Polyurethane Adhesives Market Trends, Opportunities, Graph, Key Segmentation, Regional Growth, Leading Companies, and Forecast to 2027

The Polyurethane Adhesives Market features adhesives known for their strong bonding, flexibility, and durability. Used in automotive, construction, and industrial applications, the market is driven by demand for high-performance solutions and innovations in formulation and technology.
The Polyurethane Adhesives market [https://www.marketsandmarkets.com/Market-Reports/polyurethane-adhesive-market-6587670.html] is projected to grow from USD 8.1 Billion in 2022 to USD 10.3 Billion by 2027, at a CAGR of 5.0% between 2022-2027. Asia Pacific is the largest and fastest-growing Polyurethane Adhesives market in the world. Increasing demand from automotive industry boost the demand for Polyurethane Adhesives.

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Asia Pacific accounted for 44.3%, in terms of value, of the global Polyurethane Adhesives market in 2021. The strong growth in the region is mainly attributed to the rising commercial and infrastructural construction activities in emerging economies such as China, India, Thailand, Indonesia, Bangladesh, and Vietnam. It is projected to register a high CAGR over the next five years and offer significant commercial opportunities for market players. It has been a key polyurethane adhesives market during the global economic slowdown. The Asia Pacific market for polyurethane adhesives has grown over the past few years with the rising income level of the middle-class population and the increasing government investments, especially in the building & construction sector.

Henkel AG & Co. KGAA (Germany), H.B. Fuller Company (US), Dow Inc. (US), Sika AG (Switzerland), and 3M Company (US) are the key players in the global Polyurethane Adhesives [https://www.marketsandmarkets.com/Market-Reports/polyurethane-adhesive-market-6587670.html] market. These top five players together accounted for a major market share of the total Polyurethane Adhesives market, while the rest was secured by small and medium-sized enterprises in 2021.

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Henkel AG & Co. KGaA operates globally with a well-balanced and diversified portfolio. It manufactures and distributes homecare, laundry, cosmetics, and adhesive products, globally. The company operates through four main business segments, namely, Adhesive Technologies, Laundry & Home Care, Beauty Care, and Corporate. Adhesives & sealants are produced under the Adhesive Technologies segment. Henkel offers products for multitude applications to cater to the needs of different target groups: consumers, craftsmen, and industrial businesses. Henkel Adhesive Technologies is the global leader in adhesives, sealants, and functional coatings worldwide. Henkel has operations in Europe, the Middle East & Africa, North America, Latin America, and the Asia Pacific. It operates 138 production sites in 58 countries. The company has many international and regional competitors; however, its main competitors are Sika AG (Switzerland), Arkema (France), and H.B. Fuller (US).

Dow Inc. serves as the holding company for The Dow Chemical Company (TDCC) and its consolidated subsidiaries. On April 1, 2019, DowDuPont Inc. completed the separation of its Material Science business, and Dow Inc. became the direct parent company of TDCC and its consolidated subsidiaries, owning all of the outstanding common shares of TDCC. Dow Inc. operates through four main business segments; Packaging & Specialty Plastics; Industrial Intermediates & Infrastructure; Performance Materials & Coatings; and Corporate. It manufactures a wide range of adhesives under all of its business segments. The company's adhesives mainly cater to automotive, appliances, aerospace, and other industrial applications such as wind turbines, gaskets, and bonding.

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