Market Size of Polyurethane (PU) Hot-melt Adhesive Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 7.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Polyurethane Hot Melt Adhesives Market Analysis
The global polyurethane (PU) hot-melt adhesives market was valued at around USD 1,00 million in 2021. The polyurethane (PU) hot-melt adhesive market is expected to witness a CAGR greater than 7% 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.
- Furniture industry dominated the market and is expected to grow during the forecast period, due to increasing residential and commercial construction activities, globally.
- Rising demand for bio-based PU hot melt adhesives is likely to provide various opportunities for the growth of the market in the future.
- Asia-Pacific region dominated the polyurethane (PU) hot-melt adhesive market across the world, with the largest consumption from the countries, such as China, India, and Japan.
