Jun 16,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Polyurethane Adhesives Market.
It was estimated prior to this unanticipated outbreak that the Polyurethane Adhesives Market was expected to grow at a CAGR of 5.7% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
Polyurethane Adhesives are sticky and help in sticking the material together. They are waterproof and reflect the ability to set in high moisture condition and require no mixing or measuring.
Polyurethane Adhesives are applied to make the bond strong and are suitable for outdoor projects. Polyurethane has good UV resistance. It does not contain solvent and can be sanded, painted, and stained.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the technology type, the market is segmented as solvent-borne, 100% solids, dispersion, and others. The solvent-borne segment is estimated to be dominant during the forecast period, owing to the presence of hydroxyl terminated polyurethane with a high molecular weight. It is easily available in grades and is suitable for different industrial and construction applications. On the other hand, dispersion is expected to grow at the fastest pace during the forecast period.
Based on the resin type, the market is segmented as thermoset and thermoplastic. The thermoset segment is expected to dominate the market during the forecast period. The increasing use of thermoset resins is likely to drive the growth of the segment during the forecast period.
Based on the end-use industry type, the market is segmented as automotive & transportation, building & construction, packaging, footwear, industrial, furniture & decoration, and others. The automotive & transportation segment is estimated to account for the major share of the market during the forecast period. Material is the key component of automobile interiors and it covers an exhaustive list of applications, such as tail molding, roof panels, interior trims, front molding, deck assembly, and sidewall assembly. In addition, polyurethane adhesives are fast replacing conventional fastening technologies to gain robust assembly.
In terms of regions, Asia-Pacific is estimated to dominate the market for polyurethane adhesives during the forecast period. The growth of the region’s market is driven by high demand for polyurethane adhesives from automotive & transportation and packaging industries along with the improving economic conditions in the emerging economies. China, India, Japan, Thailand, and South Korea are the growth engines of the Asia-Pacific region. North America and Europe are also likely to offer considerable growth opportunities during the forecast period.
Key Players:
Some of the major players in the polyurethane adhesives market are-
- Sika AG
- Jowat SE
- Arkema S.A.
- Ashland Inc.
- LORD Corporation
- DowDuPont Inc.
- Franklin International.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Polyurethane Adhesives Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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