The global Polyurethane Adhesives market was valued at USD 6.81 billion in 2016 and is projected to reach USD 12.11 billion by 2025, growing at a CAGR of 6.60% from 2017 to 2025.
The ability of polyurethane adhesives to glue a wide variety of substrates is increasing its market demand in end-use applications. It can also sustain varying temperatures. The increasing application in automotive and infrastructure industry is expected to play a pivotal role in influencing future demand.
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1. Market Drivers
1.1 Increasing demand from the packaging industry
1.2 Rise in automotive production in developing countries
2. Market Restraints
2.1 Raw material price volatility
2.2 Stringent regulation regarding VOC content
The global Polyurethane Adhesivesmarket is segmented on the resin type, technology, application, and region.
1. By Resin Type:
2. By Technology:
2.2 Solvent Borne
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3. By Application:
3.2 Building and Construction
3.3 Decorations and Furniture
3.4 Automotive and Transportation
3.5 Electronics and Electricals
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
4. H.B. Fuller
5. Henkel AG
6. Huntsman Corporation
7. Illinois Tool Works Inc.
8. Scott Bader Company Ltd.
9. Sika AG
10. DOW Chemical Company
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.