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Polyurethane Adhesives Market

During the forecast period of 2023-2035, the global polyurethane adhesives market is expected to reach an estimated value of ~USD 16 billion by 2035, by expanding at a CAGR of ~6%.

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Polyurethane Adhesives Market

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  1. Polyurethane Adhesives Market to Expand at a CAGR of ~6% Assessment for the Driving Factors, Size, Revenue, Segments, Expansion, Demand, and Opportunities During 2023-2035 Global Polyurethane Adhesives Market Key Insights During the forecast period of 2023-2035, the global polyurethane adhesives market is expected to reach an estimated value of ~USD 16 billion by 2035, by expanding at a CAGR of ~6%. The market further generated a revenue of ~USD 9 billion in the year 2022. Major key factors propelling the growth of the polyurethane adhesives market worldwide are the growing use of synthetic adhesives in several end-use sectors such as furniture, automotive, construction, and others. Besides this, its high degradation resistance and waterproof properties are some further key factors that are estimated to drive the market growth over the forecast period. Market Definition of Polyurethane Adhesives

  2. Polyurethane adhesives (PU adhesives) are a kind of thermoplastic glue or polymer that replicates organic chain units joined by urethane atoms. Owing to their unique features and the ability to modify them, polyurethane (PUR) systems among the most commonly used adhesives, sealants, and adhesive sealants. PUR systems are well acknowledged for the flexibility of their layers and connections. However, polyurethanes are also available in harder rigid formulations that are used largely as adhesives. They may be used manually or with the assistance of dispensing devices. Global Polyurethane Adhesives Market: Growth Drivers The growth of the global polyurethane adhesives market can majorly be attributed to the worldwide proliferation in the footwear industry, where polyurethane adhesives are highly used in the manufacturing of shoes. For instance, the global footwear industry's total revenues in 2020 exceeded USD 105 billion with a 20% yearly growth rate, and the market expanded by about 16% in 2021, with revenues heading to approximately USD 127 billion. On the other hand, the market growth can also be attributed to significant rise in the chemical industry throughout the world, which is also projected to drive the market growth. For instance, the overall global revenue of the chemical sector exceeded its highest point in 15 years in 2021, hitting roughly USD 4 trillion. The global polyurethane adhesives market is also estimated to grow majorly on account of the following: •Rising Use of Polyurethane Adhesives in the Production of Consumer Products •Worldwide Growing Packaging Industry

  3. •Escalating Use of Polyurethane in Furniture Sector •An Upsurge in Sealant and Coatings Industry Global Polyurethane Adhesives Market: Restraining Factor The cost of polyurethane is comparatively higher than the other substitutes of it and lower adoption of it among underprivileged countries which is estimated to lower its demand. Hence, this factor is expected to be the major hindrance for the growth of the global polyurethane adhesives market during the forecast period. Global Polyurethane Adhesives Market Segmentation •By Type (Thermoset, and Thermoplastic) The thermoplastic segment, amongst all the other segments, is anticipated to garner the largest revenue by the end of 2035. The growth of the segment can be attributed to the growing use of thermoplastic polyurethane adhesive in automotive industry to produce the automotive vehicles, along with automobile parts and components, coupled with increasing production of consumer products such as sports equipment, toys, food storage containers, and others. For instance, automobile manufacturers manufactured around 93 million vehicles globally in 2019, comprising nearly 68 million cars and around 24 million commercial vehicles.

  4. Request Report Sample: https://www.researchnester.com/sample-request- 3610 •By Technology (Solvent-borne, Solids, Dispersion, and Others) •By Application (Automotive & Transportation, Footwear, Building & Construction, Furniture, and Others •By Region The Asia Pacific polyurethane adhesives market is anticipated to hold the largest market share by the end of 2035 among the market in all the other regions owing to the rising demand for adhesive in various industries such as automotive, furniture, footwear, and so on. Besides this, the escalating construction industry in the region is another key factor which is estimated to boost the market growth. Since, numerous high-performance products that are highly durable and strong are made out of polyurethane are used in construction activities. For instance, Northeast Asia's construction activity grew by around 4.5% and reached USD 4.85 trillion in 2022, up from USD 4.60 trillion in 2021. The market research report on global polyurethane adhesives also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia- Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and

  5. Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). Key Market Players Featured in the Global Polyurethane Adhesives Market Some of the key players of the global polyurethane adhesives market are 3M, H.B. Fuller Company, Arkema Group, Henkel AG & Co. KGaA, Sika AG, Wacker Chemie AG, Akzo Nobel N.V., Lonza Group Ltd., TOYO INK MFG. CO., LTD., BASF SE, and others. About us : Research Nester, which is a leading service provider for strategic market research and consulting services, aims to provide unbiased, unparalleled market insights and industry analysis. These analyses help conglomerates, executives, and industries to take wise decisions for their businesses as well as for their future marketing strategy, expansion and investment among others. We believe that our expertise in the field of market research can help businesses to expand to its new horizon. Our team of research analysts can provide businesses a right guidance at the right time, while our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties. Contact for more Info: AJ Daniel Email: info@researchnester.com U.S. Phone: +1 646 586 9123 U.K. Phone: +44 203 608 5919

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