The research report “Global Polyurethane Adhesives Market: By Resin Type (Thermoplastic, Thermoset), By Technology (Solvent-Borne, Hot Melt, Reactive, Water Born, Rad-cure), By End Users (Automotive, Building & Construction, Electrical & Electronics, Footwear, Furniture and Others) and Geography- Global/Region/Country Forecast to 2027”. The Global Polyurethane Adhesives Market was valued US$ 8.5 Bn in the year 2020 and is anticipated to grow at US$ 13.2 Bn till 2027 witnessing a CAGR of 6.5% over the forecast period 2021-2027.
Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Global Polyurethane Adhesives Market: By Resin Type (Thermoplastic, Thermoset), By Technology (Solvent-Borne, Hot Melt, Reactive, Water Born, Rad-cure), By End Users (Automotive, Building & Construction, Electrical & Electronics, Footwear, Furniture and Others) and Geography- Global/Region/Country Forecast to 2027”.
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Growing usage of Polyurethane Adhesives in different Industries will enhance the market growth
Polyurethane adhesives are also called as elastic glue. Polyurethane adhesives are usually suitable for outdoor projects. These are weather resistant and provide durable bond hence, serving different end-use industries. Chemical resistance, impact resistance, fast curing time, good abrasion, good optical clarity and excellent strength are some major characteristics of polyurethane adhesives. They provide perfect bonding characteristics for surfaces like glass, rubber, and ceramics, wood and plastic. These adhesives are used in various industries like aerospace, automobile, building & construction, aerospace, packaging and electrical and electronics. They can be applied using dispensing equipment or manually.
The Global Polyurethane adhesives market will experience huge growth because of the technological advancement in chemical industry. Increasing industrial infrastructure in emerging countries and growing demand for thermoplastic polyurethane adhesives are fostering the global polyurethane adhesives market. Huge investments made in R&D activities have poised the production of components, particularly in the automotive segment. However, variation in prices, environment concern and exposure risks can hinder the adhesives industry market growth over the forecast period 2021-2027. The utilization of polyurethane adhesives in vehicle parts make them light weight and hence, augment the fuel efficiency. Adhesives serve as great substitute for traditional fastening technologies to obtain robust assembly. Rapid developments in the fields such as chemical industries and engineering greatly contribute in fostering the Polyurethane adhesives market growth.
Impact of COVID-19 on Polyurethane Adhesives Market:
In addition, the report discusses the implications of COVID-19, including the industry’s initial response and strategies for ensuring business continuity in the coming years.
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Asia Pacific obtained huge market revenue share in the Global Polyurethane Adhesives Market
On the basis of geographical analysis, the global polyurethane adhesives market is categorized into different prominent regions such as North America, Europe, Latin America, Asia Pacific, Africa as well as Middle East. Among all these crucial regions, Asia Pacific dominating the market by obtaining huge market revenue share owing to growing demand for polyurethane Adhesives in transportation and automotive and construction and buildings. Presence of major key players operating in North America enables region to experience considerable growth in polyurethane adhesives market.
Competitive Analysis
There are several major key players operating in the Global Polyurethane Adhesives Market. They are focusing on launching new products in the market and implementing unique strategies to strengthen their position in the market and survive in the competitive market. A few of major key players to mention are B. Fuller, Henkel AG, Huntsman Corporation, Ashland, The Dow Chemical Company, 3M, Covestro, Sika AG, Arkema,, Mapei, Jowat SE and LORD Corporation.
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