Shibuya-ku, Tokyo, Japan, Japan, Sep 03, 2021, 00:44 /Comserve / -- The PU adhesives market is projected to grow from USD 7.0 billion in 2019 to USD 9.1 billion by 2024, at a CAGR of 5.6%, between 2019 and 2024.
COVID-19 has reformed the way we work and has impacted various aspects of the businesses worldwide. Keeping in mind the multi-faceted challenges and the impact on economies post pandemic, companies are focusing on the risks and probabilities for sustainability, growth, and development from this transition.
The PU adhesives market is projected to grow from USD 7.0 billion in 2019 to USD 9.1 billion by 2024, at a CAGR of 5.6%, between 2019 and 2024. The growth of end-use industries, such as building & construction, automotive & transportation, and packaging is driving the PU adhesives market. However, exposure risks and environmental concerns are expected to hamper the growth of the market.
PU dispersions are viable alternatives to the conventional solvent-borne adhesives. Owing to the increasing governmental and environmental legislation to reduce the VOC emissions, the end users are rapidly moving from solvent-borne adhesives to PU-dispersion adhesives. The PU dispersions adhere to several environmental regulations, such as ecolabels—M1, Blue Angel, and EMICODE.
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The Final Report will cover the impact analysis of COVID-19 on this industry: Polyurethane Adhesives Market Insights by Emerging Trends, Future Growth, Revenue Analysis, Global Forecast to 2024
PU adhesives cater to glazing applications for automotive, rail, and marine industries, among others. Along with the window glass, PU-based elastic adhesives cover a long list of applications, such as tail molding, interior trims, roof panels, luggage compartment floor, front molding, sidewall assembly, and deck assembly. This has aided vehicle manufacturers to use all types of lightweight materials without compromising on safety, functionality, or comfort. Adhesives continue to be an alternative to conventional fastening technologies to achieve robust assembly.
The APAC PU adhesives market is segmented into China, Japan, India, Indonesia, and Rest of APAC. The APAC region is a lucrative market for PU adhesives, owing to the increasing demand from packaging industries and improving economic conditions. Product innovations, new research and development projects, and increasing demand from various end-use industries have also fueled the demand for PU adhesives in APAC.
Fill This Form and get the Sample Copy of This Report: https://www.sdki.jp/sample-request-62002
The Final Report will cover the impact analysis of COVID-19 on this industry: Polyurethane Adhesives Market Insights by Emerging Trends, Future Growth, Revenue Analysis, Global Forecast to 2024
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the PU adhesives market, and information was gathered from secondary research to determine and verify the market size of several segments and sub-segments.
• By Company Type: Tier 1 – 46%, Tier 2 – 27%, and Tier 3 – 27%
• By Designation: C Level – 37%, D Level – 36%, and Others – 27%
• By Region: APAC – 37%, North America – 18%, Europe – 27%, South America- 9%, and the Middle East & Africa – 9%
Research Coverage:
This report provides detailed segmentation of the PU adhesives market based on, resin type, technology, end-use industry, and region. Based on resin type, the PU adhesives market has been segmented into thermoset and thermoplastic. Based on technology, the market has been segmented into solvent-borne, 100% solids, and dispersion. Based on end-use industry, the market has been segmented into automotive & transportation, building & construction, packaging, footwear, industrial, and furniture & decoration. Based on region, the market has been segmented into APAC, Europe, North America, South America, and the Middle East & Africa.
TABLE OF CONTENTS
1 INTRODUCTION 17
1.1 OBJECTIVES OF THE STUDY 17
1.2 MARKET DEFINITION 17
1.3 MARKET SCOPE 18
1.3.1 YEARS CONSIDERED FOR THE STUDY 19
1.4 CURRENCY 19
1.5 UNIT CONSIDERED 19
1.6 STAKEHOLDERS 19
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