Polyurethane Adhesives market size is estimated to be worth US$ 2146.2 million in 2022 and is forecast to a readjusted size of US$ 2653.5 million by 2028 with a CAGR of 3.6% - Valuates Reports

Due to the COVID-19 pandemic, the global Polyurethane Adhesives market size is estimated to be worth US$ 2146.2 million in 2022 and is forecast to a readjusted size of US$ 2653.5 million by 2028 with a CAGR of 3.6% during the review period.

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Fully considering the economic change by this health crisis, Solvent-borne accounting for % of the Polyurethane Adhesives global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period.

While Building & Construction segment is altered to an % CAGR throughout this forecast period.

Adhesives are substances applied on one or both the surfaces to bind them together. They have replaced rivets, welded parts, and other mechanical parts in various equipment. Polyurethane adhesives reduce the overall costs of the entire manufacturing process. They exhibit superior product performance, are reliable, and increase the lifespan of the product. They are increasingly used in the automotive and transportation, furniture and woodwork, building and construction, electrical and electronics, footwear, and packaging industries. Polyurethane adhesives reduce the overall weight of the vehicle, thereby enhancing fuel efficiency.

Polyurethane Adhesives Market Insights
Asia-Pacific is expected to witness the highest growth rate in the PU adhesives market, in terms of value and volume, between 2018 and 2023. In recent years, enormous increase in the building & construction activities has been witnessed in the region. The demand for automotive have also increased in the region over the past few years. These factors increase the demand for technologically advanced services, thus driving the need for PU adhesives in the region.

In terms of production side, this report researches the Polyurethane Adhesives capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Polyurethane Adhesives by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Polyurethane Adhesives Market Scope and Segment
Polyurethane Adhesives market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Polyurethane Adhesives market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Polyurethane Adhesives Market Segment By Type
-Solvent-borne
-Reactive
-Dispersion
-Hot-melt
-Others

Polyurethane Adhesives Market Segment By Application
-Building & Construction
-Automotive & Transportation
-Packaging
-Footwear
-Electrical & Electronics
-Furniture & Woodwork
-Others

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