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The market is segmented by Type (Non-reactive, Reactive), Application ( Paper, Board, and Packaging, Healthcare, Automotive, Furniture, Footwear, Textile, Electrical and Electronics, Bookbinding, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa)
Fastest Growing Market:
Less Than 8 %
The polyurethane (PU) hot-melt adhesive market is expected to witness a CAGR of around 8% during the forecast period. Major factors driving the market studied are rising environmental awareness, increasing demand from the Asia-Pacific packaging and electronics industry. However, volatility in the availability and price of raw materials is expected to hinder the growth of the market studied.
The polyurethane (PU) hot-melt adhesive market report includes:
|Paper, Board, and Packaging|
|Electrical and Electronics|
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PU hot-melt adhesives have versatile applications in the woodworking industry. They can be used in making architectural and aesthetic elements, for profile wrapping, post-forming, and soft forming, among others. The need for different kinds of furniture is driving the woodworking industry, and thus the demand for PU hot-melt adhesives in this industry.
The furniture industry derives its demand mainly from two sectors: domestic or home market and commercial or office market.
The increasing per capita income of the middle classes in developing countries has created a demand for furniture from these markets. Increasing industrialization is also driving the commercial furniture market.
The rapid growth in the building & construction segment in the Middle-East & Africa, Asia- Pacific, etc. is likely to contribute to the growth of the PU hot-melt adhesives.
One of the reasons being increasing furniture demand due to rising construction activities and other being increasing furniture exports from some of these nations is fueling the adhesives demand in the region.
For instance, rising construction projects in Saud Arabia such as Junail II, The Kingdom Tower, Jeddah etc., is likely to have a positive impact on the PU hot-melt adhesives market for furniture applications.
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The global polyurethane (PU) hot-melt adhesive market is consolidated, where major players account for a significant portion of the market demand. Some of the major players include 3M, H.B. Fuller, Henkel AG & Company KGaA, Arkema Group (Bostik AG), and Sika AG amongst others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1.1 Increasing Applications in a Wide Range of Industries
4.1.2 Increasing Demand from the Asia-Pacific Packaging and Electronics Industry
4.1.3 Rising Environmental Awareness
4.2.1 Volatility in Availability and Price of Raw Materials
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.2.1 Paper, Board, and Packaging
5.2.4 Furniture (Woodworking)
5.2.7 Electrical and Electronics
5.2.9 Other Applications
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.3.2 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
5.3.4 South America
220.127.116.11 Rest of South America
5.3.5 Middle East & Africa
18.104.22.168 Saudi Arabia
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M Company
6.4.2 Arkema Group (Bostik SA)
6.4.3 BASF SE
6.4.4 Mapei SpA
6.4.5 Collano Adhesives AG
6.4.6 Covestro AG
6.4.7 Delo Industrial Adhesives
6.4.8 DIC Corporation
6.4.9 Sika AG
6.4.10 H.B. Fuller
6.4.11 Henkel AG & CO. KGaA
6.4.12 Jowat SE
6.4.14 Franklin International Inc.
6.4.15 Huntsman Corporation
6.4.16 Pidilite Industries Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Rising Demand for Bio-based PU hot melt adhesives
7.2 Other Opportunities
** Subject to Availability