Press release
Strong Growth Ahead: Polyurethane Adhesives Market Size To Grow At Arecord 7.2% Cagr By 2029
Polyurethane Adhesives
How Big Is the Polyurethane Adhesives Market Size Expected to Be by 2034?
The polyurethane adhesives market size will grow from $10.33 billion in 2024 to $11.11 billion in 2025 at a CAGR of 7.5%. The growth is due to growth in automotive production, expansion in construction, advancements in packaging, and rising demand for consumer electronics and furniture production.
The polyurethane adhesives market is expected to grow to $14.64 billion by 2029 at a CAGR of 7.2%. Growth factors include the rise of electric vehicles, use of eco-friendly adhesives in green building projects, renewable energy expansion, smart device demand, and aerospace adoption. Major trends include solvent-free formulations, lightweight materials, fast-curing adhesives, 3D printing applications, and customized adhesive solutions.
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What Are the Emerging Segments Within the Polyurethane Adhesives Market?
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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What Long-Term Drivers Are Shaping Polyurethane Adhesives Market Trends?
Growth in the construction industry is expected to accelerate the polyurethane adhesives market. This sector is expanding due to the rising demand for infrastructure, urbanization, and investments in residential and commercial projects. Polyurethane adhesives are valued for their strong bonding, flexibility, and moisture resistance, making them ideal for use in various construction materials. The Australian Bureau of Statistics reported that in June 2024, building work in Australia reached $33,815.0 million, up from $32,443.2 million in June 2022, indicating that the growing construction industry is driving the development of the polyurethane adhesives market.
Who Are the Top Competitors in Key Polyurethane Adhesives Market Segments?
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 Developing Trends in the Polyurethane Adhesives Market?
In the polyurethane adhesives market, companies are focused on developing elastic adhesives to meet automotive performance requirements. In November 2022, Henkel launched Loctite UK 2073-2173, an elastic adhesive offering high flexibility and impact resistance. This product is designed for dynamic bonding applications, maintaining strong adhesion and performance under stress and movement.
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Which Regions Are Becoming Hubs for Polyurethane Adhesives Market Innovation?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Polyurethane Adhesives Market?
2. What is the CAGR expected in the Polyurethane Adhesives Market?
3. What Are the Key Innovations Transforming the Polyurethane Adhesives Industry?
4. Which Region Is Leading the Polyurethane Adhesives Market?
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