Polyurethane Adhesives Market worth 9.38 Billion USD by 2021
The report "Polyurethane Adhesives Market
by Technology (Solventborne, Reactive, Dispersion, and Hot Melt), Type
(Thermoset & Thermoplastic), Application (Building & Construction,
Packaging, Automotive, Footwear, Electrical & Electronics, and Furniture) -
Global Forecast to 2021", The market size of polyurethane (PU) adhesives
is estimated to reach USD 9.38 Billion by 2021, registering a CAGR of 6.8%
between 2016 and 2021.
Growth in the building & construction industry of Europe
and North America, increased usage of these adhesives in vehicles for ensuring
lightweight and fuel efficiency, and emerging demand from the developing
countries of Asia-Pacific and the Middle East & Africa drive the market.
Browse 123 market data Tables and 54 Figures spread through
200 Pages and in-depth TOC on "Polyurethane
Adhesives Market - Global Forecast to 2021"
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Building &
construction: The most dominant application segment in the PU adhesives market
Building & construction application dominates the market
and occupies the highest share in the PU adhesives market. The main market for
building & construction includes the U.S., Germany, China, Japan, South
Korea, and India. Application of PU adhesives has increased due to the rapidly
growing construction industry and high demand from customers. A
single-component PU adhesive used for adhesive bonds is environmentally safe,
not harmful to health, and invisible.
Thermoplastic: The
fastest-growing type segment of the PU adhesives market
The thermoplastic segment is growing at a faster rate than
thermoset PU adhesives, in terms of value and volume. Thermoplastic PU
adhesives are the benchmark products that are being increasingly used for their
adjustable sealing temperature; adhesion to substrates such as leather, wood,
metals, rigid and plasticized PVC, and rubbers; formulation versatility; and
high hot tack properties. It is widely used for structural and load bearing
applications. However, these adhesives are more expensive.
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Key market players in
the PU adhesives market
The key players in this market are 3M (U.S.), Arkema S.A.
(France), Ashland Inc. (U.S.), H.B. Fuller (U.S.), Henkel AG & Co.
(Germany), Huntsman Corporation (U.S.), Illinois Tool Works Inc. (U.S.), Scott
Bader Company Ltd. (U.K.), Sika AG (Switzerland), and The Dow Chemical Company
(U.S.).
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