Global Polysulfides Market - 2020-2027
Polysulfide polymers, especially thiol-terminated liquid polysulfides, can react chemically with other resins and modify their properties. Resin modifications and processes where polysulfide polymers are formed together with another resin formation are discussed earlier. For instance, phenolic resins and, to a certain extent, furfuryl alcohol resins can be flexible by reaction with polysulfides. Moreover, thiols also react with epoxides, and some useful modified resin compositions have been prepared by mixing liquid polysulfides with epoxide resins. The products hold much of the epoxy hardness while introducing the elastomeric polysulfide significantly advances the impact strength and imparts some flexibility. In addition, amine catalysts are generally used to cure these resins. Anhydride cures also give satisfactory products, but strong acids cause degradation of the polysulfide.
The global polysulfides market is estimated to reach USD XX billion by 2027 from the recorded market size of worth USD XX billion in 2018, growing at a CAGR of XX% during the forecast period.
The increasing demand for performance and environment-friendly properties, the anionic polysulfides is expected to increase the market growth in the forecast period. Moreover, it contains hydrogen polysulfide conjugate bases, which increased the consumption across various industries like building & construction, aerospace, and rubber processing and is expected to boost the anionic polysulfides market growth.
In upcoming technology, the hydrophobic interface is inspired by a novel design of the "polysulfide-phobic" interface that was introduced and developed to control lithium-sulfur batteries' shuttle effect. 2D VOPO4 films with adequate active sites were used to immobilize the polysulfides by forming a V-S bond. Moreover, due to the intrinsic coulomb repulsion between polysulfide anions, the surface attached with polysulfides can be further developed into a "polysulfide-phobic" interface demonstrated by the advanced time/space-resolved operando Raman evidence. The lithium-sulfur battery offered superior long-term cycling stability by introducing the "polysulfide-phobic" surface design into separator fabrication. This work expands a novel strategy to build a "polysulfide-phobic" surface by a "self-defense" mechanism for overcoming polysulfides shuttle, which provides new insights and opportunities to develop advanced lithium-sulfur batteries.
However, the high cost and limitations to change chemical compositions continue to challenge the growth of the polysulfide sealants market, and the manufacturers are focused on innovations to develop new products in partnership with chemical researchers and other stakeholders. In addition, increasing environmental concerns regarding VOC emissions of sulfur compounds are anticipated to depress the global polysulfides market's growth. Sulfur compounds pose environmental hazards like the depletion of ozone, soil infertility, and transportation of polysulfides such as hydrogen polysulfide in groundwater and marine aerosols.
By type, the market is segmented into high modulus low elongation (type A) and low modulus high elongation (type B). By class, the market is segmented into anions and organic polysulfides. By product, the market is segmented into solid and liquid polysulfide. By application, the market is segmented into adhesives, sealants, rubbers, caulks, coatings, molding compounds, and others. By end-user, the market is segmented into aerospace, electrical potting, industrial tank liners, building & construction, transportation, and others.
The demand for organic polysulfide is growing due to the increasing applications in the construction and automobile industry. The rising demand for highly durable rubber in diverse industrial and household applications will drive the growth to vulcanize natural rubber with unique characteristic features like more extraordinary sealing ability, high impermeability, and resistance. Moreover, organic polysulfide is readily biodegradable and recyclable, which cancels the environmental concern and makes it more preferable over the other polymers. In addition, the increasing marine and aerospace activities act as an opportunity, which may drive the growth of the organic polysulfide market in the forecast period.
Furthermore, the construction industry frequently faces trends and developments that may not instantly be under its direct control but have a marked effect on building processes. These developments can involve growing internationalization, an aging population, increasing urbanization, a higher awareness for climate, technological innovations, or new construction types like modular construction. In addition, the coronavirus & its economic consequences and changes in government policies are expected to increase the market growth in the forecast period. A spending value for construction was close to USD 12 trillion before the coronavirus pandemic and is expected to grow by 3% per annum, including building projects in real estate and infrastructure or industrial structures, either for residential & commercial.
The Asia Pacific holds the largest market shares and is the fastest-growing market due to the development of infrastructural activities in this region, primarily in developing countries like India, China, and Malaysia, which is expected to increase construction chemicals' consumption coatings, adhesives, and sealants. Moreover, the increasing demand for automotive and aerospace industries from many middle-class people is expected to drive the forecast period. According to industry analysis, adhesives' total global market value of approximately USD 43.9 billion, while sealants had a market value of just over USD 10 billion and are expected to reach the market value of adhesives will be near to USD 70 billion, and sealants will amount to just over USD 15 billion. At the same time, Asia Pacific holds the largest share in the market for adhesives, sealants and aerospace industries.
Europe holds the second-largest market share. The countries like U.K., Germany, France, Netherlands, and Switzerland hold significant market share in this region due to continuous development in the marine industries. Moreover, the demand for insulating materials used in the building & construction sector is projected to provide profitable market opportunities for polysulfides by the end of the forecast period due to the region's cold climatic conditions. The Middle East & Africa is expected to join the leading regions in the forecast period due to the ease in availability of raw material and ongoing infrastructural advancements in the region. At the same time, North America's market is expected to have significant growth and contribute to the demand increase in the forecast period.
The polysulfides market is fragmented with the presence of regional and global players. The competitive outline lies with the increase in the regional company and growing investment in upstream application. Toray, Bruno-Bock, AkzoNobel, Chevron-Phillips, RheinChemie, Gabriel Chemie, Arkema, Dow Chemical, PPG Industries, BASF are the major player in the polysulfide market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the polysulfides market globally.
THIOKOL® LP is a liquid elastomer with low moisture permeability and outstanding chemical and oil resistance. It is a very special polymer with a sulfur structure used as a base polymer for sealant construction and civil engineering projects. Moreover, it has applications as a modifying agent for epoxy resins and polyurethane by providing flexibility, durability, and weather resistance. In addition, cured THIOKOL® LP has excellent resistance to aging, ozone, oxidation, sunlight, and weathering with long term "weather-ometer" tests, and indicate that these materials have excellent resistance to daily exposure in varying climates.
Furthermore, the service temperature range of cured THIOKOL® LP is generally from -50℃ to 150℃ with seasonal service, subjection to temperatures as high as 170℃ is feasible and display outstanding tightness to moisture vapor and gas.