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Polyurethane Adhesives Market Size to grow at 6.2% CAGR through 2029, Growth, Trends, Top Key Players, Product Scope, Regional Demands and Forecast
Polyurethane Adhesives Market Overview:The increase in demand for polyurethane adhesives from various key industries like building & construction, electrical & electronics, and automobile industry around the globe is majorly driving the polyurethane adhesives market. The properties of polyurethane adhesives such as chemical resistance, corrosion resistance, high mechanical strength, temperature flexibility, suitable curing rates, chemical structure versatility and improved adhesion is also contributing to the growth of the polyurethane adhesives market.
Polyurethane Adhesives Market size is expected to be valued at USD 7.50 Billion in 2020 to USD 11.95 Billion by 2029 and is set to grow at a CAGR of 6.2% during the forecast period from 2022-2029.
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Polyurethane adhesives are also known as elastic glue as they offer excellent adhesive strength and can be used in bonding automobile parts, sealing electronic equipment and sealing/bonding a wide variety of metals, plastics and rubbers. Polyurethane sealants are also used in building and construction industry in various repair and maintenance activities. These factors are driving the growth of the polyurethane adhesives market.
Polyurethane Adhesives Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are Henkel AG & CO. KGAA, H.B. Fuller Company, 3M Company, Arkema S.A., Sika AG, Scott Bader Company Ltd., Huntsman International LLC., The Dow Chemical Company, Princeton Keynes Group Inc., Master Bond, Inc., American Polyfilm, Inc., Ashland Inc., Illinois T and Others
Acquisitions/Technology Launches
August, 2021: Arkema announced the acquisition of Ashland Performance Adhesives, a leader in high performance adhesives for industrial applications, to boost its portfolio in the United States adhesive and sealant market.
September, 2020: Toyochem Co., Ltd., launched a new Cyabine series of ultra-high solids polyurethane pressure-sensitive adhesives (PSAs). The solvent and volatile content of this adhesive is reduced to minimal limit.
January 4, 2021, Avery Dennison Corporation acquired ACPO Ltd. for a US $ 87.6 million. This acquisition will help in combining the capabilities of both the companies in developing products of expertise in the adhesives and lables.
November 18, 2019 Avery Dennison Medical introduced MED 5710SI (right)-a soft-skin silicone adhesive nonwoven material. It consists a new five-layer foam dressing from of a soft-skin silicone wound contact layer, a polyurethane (PU) foam and super-absorbent fiber composite pad.
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Polyurethane Adhesives Market Segmentation:
Polyurethane Adhesives Market by Type, 2020-2029, (USD Million)
Thermoset
Thermoplastic
Polyurethane Adhesives Market by Technology, 2020-2029, (USD Million)
Solvent-Borne
100% Solids
Dispersion
Others (Hot Melt and Radiation Cure)
Polyurethane Adhesives Market by Component, 2020-2029, (USD Million)
One Part
Two-Part
Polyurethane Adhesives Market by Distribution Channel, 2020-2029, (USD Million)
Offline
Online
Polyurethane Adhesives Market by Application, 2020-2029, (USD Million)
Automotive & Transportation
Aerospace
Building & Construction
Packaging
Footwear
Industrial
Furniture & Decoration
Others
Growth Drivers
Increasing Application of Polyurethane Adhesives
Growing Automotive and Construction Industries
Challenges
High Competition from Epoxy Adhesives
Disrupted Supply-Chain due to Covid-19 Pandemic
Growth Factors:
Increasing demand from the Polyurethane Adhesives industries
The growing use of Polyurethane Adhesives in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Polyurethane Adhesives Market
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Polyurethane Adhesives Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Polyurethane Adhesives Market Trends
- The report identifies, determines, and forecasts the Global Polyurethane Adhesives Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Polyurethane Adhesives Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Polyurethane Adhesives Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Polyurethane Adhesives Market.
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