CHICAGO , Dec. 13, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this polyurethane adhesive market report.
The polyurethane adhesive market is expected to grow at a CAGR of over 6% during the period 2021−2027.
Most manufactures sell their products through offline distribution networks as it is the traditional way of distributing products to the market or end-users. Moreover, online channels help manufacturers to connect with consumers directly by cutting middlemen and increasing profitability. Manufacturers have an opportunity for forward integration and increasing their presence in new geographical regions.
Integrating polyurethane adhesive in vehicle manufacturing has helped manufacturers reduce their dependency on heavy and bulky bolts and rivets. Polyurethane adhesive helps to reduce weight and offers better durability thereby, fueling the growth of the market.
Silver-filled polyurethane adhesives are experiencing a jump in demand as many companies are focusing on using polyurethane as an electrically conductive adhesive. Silver-filled polyurethane adhesives are two-part adhesives. Therefore, they are either supplied pre-mixed and frozen or require mixing such as the snap-cure epoxies, which is expected to positively impact the growth of the polyurethane adhesive market across the globe.
During the ongoing trend of medical wearable devices, the adoption rate of these devices is booming in the global market. Several global technology companies entering the market to expand their product portfolio in the market. The user's skin generates moisture while wearing medical devices. Therefore, it is important to use adhesives that reduce moisture and ensure user safety. Polyurethane adhesives provide high moisture permeability and good adhesion.
Market Size & Forecast by Revenue | 2021−2027
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by component, resin type, distribution channel, application, technology, and geography
Competitive Landscape – 5 key vendors, and 20 other vendors are profiled in the report
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Polyurethane Adhesive Market – Opportunities Assessment
Companies are now concentrating on delivering environment-friendly polyurethane adhesives with low or no VOC content. To maintain a competitive edge, global players are focusing on developing innovative products and increasing their product portfolio by making large investments in R&D. Moreover, with the increasing demand for water-based adhesives, especially in the European region, growth opportunities are expected to grow in the water-based polyurethane adhesive market. The growing adoption of electric vehicles will enable the automobile sector to continue to be a key market for vendors of polyurethane adhesives. The construction industry is expected to surge the demand of the market in the upcoming years. During the ongoing pandemic large vaccination drives and lifting of lockdown relaxations have amplified the growth of the automotive sector, which, in turn, will boost the demand for polyurethane adhesives in the automotive and transport industry.
Polyurethane Adhesive Market by Components
Polyurethane Adhesive Market by Resin Type
Polyurethane Adhesive Market by Distribution Channel
Polyurethane Adhesive Market by Application
Polyurethane Adhesive Market by Technology
Polyurethane Adhesive Market by Geography
Key Drivers and Trends fueling Market Growth:
Increasing Relevance of Electrically Conductive Polyurethane Adhesive
Bio-Based Polyols in Polyurethane Adhesive
Polyurethane Adhesive Derived from Castor Oil
Suitable for Pressure Sensitive Adhesives
Increasing Use of Hot Melt Adhesives
Increasing Use of Polyurethane Adhesives in Packaging Industry
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SOURCE Arizton Advisory & Intelligence
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