Polyurethane Adhesives And Sealants Market Size (2024 - 2029)

The polyurethane adhesives and sealants market is projected to experience significant growth over the forecast period, driven by increased construction activities and infrastructure development, particularly in the Asia-Pacific region. Despite challenges such as strict environmental regulations on volatile organic compounds, the market is recovering from the impacts of the COVID-19 pandemic and is expected to expand steadily. The rising demand for bio-based polyurethane hot-melt adhesives is anticipated to offer additional growth opportunities, contributing to the overall market expansion.

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Market Size of Polyurethane Adhesives And Sealants Industry

Polyurethane Adhesives and Sealants Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 17.53 Billion
Market Size (2029) USD 23.5 Billion
CAGR (2024 - 2029) 6.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific

Major Players

Polyurethane Adhesives and Sealants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Polyurethane Adhesives And Sealants Market Analysis

The Polyurethane Adhesives And Sealants Market size is estimated at USD 17.53 billion in 2024, and is expected to reach USD 23.5 billion by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).

 The COVID-19 pandemic had a significant impact on the global polyurethane (PU) adhesives and sealants market. Lockdowns and travel restrictions caused disruptions in the supply chain for raw materials and finished products, leading to shortages and price increases. Governments and businesses prioritized healthcare and other essential sectors during the pandemic, leading to reduced investment in construction, automotive, and other industries that rely heavily on these products. However, the market has recovered from the initial impact of COVID-19 and continues to grow at a moderate pace in the long run.

  • Increased construction activities in the Asian region, driven by urbanization and infrastructure development, along with the growth in the packaging industry, are expected to propel the demand for adhesives and sealants.
  • However, strict environmental regulations set by the government on the use of volatile organic compounds are anticipated to hamper the expansion of the market studied.
  • The demand for bio-based polyurethane (PU) hot-melt adhesives is steadily rising within the broader PU adhesives and sealants market, which is expected to create lucrative growth opportunities in the global market.
  • The Asia-Pacific region represents the largest market and is also expected to be the fastest growing market over the forecast period. This is due to the increase in consumption from China, India, and ASEAN Countries.

Polyurethane Adhesives And Sealants Industry Segmentation

Polyurethane adhesives and sealants are a type of adhesive and sealing material that is based on polyurethane polymers. These versatile compounds are widely used in various industries due to their excellent bonding and sealing properties, along with other desirable characteristics. Polyurethane adhesives and sealants can be formulated in different ways to suit specific applications.

The polyurethane adhesives and sealants market is segmented by technology, end-user industry, and geography. By technology, the market is segmented into water-based, solvent-based, hot-melt, and other technologies. By end-user industry, the market is segmented into building and construction, healthcare, automotive and transportation, packaging, footwear and leather, electrical and electronics, and other end-user industries (woodworking and furniture, consumer goods, etc.). The report also covers the market size and forecasts for the polyurethane adhesives and sealants market for 27 major countries across the major regions. The report offers the market size in value terms in USD for all the abovementioned segments.

Technology
Water-based
Solvent-based
Hot-melt
Other Technologies (Bio-based, Nano-PU adhesives, etc.)
End-user Industry
Building and Construction
Healthcare
Automotive and Transportation
Packaging
Footwear and Leather
Electrical and Electronics
Other End-user Industries (Woodworking and Furniture, Consumer Goods, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Thailand
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Turkey
NORDIC Countries
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Qatar
United Arab Emirates
Egypt
Algeria
Rest of Middle East and Africa
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Polyurethane Adhesives And Sealants Market Size Summary

The polyurethane adhesives and sealants market is poised for significant growth, driven by increasing demand across various sectors such as construction, automotive, and packaging. The market, which experienced disruptions due to the COVID-19 pandemic, has shown resilience and is expected to expand steadily over the forecast period. The Asia-Pacific region, particularly China, India, and ASEAN countries, is a key driver of this growth, fueled by urbanization, infrastructure development, and rising industrial activities. The construction sector, being the largest consumer of these products, benefits from the superior adhesion properties of polyurethane adhesives and sealants, which are essential for various substrates like concrete, wood, and glass. This demand is further bolstered by the ongoing urbanization and economic development in the region, making it the fastest-growing market globally.

Despite the promising growth prospects, the market faces challenges from stringent environmental regulations concerning volatile organic compounds. However, the rising demand for bio-based polyurethane adhesives presents new opportunities for market expansion. The market is characterized by its fragmented nature, with major players such as 3M, H.B. Fuller Company, Arkema (Bostik), Dow, and Henkel AG & Co. KGaA actively participating in innovation and expansion efforts. Recent developments, such as Henkel's introduction of bio-based PUR adhesives and Bostik's expansion of R&D facilities in Shanghai, highlight the industry's focus on sustainable and technologically advanced solutions. These trends are expected to significantly influence the market dynamics, offering lucrative growth opportunities in the coming years.

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Polyurethane Adhesives And Sealants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand from the Construction Industry in the Asian Region

      2. 1.1.2 Growth in the Packaging Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stricter Regulations on Hazardous Materials and Environmental Concerns

      2. 1.2.2 Fluctuating Raw Material Prices

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Technology

      1. 2.1.1 Water-based

      2. 2.1.2 Solvent-based

      3. 2.1.3 Hot-melt

      4. 2.1.4 Other Technologies (Bio-based, Nano-PU adhesives, etc.)

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Healthcare

      3. 2.2.3 Automotive and Transportation

      4. 2.2.4 Packaging

      5. 2.2.5 Footwear and Leather

      6. 2.2.6 Electrical and Electronics

      7. 2.2.7 Other End-user Industries (Woodworking and Furniture, Consumer Goods, etc.)

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Indonesia

        6. 2.3.1.6 Malaysia

        7. 2.3.1.7 Thailand

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Spain

        6. 2.3.3.6 Russia

        7. 2.3.3.7 Turkey

        8. 2.3.3.8 NORDIC Countries

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Qatar

        4. 2.3.5.4 United Arab Emirates

        5. 2.3.5.5 Egypt

        6. 2.3.5.6 Algeria

        7. 2.3.5.7 Rest of Middle East and Africa

Polyurethane Adhesives And Sealants Market Size FAQs

The Polyurethane Adhesives And Sealants Market size is expected to reach USD 17.53 billion in 2024 and grow at a CAGR of greater than 6% to reach USD 23.5 billion by 2029.

In 2024, the Polyurethane Adhesives And Sealants Market size is expected to reach USD 17.53 billion.

Polyurethane Adhesives And Sealants Market Report Snapshots

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