The pur hot-melt adhesives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
PUR Hot-Melt Adhesives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The PUR hot-melt adhesives market size has grown strongly in recent years. It will grow from $5.04 billion in 2023 to $5.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to growth in the packaging industry, increasing demand for durable and high-performance adhesives, growth in the consumer goods sector, increasing investment in research and development, and growth in e-commerce.
The PUR hot-melt adhesives market size is expected to see strong growth in the next few years. It will grow to $7.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to the growing demand for environment-friendly adhesives, increasing demand for PUR holt-melt adhesives in the automotive, increasing demand for PUR holt-melt adhesives in the automotive, increasing demand for PUR holt-melt adhesives in the automotive, and increasing use of solvent-based adhesives. Major trends in the forecast period include technological advancements, eco-friendly adhesives, multi-functional adhesives, smart technologies, and water-based adhesives.
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Scope Of PUR Hot-Melt Adhesives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
PUR Hot-Melt Adhesives Market Overview
Market Drivers –
The rising construction activities are expected to propel the growth of the PUR hot-melt adhesives market going forward. The construction industry encompasses a wide range of activities related to the planning, design, construction, maintenance, and operation of physical structures and infrastructure. The increasing demand from the construction industry is due to several factors, such as urbanization and infrastructure development, sustainability and green construction, reconstruction, and renovation projects. PUR hot melt adhesives are used in construction for their strong, durable bonds that withstand structural stress and environmental conditions, ensuring long-lasting performance. For instance, in September 2024, according to the US Census Bureau, a US-based government agency, construction spending was estimated at a seasonally adjusted annual rate of $2,162.7 billion in July 2024, representing a 6.7% increase (±1.8%) from the $2,027.4 billion spent in July 2023. Therefore, the rising construction activities are driving the growth of the PUR hot-melt adhesives market.
Market Trends –
Major companies operating in the PUR hot-melt adhesives market are developing technologically advanced solutions, such as woodworking adhesive solutions, to offer strong, durable bonds that enhance the structural integrity and longevity of wood products. Woodworking adhesive solutions are specialized bonding agents designed to securely join wood and wood-based materials in furniture, cabinetry, and other woodcraft applications. For instance, in May 2022, Bostik, a France-based adhesive manufacturing company, launched the SG6518 and SG6520 as part of its Supergrip adhesive solutions line. Supergrip SG6518 and SG6520 are advanced hot melt polyurethane reactive (HMPUR) adhesives created for edge banding in woodworking. These innovative adhesives provide exceptional bonding strength and sealing performance, ensuring superior durability for finished products. Their water resistance and ability to adhere to various substrates make them suitable for use in high-moisture environments, improving the quality and longevity of woodworking applications.
The PUR hot-melt adhesives market covered in this report is segmented –
1) By Type: Non-Reactive PUR Hot Melt Adhesives, Reactive PUR Hot Melt Adhesives
2) By Form: Thermosetting, Thermoplastic
3) By Application: Automotive, Electronics, Construction, Textile, Bookbinding, Furniture, Edge Banding, Wood Working, Footwear, Other Applications
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Regional Insights –
Asia-Pacific was the largest region in the PUR hot-melt adhesives market in 2023 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the PUR hot-melt adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the PUR hot-melt adhesives market are The Dow Chemical Company, 3M Company, Henkel AG & Co. KGaA, Covestro AG, Evonik Industries AG, Sika AG, DIC Corporation, Wacker Chemie AG, H.B. Fuller Company, Bostik SA, Pidilite Industries Limited, R.S. Hughes Company Inc., Franklin International Inc., Huntsman Corporation, Kleiberit Klebstoffe GmbH & Co. KG, Beardow Adams Ltd., Daubert Chemical Company Inc., Infinity Bond, Jowat SE, Titebond, SABA Adhesives & Sealants, TEX Year Fine Chemicals Co. Ltd.
Table of Contents
1. Executive Summary
2. PUR Hot-Melt Adhesives Market Report Structure
3. PUR Hot-Melt Adhesives Market Trends And Strategies
4. PUR Hot-Melt Adhesives Market – Macro Economic Scenario
5. PUR Hot-Melt Adhesives Market Size And Growth
…..
27. PUR Hot-Melt Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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