Press release
Emerging Trends Influencing The Growth Of The PUR Hot-Melt Adhesives Market: Innovative PUR Hot-Melt Adhesives Enhancing Woodworking Durability And Performance
PUR Hot-Melt Adhesives
How Big Is the PUR Hot-Melt Adhesives Market Size Expected to Be by 2034?
The PUR hot-melt adhesives market size will grow from $5.41 billion in 2024 to $5.82 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The historic growth is attributed to growth in the packaging industry, increasing demand for durable and high-performance adhesives, growth in the consumer goods sector, increasing investment in R&D, and growth in e-commerce.
The PUR hot-melt adhesives market size will grow to $7.7 billion by 2029 at a CAGR of 7.3%. The growth is attributed to increased demand for eco-friendly adhesives, particularly in automotive applications. Trends include technological advancements, multifunctional adhesives, smart technologies, and the adoption of water-based adhesives.
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What Are the Emerging Segments Within the PUR Hot-Melt Adhesives Market?
The PUR hot-melt adhesivesmarket covered in this report is segmented -
1) By Type: Non-Reactive PUR Hot Melt Adhesives, Reactive PUR Hot Melt Adhesives
2) By Form: Thermosetting, Thermoplastic
3) By Application: Automotive, Electronics, Construction, Textile, Bookbinding, Furniture, Edge Banding, Wood Working, Footwear, Other Applications
Subsegments:
1) By Non-Reactive PUR Hot Melt Adhesives: Polyurethane-Based Adhesives, Polyethylene Glycol-Based Adhesives
2) By Reactive PUR Hot Melt Adhesives: Moisture-Curing Reactive PUR Adhesives, Two-Component Reactive PUR Adhesives
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What Long-Term Drivers Are Shaping PUR Hot-Melt Adhesives Market Trends?
The increase in construction activities is expected to propel the growth of the PUR hot-melt adhesives market. Urbanization, infrastructure development, and sustainability initiatives are fueling the demand for construction. PUR hot-melt adhesives are essential for ensuring strong, durable bonds in construction, withstanding stress and environmental conditions. In July 2024, U.S. construction spending was estimated at $2.16 trillion, reflecting a 6.7% increase from the previous year, driving the demand for hot-melt adhesives.
Who Are the Top Competitors in Key PUR Hot-Melt Adhesives Market Segments?
Major companies operating in the PUR hot-melt adhesives market are The Dow Chemical Company, 3M Company, Henkel AG & Co. KGaA, Covestro AG, Evonik Industries AG, Sika AG, DIC Corporation, Wacker Chemie AG, H.B. Fuller Company, Bostik SA, Pidilite Industries Limited, R.S. Hughes Company Inc., Franklin International Inc., Huntsman Corporation, Kleiberit Klebstoffe GmbH & Co. KG, Beardow Adams Ltd., Daubert Chemical Company Inc., Infinity Bond, Jowat SE, Titebond, SABA Adhesives & Sealants, TEX Year Fine Chemicals Co. Ltd.
What Are the Latest Developing Trends in the PUR Hot-Melt Adhesives Market?
Major players in the PUR hot-melt adhesives market are developing advanced solutions like woodworking adhesives to improve the durability and longevity of wood products. Bostik, a France-based adhesive manufacturer, launched Supergrip SG6518 and SG6520 in May 2022. These hot melt polyurethane adhesives are designed for edge banding in woodworking, offering superior bonding strength, water resistance, and durability for various wood-based applications.
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Which Regions Are Becoming Hubs for PUR Hot-Melt Adhesives Market Innovation?
Asia-Pacific was the largest region in the PUR hot-melt adhesives market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the PUR hot-melt 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 PUR Hot-Melt Adhesives Market?
2. What is the CAGR expected in the PUR Hot-Melt Adhesives Market?
3. What Are the Key Innovations Transforming the PUR Hot-Melt Adhesives Industry?
4. Which Region Is Leading the PUR Hot-Melt Adhesives Market?
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