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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Polyurethane Adhesives Market: By Resin Type, By Technology, By End Users and Geography
Polyurethane Adhesives Market size was valued at US$ 6,867.9 million in 2022 and is predicted to exceed at a significant CAGR of 7.1 from 2023-2029. owing to increasing demand for polyurethane adhesives from various industries/end-users such as construction, aerospace, packaging, electrical and electronics, etc. for their unique applications. The inclination toward the adoption of developing sustainable raw materials and manufacturing bio-degradable polyurethane adhesives to mitigate global warming by using these products to sequester carbon dioxide is the primary factor expected to create a lucrative opportunity for the market players during the forecast period. The rising demand for bio-based PU hot-melt adhesives is likely to be an opportunity for the market. According to the FICCI (Federation of Indian Chambers of Commerce and Industry), India's chemical industry was worth 163 billion dollars in 2019 and contributed 3.4 percent to the global chemical industry. It is the sixth-largest producer of chemicals in the world. This figure demonstrates the profitable prospect for corporate investment in Asia Pacific countries in the coming years. Based on technology, the Solvent-Borne segment is expected to witness the highest market share owing to increasing growth in the light-weighted automobile manufacturing industry during the forecast period. Also, other significant factors such as resistance to plasticizers, good adhesion to the most different materials (except bare metal) & high demand for bonding soft PVC to each other as well as to many other materials are expected to drive the Solvent-Borne segment growth during the forecast period.
Recent Market Developments:
Study Period
2024-2030Base Year
2023CAGR
7.1%Largest Market
Asia-PacificFastest Growing Market
North America
Increase in demand for PU adhesives in different fields such as automotive, building & construction, electrical & electronics, footwear, furniture, packaging and others. The uses of polyurethane adhesive makes vehicle parts light in weight and thus enhances the fuel efficiency. Adhesives continue to be an alternative to conventional fastening technologies to achieve robust assembly. Rapid advancements in chemical engineering and chemical industries have significantly driven the growth of PU adhesive market during forecast period.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2022 |
US$ 6,867.9 million |
Market CAGR |
7.1% |
By Resin Type |
|
By Technology |
|
By End User |
|
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The polyurethane adhesives market size was valued at US$ 6,867.9 million in 2022
The polyurethane adhesives market key players are: H.B. Fuller Henkel AG Huntsman Corporation Ashland The Dow Chemical Company 3M Covestro Sika AG Arkema, Mapei Jowat SE LORD Corporation
The polyurethane adhesives market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Polyurethane Adhesives Market Introduction |
2.1. Global Polyurethane Adhesives Market Taxonomy |
2.2. Global Polyurethane Adhesives Market Definitions |
2.2.1. By Resin Type |
2.2.2. By Technology |
2.2.3. By End Users |
2.2.4. By Region |
3. Global Polyurethane Adhesives Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Polyurethane Adhesives Market Dynamic Factors - Impact Analysis |
3.6. Global Polyurethane Adhesives Market Competition Landscape |
4. Global Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 |
4.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Polyurethane Adhesives Market, By Resin Type, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1. Thermoplastic |
5.1.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Thermoset |
5.2.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Polyurethane Adhesives Market Forecast, By Technology, 2018 - 2029 and Forecast, 2023 - 2029 |
6.1. Solvent-Borne |
6.1.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Hot Melt |
6.2.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Reactive |
6.3.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Water Born |
6.4.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Rad-cure |
6.5.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Polyurethane Adhesives Market Forecast, By End Users, 2018 - 2029 and Forecast, 2023 - 2029 |
7.1. Automotive |
7.1.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Building & Construction |
7.2.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Electrical & Electronics |
7.3.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Footwear |
7.4.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Furniture |
7.5.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Others |
7.6.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
8. Global Polyurethane Adhesives Market Forecast, By Region, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1. North America |
8.1.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia-Pacific |
8.3.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Latin America |
8.4.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Middle East and Africa |
8.5.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
8.6. Global Polyurethane Adhesives Market - Opportunity Analysis Index, By Resin Type, Technology, End Users, and Region, 2023 - 2029 |
9. North America Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
9.1. Resin Type Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
9.1.1. Thermoplastic |
9.1.2. Thermoset |
9.2. Technology Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.2.1. Solvent-Borne |
9.2.2. Hot Melt |
9.2.3. Reactive |
9.2.4. Water Born |
9.2.5. Rad-cure |
9.3. End Users Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
9.3.1. Automotive |
9.3.2. Building & Construction |
9.3.3. Electrical & Electronics |
9.3.4. Footwear |
9.3.5. Furniture |
9.3.6. Others |
9.4. Country Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
9.4.1. USA |
9.4.2. Canada |
9.5. North America Polyurethane Adhesives Market - Opportunity Analysis Index, By Resin Type, Technology, End Users, and Country, 2023 - 2029 |
9.6. North America Polyurethane Adhesives Market Dynamics Trends |
10. Europe Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
10.1. Resin Type Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Thermoplastic |
10.1.2. Thermoset |
10.2. Technology Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.2.1. Solvent-Borne |
10.2.2. Hot Melt |
10.2.3. Reactive |
10.2.4. Water Born |
10.2.5. Rad-cure |
10.3. End Users Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Automotive |
10.3.2. Building & Construction |
10.3.3. Electrical & Electronics |
10.3.4. Footwear |
10.3.5. Furniture |
10.3.6. Others |
10.4. Country Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Germany |
10.4.2. UK |
10.4.3. France |
10.4.4. Spain |
10.4.5. Italy |
10.4.6. Russia |
10.4.7. Poland |
10.4.8. Rest of Europe |
10.5. Europe Polyurethane Adhesives Market - Opportunity Analysis Index, By Resin Type, Technology, End Users, and Country, 2023 - 2029 |
10.6. Europe Polyurethane Adhesives Market Dynamics Trends |
11. Asia-Pacific Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
11.1. Resin Type Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Thermoplastic |
11.1.2. Thermoset |
11.2. Technology Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.2.1. Solvent-Borne |
11.2.2. Hot Melt |
11.2.3. Reactive |
11.2.4. Water Born |
11.2.5. Rad-cure |
11.3. End Users Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Automotive |
11.3.2. Building & Construction |
11.3.3. Electrical & Electronics |
11.3.4. Footwear |
11.3.5. Furniture |
11.3.6. Others |
11.4. Country Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Japan |
11.4.2. China |
11.4.3. India |
11.4.4. ASEAN |
11.4.5. Australia & New Zealand |
11.4.6. Rest of Asia-Pacific |
11.5. Asia-Pacific Polyurethane Adhesives Market - Opportunity Analysis Index, By Resin Type, Technology, End Users, and Country, 2023 - 2029 |
11.6. Asia-Pacific Polyurethane Adhesives Market Dynamics Trends |
12. Latin America Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
12.1. Resin Type Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Thermoplastic |
12.1.2. Thermoset |
12.2. Technology Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.2.1. Solvent-Borne |
12.2.2. Hot Melt |
12.2.3. Reactive |
12.2.4. Water Born |
12.2.5. Rad-cure |
12.3. End Users Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Automotive |
12.3.2. Building & Construction |
12.3.3. Electrical & Electronics |
12.3.4. Footwear |
12.3.5. Furniture |
12.3.6. Others |
12.4. Country Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Brazil |
12.4.2. Mexico |
12.4.3. Argentina |
12.4.4. Rest of Latin America |
12.5. Latin America Polyurethane Adhesives Market - Opportunity Analysis Index, By Resin Type, Technology, End Users, and Country, 2023 - 2029 |
12.6. Latin America Polyurethane Adhesives Market Dynamics Trends |
13. Middle East and Africa Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
13.1. Resin Type Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Thermoplastic |
13.1.2. Thermoset |
13.2. Technology Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.2.1. Solvent-Borne |
13.2.2. Hot Melt |
13.2.3. Reactive |
13.2.4. Water Born |
13.2.5. Rad-cure |
13.3. End Users Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Automotive |
13.3.2. Building & Construction |
13.3.3. Electrical & Electronics |
13.3.4. Footwear |
13.3.5. Furniture |
13.3.6. Others |
13.4. Country Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Gulf Cooperation Council (GCC) Countries |
13.4.2. Israel |
13.4.3. South Africa |
13.4.4. Rest of MEA |
13.5. MEA Polyurethane Adhesives Market - Opportunity Analysis Index, By Resin Type, Technology, End Users, and Country, 2023 - 2029 |
13.6. MEA Polyurethane Adhesives Market Dynamics Trends |
14. Competition Landscape |
14.1. Strategic Dashboard of Top Market Players |
14.2. Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
14.2.1. H.B. Fuller |
14.2.2. Henkel AG |
14.2.3. Huntsman Corporation |
14.2.4. Ashland |
14.2.5. The Dow Chemical Company |
14.2.6. 3M |
14.2.7. Covestro |
14.2.8. Sika AG |
14.2.9. Arkema, |
14.2.10. Mapei |
14.2.11. Jowat SE |
14.2.12. LORD Corporation |
15. Research Methodology |
16. Key Assumptions and Acronyms |
Key Market Players