Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on polyurethane adhesives market provides in-depth
analysis of segments and sub-segments in the global as well as regional
polyurethane adhesives market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional polyurethane
adhesives market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecasts, and dollar values of global
polyurethane adhesives market. According to the report, the global polyurethane
adhesives market is projected to grow at a CAGR of 6.5% over the forecast
period of 2020-2026.
Polyurethane adhesives are a type
of elastic glue that has an extraordinary elasticity and high fracture
resistance. They deliver strong impact-resistant joints and have better
low-temperature strength as compared to other adhesives. Polyurethane adhesives
are cured fast and are often used with primers. One and two-component
polyurethane adhesives are available commercially. Polyurethane adhesives are
ideal for structural bonding of various porous and non-porous materials such as
metal, glass, and plastics. They are used for materials that require high
strength, impact resistance, and high peel strength. They are used in several
end-use applications such as electronics & appliances, automotive, building
& construction, footwear, and packaging.
The spread of COVID-19 has
severely affected the polyurethane adhesives market across the globe. COVID-19
pandemic hampered the production and demand, disrupting the supply chain of
polyurethane adhesives, and affected the market by its impact on firms and the
financial markets. The demand for polyurethane adhesives has decreased from the
end-users. The COVID19 pandemic has severely affected the revenue of end-user
industries. Several end-users have stopped their production or closed their
production unit. The shortage of raw materials is another major challenge faced
by the industry during the pandemic. Furthermore, the lower production of
polyurethane adhesives in countries including China, Taiwan, India, and Japan
has created a shortage in the global market. Other countries dependent on the
import are facing a severe shortage of polyurethane adhesives during the
pandemic. The lower production and shortage of polyurethane adhesives in the
market are estimated to hamper the market growth over a shorter period.
Polyurethane adhesives offer a
high range of applications in numerous industries. The growth in end-use
industries such as electronics, automotive, and construction industry primarily
drives the growth of the polyurethane adhesives market. The increasing
production of lightweight vehicles as improving fuel-efficiency and controlling
emissions remains a top priority within the automotive and commercial vehicle
industries is anticipated to boost the PU adhesives market. In addition,
polyurethane adhesives are finding increasing uses within the building &
construction industry due to their ability to bond with non-porous materials
such as metal to wood, or mirrors to walls and have the ability to set in high
moisture condition. Furthermore, the increasing demand for hot melt PU
adhesives driven by the rapidly growing demand from the woodworking and
automotive industries also drives the growth of the polyurethane adhesives
market. However, the availability of substitutes such as Polyvinyl Acetate
(PVA), epoxy, Ethylene-vinyl acetate (EVA), acrylic adhesives, and silicone
adhesives hinders the growth of the PU adhesives market. Moreover, the use of
PU adhesives in emerging applications such as in medical devices manufacturing
and marine applications creates beneficial opportunities for the growth of the
PU adhesives market.
Among the regions, Asia-Pacific
holds the dominant share in the polyurethane adhesives market and is expected
to lead the market over the forecast period to 2026. The Asia-pacific region
offers a substantial potential for market growth owing to rapid growth in
markets such as China, India, Japan, South Korea, Indonesia, Thailand,
Malaysia, Singapore, Australia, and New Zealand. Growing investments in
residential and green building projects in India are projected to further
support the growth of the polyurethane adhesives market throughout the forecast
period. Additionally, the presence of a large number of furniture, packaging,
footwear, electrical & electronics manufacturers is likely to further surge
the usage of PU adhesives in the coming years in India. North America holds the
second-largest share in the global PU adhesives market. The growing influence
of urbanization and continuous investment in the construction sector,
automobile, and computer technology is augmenting the demand for polyurethane
adhesive in North America.
The report on the global polyurethane
adhesives market covers segments such as type, technology, and application. On
the basis of type, the sub-markets include thermoset, and thermoplastic. On the
basis of technology, the sub-markets include solvent-borne, reactive,
dispersion, hot-melt, and others. On the basis of application, the sub-markets
include building & construction, automotive, packaging, footwear,
electrical and electronics, and others.
The report provides profiles of
the companies in the market such as Dow Chemical Company, 3M Company, Sika AG,
H.B. Fuller, Arkema S.A., Henkel AG & Co. KGaA, Ashland Global Holdings
Inc., Huntsman Corporation, Scott Bader Company Ltd., and Illinois Tool Works
Inc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of polyurethane adhesives market. Moreover, the study highlights
current market trends and provides forecast from 2020-2026. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
Please Choose One of them.