Polyurethane Adhesives Market Expected to Grow Strong through 2027

Stratview Research, a global market research firm announces the release of the report titled – Polyurethane Adhesives Market which provides an in-depth analysis of the market dynamics, current and emerging trends, industry forecast, and competitive landscape.

Stratview Research has segmented the market By Product Type (Router-Based System, Portable System, And Sensor-Based System), By Deployment Type (Cloud And On-Premises), And By Region (North America [The USA, Canada, And Mexico], Europe [Germany, France, The UK, Russia, Italy, And Rest Of Europe], Asia-Pacific [China, Japan, India, South Korea, And Rest Of Asia-Pacific], And Rest Of The World [Brazil, Argentina, And Others]).

Polyurethane Adhesives Market is likely to witness an impressive CAGR of 5.7% during the forecast period.

Segment Analysis

By Technology Type

Based on the technology type, the market is segmented as solvent-borne, 100% solids, dispersion, and others. The solvent-borne segment is estimated to be dominant during the forecast period, owing to the presence of hydroxyl terminated polyurethane with a high molecular weight. It is easily available in grades and is suitable for different industrial and construction applications. On the other hand, dispersion is expected to grow at the fastest pace during the forecast period.

By Resin Type

Based on the resin type, the market is segmented as thermoset and thermoplastic. The thermoset segment is expected to dominate the market during the forecast period. The increasing use of thermoset resins is likely to drive the growth of the segment during the forecast period.

By End-Use Industry Type

Based on the end-use industry type, the market is segmented as automotive & transportation, building & construction, packaging, footwear, industrial, furniture & decoration, and others. The automotive & transportation segment is estimated to account for the major share of the market during the forecast period. Material is the key component of automobile interiors and it covers an exhaustive list of applications, such as tail molding, roof panels, interior trims, front molding, deck assembly, and sidewall assembly. In addition, polyurethane adhesives are fast replacing conventional fastening technologies to gain robust assembly.

By Region

In terms of regions, Asia-Pacific is estimated to dominate the market for polyurethane adhesives during the forecast period. The growth of the region’s market is driven by high demand for polyurethane adhesives from automotive & transportation and packaging industries along with the improving economic conditions in the emerging economies. China, India, Japan, Thailand, and South Korea are the growth engines of the Asia-Pacific region. North America and Europe are also likely to offer considerable growth opportunities during the forecast period.

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Key Players

  • AkzoNobel N.V.
  • BASF SE
  • Clariant AG
  • Croda International plc
  • Evonik Industries AG
  • Galaxy Surfactants
  • Huntsman Corporation
  • Kao Corporation
  • Oxiteno SA
  • Stepan Company

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