Polyurethane Adhesives and Sealants - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Polyurethane Adhesives and Sealants Market is expected to grow at a CAGR of 7.0% during the forecast period. Increasing applications in various end-user industries and high demand from the construction industry are propelling market growth. However, volatility in availability and price of raw material is hampering the market growth.
Polyurethane adhesives are those glues that are made of urethane polymers with chemical-based of isocyanate group. Polyurethane adhesives and sealants offer strong bonding and tight seals in a variety of applications. Polyurethane adhesives offer the advantage of the quick development of "green strength," where the adhesive provides an early bond before fully curing. Polyurethane sealants provide excellent stress recovery to retain shape after being bent or pulled, fast curing rates and even adherence to non-primed concrete.
Based on the application, the building & construction segment is going to have a lucrative growth during the forecast period as PU adhesives and sealants have rapid curing and low strength properties, making it an excellent choice for woodworking and other construction applications. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the rise of customized packaging, increased demand for packaged consumerist goods, in the food segment.
Some of the key players profiled in the Polyurethane Adhesives and Sealants Market include Wacker Chemie AG, Sika AG, Master Bond, Ashland, LORD Corporation, ITW Performance Polymers, Huntsman International LLC, Dymax Corporation, Henkel AG & Co. KGaA, Arkema Group (Bostik SA), Franklin International, Dow, Avery Dennison Corporation, Hexcel Corporation, 3M, MAPEI SpA, and H.B. Fuller Company.
• Water Based
• Solvent Based
• Footwear and Leather
• Electrical and Electronics
• Building & Construction
• Wood Processing
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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