Report ID: SQMIG15E2150
Report ID: SQMIG15E2150
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Report ID:
SQMIG15E2150 |
Region:
Global |
Published Date: December, 2024
Pages:
254
|Tables:
117
|Figures:
77
Polyurethane Adhesives Market was valued at USD 9.93 Billion in 2024 and is poised to grow from USD 10.48 Billion in 2025 to USD 16.21 Billion by 2033, growing at a CAGR of 5.6% during the forecast period (2026–2033).
Polyurethane adhesives are renowned for their exceptional strength and durability. They are designed to offer a robust bonding solution that can effectively bond different substrates such as metals, plastics, and composites. Polyurethane adhesives are characterized by a high bond strength, typically ranging between 2500-3500 psi. This makes them ideal for use in demanding applications where a reliable and strong bond is necessary. The high bonding strength of polyurethane adhesives enables them to withstand significant stress, strain, and impact, thus providing long-lasting and secure bonds. Their ability to offer superior bonding strength and resilience makes them a popular choice in various industries, including construction, automotive, and aerospace, among others. Polyurethane adhesives have been shown to be eco-friendly when compared to other adhesive types. One of the reasons for this is that they do not contain volatile organic compounds (VOCs), which are known to have negative effects on both the environment and human health. VOCs can contribute to the formation of smog and air pollution, which can lead to respiratory problems and other health issues.
Additionally, they can also contribute to the greenhouse effect, which can lead to global climate change. The absence of VOCs in polyurethane adhesives makes them a safer and more sustainable alternative to traditional adhesives. As a result, polyurethane adhesives have become increasingly popular in industries that place a high value on environmental sustainability, such as packaging, construction, and furniture manufacturing.
US Polyurethane Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2026-2033
Global Market Size
USD 9.4 Billion
Largest Segment
Construction.
Fastest Growth
Automotive transportation.
Growth Rate
5.6% CAGR
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Global Polyurethane Adhesives Market is segmented by Type, Resin Type, Technology, Application and Region. Based on Type, the market is segmented into Solvent Based, 100% Solid, Water Based, Others. Based on Technology, the market is segmented into Reactive Technology, Hotmelt Technology, Others. Based on Resin Type, the market is segmented into Thermoset, Thermoplastic, Others. Based on Application, the market is segmented into Transportation, Construction, Woodworking, Footwear, Packaging, Others. Based on Region, the polyurethane adhesives market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
By application, the global polyurethane adhesives market is divided into many segments such as Transportation, construction, woodworking, footwear, packaging, and others. The construction segment is a major application segment in the polyurethane adhesives market, accounting for a significant share of the overall market. The demand for eco-friendly and high-performance adhesives in building materials, such as insulation panels, roofing systems, and flooring, is increasing, which has contributed to the growth of this segment. The use of polyurethane adhesives in construction also offers advantages such as high strength, durability, and resistance to weathering, which makes them a preferred choice for bonding and sealing applications.
On the other hand, the automotive and transportation segment is the fastest-growing application segment in the polyurethane adhesives market. This segment is expected to grow at a significant rate during the forecast period. The increasing demand for lightweight and high-performance adhesives for use in automotive manufacturing, including bonding of interior parts, exterior panels, and structural components, has contributed to the growth of this segment. polyurethane adhesives are preferred in this segment due to their ability to provide high bonding strength, durability, and flexibility, which is crucial in the manufacture of lightweight vehicles. Furthermore, the demand for eco-friendly adhesives in the automotive industry is also driving the growth of this segment.
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The global polyurethane adhesives market share is dominated by North America, followed by Europe and Asia Pacific. North America's leadership in the market can be attributed to the increasing demand for high-performance and eco-friendly adhesives in the construction and automotive industries. Europe also holds a significant share of the market, driven by the increasing demand for sustainable and low VOC-emitting adhesives.
However, the Asia Pacific region is expected to be the fastest growing market for polyurethane adhesives during the forecast period. This growth can be attributed to the rapid expansion of end-use industries such as automotive, construction, and electronics, particularly in emerging economies like India and China. The growth in this region is also attributed to the increasing emphasis on sustainable development and the implementation of stringent environmental regulations.
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Environmental Regulations are Boosting the Global Polyurethane Adhesives Market
Volatility Prices of Raw Materials to Hinder Market
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The polyurethane adhesives market is a highly competitive industry with numerous players operating in it. There is a diverse range of products, applications, and end-users in this market, and it includes major multinational corporations as well as smaller regional players offering niche products and services. Various factors such as product quality, pricing, innovation, customer service, and brand reputation shape the competitive landscape in the polyurethane adhesives market. Companies that can offer high-quality products at competitive prices while delivering excellent customer service are more likely to succeed in the market. Innovation is another critical factor in the polyurethane adhesives market, as companies that invest in research and development to create new and improved products that meet the changing needs of customers are more likely to gain a competitive advantage.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global Polyurethane Adhesives market analysis, we anticipate significant growth during the forecast period, owing to its numerous benefits. These benefits include high strength, durability, flexibility, fast curing versatility, and low emissions of volatile organic compounds. The rising environmental concerns have increased the demand for eco-friendly adhesives with low VOC emissions. Governments and regulatory bodies worldwide have implemented stringent environmental regulations, resulting in the adoption of adhesives with reduced VOC emissions that are less harmful to the environment.
However, the prices of raw materials used in the production of polyurethane adhesives are subject to fluctuations influenced by various factors such as changes in supply and demand, as well as geopolitical factors. These fluctuations can have a significant impact on the pricing and availability of polyurethane adhesives, making them less attractive to buyers. Considering the expected high growth rate and demand, the Polyurethane Adhesives market offers significant potential for new entrants to capitalize on the increasing demand for sustainable adhesives.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 9.93 Billion |
| Market size value in 2033 | USD 16.21 Billion |
| Growth Rate | 5.6% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Polyurethane Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polyurethane Adhesives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polyurethane Adhesives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polyurethane Adhesives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Polyurethane Adhesives Market was valued at USD 9.93 Billion in 2024 and is poised to grow from USD 10.48 Billion in 2025 to USD 16.21 Billion by 2033, growing at a CAGR of 5.6% during the forecast period (2026–2033).
The polyurethane adhesives market is a highly competitive industry with numerous players operating in it. There is a diverse range of products, applications, and end-users in this market, and it includes major multinational corporations as well as smaller regional players offering niche products and services. Various factors such as product quality, pricing, innovation, customer service, and brand reputation shape the competitive landscape in the polyurethane adhesives market. Companies that can offer high-quality products at competitive prices while delivering excellent customer service are more likely to succeed in the market. Innovation is another critical factor in the polyurethane adhesives market, as companies that invest in research and development to create new and improved products that meet the changing needs of customers are more likely to gain a competitive advantage. 'The 3M Company (United States) ', 'Dow Chemical Company (United States) ', 'BASF (Germany) ', 'Arkema S.A. (France) ', 'Ashland Inc. (United States) ', 'Henkel AG & Co. (Germany) ', 'Huntsman Corporation (United States) ', 'Pidilite Industries (India) ', 'American Biltrite Inc. (United States) ', 'Adhesives Research Inc. (United States) ', 'Chemence (United States) ', 'Ellsworth (United States) ', 'RPM International Inc. (United States) ', 'Beardow & Adams (Adhesives) Ltd. (United Kingdom) ', 'Scott Bader Company Ltd. (United Kingdom) ', 'Ninghai Dingcheng Adhesive Co Ltd. (China) ', 'Sika AG (Switzerland) ', 'Avery Dennison Corp (United States) ', 'ADCO Global Inc. (United States) ', 'Illinois Tool Works Inc. (United States)'
The growing concerns regarding the environment have led to a greater demand for adhesives that have low VOC emissions and are more eco-friendly. Governments and regulatory bodies around the world are enforcing stringent environmental regulations, which have led to the adoption of adhesives that have reduced VOC emissions and are less harmful to the environment. Polyurethane adhesives, which can be formulated with low VOC emissions, have become a popular choice for industries looking to meet these regulatory requirements. In addition to their low VOC emissions, they are also recyclable, which makes them an even more attractive choice for businesses that prioritize sustainability. As industries continue to face pressure to reduce their carbon footprint, the demand for environmentally friendly adhesives is expected to increase. Polyurethane adhesives offer an effective solution for industries that are looking to reduce their impact on the environment without compromising on the quality and performance of their products.
There is a trend towards the use of bio-based polyurethane adhesives in response to the increasing concern about environmental issues. These adhesives are manufactured using renewable sources such as vegetable oils or cornstarch. This shift towards bio-based polyurethane adhesives is driven by the need to reduce carbon footprint, minimize dependence on non-renewable resources, and meet the growing demand for eco-friendly products. Additionally, the development of bio-based polyurethane adhesives is supported by government initiatives promoting sustainability and the circular economy. Manufacturers are investing in research and development to improve the performance of bio-based adhesives, making them more competitive with conventional polyurethane adhesives in terms of strength, durability, and versatility. The increasing availability and affordability of bio-based raw materials are also contributing to the growth of this trend. As a result, the market for bio-based polyurethane adhesives is expected to grow significantly in the coming years.
The global polyurethane adhesives market share is dominated by North America, followed by Europe and Asia Pacific. North America's leadership in the market can be attributed to the increasing demand for high-performance and eco-friendly adhesives in the construction and automotive industries. Europe also holds a significant share of the market, driven by the increasing demand for sustainable and low VOC-emitting adhesives.
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