Polyurethane (PU) Adhesives Market to Witness a Growth of 9.3%% During 2022-2028
The Global Polyurethane Adhesives Market is set to reach and thrive from USD USD 18.47 Billion billion in 2021 to USD USD 37.62 Billion billion in 2028 growing at a CAGR of 9.3%%. An adhesive is something that holds things together by sticking to the surface. It is used to combine two substrates. Acrylic, natural rubber, silicone, and polyurethane are different types of adhesives depending on the degree of their composition. Polyurethane attachments provide flexible healing time in the room as well as extreme temperatures. They can be used by hand or with the help of extraction machines.
Polyurethane Adhesives offer excellent bonding properties in areas such as ceramics, rubber, plastic, glass, and wood. Polyurethane Adhesives are widely used when high efficiency needs to be achieved at low operating costs. Prompt treatment time, excellent strength, good abrasion, chemical resistance, good vision and impact resistance are some of the key features of polyurethane adhesion. These attachments are used in industries such as automotive, construction, packaging, aerospace, electricity, trains, and visuals due to their versatility. The main drivers of the Polyurethane Adhesives Market include the growth of the automotive, construction, aerospace, footwear, packaging, and wind turbine industries. The biggest obstacles in this market are the availability of other adhesive materials such as polyvinyl acetate (PVA), epoxy, ethylene-vinyl acetate (EVA), acrylic adhesives, and silicone adhesives.
The market is divided into thermoset type and thermoplastics, from which, the thermoplastics component is expected to hold the largest share in the global Polyurethane Adhesives Market in the forecast period due to its ability to melt glue to form bonds. This increases its adhesives use. In addition, thermoplastic polyurethane or TPU adhesives act as a bridge between rubber and plastics, as they are smooth, flexible, and durable. Such beneficial features of TPU are estimated to increase partial growth. Based on technology, the Polyurethane Adhesives Market can be divided into solvent-borne, active, dispersed, and hot melt. The dispersal market is expected to grow at a very high CAGR, aided by strict environmental regulations. These restrictions constrain the use of highly toxic solvents, which have VOC emissions. They show an excellent resistance to solvents and chemical products and have a low application temperature, making them suitable for heat-resistant substrates.
The automotive and transportation segment is expected to respond with the largest share in the Polyurethane Adhesives Market, by the end-use sector. Polyurethane Adhesives are used in many important parts of the car's interior, including headboards, door panels, interior pillars, metal panels, seats, and package trays. In addition, polyurethane adhesive’s expandable attachments cater to the glossy applications of the rail and marine industries, among others. Along with the window glass, PU-based adhesives cover a wide range of applications, such as tail molding, interior panels, ceiling panels, floor luggage space, front molding, sidewall integration, and deck integration.
The market for Polyurethane Adhesives in the Asia Pacific region is expected to receive the largest market share during the forecast period after the presence of major car manufacturers in developed countries, as well as growth in the construction sector. The global market in total consists of Asia Pacific, North America, Europe, Middle East & Africa, and South America.
Major key players operating in the Polyurethane Adhesives Market include - H.B. Fuller Company (US), Henkel AG & CO. KGAA (Germany), 3M Company (US), Sika AG (Switzerland) and Arkema S.A. (France) .
Browse the full Report - Polyurethane Adhesives Market by Type (Thermoset, Thermoplastic), by End User (Building & construction, Automotive & transportation, Packaging, Footwear), by Regions (North America, Europe, Asia Pacific, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)