According to the report the global polyurethane adhesives market reached a value of USD 3.15 billion in 2022. Aided by the growing applications of polyurethane adhesives in various industries, including construction, automotive, and packaging, the market is projected to further grow at a CAGR of 6.3% between 2023 and 2028 to reach a value of USD 4.54 billion by 2028.
Polyurethane adhesives market growth is being driven by the unique in their bonding ability of these adhesives with a plethora of materials, from porous ones like wood and foam to non-porous substances such as metal and plastics. Their durability, superior bond strength, resistance to weathering, and abrasion have made them a staple in a multitude of environments and applications. Moreover, these adhesives are known for their resistance to chemical exposure, which further enhances their applicability in industries dealing with harsh operating conditions.
A major driver for the polyurethane adhesives market growth has been the escalating demand for lightweight materials across various industries, especially in the construction, automotive, and aerospace sectors. These industries are persistently seeking methods to reduce product weight, as it directly impacts the overall efficiency and energy consumption. Polyurethane adhesives, being lightweight yet robust, fit perfectly into this requirement, leading to a surge in their demand.
Simultaneously, the global packaging industry's expansion, propelled by increasing consumer demand and an emerging focus on sustainable solutions, also presents a significant growth avenue for polyurethane adhesives. As industries gravitate towards more environmentally friendly packaging solutions, the use of polyurethane adhesives is likely to rise due to their bonding versatility and durability.
The polyurethane adhesives market expansion has been bolstered by an uptick in DIY activities and home renovation projects. The convenience and effectiveness of polyurethane adhesives have not only been recognised by large industries but also by everyday consumers, who increasingly rely on these products for their adhesion needs.
Furthermore, there is an increasing focus on sustainability in the adhesives industry, and polyurethane adhesives are no exception. Manufacturers are investing in the development of bio-based and waterborne polyurethane adhesives as an alternative to solvent-based products, driven by stringent environmental regulations and growing consumer awareness regarding sustainable products. Innovations in the formulation of polyurethane adhesives are also prominent, with companies striving to produce products with faster curing times, better bonding capabilities, and enhanced environmental resistance, thus aiding the polyurethane adhesives market growth.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Polyurethane adhesives market growth is being driven by the unique in their bonding ability of these adhesives with a plethora of materials, from porous ones like wood and foam to non-porous substances such as metal and plastics. Their durability, superior bond strength, resistance to weathering, and abrasion have made them a staple in a multitude of environments and applications. Moreover, these adhesives are known for their resistance to chemical exposure, which further enhances their applicability in industries dealing with harsh operating conditions.
A major driver for the polyurethane adhesives market growth has been the escalating demand for lightweight materials across various industries, especially in the construction, automotive, and aerospace sectors. These industries are persistently seeking methods to reduce product weight, as it directly impacts the overall efficiency and energy consumption. Polyurethane adhesives, being lightweight yet robust, fit perfectly into this requirement, leading to a surge in their demand.
Simultaneously, the global packaging industry's expansion, propelled by increasing consumer demand and an emerging focus on sustainable solutions, also presents a significant growth avenue for polyurethane adhesives. As industries gravitate towards more environmentally friendly packaging solutions, the use of polyurethane adhesives is likely to rise due to their bonding versatility and durability.
The polyurethane adhesives market expansion has been bolstered by an uptick in DIY activities and home renovation projects. The convenience and effectiveness of polyurethane adhesives have not only been recognised by large industries but also by everyday consumers, who increasingly rely on these products for their adhesion needs.
Furthermore, there is an increasing focus on sustainability in the adhesives industry, and polyurethane adhesives are no exception. Manufacturers are investing in the development of bio-based and waterborne polyurethane adhesives as an alternative to solvent-based products, driven by stringent environmental regulations and growing consumer awareness regarding sustainable products. Innovations in the formulation of polyurethane adhesives are also prominent, with companies striving to produce products with faster curing times, better bonding capabilities, and enhanced environmental resistance, thus aiding the polyurethane adhesives market growth.
Market Segmentation
The market can be divided based on technology, type, application, and region.Market Breakup by Technology
- Solvent Borne
- Reactive
- Dispersion Hot Melt
- Others
Market Breakup by Type
- Thermoset
- Thermoplastic
Market Breakup by Application
- Packaging
- Building and Construction
- Automotive
- Footwear
- Electrical and Electronics
- Furniture
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global polyurethane adhesives companies. Some of the major key players explored in the report are as follows:- Akzo Nobel N.V.
- PPG Industries, Inc.
- Wacker Chemie AG
- Dow Inc.
- 3M Co.
- Sika AG
- H.B. Fuller Company
- WEICON GmbH & Co. KG
- Huntsman International LLC
- Parson Adhesives India Pvt. Ltd.
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Polyurethane Adhesives Market Analysis
8.1 Key Industry Highlights
8.2 Global Polyurethane Adhesives Historical Market (2018-2022)
8.3 Global Polyurethane Adhesives Market Forecast (2023-2028)
8.4 Global Polyurethane Adhesives Market by Technology
8.4.1 Solvent Borne
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Reactive
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Dispersion Hot Melt
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Polyurethane Adhesives Market by Type
8.5.1 Thermoset
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Thermoplastic
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Polyurethane Adhesives Market by Application
8.6.1 Packaging
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Building and Construction
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Automotive
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Footwear
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Electrical and Electronics
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
8.6.6 Furniture
8.6.6.1 Historical Trend (2018-2022)
8.6.6.2 Forecast Trend (2023-2028)
8.6.7 Others
8.7 Global Polyurethane Adhesives Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Polyurethane Adhesives Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Polyurethane Adhesives Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Polyurethane Adhesives Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Polyurethane Adhesives Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Polyurethane Adhesives Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Akzo Nobel N.V.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 PPG Industries, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Wacker Chemie AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Dow Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 3M Co.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Sika AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 H.B. Fuller Company
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 WEICON GmbH & Co. KG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Huntsman International LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Parson Adhesives India Pvt . Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
Companies Mentioned
- Akzo Nobel N.V.
- PPG Industries, Inc.
- Wacker Chemie AG
- Dow Inc.
- 3M Co.
- Sika AG
- H.B. Fuller Company
- WEICON GmbH & Co. KG
- Huntsman International LLC
- Parson Adhesives India Pvt . Ltd.
Methodology
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