contributing to the growth of the global market. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The sealant segment is estimated to witness significant growth during the forecast period. Polysulfides are specialty chemicals utilized extensively in industrial processing for various applications. In the building & construction sector, they are employed as protective coatings due to their excellent chemical resistance, weather resistance, and high flexibility. Liquid polysulfide elastomers and solid polysulfide elastomers offer impermeability and heat insulation, making them suitable for sealing and coating applications in industries such as ship-building and automotive & transportation. Sodium polysulfides find extensive use in the tanning industry for producing lime-sulfur and sulfurated potash.
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The sealant segment accounted for USD 700.20 million in 2018. Polysulfides also play a significant role in the production of insecticides and pesticides as chemical compounds. In the rubber industry, polysulfide sealants, polysulfide rubber, and polysulfide adhesives are widely used due to their crosslinking properties and vulcanization. Polysulfides are essential components in industrial tank liners, aircraft fuel tanks, and electrical potting. They provide high tensile strength and heat insulation, making them suitable for these applications. Furthermore, they are used in automotive window glasses for enhancing their durability and resistance to weather conditions. In the field of energy storage, polysulfides are used in lithium-sulfur batteries as electrolytes, offering advantages such as high energy density and long cycle life. Overall, polysulfides contribute significantly to various industries, providing unique properties that cater to diverse application requirements.
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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The Polysulfides market encompasses a wide range of applications, particularly in the petrochemical industry and industrial processing sectors. In these applications, polysulfides are utilized for enhancing the ductility and tear resistance of steel, making them indispensable in various manufacturing processes. Additionally, polysulfides play a crucial role in addressing soil infertility by introducing hydrogen polysulfide into the groundwater through the Fenton reaction. Beyond industrial applications, polysulfides find extensive use in the transport industry. One-component and two-component polysulfide-based adhesives, sealants, paints, and coatings are widely employed in commercial buildings, infrastructure, and transport vehicles. In the locomotive industry, polysulfides contribute to the durability and dimension stability of metal and concrete structures. Chalcogenide polysulfides, specifically furfuryl alcohol polysulfides, are gaining popularity for their excellent thermal and electrical conductivity properties, making them suitable for use in advanced technology applications.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Adhesives and Sealants Market by Technology, End-user, and Geography - Forecast
Reactive Adhesives Market by Product and Geography - Forecast and Analysis
Polysulfides are a type of specialty chemicals used extensively in industrial processing. They are known for their unique properties, including impermeability, chemical resistance, weather resistance, high flexibility, and high tensile strength. Polysulfides find extensive applications in various industries such as building & construction, protective coatings, lithium-sulfur batteries, and insulating materials. In the building & construction sector, polysulfides are used in the production of liquid polysulfide elastomers and solid polysulfide elastomers. These elastomers offer excellent sealing and coating applications due to their high impermeability and chemical resistance. In the ship-building industry, polysulfides are used as industrial tank liners and in the production of aircraft fuel tanks. Polysulfides also play a significant role in the rubber industry, where they are used in the production of polysulfide sealants, polysulfide rubber, and polysulfide adhesives.
Furthermore, sodium polysulfides are used in the tanning industry, while lime-sulfur and sulfurated potash are used in insecticides and pesticides. Polysulfides are also used in the automotive & transportation industry, particularly in the production of commercial elastomers. The crosslinking and vulcanization processes used in the rubber industry involve the use of polysulfides. Polysulfide elastomers are used in various applications, including automotive window glasses, electrical potting, and heat insulation. Overall, the polysulfides market is driven by the diverse applications of these chemical compounds across various industries. The sulfur atoms in polysulfides offer unique properties that make them indispensable in various applications, from insulating materials to protective coatings and elastomers.
Market Scope |
|
Report Coverage |
Details |
Page number |
189 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.11% |
Market growth 2024-2028 |
USD 411.6 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
3.83 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 44% |
Key countries |
US, China, India, Germany, Canada, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Akzo Nobel NV, Arkema SA, Chevron Phillips Chemical Co. LLC, Huntsman Corp., Kazan Synthetic Rubber Plant, Momentive Performance Materials Inc., Nouryon, Robinson Brothers Ltd., and Toray Fine Chemicals Co., Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Additional Value/Volume Data
7 Five Forces Analysis
8 Market Segmentation by Application
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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