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Recent research: Global Polyurethane Adhesives market is anticipated to grow at a CAGR of 6.60% by 2023

Polyurethane Adhesives

Polyurethane adhesives are those glues that are made of urethane polymers with chemical based of isocyanate group, polyurethane adhesives are also known as elastic adhesives, due they have an extraordinary elasticity and elongation.The Global Polyurethane Adhesives market was valued at USD 6.81 billion in 2016 and is projected to reach USD 12.11 billion by 2025, growing at a CAGR of 6.60% from 2017 to 2025. 

The Global Polyurethane Adhesives market was valued at USD 6.81 billion in 2016 and is projected to reach USD 12.11 billion by 2025, growing at a CAGR of 6.60% from 2017 to 2025. 

The ability of polyurethane adhesives to glue a wide variety of substrates is increasing its market demand in end-use applications. It can also sustain varying temperatures.

The increasing application in automotive and infrastructure industry is expected to play a pivotal role in influencing future demand.

Market Dynamics:
1. Market Drivers
1.1 Increasing demand from the packaging industry
1.2 Rise in automotive production in developing countries
2.

Market Restraints
2.1 Raw material price volatility
2.2 Stringent regulation regarding VOC content

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Market Segmentation:
The global Polyurethane Adhesivesmarket is segmented on the resin type, technology, application, and region.

  1. 1. By Resin Type:
    1.1 Thermoplastic
    1.2 Thermoset

    2. By Technology:
    2.1 Reactive
    2.2 Solvent Borne
    2.3 Hotmelt
    2.4 Dispesion
    2.5 Others

    3. By Application:
    3.1 Packaging
    3.2 Building and Construction
    3.3 Decorations and Furniture
    3.4 Automotive and Transportation
    3.5 Electronics and Electricals
    3.6 Footwear
    3.7 Others

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  2. 4. By Region:
    4.1 North America (U.S., Canada, Mexico)
    4.2 Europe (Germany, UK, France, Rest of Europe)
    4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
    4.4 Latin America (Brazil, Argentina, Rest of Latin America) 
    4.5 Middle East & Africa

    Competitive Landscape:
    The major players in the market are as follows:
    1. 3M
    2. Arkema
    3. Ashland
    4. H.B. Fuller
    5. Henkel AG
    6. Huntsman Corporation
    7. Illinois Tool Works Inc.
    8. Scott Bader Company Ltd.
    9. Sika AG
    10. DOW Chemical Company
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