Polyurethane Adhesives Market: By Resin Type (Thermoplastic, Thermoset), By Technology (Solvent-Borne, Hot Melt, Reactive, Water Born, Rad-cure), By End Users (Automotive, Building & Construction, Electrical & Electronics, Footwear, Furniture and Others) and Geography  

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Polyurethane Adhesives Market size was valued at USD 6,867.9 million in 2022 and is predicted to exceed at a significant CAGR of 7.1 from  2023-2029. owing to increasing demand for polyurethane adhesives from various industries/end-users such as construction, aerospace, packaging, electrical and electronics, etc. for their unique applications. The inclination toward the adoption of developing sustainable raw materials and manufacturing bio-degradable polyurethane adhesives to mitigate global warming by using these products to sequester carbon dioxide is the primary factor expected to create a lucrative opportunity for the market players during the forecast period. The rising demand for bio-based PU hot-melt adhesives is likely to be an opportunity for the market. According to the FICCI (Federation of Indian Chambers of Commerce and Industry), India's chemical industry was worth 163 billion dollars in 2019 and contributed 3.4 percent to the global chemical industry. It is the sixth-largest producer of chemicals in the world. This figure demonstrates the profitable prospect for corporate investment in Asia Pacific countries in the coming years. Based on technology, the Solvent-Borne segment is expected to witness the highest market share owing to increasing growth in the light-weighted automobile manufacturing industry during the forecast period. Also, other significant factors such as resistance to plasticizers, good adhesion to the most different materials (except bare metal) & high demand for bonding soft PVC to each other as well as to many other materials are expected to drive the Solvent-Borne segment growth during the forecast period.

Recent Market Developments:

  • In Feb 2022, H.B. Fuller Company announced that it has acquired the Belgium-based company Fourny nv, a well-respected provider of construction adhesives with more than 70 years of experience in technologies focused on commercial roofing, construction, and other private label industrial specialties.
  • In March 2020, Huntsman Corporation announces its agreement to acquire CVC Thermoset Specialties, a North American specialty chemical manufacturer serving the industrial composites, adhesives, and coatings markets. CVC Thermoset Specialties is part of Emerald Performance Materials LLC which is majority owned by affiliates of American Securities LLC.

Global Polyurethane Adhesives Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.1%

Largest Market

Asia-Pacific

Fastest Growing Market

North America
Polyurethane Adhesives Market Dynamics

Increase in demand for PU adhesives in different fields such as automotive, building & construction, electrical & electronics, footwear, furniture, packaging and others. The uses of polyurethane adhesive makes vehicle parts light in weight and thus enhances the fuel efficiency. Adhesives continue to be an alternative to conventional fastening technologies to achieve robust assembly. Rapid advancements in chemical engineering and chemical industries have significantly driven the growth of PU adhesive market during forecast period.

Global Polyurethane Adhesives Market Segmentation

By Resin Type
  • Thermoplastic
  • Thermoset
By Technology
  • Solvent-Borne
  • Hot Melt
  • Reactive
  • Water Born
  • Rad-cure
By End User
  • Automotive
  • Building & Construction
  • Electrical & Electronics
  • Footwear
  • Furniture
  • Others

Frequently Asked Questions

The polyurethane adhesives market size was valued at USD 6,867.9 million in 2022

The polyurethane adhesives market key players are: H.B. Fuller Henkel AG Huntsman Corporation Ashland The Dow Chemical Company 3M Covestro Sika AG Arkema, Mapei Jowat SE LORD Corporation

The polyurethane adhesives market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global Polyurethane Adhesives Market Introduction
2.1. Global Polyurethane Adhesives Market Taxonomy
2.2. Global Polyurethane Adhesives Market Definitions
2.2.1. By Resin Type
2.2.2. By Technology
2.2.3. By End Users
2.2.4. By Region
3. Global Polyurethane Adhesives Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Polyurethane Adhesives Market Dynamic Factors - Impact Analysis
3.6. Global Polyurethane Adhesives Market Competition Landscape
4. Global Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Polyurethane Adhesives Market, By  Resin Type, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Thermoplastic
5.1.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Thermoset
5.2.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Polyurethane Adhesives Market Forecast, By Technology, 2018 - 2029 and Forecast, 2023 - 2029
6.1. Solvent-Borne
6.1.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Hot Melt
6.2.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Reactive
6.3.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Water Born
6.4.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Rad-cure
6.5.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Polyurethane Adhesives Market Forecast, By End Users, 2018 - 2029 and Forecast, 2023 - 2029
7.1. Automotive
7.1.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Building & Construction
7.2.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Electrical & Electronics
7.3.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Footwear
7.4.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Furniture
7.5.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Others
7.6.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
8. Global Polyurethane Adhesives Market Forecast, By Region, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Polyurethane Adhesives Market - Opportunity Analysis Index, By  Resin Type, Technology, End Users, and Region, 2023 - 2029
9. North America Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1.  Resin Type Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Thermoplastic
9.1.2. Thermoset
9.2. Technology Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Solvent-Borne
9.2.2. Hot Melt
9.2.3. Reactive
9.2.4. Water Born
9.2.5. Rad-cure
9.3. End Users Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Automotive
9.3.2. Building & Construction
9.3.3. Electrical & Electronics
9.3.4. Footwear
9.3.5. Furniture
9.3.6. Others
9.4. Country Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Polyurethane Adhesives Market - Opportunity Analysis Index, By  Resin Type, Technology, End Users, and Country, 2023 - 2029
9.6. North America Polyurethane Adhesives Market Dynamics Trends
10. Europe Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1.  Resin Type Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Thermoplastic
10.1.2. Thermoset
10.2. Technology Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Solvent-Borne
10.2.2. Hot Melt
10.2.3. Reactive
10.2.4. Water Born
10.2.5. Rad-cure
10.3. End Users Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Automotive
10.3.2. Building & Construction
10.3.3. Electrical & Electronics
10.3.4. Footwear
10.3.5. Furniture
10.3.6. Others
10.4. Country Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Polyurethane Adhesives Market - Opportunity Analysis Index, By  Resin Type, Technology, End Users, and Country, 2023 - 2029
10.6. Europe Polyurethane Adhesives Market Dynamics Trends
11. Asia-Pacific Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Resin Type Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Thermoplastic
11.1.2. Thermoset
11.2. Technology Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Solvent-Borne
11.2.2. Hot Melt
11.2.3. Reactive
11.2.4. Water Born
11.2.5. Rad-cure
11.3. End Users Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Automotive
11.3.2. Building & Construction
11.3.3. Electrical & Electronics
11.3.4. Footwear
11.3.5. Furniture
11.3.6. Others
11.4. Country Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Polyurethane Adhesives Market - Opportunity Analysis Index, By  Resin Type, Technology, End Users, and Country, 2023 - 2029
11.6. Asia-Pacific Polyurethane Adhesives Market Dynamics Trends
12. Latin America Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1.  Resin Type Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Thermoplastic
12.1.2. Thermoset
12.2. Technology Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Solvent-Borne
12.2.2. Hot Melt
12.2.3. Reactive
12.2.4. Water Born
12.2.5. Rad-cure
12.3. End Users Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Automotive
12.3.2. Building & Construction
12.3.3. Electrical & Electronics
12.3.4. Footwear
12.3.5. Furniture
12.3.6. Others
12.4. Country Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Polyurethane Adhesives Market - Opportunity Analysis Index, By  Resin Type, Technology, End Users, and Country, 2023 - 2029
12.6. Latin America Polyurethane Adhesives Market Dynamics Trends
13. Middle East and Africa Polyurethane Adhesives Market Analysis, 2018 - 2029 and Forecast, 2023 - 2029 (Revenue, USD Mn)
13.1. Resin Type Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Thermoplastic
13.1.2. Thermoset
13.2. Technology Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Solvent-Borne
13.2.2. Hot Melt
13.2.3. Reactive
13.2.4. Water Born
13.2.5. Rad-cure
13.3. End Users Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Automotive
13.3.2. Building & Construction
13.3.3. Electrical & Electronics
13.3.4. Footwear
13.3.5. Furniture
13.3.6. Others
13.4. Country Analysis 2018 - 2029 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Polyurethane Adhesives Market - Opportunity Analysis Index, By  Resin Type, Technology, End Users, and Country, 2023 - 2029
13.6. MEA Polyurethane Adhesives Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Technology & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. H.B. Fuller
14.2.2. Henkel AG
14.2.3. Huntsman Corporation
14.2.4. Ashland
14.2.5. The Dow Chemical Company
14.2.6. 3M
14.2.7. Covestro
14.2.8. Sika AG
14.2.9. Arkema,
14.2.10. Mapei
14.2.11. Jowat SE
14.2.12. LORD Corporation
15. Research Methodology
16. Key Assumptions and Acronyms
  • H.B. Fuller
  • Henkel AG
  • Huntsman Corporation
  • Ashland
  • The Dow Chemical Company
  • 3M
  • Covestro
  • Sika AG
  • Arkema,
  • Mapei
  • Jowat SE
  • LORD Corporation

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