Chemical

According to a market report by Lucintel, the future of polyurethane (PU) adhesives in the global specialty adhesive market looks promising with opportunities in the automotive, building & construction, packaging, leather & footwear, general industrial, furniture & decoration end use industries. The global specialty adhesive market in terms of polyurethane (PU) adhesives is expected to reach an estimated $11 billion by 2028 with a CAGR of 5.5% from 2023 to 2028. The major drivers for this market are rising demand for materials with high strength, impact resistance, and chemical resistance properties; increasing preference for lightweight components in the automotive industry; and technological advancements in the electrical and electronic industry.



Thermoset and thermoplastics are the two major segments of polyurethane (PU) adhesives in specialty adhesive market by product type. Lucintel forecasts that thermoplastics will remain the larger product type segment over the forecast period due to its increasing application in structural and load bearing applications owing to its properties, such as adjustable sealing temperature, high track, and ability to stick to various surfaces, like metal, rubber, or wood.

Within this market, building & construction is expected to remain the largest end use industry segment due to the increasing residential & underground construction activities and growing usage of polyurethane (PU) adhesives in piping, insulation, roofing, fittings, and fencing applications.



APAC will remain the largest region due to expansion in the building and construction industry and rapidly growing automotive production in the region.

Henkel, KGAA, H.B. Fuller Company, Dow, Sika AG, and 3M Company are the major suppliers of polyurethane (PU) adhesives in the global specialty adhesive market.  

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities forglobal polyurethane (PU) adhesives in the global specialty adhesive market by product type, technology, type, end use industry, and region.



Lucintel has compiled a comprehensive research report entitled “Growth Opportunities for Polyurethane (PU) Adhesives in the Global Specialty Adhesive Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for polyurethane (PU) adhesives in the global specialty adhesive market by product type, technology, type, end use industry, and region, as follows:

 

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for polyurethane (PU) adhesives in the specialty adhesive market by product type (thermoset and thermoplastic), technology (solvent-borne, 100% solids, and dispersion), end use industry (automotive, building & construction, packaging, leather & footwear, general industrial, furniture & decoration, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?