Global Polyurethane Adhesives Market, By Resin Technology (Solvent borne, Reactive, Dispersion Hot Melt and Others), Resin Type (Thermoset and Thermoplastic), Application (Packaging, Building and Construction, Automotive, Footwear, Electrical and Electronics, Furniture and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Polyurethane Adhesives Market
Data Bridge Market Research analyses that the polyurethane adhesives market will witness a CAGR of 6.75% for the forecast period of 2021-2028. Growth in the demand for polyurethane adhesives especially in the developing economies such as India and China, growing use of polyurethane adhesives for a wide range of end user applications such as packaging, building and construction, automotive, footwear, electrical and electronics, furniture and other applications, flexible and durable nature possessed by polyurethane adhesives and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the polyurethane adhesives market.
Also known as elastic glues, polyurethane adhesives are those polymers which are formed by the reaction between polyol and isocynates. The polyurethane adhesives are nothing but linear polymer chain units connected by urethane and carbamate bonds. Polyurethane adhesives are used to bind the materials and exhibit extraordinary elongation and elasticity to the products. These have high strength, durable bonds and possess excellent weather resistant properties.
Rise in demand for electrical and consumer electronics coupled with growing awareness in regards to the benefits of polyurethane adhesives is the root cause fuelling up the polyurethane adhesives market growth rate. Rising application of polyurethane adhesives by the automotive industry owing to its high strength, flexibility and durability and abrasion resistance properties and growth and expansion of various end user verticals especially in the developing economies will also directly and positively impact the growth rate of the polyurethane adhesives market. Growth in the number of buildings and construction activities and increased usage of these adhesives in iron and steel industries will further carve the way for the growth of the polyurethane adhesives market.
However, insufficiency in raw material supply owing to the lockdown and restrictions and lack of awareness in the backward economies will pose a major challenge to the growth of the polyurethane adhesives polymers market. High costs associated with the manufacturing process and polyurethane adhesives and volatility in the petrochemical based raw materials will dampen the polyurethane adhesives market growth rate.
This polyurethane adhesives market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on polyurethane adhesives market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Polyurethane Adhesives Market Scope and Market Size
The polyurethane adhesives market is segmented on the basis of resin technology, resin type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin technology, the polyurethane adhesives market is segmented into thermoset and thermoplastic.
- On the basis of resin type, the polyurethane adhesives market is segmented into electrical and electronics, automotive, aerospace, healthcare, industrial machinery and others.
- On the basis of application, the polyurethane adhesives market is segmented into packaging, building and construction, automotive, footwear, electrical and electronics, furniture and others.
Polyurethane Adhesives Market Country Level Analysis
The polyurethane adhesives market is analysed and market size, volume information is provided by country, resin technology, resin type and application as referenced above.
The countries covered in the polyurethane adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the polyurethane adhesives market and will continue to flourish its dominance during the forecast period owing to the growth and expansion of various end user verticals in this region. Asia-Pacific will continue to undergo substantial gains during this period owing to the high demand for consumer packaged goods, abundant availability of raw materials, surging demand for electrical and electronics, rising industrialization and the increasing disposable income.
The country section of the polyurethane adhesives market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Polyurethane Adhesives Market Share Analysis
The polyurethane adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to polyurethane adhesives market.
The major players covered in the polyurethane adhesives market report are Akzo Nobel N.V., Henkel Adhesives Technologies India Private Limited, PPG Industries, Inc., Wacker Chemie AG, Axalta Coating Systems, Dow., Clariant AG, 3M, Sika AG, H.B. Fuller Company., Bostik, WEICON GmbH & Co. KG, RPM International Inc., ThreeBond Holdings Co., Ltd., Huntsman International LLC., AVERY DENNISON CORPORATION, CEMEDINE Co.,Ltd., MAPEI S.p.A., Illinois Tool Works Inc. and Dymax among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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