Polyurethane Adhesives Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

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Global Polyurethane Adhesives Market: By Resin Type (Thermoplastic, Thermoset), By Technology (Solvent-Borne, Hot Melt, Reactive, Water Born, Rad-cure), By End Users (Automotive, Building & Construction, Electrical & Electronics, Footwear, Furniture and Others) and Geography

 

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Report

Description

The polyurethane adhesives market is valued at approximately USD 6,867.9 million in 2021 and is predicted to exceed at a significant CAGR of 7.1 percent between 2022 and 2028 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. In 2021, the Thermoset resin segment accounted for a larger revenue share in the polyurethane adhesives market and was projected to grow with a CAGR of 6.8% from 2022-2028, owing to the regular launch of newer products to gain the traction of various customers across the globe. 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:

In Feb 2022, H.B. Fuller Company announced that it has acquired the Belgium-based company Fourny nv, a well-respected provider of construction adhesives with more than 70 years of experience in technologies focused on commercial roofing, construction, and other private label industrial specialties.

In March 2020, Huntsman Corporation announces its agreement to acquire CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives, and coatings markets.  CVC Thermoset Specialties is part of Emerald Performance Materials LLC which is majority owned by affiliates of American Securities LLC.

Polyurethane Adhesives Market

MARKET SUMMARY
-
7.1% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 7.1%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Polyurethane Adhesives Market

  • The report on global polyurethane adhesives market gives historical, current and future market sizes (US$ Bn) on the basis of by resin, by technology, by end-user and geography.
  • Polyurethane Adhesives Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Market Key Players
  • H.B. Fuller
  • Henkel AG
  • Ashland
  • Covestro
  • Sika AG
Polyurethane Adhesives Market

Dynamics

Continually increasing the consumption of polyurethane adhesives in multiple industries has been witnessed across the globe owing to polyurethane adhesive’s outstanding benefits and ideal specifications to opt for these polyurethane adhesives. The availability of alternative adhesives may hamper the growth of the market, and strict regulation authorities may inhibit the market.


Asia-Pacific Got Significant Share

Polyurethane Adhesives Market

Due to an increase in the use of polyurethane glue in numerous end-user industries as well as growth in industrial and consumer goods, Asia Pacific accounted for a significant portion of the polyurethane adhesives market in 2021. Furthermore, Europe will be the second-largest shareholder. The size of the polyurethane adhesives market in Europe will grow because of rapid industrialization and urbanisation, as well as tight regulatory regulations.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Findings of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Key

Key Features of the Report

Polyurethane Adhesives Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content

Table of Content

  1. Executive Summary
  2. Global Polyurethane Adhesives Market Introduction
    • Global Polyurethane Adhesives Market – Taxonomy
    • Global Polyurethane Adhesives Market –Definitions
      • By Resin Type
      • By Technology
      • By End Users
      • By Region
  1. Global Polyurethane Adhesives Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Polyurethane Adhesives Market Dynamic Factors – Impact Analysis
    • Global Polyurethane Adhesives Market – Competition Landscape
  2. Global Polyurethane Adhesives Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026
    • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Polyurethane Adhesives Market, By Resin Type, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Thermoplastic
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Thermoset
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Polyurethane Adhesives Market Forecast, By Technology, 2015 – 2019 and Forecast, 2020 – 2026
    • Solvent-Borne
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hot Melt
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Reactive
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Water Born
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Rad-cure
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Polyurethane Adhesives Market Forecast, By End Users, 2015 – 2019 and Forecast, 2020 – 2026
    • Automotive
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Building & Construction
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Electrical & Electronics
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Footwear
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Furniture
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Polyurethane Adhesives Market Forecast, By Region, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Polyurethane Adhesives Market – Opportunity Analysis Index, By Resin Type, Technology, End Users, and Region, 2020 – 2026
  2. North America Polyurethane Adhesives Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Resin Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoplastic
      • Thermoset
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solvent-Borne
      • Hot Melt
      • Reactive
      • Water Born
      • Rad-cure
    • End Users Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Automotive
      • Building & Construction
      • Electrical & Electronics
      • Footwear
      • Furniture
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • USA
      • Canada
    • North America Polyurethane Adhesives Market – Opportunity Analysis Index, By Resin Type, Technology, End Users, and Country, 2020 – 2026
    • North America Polyurethane Adhesives Market Dynamics – Trends
  3. Europe Polyurethane Adhesives Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Resin Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoplastic
      • Thermoset
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solvent-Borne
      • Hot Melt
      • Reactive
      • Water Born
      • Rad-cure
    • End Users Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Automotive
      • Building & Construction
      • Electrical & Electronics
      • Footwear
      • Furniture
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Polyurethane Adhesives Market – Opportunity Analysis Index, By Resin Type, Technology, End Users, and Country, 2020 – 2026
    • Europe Polyurethane Adhesives Market Dynamics – Trends
  4. Asia-Pacific Polyurethane Adhesives Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Resin Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoplastic
      • Thermoset
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solvent-Borne
      • Hot Melt
      • Reactive
      • Water Born
      • Rad-cure
    • End Users Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Automotive
      • Building & Construction
      • Electrical & Electronics
      • Footwear
      • Furniture
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Polyurethane Adhesives Market – Opportunity Analysis Index, By Resin Type, Technology, End Users, and Country, 2020 – 2026
    • Asia-Pacific Polyurethane Adhesives Market Dynamics – Trends
  5. Latin America Polyurethane Adhesives Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Resin Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoplastic
      • Thermoset
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solvent-Borne
      • Hot Melt
      • Reactive
      • Water Born
      • Rad-cure
    • End Users Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Automotive
      • Building & Construction
      • Electrical & Electronics
      • Footwear
      • Furniture
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Polyurethane Adhesives Market – Opportunity Analysis Index, By Resin Type, Technology, End Users, and Country, 2020 – 2026
    • Latin America Polyurethane Adhesives Market Dynamics – Trends
  6. Middle East and Africa Polyurethane Adhesives Market Analysis, 2015 – 2019 and Forecast, 2020 – 2026 (Revenue, USD Mn)
    • Resin Type Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Thermoplastic
      • Thermoset
    • Technology Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Solvent-Borne
      • Hot Melt
      • Reactive
      • Water Born
      • Rad-cure
    • End Users Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Automotive
      • Building & Construction
      • Electrical & Electronics
      • Footwear
      • Furniture
      • Others
    • Country Analysis 2015 – 2019 and Forecast 2020 – 2026 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Polyurethane Adhesives Market – Opportunity Analysis Index, By Resin Type, Technology, End Users, and Country, 2020 – 2026
    • MEA Polyurethane Adhesives Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • B. Fuller
      • Henkel AG
      • Huntsman Corporation
      • Ashland
      • The Dow Chemical Company
      • 3M
      • Covestro
      • Sika AG
      • Arkema,
      • Mapei
      • Jowat SE
      • LORD Corporation
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

  • H.B. Fuller
  • Henkel AG
  • Huntsman Corporation
  • Ashland
  • The Dow Chemical Company
  • 3M
  • Covestro
  • Sika AG
  • Arkema,
  • Mapei
  • Jowat SE
  • LORD Corporation

Description

The polyurethane adhesives market is valued at approximately USD 6,867.9 million in 2021 and is predicted to exceed at a significant CAGR of 7.1 percent between 2022 and 2028 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. In 2021, the Thermoset resin segment accounted for a larger revenue share in the polyurethane adhesives market and was projected to grow with a CAGR of 6.8% from 2022-2028, owing to the regular launch of newer products to gain the traction of various customers across the globe. 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:

In Feb 2022, H.B. Fuller Company announced that it has acquired the Belgium-based company Fourny nv, a well-respected provider of construction adhesives with more than 70 years of experience in technologies focused on commercial roofing, construction, and other private label industrial specialties.

In March 2020, Huntsman Corporation announces its agreement to acquire CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives, and coatings markets.  CVC Thermoset Specialties is part of Emerald Performance Materials LLC which is majority owned by affiliates of American Securities LLC.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX