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  • Polyurethane Adhesives Market worth $9.1 billion by 2024

    (, January 07, 2020 ) The report "Polyurethane Adhesives Market by Resin Type (Thermoset & Thermoplastic), Technology (Solvent-borne, 100% solids, Dispersion), End-use Industry (Automotive, Construction, Packaging, Footwear, Industrial, and Furniture), Region - Global Forecast to 2024" MarketsandMarkets: The PU adhesives market size 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, industrial, automotive & transportation, and packaging is driving the PU adhesives market.

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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 -86F and +300F. 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.

    Don't miss out on business opportunities in Polyurethane Adhesives Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow.

    Browse in-depth TOC on "Polyurethane Adhesives Market
    116 - Market Data Tables
    41 - Figures
    167 - Pages

    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.

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    About MarketsandMarkets

    MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.

    Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the Growth Engagement Model GEM. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write Attack, avoid and defend strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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    Mr. Shelly Singh


    Source: EmailWire.Com


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