Global Polyurethane Adhesives Market Size, Share, and Forecast Analysis 2025-2029

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What Are the Polyurethane Adhesives Market Size Forecast for 2025?
There has been a significant increase in the size of the polyurethane adhesives market in the past few years. This market is projected to expand from a value of $10.33 billion in 2024 to approximately $10.9 billion in 2025, with a compound annual growth rate (CAGR) of 5.6%. This growth during the historic phase can be linked to factors such as the escalation in car production, growth in the construction sector, advancements in packaging technology, increased need for consumer electronics and the surge in furniture production.

What Is the Market Size Outlook for Polyurethane Adhesives Until 2029?
The market size of polyurethane adhesives is projected to witness robust growth in the upcoming years, increasing to $14.23 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%. Factors contributing to this growth during the forecast period include the burgeoning electric vehicle market, escalating use of environmentally friendly adhesives in green building projects, proliferation of renewable energy projects, increasing demand for smart devices, and an uptake in the aerospace industry. In addition, key trends marking the forecast period encompass the growing acceptance of solvent-free formulations, amplified usage in lightweight materials, advancements in fast-curing adhesives, an expansion in 3D printing applications, and a rising demand for tailored polyurethane adhesive solutions.

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What Are the Major Factors Driving Demand in the Polyurethane Adhesives Market?
The expansion of the construction industry is predicted to spur the growth of the polyurethane adhesives market. The construction industry involves the conception, design, and erec*tion of infrastructure, and residential, commercial, and industrial buildings. The industry's expansion signifies increasing demands for infrastructural developments, urbanization, and investments in residential, commercial, and industrial ventures. Polyurethane adhesives are used in the construction industry due to their superior binding properties, flexibility, and resistance to moisture. This makes them perfect for sealing, joining, and bonding materials like wood, concrete, and metal. For example, the Australian Bureau of Statistics, a government agency based in Australia, reported in August 2024 that the building work reached $33,815.0 million in June 2024, a surge from $32,443.2 million in June 2022. Hence, the expansion of the construction industry is steering the growth of the polyurethane adhesives market.

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How Are End-Use Segments Shaping the Polyurethane Adhesives Market Outlook?
The polyurethane adhesives market 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

What Are the Strategic Trends Transforming the Polyurethane Adhesives Market Landscape?
Key players in the polyurethane adhesives market have initiated focused efforts toward the creation of innovative solutions, such as elastic adhesives, to cater to the ever-evolving needs of the automotive industry. Elastic adhesives are flexible bonding substances that can stretch and retract back to their initial form without any degradation in their adhesion ability. This characteristic makes them attached perfectly for uses where movement and impact resistance is needed. For example, in November 2022, Henkel AG & Co. KGaA, a German chemical business, introduced elastic adhesive named Loctite UK 2073-2173. This product, featuring high elasticity and superior impact resistance, has optimal suitability for strenuous and demanding bonding applications while demonstrating steady adhesion to different materials, even under stress and movement.

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Who Are the Prominent Companies in the Polyurethane Adhesives Market by ?
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 Region Is Expected to See the Highest CAGR in the Polyurethane Adhesives Market?
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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