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Asia-Pacific Polyurethane (PU) Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented by Resin Type (Thermoset and Thermoplastic), Technology (Water-borne, Solvent-borne, Hot-melt, and Other Technologies), End-user Industry (Automotive and Aerospace, Building and Construction, Electrical and Electronics, Footwear and Leather, Healthcare, Packaging, and Other End-user Industries), and Geography (China, India, Japan, South Korea, ASEAN Countries, and Rest of Asia-Pacific).

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Market Snapshot

Asia-Pacific Polyurethane (PU) Adhesives Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2021
CAGR: >5 %

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Market Overview

Asia-Pacific polyurethane (PU) adhesives market is expected to grow at a CAGR of more than 5% during the forecast period. The demand for PU adhesives is widely driven by the growth in construction activities and increased application in automotive and aerospace industry for producing lightweight vehicles and aircrafts. However, stringent VOC emission regulations may affect the growth of the studied market.

  • Amongst technology, solvent-based stands to be the largest segment as it is extensively preferred for numerous industrial and construction applications.
  • However, innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials are likely to offer opportunities for the PU adhesives market.
  • China stands to be the largest market for PU adhesives in the region, with consumption being majorly driven by the growth in end-user industries, such as construction, packaging, electrical and electronics, aerospace, etc.

Scope of the report

Asia-Pacific polyurethane (PU) adhesives market report include:

Resin Type
Thermoset
Thermoplastic
Technology
Water Borne
Solvent-borne
Hot Melt
Other Technologies
End-user Industry
Automotive and Aerospace
Building and Construction
Electrical and Electronics
Footwear and Leather
Healthcare
Packaging
Other End-user Industries
Geography
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific

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Key Market Trends

Building and Construction Segment Dominates the Market

  • Among end-user industries, building and construction segment dominates the consumption of PU adhesives in the region.
  • PU adhesives have rapid curing and low strength properties, making it an excellent choice for woodworking and other construction applications. They provide high strength required to hold construction materials together.
  • Besides, this material is versatile, when it comes to product assembly adhesives. It suits plastics, glass, PVFs, aluminum, stainless steel, and other metals, regardless of the toughness of bond substrates.
  • Hot-melt technology excels, when it comes to window sealants, gaskets, fabrics, and light metal applications. The ease of use and quick curing time of PU hot-melt adhesives have led to increased application for flooring, counter tops, and shower walls.
  • In Asia-Pacific, countries, such as China, India, Indonesia, Vietnam and Thailand have been registering robust growth in construction activities, and this trend is likely to continue in the near future, which is likely to propel the consumption of PU adhesives in the region.
Asia-Pacific Polyurethane (PU) Adhesives Market Revenue Share

China to Dominate the Market Demand

  • In terms of consumption, China stands to be the largest market for PU adhesives in the region.
  • The country stands to be the world’s largest producer of automotive, electrical and electronics, and packaging. Besides, the country stands to be one of the major producers of aircrafts, footwear and leather products.
  • The construction sector has been recording a healthy growth in the country, owing to significant increase in government investment on large-scale infrastructure projects in order to ensure steady growth of the economy.
  • Moreover, owing to the growing air traffic, the government has planned to increase the number of airports to around 450 by 2035, which indicates about 91% increase over the current number of airports in the country. In this regards, there are numerous airport construction projects, which are either in development or planning stage in the country.
  • Hence, presence of the strong production base of such end-user industries and growing construction investments have been driving the consumption of PU adhesives in the country.
Asia-Pacific Polyurethane (PU) Adhesives Market Revenue Share

Competitive Landscape

Asia-Pacific polyurethane (PU) adhesives market is fragmented in nature. Some of the key players in the market includes 3M, Arkema Group, Dow, H.B. Fuller, and Henkel AG & Co. KGaA, amongst others.

Asia-Pacific Polyurethane (PU) Adhesives Market - Market Concentration.png

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Report

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growth in Construction Activities

      2. 4.1.2 Increased Application in Automotive and Aerospace Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Thermoset

      2. 5.1.2 Thermoplastic

    2. 5.2 Technology

      1. 5.2.1 Water Borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Hot Melt

      4. 5.2.4 Other Technologies

    3. 5.3 End-user Industry

      1. 5.3.1 Automotive and Aerospace

      2. 5.3.2 Building and Construction

      3. 5.3.3 Electrical and Electronics

      4. 5.3.4 Footwear and Leather

      5. 5.3.5 Healthcare

      6. 5.3.6 Packaging

      7. 5.3.7 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 China

      2. 5.4.2 India

      3. 5.4.3 Japan

      4. 5.4.4 South Korea

      5. 5.4.5 ASEAN Countries

      6. 5.4.6 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Arkema Group

      3. 6.4.3 Ashland

      4. 6.4.4 Avery Dennison Corporation

      5. 6.4.5 Beardow Adams

      6. 6.4.6 Dow

      7. 6.4.7 Dymax Corporation

      8. 6.4.8 Franklin International

      9. 6.4.9 H.B. Fuller Company

      10. 6.4.10 Henkel AG & Co. KGaA

      11. 6.4.11 Huntsman International LLC

      12. 6.4.12 ITW Performance Polymers (Illinois Tool Works Inc.)

      13. 6.4.13 Jowat AG

      14. 6.4.14 Mapei Inc.

      15. 6.4.15 Pidilite Industries Ltd.

      16. 6.4.16 Sika AG

      17. 6.4.17 Wacker Chemie AG

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovation and Development of Bio-based Adhesives

    2. 7.2 Shifting Focus Toward Adhesive Bonding for Composite Materials

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Polyurethane (PU) Adhesives Market market is studied from 2016 - 2026.

The Asia-Pacific Polyurethane (PU) Adhesives Market is growing at a CAGR of >5% over the next 5 years.

3M, Arkema Group, Dow, H.B. Fuller, Henkel AG & Co. KGaA are the major companies operating in Asia-Pacific Polyurethane (PU) Adhesives Market.

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