Market Size of MEA Polyurethane (PU) Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.79 Billion |
| Market Size (2029) | USD 1.03 Billion |
| CAGR (2024 - 2029) | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Polyurethane (PU) Adhesives Market Analysis
The MEA Polyurethane Adhesives Market size is estimated at USD 0.79 billion in 2024, and is expected to reach USD 1.03 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).
The COVID-19 outbreak negatively impacted the market. Stoppage or slowdown of several industrial projects, movement restrictions, production halts, and labour shortages led to a decline in the polyurethane (PU) adhesives market growth. However, it recovered significantly in 2021, owing to rising consumption from various end-use industries, including building and construction, packaging, healthcare, and automotive.
- Over the short term, increasing demand from the construction industry and healthcare infrastructure are some of the major factors driving the studied market's growth.
- Conversely, stringent environmental regulations regarding VOC emissions are expected to hinder the studied market's growth.
- However, shifting focus towards bio-based adhesives and growing inclination towards manufacturing lightweight products will likely offer opportunities for the PU adhesives market.
- Saudi Arabia dominates the Middle East and Africa PU adhesives market and will also witness the highest CAGR during the forecast period.
