Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Polyurethane Adhesives Market Size

The global polyurethane adhesives market reached nearly USD 3.35 billion in 2023. The market is projected to grow at a CAGR of 6.3% between 2024 and 2032 to reach a value of around USD 5.80 billion by 2032.

 

Key Trends in the Market

Polyurethane adhesive refers to a type of reactive adhesive which contains multiple units of organic chains and is linked to urethane. This adhesive is typically brown in colour and offers resistance to heat, water, and several chemicals.

 

  • Due to their ability to bond various materials, polyurethane adhesives are widely utilised in the building and construction sector to build halls, industrial facilities, and commercial structures, among others. Hence, the thriving building and construction sector across developing and developed countries is a crucial polyurethane adhesives market trend.
  • Increasing application of polyurethane adhesives in the electrical and electronics sector to transmit electric current from one component to another is driving the market.
  • Polyurethane adhesive is also used to bond wooden materials, such as timber. In this regard, the increasing demand for aesthetic wooden furniture across the residential and commercial sectors is bolstering the polyurethane adhesives market growth.

 

Polyurethane Adhesives Market Report Snapshots

Polyurethane Adhesives Market Size

Polyurethane Adhesives Market Share

Polyurethane Adhesives Market Analysis

Polyurethane Adhesives Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market reached a value of nearly USD 3.35 billion in 2023.

The market is estimated to grow at a CAGR of 6.3% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 5.80 billion by 2032.

The wide utilisation of polyurethane adhesives in the building and construction sector, the increasing application of the product for manufacturing electronic products, and the increasing demand for aesthetic wooden furniture are the major drivers of the market.

The key trends in the market include increasing investments towards the construction of polyurethane adhesives manufacturing facilities across emerging economies and the thriving packaging sector.

Solvent borne, reactive, and dispersion hot melt, among others, are the different segments based on the technologies of the product.

Thermoset and thermoplastic are the significant types of polyurethane adhesives.

Akzo Nobel N.V., PPG Industries, Inc., Wacker Chemie AG, Dow Inc., 3M Co., Sika AG, H.B. Fuller Company, WEICON GmbH & Co. KG, Huntsman International LLC, and Parson Adhesives India Pvt . Ltd., among others, are the key market players.

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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

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