Polyurethane Adhesives Market Expected to Achieve 7.1% CAGR by 2029: Growth Forecast Insights

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How Large Will the Polyurethane Adhesives Market Size By 2025?
In the last few years, the market size of polyurethane adhesives has seen substantial growth. It is forecasted to expand from $10.33 billion in 2024 to $11.11 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.5%. The historic growth of this market can be associated with various factors such as the increase in automotive production, development in the construction sector, advancement in packaging practices, the rising demand for consumer electronics, and an uptick in furniture production.

How Big Is the Polyurethane Adhesives Market Size Expected to Grow by 2029?
In the coming years, the size of the polyurethane adhesives market is projected to expand significantly, reaching $14.64 billion by 2029 with a compound annual growth rate (CAGR) of 7.2%. This progression during the forecast period can be associated with factors such as the development of electric vehicles, the growing utilization of environment-friendly adhesives in green construction projects, the proliferation of renewable energy initiatives, the escalating demand for intelligent devices, and wider acceptance in the aviation sector. The anticipation for this period also includes the escalating use of solvent-free preparations, an increase in the application of light materials, advancements in quick-curing adhesives, the extension in the scope of 3D printing, and a growing demand for tailor-made polyurethane adhesive solutions.

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Which Key Market Drivers Powering Polyurethane Adhesives Market Expansion and Growth?
The expansion of the construction sector is projected to fuel the polyurethane adhesives market's growth in the future. The construction sector includes the designing, planning and construction of infrastructure, residential, commercial, and industrial buildings. The expansion in this sector is attributed to the growing demand for infrastructure growth, urbanization, and investments in residential, commercial and industrial undertakings. Polyurethane adhesives are highly sought after in this sector due to their superior bonding capabilities, resilience, and resistance to dampness. These properties make them perfect for sealing, joining, and bonding materials like wood, concrete, and metal. For example, the Australian Bureau of Statistics, a government agency in Australia, reported in August 2024 that in June 2024, the value of building work was $33,815.0 million, which was an increase from $32,443.2 million in June 2022. Hence, the expansion in the construction sector is spearheading the growth of the polyurethane adhesives market.

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Which Fast-Growing Trends Are Poised to Disrupt the Polyurethane Adhesives Market?
Leading businesses in the polyurethane adhesives market are concentrating on creating sophisticated solutions, like elastic adhesives, to fulfil the updated performance demands of the automotive sector. Elastic adhesives are flexible binders that can extend and revert to their initial form without losing their sticking properties. This makes them well-suited for applications that need motion and impact resistance. For instance, in November 2022, Henkel AG & Co. KGaA, a chemical corporation based in Germany, introduced the elastic glue Loctite UK 2073-2173. This adhesive boasts of superior flexibility and extraordinary impact resistance, well-suited for challenging and dynamic bonding applications. It displays robust adhesion to a range of surfaces, all while preserving its functionality under strain and movement.

What Are the Emerging Segments in 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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Who Are the Global Leaders in the Polyurethane Adhesives Market?
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

Which are the Top Profitable Regional Markets for the Polyurethane Adhesives Industry?
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.

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