Adhesive is the substance implemented on to special surfaces to bind them collectively. Use of adhesives has eliminated the demand for welded parts, rivets, and other mechanical elements in many device. The incorporation of polyurethane adhesives facilitates to lessen the general production cost.
Manufacturers were using polyurethane adhesives because of superior product overall performance, advanced product life, and reliability. Polyurethane adhesives are used in a couple of industries including creation, electronics, footwear, fixtures, car, packaging, and so forth.
Nowadays, vehicles contain greater of plastic elements over mechanical fasteners. Use of polyurethane adhesive makes automobile elements light in weight and consequently complements the gasoline efficiency. In automobile area, the consumption of polyurethane based totally adhesives is significantly growing.
Polyurethane adhesives are nicely regular in lots of stop-use packages, seeing that they provide top notch adhesion to exceptional substrates and binds them without delay. Polyurethane based adhesives are preferred over other adhesives due to fast curing.
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The call for for polyurethane adhesives is driven by using boom in automotive and building & production enterprise. Thermoplastic polyurethane adhesives are widely used for distinctive applications because it offers more suitable flexibility and progressed adhesion.
However, thermoplastic polyurethane based totally adhesives are dearer. Rising demand for housing and authorities spending on infrastructure in China and India boosts the demand for Polyurethane adhesives. Business development and growing call for of customers for packaging, automobile, and electronics in phrases of adhesives is predicted to drive polyurethane adhesives market over the forecast period of 2016-2026.
Polyurethane Adhesives Market: Market Dynamics
Demand for polyurethane adhesives from end-use industries such as footwear, automotive, building & construction, packaging, and electronics has significantly increased over the past few years. The key driver of polyurethane adhesives market is the rapidly growing construction and renovation activities.
There is significant growth in the building & construction industry of India, China, and Brazil, which results in propelling the demand for polyurethane adhesives. Increasing government expenditure on construction and growing economy are anticipated to boost the demand for Polyurethane adhesive market over the next few years in these countries.
Growth of automotive industry due to rise in production of passenger and commercial vehicles with increasing demand for light weight components has impelled the demand for polyurethane adhesives. In Asia-Pacific region, significant automotive growth is observed in the past few years due to economic growth and rise in disposable income.
The demand for automotive is likely to continue in next few decades in this region and thus drive the demand for polyurethane adhesives over the forecast period.
Rising income, change in life style, consumer preference, and improving standard of living fuels the demand for electronics appliances, which in turn boosts the demand for polyurethane adhesives market. Asia-Pacific is the rapidly growing region for automotive and electronics segments of the polyurethane adhesives market.
Growth in other end-use industries such as footwear, furniture, and packaging is supporting the demand for polyurethane adhesives across the world. The product development and innovation will be the keys to increase the customer base and market share of polyurethane adhesives market. New products with superior solutions and eco-friendly features are the major demand drivers of polyurethane adhesive market.
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Polyurethane Adhesives Market: Market Participants
Examples of some of the market participants in the Global Polyurethane Adhesives Market identified across the value chain include, 3M, BASF, ADCO Global Inc., Avery Dennison Corp, Arkema S.A., Ashland Inc., H.B. Fuller, Henkel AG & Co, Huntsman Corporation, Illinois Tool Works Inc., Pidilite Industries, American Biltrite Inc., Adhesives Research Inc., Chemence, Ellsworth, RPM International Inc., Beardow & Adams (Adhesives) Ltd., Scott Bader Company Ltd., Ninghai Dingcheng Adhesive Co Ltd., Sika AG, and Dow Chemical Company among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Polyurethane Adhesives Market: Market Segmentation
Polyurethane AdhesivesMarket is segmented on the basis of technology type, product type, and end-use application.
On the basis of technology, Global Polyurethane Adhesives Marketcan be segmented as:
- Solvent-borne
- Dispersion
- Hot-melt
- Reactive
- Others
On the basis of product type, Global Polyurethane Adhesives Market can be segmented into:
- Thermoset
- Thermoplastic
On the basis of applications, Global Polyurethane AdhesivesMarket can be segmented as:
- Footwear
- Automotive
- Building & Construction
- Packaging
- Electrical & Electronics
- Furniture
- Others
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