PUR Hot-Melt Adhesives Market Growth to be Driven by Emerging Trends | $7.49 Billion by 2029

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What is the Projected Market Size of the PUR Hot-Melt Adhesives Industry?
In recent times, there has been a robust growth in the market size of pur hot-melt adhesives. The market is anticipated to expand from $5.41 billion in 2024 to $5.76 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.5%. Factors contributing to the growth during the historical period include the expansion of the packaging industry, a rise in demand for durable and high-performing adhesives, growth in the consumer goods sector, increased funding for research and development, and the boom in e-commerce.

What Will Be the Size of the PUR Hot-Melt Adhesives Market by 2029?
Anticipations for robust growth are seen for the pur hot-melt adhesives market size over the next couple of years. It's projected to surge to $7.49 billion by 2029, with an anticipated compound annual growth rate (CAGR) of 6.8%. The escalation for this forecast period can be ascribed to factors such as rising demand for environment-friendly adhesives, an upward trend for PUR holt-melt adhesives in the automotive sector, and an increase in the usage of solvent-based adhesives. The forecast period also signifies major trends such as technological evolution, green adhesives, multi-purpose adhesives, intelligent technologies, and water-based adhesives.

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What Are the Key Drivers Accelerating Growth in the PUR Hot-Melt Adhesives Market?
The escalation in construction operations is set to drive the growth of the PUR hot-melt adhesives market further. The construction sector constitutes a broad array of tasks relevant to the ideation, blueprint, edification, upkeep, and management of physical edifices and infrastructure. The mounting demand in the construction industry can be linked to several aspects like urbanization, infrastructure advancement, sustainability, green construction, reconstructive, and refurbishment projects. PUR hot melt adhesives, known for their robust, resilient bonding that can resist structural tension and environmental changes, ensuring enduring efficiency, find extensive use in the construction sector. As an example, in September 2024, the US Census Bureau, a government body in the US, estimated the construction expenditure to be at a seasonally corrected annual rate of $2,162.7 billion in July 2024, marking a 6.7% hike (±1.8%) from the $2,027.4 billion used in July 2023. Consequently, the upsurge in construction operations has a crucial role in steering the growth of the PUR hot-melt adhesives market.

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How Is the PUR Hot-Melt Adhesives Market Segmented by Type, Application, and Region?
The pur hot-melt adhesives market 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

What Are the Key Trends Driving Growth in the PUR Hot-Melt Adhesives Market?
Leading players in the PUR hot-melt adhesives market are introducing technologically superior offerings, such as adhesive solutions for woodworking, that heighten the structural strength and longevity of wooden products. Designed explicitly to join wood and wood-based materials securely, these woodworking adhesive solutions find their applications in furniture, cabinets, and other wood crafts. In May 2022, for example, Bostik - an adhesives manufacturer based in France, introduced the SG6518 and SG6520 to its Supergrip line of adhesives. These advanced Supergrip SG6518 and SG6520 are hot melt polyurethane reactive (HMPUR) adhesives designed specifically for edge banding in woodworking. Besides offering superior bonding strength and sealing capabilities, these state-of-the-art adhesives deliver excellent durability in final products. Their resistance to water and ability to bind to various substrates make them ideal for usage in high-humidity conditions, thereby enhancing the quality and extending the lifespan of woodworking projects.

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Who Are the Leading Companies Driving Growth in the PUR Hot-Melt Adhesives Market?
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.

Which Is the Leading Region in the Global PUR Hot-Melt Adhesives Market?
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.

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