Polyurethane Adhesives Market worth $9.1 billion by 2024 : Growing at a CAGR of 5.6%

Henkel AG & CO. KGAA (Germany), H.B. Fuller Company (US), 3M Company (US), Arkema S.A. (France), and Sika AG (Switzerland) are some of the players operating in the global market.

(EMAILWIRE.COM, October 30, 2021 ) The report "Polyurethane Additives Market by Type (Catalysts, Surfactants, Filler, Flame retardants, and others), Application (Foams, Adhesives & Sealants, Coatings, Elastomers), End-use Industry and Region - Global Forecast to 2025", is projected to grow from USD 7.0 billion in 2019 to USD 9.1 billion by 2024, at a CAGR of 5.6%, during the forecast period. The growth of end-use industries, such as building & construction, automotive & transportation, and packaging is driving the PU adhesives market growth.

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Dispersion is projected to register the highest CAGR in the PU adhesives market, by technology, during the forecast period.
The market for dispersion is projected to grow at the highest CAGR, aided by the stringent environmental regulations. These regulations prohibit the use of highly-toxic solvents, which have VOC emissions. exhibit high bond strength, and long-term durability under severe environmental conditions. The resulted adhesive has excellent temperature and environmental resistance while maintaining high-bond strength. They display excellent resistance to solvents & chemical products and have a low application temperature, which makes them suitable for heat-sensitive substrates. They generally have working temperatures between -86°F and +300°F. Sika AG (Switzerland), Jowat SE (Germany), Arkema S.A. (France), Ashland Inc. (US), LORD Corporation (US), DowDuPont Inc. (US), and Franklin International (US), and others have introduced various new products in the past five years to meet the emerging demand from end users.

The automotive & transportation segment is projected to account for the largest share of the PU adhesives market, by end-use industry, during the forecast period.
PU adhesives can easily join dissimilar substrates. They are being used in many other key components of automobile interiors, including headliners, door panels, interior pillars, instrument panels, seating, and package trays. Moreover, PU elastic adhesives cater to glazing applications for automotive, rail, and marine industries, among others. Along with the window glass, PU-based elastic adhesives cover a long list of applications, such as tail molding, interior trims, roof panels, luggage compartment floor, front molding, sidewall assembly, and deck assembly. This has aided vehicle manufacturers to use all types of lightweight materials without compromising on safety, functionality, or comfort. Adhesives continue to be an alternative to conventional fastening technologies to achieve robust assembly.

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PU adhesives in APAC is expected to register the highest CAGR during the forecast period.
The APAC PU adhesives market is segmented into China, Japan, India, South Korea, Thailand, Malaysia, and Rest of APAC. APAC is an emerging and lucrative market for PU adhesives, owing to industrial development and improving economic conditions. This region constitutes approximately 61% of the global population, resulting in the growth of the manufacturing and processing sectors.

Key Questions Addressed by the Report :
• What is the mid-to-long term impact of the developments undertaken in the industry?
• What are the upcoming technologies used in PU adhesives industry?
• Which segment has the potential to register the highest market share?
• What is the current competitive landscape in the PU adhesives market in terms of new technologies, production, and sales?
• What will be the growth prospects of the PU adhesives market?

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