The global polyurethane (PU) adhesives market is projected to reach USD 9.38 Billion by 2021, registering a CAGR of 6.8% between 2016 and 2021. Increasing building & construction activities and growth in production of automotive are increasing the demand for PU adhesives. Emerging middle-class population in developing countries such as China, India, and Brazil have triggered the growth of the PU adhesives market. —
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The market size of polyurethane (PU) adhesives is estimated to reach USD 9.38 billion by 2021, registering a CAGR of 6.8% between 2016 and 2021. Increasing building & construction activities, growth in production of automotive, and emerging middle-class population is expected to drive the PU adhesives market in the next five years.
Solvent-borne and waterborne are two major technologies used in the PU adhesives market. Efficiency in the technology to improve consumer experience is vital to the modern adhesives industry. The solvent-borne PU adhesives are selected by many major end-use industries for different applications, as they provide immediate bonding of substrates with good adhesion properties.
Asia-Pacific is the fastest-growing segment of the PU adhesives market. The increase in middle-class population, infrastructure development, and rising disposable income are also expected to fuel the demand, thus driving the market in the region.
Building & construction application dominates the market and occupies the highest share in the PU adhesives market. The main market for building & construction includes the U.S., Germany, China, Japan, South Korea, and India. Application of PU adhesives has increased due to the rapidly growing construction industry and high demand from customers. A single-component PU adhesive used for adhesive bonds is environmentally safe, not harmful to health, and invisible.
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The thermoplastic segment is growing at a faster rate than thermoset PU adhesives, in terms of value and volume. Thermoplastic PU adhesives are the benchmark products that are being increasingly used for their adjustable sealing temperature; adhesion to substrates such as leather, wood, metals, rigid and plasticized PVC, and rubbers; formulation versatility; and high hot tack properties. It is widely used for structural and load bearing applications. However, these adhesives are more expensive.
The key companies profiled in this report are 3M (U.S.), Arkema S.A. (France), Ashland Inc. (U.S.), H.B. Fuller (U.S.), Henkel AG & Co. KGaA (Germany), Huntsman Corporation (U.S.), Illinois Tool Works Inc., (U.S.), Scott Bader Company Ltd. (U.K.), Sika AG (Switzerland), and The Dow Chemical Company (U.S.).
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• Manufacturers of PU adhesives
• Manufacturers in end-use industries, such as building & construction, automotive & transportation, packaging,
• footwear, electrical & electronics, and furniture
• Traders, distributors, and suppliers of PU adhesives
• Regional manufacturer associations
• Government and regional agencies and research organizations
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