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Chicago, December 7, 2021/PRNewswire/-This global polyurethane adhesive market report contains in-depth analysis and data-driven insights on the impact of COVID-19.
During the period of 2021-2027, the polyurethane adhesive market is expected to grow at a compound annual growth rate of more than 6.14%.
The main highlights provided in the report:
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Polyurethane Adhesives Market-Segmentation
Polyurethane adhesive market composition
Polyurethane adhesive market by resin type
Polyurethane adhesive market by distribution channel
Application of polyurethane adhesive market
Polyurethane adhesive market by technology
Polyurethane adhesive market-dynamic
Manufacturers are turning to bio-based coatings, sealants and adhesives to improve durability and reduce reliance on rare raw materials. Bio-based raw materials not only reduce the carbon footprint of the product, but also improve the performance and versatility of the product. Polyurethane adhesives are derived from isocyanates and polyols. Typical polyols include polyesters (such as adipates) or polyethers (such as PTMEG). The properties of the adhesive are highly dependent on the properties of the polyol used. Polyether polyurethane adhesives are susceptible to ultraviolet radiation, while polyester polyurethane adhesives may be hydrolyzed. Bio-based priplast polyols are carbon polyols that are highly renewable and hydrophobic. These polyols are widely used in moisture curing adhesives, hot melt adhesives and thermoplastic polyurethane adhesives.
The main driving factors and trends driving market growth:
Polyurethane adhesive market-geography
The construction, automotive and packaging industries are the main market growth drivers in the Asia-Pacific region. China has always been the main market in the Asia-Pacific region, followed by Japan. The healthy growth of the construction, packaging, automotive, and healthcare industries in these countries is driving the growth of the regional adhesives and sealants market. The growing population and disposable incomes of China, India and Indonesia have driven the growth of housing in the Asia-Pacific region, which has further boosted the demand for polyurethane adhesives in the construction industry. After the outbreak of the COVID-19 pandemic, the e-commerce packaging market has seen significant growth as many stores are closed due to lockdowns and travel restrictions. During this period, the sales of pharmaceuticals and other health products and food and beverage products on Internet shopping portals have increased.
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Polyurethane adhesive market by region
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