What is the present valuation and projected CAGR of the polyurethane adhesives market?
The polyurethane adhesives market size has grown strongly in recent years. It will grow from $10.33 billion in 2024 to $11.11 billion in 2025 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to growth in automotive production, expansion in the construction industry, advancements in packaging, increased demand for consumer electronics, increased demand for consumer electronics, and rising furniture production.
The polyurethane adhesives market size is expected to see strong growth in the next few years. It will grow to $14.64 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to growth in electric vehicles, rising use of eco-friendly adhesives in green building projects, expansion of renewable energy projects, rising demand for smart devices, and increased adoption in the aerospace industry. Major trends in the forecast period include rising adoption of solvent-free formulations, increased use in lightweight materials, advancements in fast-curing adhesives, expansion in 3d printing applications, and increasing need for customized polyurethane adhesive solutions.
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What key drivers have fueled the polyurethane adhesives market’s development over the years?
The growth in the construction industry is expected to propel the growth of the polyurethane adhesives market going forward. The construction industry refers to the sector responsible for the planning, designing, and building infrastructure and residential, commercial, and industrial structures. The growth in the construction industry refers to increasing demand for infrastructure development, urbanization, and investments in residential, commercial, and industrial projects. Polyurethane adhesives in the construction industry are used for their strong bonding, flexibility, and resistance to moisture, making them ideal for sealing, joining, and bonding materials such as wood, concrete, and metal. For instance, in August 2024, according to the Australian Bureau of Statistics, an Australia-based government agency, in June 2024, building work reached $33,815.0 million, up from $32,443.2 million in June 2022. Therefore, the growth in the construction industry is driving the development of the polyurethane adhesives market.
What is the segmentation for the polyurethane adhesives market?
The polyurethane adhesivesmarket covered in this report is segmented –
1) By Product Type: Thermoset, Thermoplastic
2) By Technology: Solvent-Borne, Dispersion, Hot-Melt, Reactive, Other Technologies
3) By Applications: Footwear, Automotive, Building And Construction, Packaging, Electrical And Electronics, Furniture, Other Applications
Subsegments:
1) By Thermoset: Moisture-Cured Polyurethane Adhesives, Two-Component Polyurethane Adhesives, One-Component Polyurethane Adhesives
2) By Thermoplastic: Hot Melt Polyurethane Adhesives, Solvent-Based Polyurethane Adhesives, Water-Based Polyurethane Adhesives
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Who are the most influential companies in the polyurethane adhesives market?
Major companies operating in the polyurethane adhesives market are BASF SE, Dow Inc., 3M Company, Henkel AG & Co. KGaA, Covestro AG, ITW Performance Polymers, Parker Hannifin, Arkema S.A., Sika AG, Eastman Chemical Company, Wacker Chemie AG, Avery Dennison Corporation, RPM International Inc., H.B. Fuller Company, Mapei S.p.A., Huntsman Corporation, Pidilite Industries Limited, Shawcor Ltd., FLEXcon Company Inc., Delo Industrial Adhesives GmbH & Co.KG, Franklin International, Soudal N.V., Permabond LLC
What are the top industry trends projected to impact the polyurethane adhesives market?
Major companies operating in the polyurethane adhesives market are focusing on developing innovative solutions, such as elastic adhesives, to meet recent automotive performance requirements. Elastic adhesives refer to flexible bonding agents that can stretch and return to their original shape without losing adhesion, making them ideal for applications requiring movement and impact resistance. For instance, in November 2022, Henkel AG & Co. KGaA, a Germany-based chemical company, launched the elastic adhesive Loctite UK 2073-2173. Loctite UK 2073-2173 features high flexibility and exceptional impact resistance, making it ideal for dynamic and challenging bonding applications. It offers strong adhesion to various substrates while maintaining its performance under stress and movement.
What are the major regional insights for the polyurethane adhesives market, and which region holds the top position?
North America was the largest region in the polyurethane adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the polyurethane adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Polyurethane Adhesives Market Report 2025 Offer?
The polyurethane adhesives market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Polyurethane adhesives are a type of synthetic adhesive known for their strong bonding capabilities and flexibility. They are formed by the chemical reaction between a polyol and an isocyanate, producing a highly durable adhesive. Polyurethane adhesives also offer excellent elasticity and impact resistance, making them suitable for both structural and non-structural applications.
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