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Polyurethane Adhesives Market
Polyurethane Adhesives Market
Published date: May 2023 ‱ Report Code: 10354
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  • Home » Chemicals & Materials Market Research Reports » Polyurethane Adhesives Market

Polyurethane Adhesives Market

Global Polyurethane Adhesives Market Trends, Applications, Analysis, Growth, and Forecast to 2028

  • 10354

  • May 2023

  • 161

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This report was compiled by Shreyas Rokade Shreyas Rokade is a seasoned Research Analyst with CMFE, bringing extensive expertise in market research and consulting, with a strong background in Chemical Engineering. Correspondence Team Lead-CMFE Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page

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  • Major Market Players
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    • Global Polyurethane Adhesives Market: Introduction  
    • Dynamics
    • Segment Insights
    • Region Insights
    • Global polyurethane adhesives market segmentation:

    Global Polyurethane Adhesives Market: Introduction  

    “The global Polyurethane Adhesives Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

    Adhesive substances are applied on different surfaces to bind together. Usage of adhesives reduced demand for rivets, welded parts, and other mechanical parts various equipment. Incorporation of polyurethane adhesives aids to reduce overall production cost. Manufacturers use polyurethane adhesives owing to its superior product performance, reliability, and improved product life.

    Polyurethane adhesives are utilized in various industries such as electronics, footwear, construction, furniture, packaging, and automotive, among others. Vehicles contain major plastic parts over the mechanical fasteners. In addition, usage of polyurethane adhesive while manufacturing vehicle parts makes it light in weight and enhances fuel efficiency. Polyurethane adhesives are used in various end-use applications, as they offer excellent adhesion to multiple substrates and binds them instantly.

    Dynamics

    Increasing adoption for polyurethane adhesives across various end-use industries including Building and construction and automobile and transportation is a factor expected to propel the global market growth. In addition, increasing demand for polyurethane adhesives from packaging and electronics and electrical industries is a key factor expected to fuel the global polyurethane adhesives market growth.

    In addition, rapid growth in government expenditure in the construction sector and growing economy are among other factor expected to propel the global market growth. Increasing demand for the polyurethane adhesives products in developing countries such as India, China, and others is additional factor expected to augment the global market growth.

    Polyurethane adhesives are used in various end-use applications owing to its excellent adhesion to different substrates and ability binds them immediately. This is another key factor expected to drive growth of the global market. However, high cost of product is a factor expected to restraint the target market growth.

    Segment Insights

    Among the technology segments, the solvent-borne segment is estimated to witness high revenue share in the global polyurethane adhesives market, owing to its ability to immediate bonding substrates with its adhesion properties. The solvent-borne segment revenue is projected to record fastest CAGR over the next few years.

    Among the type segments, the thermoplastic segment is projected to witness moderate revenue share in the global polyurethane adhesives market. The thermoplastic segment revenue is anticipated to record highest CAGR.

    Among the application segments, the building and construction segment is expected to witness significant revenue share in the global polyurethane adhesives market. The building and construction segment revenue is expected to register fastest growth rate over the next few years.

    Region Insights

    The Asia Pacific polyurethane adhesives market is expected to record major revenue share in the global polyurethane adhesives market, owing to increasing adoption of polyurethane adhesives from the building and construction and transportation and automobile sectors. The Asia Pacific market is expected to record highest revenue growth. This is attributed to increasing demand from electronics and electrical and industrial sectors in the countries in the region.

    Global polyurethane adhesives market segmentation:

    Segmentation by Technology:

    • Solvent-borne
    • Reactive
    • Dispersion
    • Hot-melt

    Segmentation by Type:

    • Thermoset
    • Thermoplastic

    Segmentation by Application:

    • Building and construction
    • Automotive and transportation
    • Packaging
    • Electrical and electronics
    • Others (Furniture and woodwork and Footwear)

    Segmentation by Region:

    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

    Attribute Report Details
    Market Size Ask For Market Size
    Growth Rate Ask For Growth Rate
    Key Companies Ask For Companies
    Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more

    Historical Data Period 2015-2020
    Base Year 2022
    Forecast Period 2022-2031
    Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa
    Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
    Revenue in US$ Mn

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    • 3M Company
    • Arkema S.A.
    • Ashland Inc.
    • B. Fuller
    • Henkel AG
    • Huntsman Corporation
    • Illinois Tool Works Inc.
    • Sika AG
    • The DOW Chemical Company
    • Scott Bader Company Limited
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