Global Polyurethane (PU) Adhesives Market by Resin Type, Technology, End-use Industry & Region - Forecast to 2024

/EIN News/ -- Dublin, Dec. 11, 2019 (GLOBE NEWSWIRE) -- The "Polyurethane Adhesives Market by Resin Type (Thermoset & Thermoplastic), Technology (Solvent-borne, 100% solids, Dispersion), End-use Industry (Automotive, Construction, Packaging, Footwear, Industrial, and Furniture), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The PU adhesives market is projected to grow from USD 7 billion in 2019 to USD 9.1 billion by 2024, at a CAGR of 5.6%, between 2019 and 2024.

The growth of end-use industries, such as building & construction, automotive & transportation, and packaging is driving the PU adhesives market. However, exposure risks and environmental concerns are expected to hamper the growth of the market.

The key companies profiled in this report are the Henkel AG & CO. KGAA (Germany), H.B. Fuller Company (US), 3M Company (US), Arkema S.A. (France), and Sika AG (Switzerland).

The dispersion technology is estimated to be the fastest-growing segment of the overall PU adhesives market during the forecast period

PU dispersions are viable alternatives to the conventional solvent-borne adhesives. Owing to the increasing governmental and environmental legislation to reduce the VOC emissions, the end-users are rapidly moving from solvent-borne adhesives to PU-dispersion adhesives. The PU dispersions adhere to several environmental regulations, such as ecolabels - M1, Blue Angel, and EMICODE.

The PU adhesives market in the automotive & transportation end-use industry is expected to witness the highest CAGR during the forecast period

PU adhesives cater to glazing applications for automotive, rail, and marine industries, among others. Along with the window glass, PU-based elastic adhesives cover a long list of applications, such as tail moulding, interior trims, roof panels, luggage compartment floor, front moulding, sidewall assembly, and deck assembly. This has aided vehicle manufacturers to use all types of lightweight materials without compromising on safety, functionality, or comfort. Adhesives continue to be an alternative to conventional fastening technologies to achieve robust assembly.

APAC PU adhesives market is projected to register the highest CAGR during the forecast period

The APAC PU adhesives market is segmented into China, Japan, India, Indonesia, and Rest of APAC. The APAC region is a lucrative market for PU adhesives, owing to the increasing demand from packaging industries and improving economic conditions. Product innovations, new research and development projects, and increasing demand from various end-use industries have also fueled the demand for PU adhesives in APAC.

Research Coverage

This report provides detailed segmentation of the PU adhesives market based on, resin type, technology, end-use industry, and region. Based on resin type, the PU adhesives market has been segmented into thermoset and thermoplastic. Based on technology, the market has been segmented into solvent-borne, 100% solids, and dispersion. Based on end-use industry, the market has been segmented into automotive & transportation, building & construction, packaging, footwear, industrial, and furniture & decoration. Based on the region, the market has been segmented into APAC, Europe, North America, South America, and the Middle East & Africa.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the PU Adhesives Market
4.2 PU Adhesives Market Growth, By Technology
4.3 APAC PU Adhesives Market, By End-Use Industry and Country
4.4 PU Adhesives, By Key Countries
4.5 PU Adhesives Market, Developed vs. Developing Countries
4.6 PU Adhesives Market: Growing Demand From APAC

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Usage in Vehicles Due to Properties Such as Weight Reduction and Increased Fuel Efficiency
5.2.1.2 High Demand in End-Use Industries in Developing Countries
5.2.1.3 Growing Demand for Customer-Friendly Packaging
5.2.2 Restraints
5.2.2.1 Exposure Risks and Environmental Concerns
5.2.3 Opportunities
5.2.3.1 Growing Development of Non-Hazardous, Green, and Sustainable PU Adhesives
5.2.3.2 Wide Usage in the Healthcare Industry
5.2.4 Challenges
5.2.4.1 Constantly Changing Rules and Standards
5.2.4.2 Trade Tension Between China and the Us
5.3 Porter's Five Forces Analysis
5.3.1 Intensity of Competitive Rivalry
5.3.2 Bargaining Power of Buyers
5.3.3 Bargaining Power of Suppliers
5.3.4 Threat of Substitutes
5.3.5 Threat of New Entrants
5.4 Macroeconomic Overview and Key Indicators
5.4.1 Global GDP Trends and Forecasts
5.4.2 Trends in the Construction Industry
5.4.3 Growth Indicators in the Automotive Industry
5.4.4 Trends in the Packaging Industry

6 PU Adhesives Market, By Resin Type
6.1 Introduction
6.2 Thermoset
6.2.1 Greater Load-Bearing CAPACity in Compression and Shear Drives the Demand for Thermoset Resins
6.3 Thermoplastic
6.3.1 Thermoplastic PU Adhesives are Preferred Due to Their Adjustable Sealing Temperatures and Custom Formulations

7 PU Adhesives Market, By Technology
7.1 Introduction
7.2 Solvent-Borne
7.2.1 Compatibility With Various Substrates Drives the Demand for Solvent-Borne PU Adhesives
7.3 100% Solids
7.3.1 Less Emission of Voc as Compared to Other Major Resins is Leading to A High Demand for 100% Solids
7.4 Dispersion
7.4.1 Increasing Governmental Regulations Regarding Voc Emissions are Likely to Boost PU Dispersion Adhesives Demand
7.5 Others

8 PU Adhesives Market, By End-Use Industry
8.1 Introduction
8.2 Automotive & Transportation
8.2.1 Rising Demand for Lightweight Vehicles is Boosting the Demand for PU Adhesives
8.3 Building & Construction
8.3.1 Increasing Requirement in the Residential Housing Market Globally for the New Construction, Renovation, Maintenance, and Repairs is Driving the Market
8.4 Packaging
8.4.1 Increased Use of Flexible Laminates in Food, Medical, and E-Commerce is Likely to Boost the Demand for Adhesives
8.5 Footwear
8.5.1 PU Adhesives are Preferred Due to Their Flexibility, Strength, and Durability to A Wide Variety of Substrates Used in the Footwear Industry
8.6 Industrial
8.6.1 PU Adhesives Used in Electronic Components are Non-Toxic and Eco-Friendly
8.7 Furniture & Decoration
8.7.1 Recovery in the Construction Industry Will Drive the Demand for Adhesives in the Woodworking End-Use Industry
8.8 Others

9 PU Adhesives Market, By Region
9.1 Introduction
9.2 APAC
9.2.1 China
9.2.1.1 China Accounted for the Largest Share of the PU Adhesives Market in APAC
9.2.2 India
9.2.2.1 Growing Infrastructural Activities Have Made India A Major Market
9.2.3 Japan
9.2.3.1 Japan is Witnessing Moderate Growth Due to the Maturity of the Adhesives Market
9.2.4 South Korea
9.2.4.1 Presence of Top Automotive Players Will Influence the PU Adhesives Market in South Korea
9.2.5 Taiwan
9.2.5.1 Sluggish Growth in the Construction Sector is Hampering the Market Growth
9.2.6 Thailand
9.2.6.1 Growing Automotive Sector is Contributing to the Growth of the PU Adhesives Market
9.2.7 Malaysia
9.2.7.1 Favorable Business Policies are Positively Impacting the PU Adhesives Market in Malaysia
9.2.8 Rest of APAC
9.3 Europe
9.3.1 Germany
9.3.1.1 Automotive & Transportation and Building & Construction Industries are Expected to Influence the Market Positively
9.3.2 France
9.3.2.1 New Projects in the Transportation Industry are Expected to Drive the Demand for PU Adhesives
9.3.3 UK
9.3.3.1 Automotive & Transportation is One of the Major End-Use Industries of PU Adhesives in the UK
9.3.4 Italy
9.3.4.1 The Growth in the Automotive Industry is Expected to Increase the Demand for PU Adhesives
9.3.5 Russia
9.3.5.1 High Production of Automotive is Driving the Market in the Country
9.3.6 Spain
9.3.6.1 Increasing Spending on Construction is Boosting the Growth of the Market
9.3.7 Rest of Europe
9.4 North America
9.4.1 US
9.4.1.1 Automotive & Transportation is the Fastest-Growing Industry in the Country
9.4.2 Mexico
9.4.2.1 Investments in Infrastructure, Energy, and Commercial Construction Projects Will Drive the PU Adhesives Market
9.4.3 Canada
9.4.3.1 The Construction Industry is Expected to Boost the PU Adhesives Market Growth
9.5 South America
9.5.1 Brazil
9.5.1.1 Brazil has Been the Largest PU Adhesives Market in South America
9.5.2 Argentina
9.5.2.1 High Dependency on Imports is Restraining the Market Growth
9.5.3 Colombia
9.5.3.1 The Automotive Industry is Expected to Impact the Demand for PU Adhesives in Colombia
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.1.1 Automotive & Transportation and Building & Construction Industries are Expected to Dominate the PU Adhesives Market
9.6.2 South Africa
9.6.2.1 Increasing Awareness About the Advantages of PU Adhesives Among Local Manufacturers is Expected to Drive the Demand
9.6.3 Rest of the Middle East & Africa

10 Competitive Landscape
10.1 Introduction
10.2 Competitive Leadership Mapping, 2018
10.2.1 Years Considered for the Study
10.2.2 Currency
10.2.3 Unit Considered
10.2.4 Stakeholders
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence
10.5 Competitive Scenario
10.5.1 Key Data From Secondary Sources
10.5.2 Primary Data
10.5.3 Key Data From Primary Sources
10.5.4 Key Industry Insights

11 Company Profiles
11.1 Henkel AG & CO. KGAA
11.2 H.B. Fuller Company
11.3 Dowdupont Inc.
11.4 Sika AG
11.5 3M
11.6 Huntsman Corporation
11.7 Arkema (Bostik)
11.8 Ashland Inc.
11.9 Illinois Tool Works Inc.
11.10 Jowat SE
11.11 Other Players

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