Polyurethane Adhesives Market is Forecasted to Reach US$ 12.04 Billion in 2030, Says Stratview Research

The global polyurethane adhesives market is projected to witness a growth rate of 5.14% annually from 2024 to 2030, with an anticipated size of US$ 12.04 billion by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global polyurethane adhesives market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 12.04 billion
Growth (CAGR): 5.14% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Polyurethane Adhesives Market:

The global polyurethane adhesives market is segmented based on resin type, technology type, end-use industry type, and region.

Based on resin type - The market is segmented as thermoset and thermoplastic. The thermoset segment is expected to dominate the market during the forecast period. The increasing use of thermoset resins is likely to drive the growth of the segment during the forecast period.

Based on technology type - The market is segmented as solvent-borne, 100% solids, dispersion, and others. The solvent-borne segment is estimated to be dominant during the forecast period, owing to the presence of hydroxyl terminated polyurethane with a high molecular weight. It is easily available in grades and is suitable for different industrial and construction applications. On the other hand, dispersion is expected to grow at the fastest pace during the forecast period.

Based on end-use industry type - The market is segmented as automotive & transportation, building & construction, packaging, footwear, industrial, furniture & decoration, and others. The automotive & transportation segment is estimated to account for the major share of the market during the forecast period. Material is the key component of automobile interiors and it covers an exhaustive list of applications, such as tail molding, roof panels, interior trims, front molding, deck assembly, and sidewall assembly. In addition, polyurethane adhesives are fast replacing conventional fastening technologies to gain robust assembly.

To know the most attractive segments, click here:
https://www.stratviewresearch.com/1418/polyurethane-adhesives-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is estimated to dominate the market for polyurethane adhesives during the forecast period. This growth outlook is majorly attributed to the following-

• The growth of the region's market is driven by high demand for polyurethane adhesives from automotive & transportation and packaging industries along with the improving economic conditions in the emerging economies.
• China, India, Japan, Thailand, and South Korea are the growth engines of the Asia-Pacific region.
• North America and Europe are also likely to offer considerable growth opportunities during the forecast period.

Polyurethane Adhesives Market Drivers:

Some of the key drivers listed in the report are given below.

• Infrastructure investment will lead to an increase in construction activities.
• The need for polyurethane sealants will increase as construction activity increases.

Top Companies in the Polyurethane Adhesives Market:

Stratview Research has identified the following companies as the top market players.
• Arkema S.A.
• Ashland Inc.
• DowDuPont Inc.
• Franklin International
• Jowat SE
• LORD Corporation
• Sika AG

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Polyurethane Adhesives Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Automotive Adhesives Market: https://www.stratviewresearch.com/887/automotive-adhesives-market.html
• Construction Adhesives Market: https://www.stratviewresearch.com/3659/construction-adhesives-market.html

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This release was published on openPR.