Polyurethane Adhesives Market: Size, Growth, Regional Analysis, And Market Analysis



Polyurethane Adhesives:

An adhesive is a substance that uses surface adhesion to hold objects together. It is used to bond two substrates together. Fillers, tackifiers, softeners, cross-linking agents, and antioxidants are all used to produce adhesives. Natural rubber, acrylic, silicone, and polyurethane are several adhesives, each with a different degree of composition. At room and high temperatures, polyurethane adhesives have a flexible cure time. This is the most significant benefit of polyurethane adhesives. They can be applied by hand or with the assistance of dispensing equipment.


Polyurethane adhesives have good bonding properties for materials including ceramics, plastic, glass, rubber, and wood. Polyurethane adhesives are commonly used in applications that require increased efficiency at a lower cost of operation. Polyurethane adhesives have a short drying time, strong strength, exceptional optical clarity, outstanding abrasion and chemical resistance, and good strength and impact resistance, to name a few. Due to their versatility in operation, these adhesives are used in automobiles, building & construction, packaging, aircraft, electrical & electronics, locomotives, and optical.


Market Growth:

From 2020 to 2027, the Polyurethane Adhesives Market is expected to increase at a CAGR of 6.60 percent, from USD 8.22 billion in 2019 to USD 13.22 billion in 2027. Building and construction activities are increasing worldwide, which is fueling the expansion of the market. Polyurethane adhesives have seen a considerable increase in demand from end-use industries such as apparel, automobiles, construction and remodeling, packaging, and electronics in recent years.


The building and industrial sectors in India, China, and Brazil are rising rapidly, raising demand for polyurethane adhesives. In these countries, rising government building spending and expanding businesses are likely to stimulate demand for polyurethane adhesive products in the coming years. The increased need for polyurethane adhesives in the automobile production industry has fueled the development of passenger and commercial cars with lighter components.


Regional Analysis:

Due to increased demand for polyurethane adhesives from building and renovation activities, automotive industries, and transportation, Asia Pacific holds a large market share of the worldwide polyurethane adhesives market and is expected to drive market expansion during the forecast period. The Asia Pacific region is predicted to have the fastest revenue growth. This is due to increased demand in the telecommunications, electrical, and industrial sectors in the region's countries.


Key Players:

BASF AG, 3M, Arkema S.A., Avery Dennison Corporation, The Dow Chemical Company, Ashland Inc., Henkel AG & Co. KGaA, H.B. Fuller, Huntsman Corporation, Scott Bader Company Ltd., Illinois Tool Works Inc., Sika AG, and others are the major key players of Polyurethane Adhesives Market

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