According to ChemAnalyst report, “Global Polyurethane Adhesives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2035”, Over the forecast period, the Polyurethane Adhesives market is expected to reach approximately 4200 thousand tonnes in 2035 at a CAGR of 4.85%. The Polyurethane Adhesives market is expected to grow through the projected period to fulfil the rising demands from the Construction, Automotive, Textile, Flexible packaging, DIY, and other end-use sectors.
Polyurethane Adhesives are petroleum-based polymers. Polyols and isocyanate are the starting materials for synthesizing Polyurethane Adhesives. Nowadays, new technology is being used to synthesize these adhesives using wood wastes as a starting material. This new method is more environmentally friendly than the prior used method. Additionally, Polyurethane Adhesives are better than other adhesives like epoxy resins because they are flexible and hold excellent bond strength. These adhesives display good resistance to chemicals, weather conditions, abrasion resistance, and dielectric characteristics and are used in various industries. The niche applications include construction purposes such as joining metal to glass, woodwork purposes, in textiles as a binding agent, bond windshields, laminating agents, vehicle interiors, sealing fuel tanks, sealant, etc.
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The Polyurethane Adhesives' global market is driven by its excellent characteristics such as high bond strength, flexibility, resistance to abrasion, and water-resistance. Polyurethane Adhesives has a wide array of applications in the construction and automotive sector. However, the construction sector is the primary driver for expanding the global Polyurethane Adhesives market. In 2021, the construction sector accounted for more than 40% of the global Polyurethane Adhesives market and is expected to dominate the market in the forecast period. These adhesives are used in the construction sector for joining different materials like wood, metal, and glass. With the growing urban population, the construction projects are expected to increase, creating more demand for Polyurethane Adhesives. It is an excellent adhesive for home decor and DIY projects.
The Polyurethane Adhesives market is segregated based on end-use, sales channel, and region. Most of the Polyurethane Adhesives production companies are situated in Asia Pacific region. It is mainly due to high number of workers available in this area resulting in cheaper production of Polyurethane Adhesives.
Based on demand by region, Asia Pacific was the dominant region in terms of consumption of Polyurethane Adhesives. This region has consumed more than 40% of Polyurethane Adhesives in 2021 and is anticipated to maintain this position in the forecast time of 2035 with a CAGR of 5.05%. The second largest consumer is Europe, expected to maintain its place in the forecast period.
Based on end-uses, the Polyurethane Adhesives market is segregated into Construction, Automotive, Textile, Flexible packaging, DIY, and others. The highest demand for Polyurethane Adhesives is by the Construction sector, and it is anticipated to dominate the Polyurethane Adhesives market in the coming years with a CAGR of 4.93%. The second largest consumer of Polyurethane Adhesives is the Automotive sector. Although, DIY is a booming industry and expected to face a surge in the forecast period with an expected healthy CAGR of 5.48%.
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“Global Polyurethane Adhesives Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, 2015-2035”, the significant players functional in the Global Polyurethane Adhesives are Henkel AG & Co.KGaA, Sika AG, Arkema Group (Bostik), Hunstsman International LLC., The Dow Chemical Company, H.B. Fuller, Jowat Adhesives, and others.
“The rapidly increasing demand for Polyurethane Adhesives from Construction, Automotive, Textile, Flexible packaging, and DIY industry is expected to drive the global Polyurethane Adhesives market. The growing demand for Polyurethane Adhesives due to its high bond strength, resistance to chemicals, acids, bases, high temperatures, flexibility, and abrasion-resistance makes it a suitable adhesive for application in the construction industry. Polyurethane Adhesives is a great alternative to epoxy resins as they are more flexible and durable, driving the Polyurethane Adhesives demand in the upcoming years “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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