The Global Polyurethane Adhesives Market to grow from USD 91.76 billion in 2022 to USD 170.44 billion by 2030, at a CAGR of 8.04%.

PUNE, MAHARASHTRA, INDIA, November 17, 2023 /EINPresswire.com/ -- The "Polyurethane Adhesives Market by Product Type (Thermoplastic, Thermoset), Technology (Dispersion, Hot Melt, Reactive), End-Use Industry - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Polyurethane Adhesives Market to grow from USD 91.76 billion in 2022 to USD 170.44 billion by 2030, at a CAGR of 8.04%.

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Polyurethane adhesives provide a suitable blend of cohesive strength and flexibility, making them tough and durable. They provide good toughness at low temperatures and typically degrade strength after long-term exposure over 150°C (302°F). Polyurethane adhesives offer unique characteristics because of the vivid variation in their physical properties that can be achieved by modifying their formulation. The significant growth in the building & construction industry and increasing government expenditure on construction and renovation activities boost the demand for polyurethane adhesives. Manufacturers have used polyurethane adhesives due to their superior performance, improved product life, and reliability. However, fluctuating cost of petrochemical-based raw materials and performance issues significantly impedes the use of PU adhesives. In addition, advancements and the launch of improved polyurethane adhesives contribute to developing polyurethane adhesives.

Product Type: Wide use of polyurethane adhesives in construction materials and heavy-duty equipment assembly
Thermoplastic polyurethane (TPU) adhesives are known for their versatility, exceptional bonding strength, and resistance to chemicals, abrasion, and weather. These adhesives can be re-melted and reprocessed numerous times without significant loss in mechanical properties, making them ideal for applications requiring flexibility and ease of handling. Due to their high elongation properties and resistance to temperature extremes, they excel in situations where the bonded materials may experience flexing or temperature changes. In contrast to thermoplastics, thermoset polyurethane (TSU) adhesives undergo an irreversible chemical reaction during curing that imparts excellent durability and resistance to chemicals and environmental stressors. They are widely used in applications where rigid bonds with high structural integrity are necessary, such as construction materials or heavy-duty equipment assembly. TSU adhesives are best suited for applications that demand a permanent, high-strength bond capable of withstanding harsh environments.

Technology: Higher adoption of dispersion polyurethane adhesives in construction, automotive, and packaging industries offers high durability and flexibility
Dispersion polyurethane adhesives are waterborne adhesives that provide excellent bonding performance, low odor, and minimal environmental impact. These adhesives are widely used in construction, automotive, and packaging industries due to their high durability and flexibility. Hot melt polyurethane adhesives are solid thermoplastic resins that melt at elevated temperatures and form strong bonds upon cooling. They are commonly used for applications requiring fast-setting times and excellent temperature resistance, such as footwear manufacturing, textile lamination, and electronic assembly. Reactive polyurethane adhesives cure when exposed to moisture or heat, forming highly durable bonds without the use of solvents or other volatile organic compounds (VOCs). They offer excellent resistance to chemicals, UV radiation, and temperature changes. Solvent-borne polyurethane adhesives incorporate solvents to provide superior wetting properties on various materials and surfaces. They are commonly used in flexible packaging applications due to their excellent adhesion strength, moisture resistance, and compatibility with multiple substrates such as plastics, metals, and paper.

End-Use Industry: Increasing usage of polyurethane adhesives in electronics and industrial applications due to their high thermal stability and electrical insulation properties
In the building and construction industry, polyurethane adhesives are preferred for their strong bonding capabilities to various substrates such as concrete, wood, metal, and insulation. These adhesives provide excellent weather resistance and support load-bearing applications such as flooring systems and structural panels. Polyurethane adhesives are utilized extensively in electronics and industrial applications due to their high thermal stability and electrical insulation properties. They enable reliable bonding of electronic components such as integrated circuits (ICs), printed circuit boards (PCBs), encapsulation of semiconductors, and transformer cores manufacturing, among others. The footwear industry employs polyurethane adhesives for their excellent bonding strength, lightweight properties, resistance to abrasion and wear, and comfort-enhancing features. Polyurethane adhesives have various applications in furniture and decoration industries due to their ability to bond different materials such as wood, metals, glass, laminates, fabrics, and leather, offering excellent durability and aesthetic appeal. In the packaging industry, polyurethane adhesives are preferred owing to their excellent bonding capabilities across various substrates, especially plastic films and laminates, & resistance against aggressive chemicals in packaged goods.

Regional Insights:
In North America, the high demand for consumer packaged goods, abundant availability of raw materials, surging demand for electrical and electronics, and the increasing disposable income significantly increase the utilization of polyurethane adhesives. In the U.S., the significant growth of various end-use industries, especially the expansion of the building & construction industry, enhances the utilization of polyurethane adhesives. The rapid growth in the building & construction industry of India, China, and Brazil, increasing government expenditure on construction and renovation activities, and a growing economy boost the demand for polyurethane adhesives. Polyurethanes' characteristics, such as chemical resistance, flame retardant properties, and low smoke emission levels, drive the need for these products across Asia-Pacific. The application of polyurethane adhesives is increasing in building & construction, packaging, automobile, aerospace, electrical & electronics, and locomotives, especially in the Asia-Pacific and Middle East regions.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Polyurethane Adhesives Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Polyurethane Adhesives Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Polyurethane Adhesives Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Adhesives Research, Inc., American Biltrite, American Polyfilm Inc., Anglo Adhesives & Services Ltd., Anhui Anda Huatai New Materials Co., Ltd., Antala Ltd., Arkema S.A., Ashland Inc., Astra Chemtech Pvt.Ltd., ATA Distributors Pty Ltd., Avery Dennison Corporation, BASF SE, Beardow Adams, Beijing Comens New Materials Co., Ltd., Chemence Inc., Chemique Adhesives and Sealants Ltd., Dunbar Sales Co Inc., Ellsworth Adhesives, Fixon Chemical, FORTIS Adhesives and Coatings, Franklin International, Glue Guru International Ltd., H.B. Fuller Company, Handley Industries Ltd., Henkel AG & Co. KGaA, Homey Construction Limited, Huntsman International LLC, Illinois Tool Works Inc., Johns Adhesives Pty Ltd., Jowat SE, LORD Corporation by Parker Hannifin Corporation, Master Bond Inc., Parson Adhesives, Inc., Permabond LLC, Phoenix Vapers Limited, Pidilite Industries Ltd., RLA Polymers Pty Ltd. by DGL Group, RPM International Inc., RUSTA LLC, Sabre Adhesives Ltd., Scott Bader Company Limited, Shandong INOV Polyurethane Co., Ltd., Sika AG, Soudal Holding N.V., Techsil Ltd., The Dow Chemical Company, Uroxsys Ltd., Wacker Chemie AG, and WEICON GmbH & Co. KG..

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Market Segmentation & Coverage:

This research report categorizes the Polyurethane Adhesives Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product Type, market is studied across Thermoplastic and Thermoset. The Thermoset commanded largest market share of 63.89% in 2022, followed by Thermoplastic.

Based on Technology, market is studied across Dispersion, Hot Melt, Reactive, and Solvent-Borne. The Hot Melt commanded largest market share of 28.78% in 2022, followed by Solvent-Borne.

Based on End-Use Industry, market is studied across Automotive & Transportation, Building & Construction, Electronics & Industrial, Footwear, Furniture & Decoration, and Packaging. The Automotive & Transportation commanded largest market share of 29.48% in 2022, followed by Packaging.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.13% in 2022, followed by Europe, Middle East & Africa.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Polyurethane Adhesives Market, by Product Type
7. Polyurethane Adhesives Market, by Technology
8. Polyurethane Adhesives Market, by End-Use Industry
9. Americas Polyurethane Adhesives Market
10. Asia-Pacific Polyurethane Adhesives Market
11. Europe, Middle East & Africa Polyurethane Adhesives Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Polyurethane Adhesives Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Polyurethane Adhesives Market?
3. What is the competitive strategic window for opportunities in the Polyurethane Adhesives Market?
4. What are the technology trends and regulatory frameworks in the Polyurethane Adhesives Market?
5. What is the market share of the leading vendors in the Polyurethane Adhesives Market?
6. What modes and strategic moves are considered suitable for entering the Polyurethane Adhesives Market?

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Mr. Ketan Rohom
360iResearch
+1 530-264-8485
ketan@360iresearch.com

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