Increasing building and Construction Activities to Thrive Market
Polyurethane Adhesives have the ability of flexible curing time at room temperature as well as extreme temperature. This ability of Polyurethane Adhesives gives it a special advantage. These adhesives can be applied manually as well as with the help of dispensing equipment. Polyurethane adhesives have a wide range of applications. These adhesives are used in building & construction, healthcare, and automotive sectors. Also, polyurethane adhesives have application in the packaging, footwear, and leather industries. Moreover, these adhesives are also used in the electrical and electronics industry. Polyurethane adhesives are widely employed in applications where higher efficiency is required at lower operating costs.
In the past few decades, the building & construction, healthcare, and automotive, electrical and electronics industries are increasing and developed at their wildest level. The rapid pace of urbanization and industrialization is increasing the demand for polyurethane adhesives. Also, the demand for smart cities is increasing at an unprecedented level. This is increasing the building & construction activities along with other activities such as swelling healthcare sector, upsurge in automotive, electrical and electronics sectors. This is boosting the demand for polyurethane adhesives, in turn further propelling the Polyurethane Adhesives Market growth over the forecast period.
What Will Be The Market By 2028?
Our report on Polyurethane Adhesives Market has covered the study of the latest development and investment in the market. In addition, the report covers the market attractiveness analysis, value chain analysis, regulatory analysis, and Porter’s five forces analysis, for Polyurethane Adhesives Market. In addition, our report includes market drivers, restraints, and opportunities along with COVID-19 impact analysis, historical & descriptive analysis, and forecasts & predictive analysis. The global Polyurethane Adhesives Market valued at USD 18.47 Billion in 2021 and expected to reach USD 37.62 Billion in 2028 at CAGR of 9.3%.
Some of the key players 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).
Asia Pacific is projected to dominate the Polyurethane Adhesives Market over the forecast period of 2022-2028. Among all the countries in the Asia Pacific, China dominates the Polyurethane Adhesives Market in the region. Surging building & construction activities, along with the significant expansion of the manufacturing industry are the major factors driving the Polyurethane Adhesives Market in the region.