Global Polyurethane Adhesives Market Size Study, by Resin Type, Technology, End-Use Industry, and Regional Forecasts 2022-2032

Description

The Global Polyurethane Adhesives Market, valued at approximately USD 8.51 billion in 2023, is poised for steady expansion with a compound annual growth rate (CAGR) of 5.00% during the forecast period from 2024 to 2032. Polyurethane adhesives are known for their outstanding versatility, combining high strength, flexibility, and resistance to temperature and chemicals. These characteristics make them indispensable across various applications, including automotive, construction, and packaging, where reliability and performance are paramount.

The market's growth is driven by the increasing demand for lightweight and durable materials, particularly in the automotive and construction industries. The shift towards solvent-free and eco-friendly adhesive formulations aligns with rising environmental regulations, further boosting adoption. Innovations in thermoplastic and thermoset polyurethane adhesive technologies are enabling tailored solutions for diverse end-use industries. The continued adoption of 100% solids and dispersion technologies highlights the market's focus on efficiency and reduced environmental impact.

Strategic collaborations and product innovations are at the forefront of market advancements, with key players investing significantly in R&D to address evolving consumer demands. Challenges such as fluctuating raw material prices and compliance with stringent environmental standards pose potential hurdles. However, opportunities abound in emerging markets, driven by rapid industrialization and infrastructure development, as well as the growing emphasis on sustainable and high-performance materials.

Regionally, North America dominates the polyurethane adhesives market, supported by robust automotive and construction sectors. Europe follows closely, propelled by advancements in adhesive technology and a strong manufacturing base. The Asia-Pacific region is anticipated to witness the fastest growth, fueled by expanding industries in China, India, and Southeast Asia. Latin America and the Middle East & Africa are also emerging as significant markets, driven by increasing industrial activities and rising investments in infrastructure.

Major Market Players Included in This Report Are:

BASF SE
Henkel AG & Co. KGaA
Arkema S.A.
H.B. Fuller Company
3M Company
Sika AG
Huntsman Corporation
The Dow Chemical Company
Ashland Global Holdings Inc.
Covestro AG
Avery Dennison Corporation
Wacker Chemie AG
LORD Corporation
Pidilite Industries Limited
Eastman Chemical Company

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Resin Type:

Thermoset
Thermoplastic

By Technology:

Solvent-Borne
100% Solids
Dispersion

By End-Use Industry:

Automotive
Construction
Packaging
Footwear
Industrial
Furniture

By Region: North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia Pacific

Latin America:

Brazil
Mexico
Rest of Latin America

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years Considered for the Study Are as Follows:

Historical Year - 2022
Base Year - 2023
Forecast Period - 2024 to 2032

Key Takeaways:

Market estimates and forecasts for a decade with detailed segmentation analysis.
Granular insights into regional trends and growth drivers.
Examination of competitive strategies and profiles of leading market players.
Actionable recommendations for stakeholders to capitalize on market opportunities.
A comprehensive understanding of demand-side and supply-side dynamics influencing the plastic container market.

Chapter 1. Global Polyurethane Adhesives Market Executive Summary

1.1. Global Polyurethane Adhesives Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Resin Type
- 1.3.2. By Technology
- 1.3.3. By End-Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Polyurethane Adhesives Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Polyurethane Adhesives Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Demand for Lightweight and Durable Materials
- 3.1.2. Shift Towards Solvent-Free and Eco-Friendly Formulations
- 3.1.3. Innovations in Thermoplastic and Thermoset Technologies
3.2. Market Challenges
- 3.2.1. Fluctuating Raw Material Prices
- 3.2.2. Compliance with Stringent Environmental Standards
3.3. Market Opportunities
- 3.3.1. Rising Demand in Emerging Economies
- 3.3.2. Innovations for Reducing Environmental Footprints
- 3.3.3. Expansion into Niche Applications

Chapter 4. Global Polyurethane Adhesives Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Polyurethane Adhesives Market Size & Forecasts by Resin Type 2022-2032

5.1. Segment Dashboard
5.2. Global Polyurethane Adhesives Market: Resin Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Thermoset
- 5.2.2. Thermoplastic

Chapter 6. Global Polyurethane Adhesives Market Size & Forecasts by Technology 2022-2032

6.1. Segment Dashboard
6.2. Global Polyurethane Adhesives Market: Technology Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Solvent-Borne
- 6.2.2. 100% Solids
- 6.2.3. Dispersion

Chapter 7. Global Polyurethane Adhesives Market Size & Forecasts by End-Use Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Polyurethane Adhesives Market: End-Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Automotive
- 7.2.2. Construction
- 7.2.3. Packaging
- 7.2.4. Footwear
- 7.2.5. Industrial
- 7.2.6. Furniture

Chapter 8. Global Polyurethane Adhesives Market Size & Forecasts by Region 2022-2032

8.1. North America Polyurethane Adhesives Market
- 8.1.1. U.S. Polyurethane Adhesives Market
  - 8.1.1.1. Resin Type Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.2. Technology Breakdown Size & Forecasts, 2022-2032
  - 8.1.1.3. End-Use Industry Breakdown Size & Forecasts, 2022-2032
- 8.1.2. Canada Polyurethane Adhesives Market
8.2. Europe Polyurethane Adhesives Market
- 8.2.1. UK Polyurethane Adhesives Market
- 8.2.2. Germany Polyurethane Adhesives Market
- 8.2.3. France Polyurethane Adhesives Market
- 8.2.4. Spain Polyurethane Adhesives Market
- 8.2.5. Italy Polyurethane Adhesives Market
- 8.2.6. Rest of Europe Polyurethane Adhesives Market
8.3. Asia Pacific Polyurethane Adhesives Market
- 8.3.1. China Polyurethane Adhesives Market
- 8.3.2. India Polyurethane Adhesives Market
- 8.3.3. Japan Polyurethane Adhesives Market
- 8.3.4. Australia Polyurethane Adhesives Market
- 8.3.5. South Korea Polyurethane Adhesives Market
- 8.3.6. Rest of Asia Pacific Polyurethane Adhesives Market
8.4. Latin America Polyurethane Adhesives Market
- 8.4.1. Brazil Polyurethane Adhesives Market
- 8.4.2. Mexico Polyurethane Adhesives Market
- 8.4.3. Rest of Latin America Polyurethane Adhesives Market
8.5. Middle East & Africa Polyurethane Adhesives Market
- 8.5.1. Saudi Arabia Polyurethane Adhesives Market
- 8.5.2. South Africa Polyurethane Adhesives Market
- 8.5.3. Rest of Middle East & Africa Polyurethane Adhesives Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. BASF SE
- 9.1.2. Henkel AG & Co. KGaA
- 9.1.3. Arkema S.A.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. BASF SE
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Henkel AG & Co. KGaA
- 9.3.3. Arkema S.A.
- 9.3.4. H.B. Fuller Company
- 9.3.5. 3M Company
- 9.3.6. Sika AG
- 9.3.7. Huntsman Corporation
- 9.3.8. The Dow Chemical Company
- 9.3.9. Ashland Global Holdings Inc.
- 9.3.10. Covestro AG
- 9.3.11. Avery Dennison Corporation
- 9.3.12. Wacker Chemie AG
- 9.3.13. LORD Corporation
- 9.3.14. Pidilite Industries Limited
- 9.3.15. Eastman Chemical Company

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes