Polyurethane adhesives market is expected to register a substantial CAGR of 7.2% in the forecast period of 2020-2026.Adhesives are the substances that are used to bind materials and are used in almost all the industries. Polyurethane adhesives are the types of glues made of urethane polymers and are also known as elastic adhesives. The adhesives provide extraordinary elongation and elasticity to the products.
Polyurethane adhesives market research report can assist to keep a tab on the competitors. It is a good evaluation tool that can be of great use in comparative studies. Businesses can track company’s progress as well as the growth of competitors, by keeping an eye on them. It gets easy to devise business strategies that would keep the business ahead of the rivals. This market report can help minimize loss in the business. It not only helps in identifying new business opportunities, but also helps in designing marketing campaigns that will directly target the interest of potential consumers and help in increasing sales.
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Key Market Competitors:
Few of the major competitors currently working in global polyurethane adhesives market are 3M, Arkema., Ashland H.B. Fuller Company, Huntsman International LLC., Illinois Tool Works Inc., Scott Bader Company Ltd., Sika AG, Dow, Innovative Resin Systems, Inc., Princeton Keynes Group Inc., DUNBAR SALES CO INC., Master Bond, Inc., Adhesive & Equipment, Inc., American Polyfilm, Inc., among others.
Segmentation: Global Polyurethane Adhesives Market
- By Resin Technology (Solventborne, Reactive, Dispersion Hot Melt, Others)
- By Resin Type (Thermoset & Thermoplastic)
- By Application (Packaging, Building & Construction, Automotive, Footwear, Electrical & Electronics, Furniture, Others)
- By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)
Competitive Analysis:
Global polyurethane adhesives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Polyurethane adhesives for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers:
- Superior flexibility and durability provided by polyurethane adhesives rises the market demand in the construction industry
- Rising demand for polyurethane adhesives in automotive industry for ensuring fuel efficiency will also boost the market growth in the forecast period
- Increased usage of these adhesives in iron and steel industries due to high impact strength will drive the market growth
- Polyurethane adhesives are highly durable and provides low shrinkage, which fuels its demand in construction industry
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Market Restraints:
- Volatility in the petrochemical based raw material cost is another factor restricting this market growth
- High cost of polyurethane adhesives in comparison to other counterpart will also hamper the market growth
- The toxic fumes released through the polyurethane material also restrains the growth of the market
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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