Press release
Polyurethane Adhesives Market to Perceive Substantial Growth During 2024 - 2031 | Sika AG, Ashland Inc., Arkema S.A.
Polyurethane Adhesives Market
Polyurethane adhesives are widely used in construction, automotive and other manufacturing industries due to their excellent bonding strength and resistance to impacts, vibration, moisture and temperature extremes. They are applied in bonding of composites, plastics, rubber and other materials in automotive and construction applications.
Market Dynamics:
The global polyurethane adhesives market is witnessing significant growth, owing to strong demand from construction industry. Rapid urbanization and infrastructure development activities across the globe are driving the construction industry. Polyurethane adhesives find wide application in bonding of building materials and panels due to their high adhesion properties. Furthermore, growing automotive production, particularly across Asia Pacific and Central and South America is also boosting the market growth. Polyurethane adhesives are increasingly used in manufacturing of interior and exterior automotive components due to benefits such as vibration dampening and resistance to harsh environmental conditions.
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Driver: Growing Demand from Construction Industry Due to Superior Adhesive Properties
The construction industry has been a major consumer of polyurethane adhesives given their excellent bonding properties. Polyurethane adhesives form very strong bonds that can withstand vibration and movement. They are widely used for bonding materials like wood, concrete, metals, and composites. The construction industry has been growing globally owing to rising infrastructure investment and construction of commercial and residential buildings. Polyurethane adhesives are preferred for applications like flooring, glazing, roofing, and assembling prefabricated construction components. Their high bonding strength, flexibility, and durability make them suitable for different weather conditions and harsh outdoor environments common at construction sites. This growing demand from the construction sector is expected to remain a key driver for the polyurethane adhesives market.
Driver: Increasing Use of Polyurethane Adhesives in Automotive and Transportation Industry
The automotive and transportation industry is another major end-user driving the demand for polyurethane adhesives. They are extensively used for bonding automotive components, assembly of vehicle interiors, attachments ofspoilers, exterior trim, and decorative moldings. Polyurethane adhesives provide excellent adhesion to plastics, composites, and other dissimilar substrates common in automotive manufacturing. Their high-performance properties like heat and chemical resistance make them suitable for automotive applications. The global automotive production has been increasing over the years with rapid industrialization in developing countries. Furthermore, trends like increasing vehicle customization, shift towards electric vehicles, and lightweight automotive materials are augmenting the use of polyurethane adhesives. All these factors are fueling the market growth.
Trend: Growing Investments in R&D of Hybrid and Specialty Polyurethane Adhesives
To keep pace with evolving customer demands, key players in the polyurethane adhesives market are investing heavily in the research and development of advanced product formulations. One particular trend is the increasing focus on hybrid adhesive systems that leverage synergies between polyurethane and other chemistries like acrylic, epoxy, and silicone. This enables developing products with custom properties tailored for diverse industries. Similarly, specialty polyurethane formulations with high temperature resistance, chemical stability, flexibility, and other performance attributes are gaining prominence. Companies are exploring new raw material sources and production technologies to commercialize these innovative adhesive solutions. Such R&D investments and continuous product expansions through specialized polyurethane adhesive varieties will remain a crucial market
Top Companies Featured in This Report:
★ Sika AG
★ Ashland Inc.
★ Arkema S.A.
★ H.B. Fuller
★ Illinois Tool Works Inc.
★ Henkel AG & Co. KGaA
★ Scott Bader Company Ltd.
★ The Dow Chemical Company.
Market Segmentation:
By Product Type:
★ Thermoplastic
★ Thermoset
★ Dispersion
★ Solvent-borne
★ Reactive
★ Hot Melt
★ Building & Construction,
★ Electrical & Electronics
★ Packaging
★ Automotive
★ Furniture
★ Footwear
Key Regions/Countries are Classified as Follows:
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Reasons to Obtain Our Comprehensive Market Report:
• Conduct an extensive analysis of various aspects of the Polyurethane Adhesives Market utilizing Porter's Five Forces framework.
• Gain insights into the growth rate and market shares of different product types and applications/end-users within the Polyurethane Adhesives Market.
• Explore the Polyurethane Adhesives Market dynamics across different regions through comprehensive regional analysis.
• Assess the impact of Covid-19 on the Polyurethane Adhesives Market with a meticulous research approach.
• Stay updated on the latest developments, market shares, and strategies of key market players within the Polyurethane Adhesives Market.
• Delve into a thorough evaluation of the market strategies, geographical presence, and business segments of the top players in the Polyurethane Adhesives Market.
• Anticipate key challenges, product advancements, and solutions that may influence the market's progression and threats.
Key Questions Answered:
• What was the size of the Polyurethane Adhesives Market in 2021, and what will it be worth by 2030?
• What is the current global scenario for the Polyurethane Adhesives Market?
• What are the optimal business strategies for maximizing growth potential?
• What are the recent trends in the Polyurethane Adhesives Market?
• What is the market share in terms of revenue, sales, and size in specific geographical regions?
• Who are the key industry players in the Polyurethane Adhesives Market?
• Which segments of the Polyurethane Adhesives Market are in high demand?
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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