Polyurethane Adhesive Market Size to Reach Revenues of USD 11.67 Billion by 2027 - Arizton
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Polyurethane Adhesive Market – Segmentation
Polyurethane Adhesive Market by Components
Polyurethane Adhesive Market by Resin Type
Polyurethane Adhesive Market by Distribution Channel
Polyurethane Adhesive Market by Application
Polyurethane Adhesive Market by Technology
Polyurethane Adhesive Market – Dynamics
Manufacturers are moving towards bio-based coatings, sealants, and adhesives for better durability and reducing dependency on scarce raw materials. Bio-based raw materials not only reduce the carbon footprint of the product but also improve the performance and versatility of the product. Polyurethane adhesives are derived from isocyanates and polyols. Typical polyols include polyester (such as adipate esters) or polyether (such as PTMEG). The properties of adhesives are highly reliant on the nature of the polyol used. Polyether polyurethane adhesive is vulnerable to UV radiation and polyester polyurethane adhesives are suspectable to hydrolysis. Bio-based priplast polyols are carbon polyols that are highly renewable and hydrophobic. These polyols are used extensively in moisture-curing adhesive, hot-melts, and thermoplastic polyurethane adhesives.
Key Drivers and Trends fueling Market Growth:
Polyurethane Adhesive Market – Geography
The construction, automobile, and packaging industries are the major market growth drivers in the APAC region. China has been the leading market in APAC, followed by Japan. The healthy growth of industries such as construction, packaging, automotive, and healthcare in these countries has propelled the growth of the regional adhesives and sealants market. The rising population and disposable income in China, India, and Indonesia have fueled residential housing growth in the APAC region, further fueling the demand for polyurethane adhesives in the construction industry. After the outbreak of the COVID-19 pandemic, the e-commerce packaging market witnessed significant growth as many shops closed due to lockdown and traveling restrictions. During this period, internet shopping portals witnessed growth in sales of medicines and other healthcare items and food and beverage products.
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Polyurethane Adhesive Market by Geography
APAC
Europe
North America
Latin America
Middle East & Africa
Key Vendors
Other Prominent Vendors
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Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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