polyurethane adhesives market growth outlook with industry review and forecast 2019-2025

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Polyurethane Adhesives Market Outlook with
Industry Review and Forecast 2019-2025
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Global Market Scenario of Polyurethane Adhesives
Industry

• 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.

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• Regional Trends-
• Asia-Pacific led by China, Thailand, Malaysia,
  South Korea, Japan and India polyurethane
  adhesives market size may grow significantly over
  the foreseeable timeframe. Increasing application
  scope in footwear, construction, transportation
  and packaging may drive regional growth.
• Global transportation market size was valued at
  over USD 4.5 trillion in 2016 owing to government
  spending in road infrastructure along with rapid
  urbanization may stimulate industry growth.
  Indonesia and Thailand are the major automobile
  manufacturing hub which has create new
  opportunities for various manufacturers and may
  excel PU adhesives market demand in the region.
• 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.

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• Competitive Trends
• 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.

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