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Polyurethane Adhesives Market Set for Continued Growth by 2024

Author : Rahul Varpe | Published Date : 2019-03-27 

Polyurethane adhesives market from packaging applications may witness significant gains over the forecast timeframe. It is widely used as tubes, squeeze package and single usage packages owing to good UV resistance and ability to set in high moisture conditions is likely to stimulate industry growth. Global packaging market size may register gains at over 5% by 2024 due to increasing consumer demand in the sector.

North America driven by Canada, and the U.S polyurethane adhesives market should register significant gains owing to increase in automotive and construction sectors. Increasing infrastructure spending accompanied with favourable government schemes should drive industry growth in the region. Stringent government regulations related to vehicle efficiency in order to curb carbon emission should propel regional industry growth.

Polyurethane Adhesives Market size is likely to witness steady gains over the foreseeable timeframe owing to its increasing demand from various building & construction, packaging, electronic & electrical, automotive, furniture, and footwear industries. PU adhesives are capable of binding various porous and non-porous materials such as rubber, wood, metals, glass and plastics.

To access the table of contents or view the Polyurethane Adhesives Market report in detail, please click the link below: www.gminsights.com/request-toc/upcoming/2257

PU adhesives market size from thermoplastic segment may witness an uptrend over the forecast timeframe. Increasing benefits of thermoplastics in adhesion to various difficult substrates such as rubber, wood and plastics along with their adjustive sealing temperatures, hot tack, and formation versatility will drive polyurethane adhesives market demand. Thermoplastic are hot melt adhesives providing strong bond between surfaces and gains strength on cooling.

Strong application outlook in electrical & electronics industry is likely to stimulate polyurethane adhesives market size. It is used in the packaging of electronic devices thereby ensuring long term reliability and potting sensitive electronic components. Moreover, PU adhesives are highly elastic and stable against humidity and temperature coupled with excellent dielectric characteristics.

Global consumer electronics industry was valued at over USD 1.5 trillion in 2016 and is expected to surpass USD 3 trillion by 2024. Increasing internet penetration, improving standard of living and rising disposable income may lead for technically advanced smartphones, laptops, tablets, personal care devices, digital cameras and audio players demand, thereby boosting industry growth. 

Europe polyurethane adhesives market size, led by UK, France, and Germany may register significant gains over the forecast period. Major automobile companies such as Mercedes, BMW and Audi are based in Europe which is likely to have a positive affect the regional product demand. Rapid industrialization and urbanization coupled with stringent government regulations will fuel the PU adhesives market size.

Global polyurethane adhesives market share is moderately consolidated and competitive with major companies including H.B. Fuller, Huntsman Corporation, Ashland, The Dow Chemical Company, 3M, Sika AG, Arkema, Scott Bader Company, Henkel AG & Company and Illinois Tool Works. Most of the manufacturers are supplying raw materials and forming partnerships in order to enhance product portfolio and expand business.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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