Press release
Key Influencer in the Polyurethane Adhesives Market 2025: Construction Industry Growth Driving Demand For Polyurethane Adhesives Driver
In recent times, the polyurethane adhesives market has experienced substantial growth. The market size is projected to rise from $10.33 billion in 2024 to $11.11 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The growth observed in the historic period results from a surge in automotive production, growth in the building sector, innovation in packaging, a spike in demand for consumer electronics, and an increase in furniture production.
The market size of polyurethane adhesives is anticipated to experience substantial growth in the coming years with the size expecting to peak at $14.64 billion in 2029 with a CAGR of 7.2%. The growth during the forecast period is attributable to an increase in electric vehicles, the proliferating use of environmentally friendly adhesives in green construction projects, further development of renewable energy projects, a surging demand for smart devices, and greater application in the aerospace sector. The upcoming trends during this era include adoption augmentation of solvent-free recipes, increased utilization in featherweight materials, technological progress in quick-drying adhesives, growth in 3D printing utilities, and a rising demand for tailored polyurethane adhesive resolutions.
What Factors Are Propelling the Expansion of the Polyurethane Adhesives Market?
The expansion of the construction industry, a sector involved in planning, designing, and creating infrastructure, as well as residential, commercial, and industrial structures, is set to fuel the growth of the polyurethane adhesives market. This growth in the construction industry signifies the heightened demand for infrastructural development, urban advancement, and investments in a variety of residential, commercial, and industrial projects. Polyurethane adhesives, known for their exceptional bonding strength, flexibility and resistance to humidity, are pivotal in the construction industry for activities like sealing, joining and bonding materials including wood, concrete, and metal. To illustrate, the Australian Bureau of Statistics (an Australian government agency), reported that in June 2024, construction work peaked at $33,815.0 million, a notable increase from $32,443.2 million in June 2022. Thus, the burgeoning construction industry is facilitating the evolution of the polyurethane adhesives market.
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Which Businesses Are at the Forefront of Polyurethane Adhesives Market Development?
Major companies operating in the polyurethane adhesives market are BASF SE, Dow Inc., 3M Company, Henkel AG & Co. KGaA, Covestro AG, ITW Performance Polymers, Parker Hannifin, Arkema S.A., Sika AG, Eastman Chemical Company, Wacker Chemie AG, Avery Dennison Corporation, RPM International Inc., H.B. Fuller Company, Mapei S.p.A., Huntsman Corporation, Pidilite Industries Limited, Shawcor Ltd., FLEXcon Company Inc., Delo Industrial Adhesives GmbH & Co.KG, Franklin International, Soudal N.V., Permabond LLC
What Are the Latest Innovations in the Polyurethane Adhesives Market?
Major corporations present in the polyurethane adhesives market are concentrating their efforts on creating innovative solutions such as elastic adhesives to fulfil the current demands of the automotive industry. Elastic adhesives are agile bonding substances that can expand and revert to their original form without sacrificing adhesion, thus they are perfect for applications requiring motion and impact resistance. Henkel AG & Co. KGaA, a leading chemical organization based in Germany, introduced the flexible adhesive Loctite UK 2073-2173 in November 2022. Loctite UK 2073-2173 exhibits considerable flexibility and outstanding impact resistance, which makes it well-suited for dynamic and demanding bonding uses. It provides robust adhesion to several substrates and retains its attributes even under stress and motion.
How Is the Polyurethane Adhesives Market Segmented?
The polyurethane adhesivesmarket covered in this report is segmented -
1) By Product Type: Thermoset, Thermoplastic
2) By Technology: Solvent-Borne, Dispersion, Hot-Melt, Reactive, Other Technologies
3) By Applications: Footwear, Automotive, Building And Construction, Packaging, Electrical And Electronics, Furniture, Other Applications
Subsegments:
1) By Thermoset: Moisture-Cured Polyurethane Adhesives, Two-Component Polyurethane Adhesives, One-Component Polyurethane Adhesives
2) By Thermoplastic: Hot Melt Polyurethane Adhesives, Solvent-Based Polyurethane Adhesives, Water-Based Polyurethane Adhesives
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Where Is the Polyurethane Adhesives Market Growth Most Prominent?
North America was the largest region in the polyurethane adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polyurethane adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Polyurethane Adhesives Global Market Report?
- Market Size Analysis: Analyze the Polyurethane Adhesives Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Polyurethane Adhesives Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Polyurethane Adhesives Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Polyurethane Adhesives Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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