Polyurethane Adhesives and Sealants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Polyurethane Adhesives and Sealants market is segmented by Technology (Water based, Solvent based, Hot-Melt, and Other Technologies), Application (Building & Construction, Healthcare, Automotive, Packaging, Footwear and Leather, Electrical and Electronics, and Others), Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report offers market size and forecasts for Polyurethane Adhesives and Sealants Market in revenue (USD million) and Volume (Kilotons) for all the above segments.

Polyurethane Adhesives And Sealants Market Size

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Polyurethane Adhesives And Sealants Market Summary
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Study Period 2021 - 2029
Base Year For Estimation 2023
CAGR > 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Polyurethane Adhesives And Sealants Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Polyurethane Adhesives And Sealants Market Analysis

The polyurethane adhesives and sealants market is expected to be valued at around USD 30 billion by the end of the year, and it is expected to register a CAGR of 6% during the forecast period.

Major factors driving the market are increasing applications in various end-user industries such as building and construction, packaging, automotive, and others.

  • with the increase in demand for the packaging industry across the globe. The significant growth in the e-commerce and food and beverage sectors is augmenting the demand for polyurethane adhesives.

Environmental and safety regulations about VOC emissions and the safety of packaging are likely to slow the growth of the studied market for adhesives.

Polyurethane Adhesives And Sealants Market Trends

The Building & Construction Industry to Register Significant Market Share

  • The construction sector has the highest consumption of adhesives and sealants. Polyurethane adhesives and sealants offer good adhesion to numerous substrates, such as concrete, wood, plastic, and glass, due to their elasticity and structural properties. Together with ongoing technical advancement, these characteristics have increased the use of polyurethane adhesive and sealant in residential construction.
  • The construction sector in the Asia-Pacific region is the largest in the world and is growing at a healthy rate, owing to the region's rising population, increases in middle-class incomes, and urbanization.
  • According to China's National Bureau of Statistics, the value of construction work in the country will be CNY 25.92 trillion in 2021, up from CNY 23.27 trillion in 2020. This will increase the demand for the studied market.
  • Furthermore, according to Statistics Korea, construction orders collected by local builders at home and overseas totaled USD 245.9 billion in 2021, up from KRW 31.9 trillion the previous year.
  • In North America, the United States holds a major share in the construction industry. According to the US Census Bureau, the annual value of new construction put in place in the United States accounted for USD 1,626.4 billion in 2021, compared to USD 1,499.6 billion in 2020.
  • All of these things are likely to make more people want to buy polyurethane adhesives and sealants over the next few years.
Polyurethane Adhesives And Sealants Market: New Residential and Commercial Floor Area, Volume in Billion Square Feet, Asia-Pacific, 2017-2021

Asia-Pacific to Dominate the Market

  • From 2017 to 2021, the demand for polyurethane adhesives was the highest in Asia-Pacific among all regions. The share of the adhesive market from this region has consistently occupied 46-47% of the global demand because of the region's high manufacturing capacity of all end-user industries. Polyurethane adhesives with hot melt, water-borne, and solvent-borne technologies account for the highest demand in the region.
  • The demand from these end-user industries declined with a CAGR of -2.4% and -2.25% in 2018 and 2019, respectively, during this period. In 2020, the demand from all end-user industries across the region declined due to constraints in operations, labor, raw material, supply chain, and other areas. Among all industries across all the countries in the region, the footwear industry in Australia took the worst hit, declining by 49.53% Y-o-Y in volume terms.
  • The decrease in domestic demand because of low purchasing power resulting from a weak economy severely affected this industry during the pandemic.
  • The overall demand from the Asia-Pacific region is expected to record a CAGR of 4.46% during the forecast period. This demand growth is expected to be driven by the region's construction, packaging, and automotive industries during the forecast period.
Polyurethane Adhesives And Sealants Market: Global Polyurethane Adhesives Market, Asia-Pacific, By Country, CAGR (%), 2022-2027

Polyurethane Adhesives And Sealants Industry Overview

The market for polyurethane adhesives and sealants is fragmented in nature. Some of the major players include (Not in any particular order) 3M, H.B. Fuller Company., Arkema Group (Bostik SA), Dow, and Henkel AG & Co. KGaA, among others.

Polyurethane Adhesives And Sealants Market Leaders

  1. 3M

  2. H.B. Fuller Company.

  3. Arkema Group (Bostik SA)

  4. Dow

  5. Henkel AG & Co. KGaA

*Disclaimer: Major Players sorted in no particular order

Polyurethane Adhesives And Sealants Market Concentration
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Polyurethane Adhesives And Sealants Market News

  • May 2022: Henkel introduced new products, such as Loctite Liofol LA 7818 RE / 6231 RE and Loctite Liofol LA 7102 RE / 6902 RE, to promote recyclability in the packaging industry.
  • Dec 2021: Sika planned to establish a new technology center and manufacturing factory for high-quality adhesives and sealants in Pune, India. The company primarily manufactures products for the transportation and construction industries through its three new production lines.

Polyurethane Adhesives & Sealants Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand from the Construction Industry in Asia-Pacific

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Rising environmental concerns

      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 Technology

      1. 5.1.1 Water based

      2. 5.1.2 Solvent based

      3. 5.1.3 Hot-Melt

      4. 5.1.4 Other Technologies

    2. 5.2 Application

      1. 5.2.1 Building & Construction

      2. 5.2.2 Healthcare

      3. 5.2.3 Automotive

      4. 5.2.4 Packaging

      5. 5.2.5 Footwear and Leather

      6. 5.2.6 Electrical and Electronics

      7. 5.2.7 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share (%)**/Ranking 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 Beijing Comens New materials Co.,Ltd.

      4. 6.4.4 Dow

      5. 6.4.5 H.B.Fuller Company

      6. 6.4.6 Henkel AG & Co.KGaA

      7. 6.4.7 Hubei Huitian New Materials Co.Ltd

      8. 6.4.8 Huntsman International LLC

      9. 6.4.9 Jowat SE

      10. 6.4.10 Kangada New Materials (Group) Co., Ltd.

      11. 6.4.11 MAPEI S.p.A

      12. 6.4.12 NANPAO RESINS CHEMICAL GROUP

      13. 6.4.13 Pidilite Industries Ltd.

      14. 6.4.14 Sika AG

      15. 6.4.15 Soudal Holding N.V.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Rising Demand for Bio-based PU hot-melt adhesives

**Subject to Availability
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Polyurethane Adhesives And Sealants Industry Segmentation

Polyurethane adhesives and sealants are bonding agents used in various industries and provide strong, flexible, durable elastomeric bonds that seal against the elements. The Polyurethane Adhesives and Sealants market is segmented by technology (water-based, solvent-based, hot-melt, and other technologies), application (building & construction, healthcare, automotive, packaging, footwear and leather, electrical and electronics, and others), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East & Africa). The report provides market size and forecasts for the Polyurethane Adhesives and Sealants Market in terms of revenue (USD million) and volume (kilo tons) for each of the segments mentioned above. The report also covers the market size and forecasts for the paints and coatings market in 15 countries across major regions.

Technology
Water based
Solvent based
Hot-Melt
Other Technologies
Application
Building & Construction
Healthcare
Automotive
Packaging
Footwear and Leather
Electrical and Electronics
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
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Polyurethane Adhesives & Sealants Market Research FAQs

The Polyurethane Adhesives and Sealants Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

3M, H.B. Fuller Company., Arkema Group (Bostik SA), Dow and Henkel AG & Co. KGaA are the major companies operating in the Polyurethane Adhesives and Sealants Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Polyurethane Adhesives and Sealants Market.

The report covers the Polyurethane Adhesives and Sealants Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Polyurethane Adhesives and Sealants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Polyurethane Adhesives and Sealants Industry Report

Statistics for the 2024 Polyurethane Adhesives And Sealants market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Polyurethane Adhesives And Sealants analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Polyurethane Adhesives and Sealants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)