Asia Pacific Polyurethane (PU) Adhesives Market

Asia Pacific Polyurethane (PU) Adhesives Market by Resin Types (Thermoplastic and Thermoset), Technology (Solvent-borne, Water Borne, Hot Melt, and Others), End Users (Footwear & Leather, Packaging, Building & Construction, Automotive & Aerospace, Healthcare, Electrical & Electronics, and Others), and Geography (India, China, Japan, South Korea, Asian Countries, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-1509
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 3
  • No. Of Pages: 213
  • Format:
  • Pub. Date: Upcoming
  • Share:

The Asia Pacific polyurethane adhesives market size is expected to expand at a significant CAGR of more than 5% during the forecast period, 2021–2028. The growth of the market is attributed to growing demand of polyurethane adhesives for construction activities and the wide application of the automotive and aerospace industries in the manufacture of light aircraft and vehicles.


Asia Pacific Polyurethane (PU) Adhesives Market

Adhesive is a substance that is applied to various surfaces to bond them together. The use of adhesives eliminates the need for welding of parts, rivets, and other mechanical parts of equipment. The use of polyurethane adhesives helps reduce overall production costs. The use of polyurethane glue makes auto parts light, thereby improving fuel efficiency.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing spending on construction activities is projected to boost the market during the forecast period.
  • Rapid growth of the automotive industry in lightweight vehicles to create demand for adhesives is major factors driving the market.
  • Rising disposable income and increasing demand for electronic gadgets is expected to fuel the market during forecast period.
  • High cost of polyurethane adhesives and alternative products is projected to hamper the market growth.
  • Strict government regulations on environmental emissions act as major challenges that can restrict the market growth during the forecast period.
  • R&D investment and advancement of high quality, non-toxic, and environment-friendly adhesives is anticipated to offer immense opportunities for the market players.

Scope of the Report

The report on the Asia Pacific polyurethane adhesives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Polyurethane Adhesives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Resin Types (Thermoplastic and Thermoset), Technology (Solvent-Borne, Water Borne, Hot Melt, and Other Technologies), and End Users (Footwear and Leather, Packaging, Building and Construction, Automotive and Aerospace, Healthcare, Electrical and Electronics, and Other End-Users),

Regional Scope: Asia Pacific

India, Japan, China, South Korea, Asian Countries, and Rest of Asia Pacific

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Arkema Group, 3M, Dow, H.B. Fuller, Henkel AG & Co. KGaA

Market Segment Insights

The thermoplastic segment is projected to represent a major market share

Based on resin types, the polyurethane adhesives market is bifurcated into thermoplastic and thermoset. The thermoplastic segment is expected to represent a key share of the market during the forecast period. Growth of the market is attributed to better flexibility and adhesion. However, polyurethane-based thermoplastic adhesives are more expensive.  Growing housing demand and government infrastructure spending in China and India are driving the demand for thermoplastic polyurethane adhesives.  Increasing demand of adhesives for packaging, automobiles and electronic products is estimated to drive the market.


Asia Pacific Polyurethane (PU) Adhesives Market

The solvent-borne segment is expected to grow at a rapid pace

Based on technology, the polyurethane adhesives market is segregated into solvent-borne, water borne, hot melt, and other technologies. The solvent-borne segment is expected to hold a key share of the market during the forecast period. Solvent-borne polyurethane adhesives consist of hydroxyl-terminated high-molecular-weight polyurethane dissolved in a solvent. Solvent-based PU adhesives mainly have different qualities. They adhere well to rubber, leather, textiles, metal, paper, wood, and plastics. Solvent-based polyurethane adhesives are also used in various lamination applications.


Asia Pacific Polyurethane (PU) Adhesives Market

The building and construction segment is anticipated to expand at a rapid CAGR

Based on end-users, the polyurethane adhesives market is fragmented into footwear & leather, packaging, building & construction, automotive & aerospace, healthcare, electrical & electronics, and others. The building and construction segment is expected to account for a key share of the market during the forecast period.

PU adhesive has low strength and fast curing, making it an excellent choice for woodworking and other construction applications. They provide high strength needed to hold building materials together. In addition, this material has a wide range of uses; it is suitable for plastics, glass, PVF, aluminum, stainless steel, and other metals, regardless of the strength of the substrate. Construction activities in countries such as China, India, Indonesia, Vietnam, and Thailand have increased significantly. This trend may continue in the near future, leading to an increase in the consumption of polyurethane adhesives in the region.

China is anticipated to dominate the market

On the basis of geography, the market is classified as India, Japan, China, South Korea, Asian Countries, and Rest of Asia Pacific. China is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to rising consumption power of China. The country is the world's largest manufacturer of automobiles, electricity, electronics, and packaging, as well as a major manufacturer of airplanes, shoes, and leather products. In addition, due to the surge in air traffic, the government plans to increase the number of airports of about 91% over the country's current number of airports.


Asia Pacific Polyurethane (PU) Adhesives Market

Segments

Segments Covered in the Report

The Asia Pacific polyurethane adhesives market has been segmented on the basis of

Resin Types

  • Thermoplastic
  • Thermoset

Technology

  • Solvent-Borne
  • Water Borne
  • Hot Melt
  • Other Technologies

End Users

  • Footwear and Leather
  • Packaging
  • Building and Construction
  • Automotive and Aerospace
  • Healthcare
  • Electrical and Electronics
  • Other End-Users

Regions

  • India
  • Japan
  • China
  • South Korea
  • Asian Countries
  • Rest of Asia Pacific

Key Players

  • Arkema Group
  • 3M
  • Dow
  • H.B. Fuller
  • Henkel AG & Co. KGaA

Competitive Landscape

Key players competing in the polyurethane adhesives market include Arkema Group, 3M, Dow, H.B. Fuller, Henkel AG & Co. KGaA

Some of these players use several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Asia Pacific Polyurethane (PU) Adhesives Market
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyurethane (PU) Adhesives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Polyurethane (PU) Adhesives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Polyurethane (PU) Adhesives Market - Supply Chain
  4.5. Global Polyurethane (PU) Adhesives Market Forecast
     4.5.1. Polyurethane (PU) Adhesives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Polyurethane (PU) Adhesives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Polyurethane (PU) Adhesives Market Absolute $ Opportunity
5. Global Polyurethane (PU) Adhesives Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Polyurethane (PU) Adhesives Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
6. North America Polyurethane (PU) Adhesives Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Polyurethane (PU) Adhesives Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
7. Latin America Polyurethane (PU) Adhesives Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Polyurethane (PU) Adhesives Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
8. Europe Polyurethane (PU) Adhesives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Polyurethane (PU) Adhesives Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
9. Asia Pacific Polyurethane (PU) Adhesives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Polyurethane (PU) Adhesives Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
10. Middle East & Africa Polyurethane (PU) Adhesives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Polyurethane (PU) Adhesives Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Polyurethane (PU) Adhesives Market: Market Share Analysis
  11.2. Polyurethane (PU) Adhesives Distributors and Customers
  11.3. Polyurethane (PU) Adhesives Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Arkema Group 3M Dow H.B. Fuller Henkel AG & Co. KGaA

Segments Covered in the Report

The Asia Pacific polyurethane adhesives market has been segmented on the basis of

Resin Types

  • Thermoplastic
  • Thermoset

Technology

  • Solvent-Borne
  • Water Borne
  • Hot Melt
  • Other Technologies

End Users

  • Footwear and Leather
  • Packaging
  • Building and Construction
  • Automotive and Aerospace
  • Healthcare
  • Electrical and Electronics
  • Other End-Users

Regions

  • India
  • Japan
  • China
  • South Korea
  • Asian Countries
  • Rest of Asia Pacific

Key Players

  • Arkema Group
  • 3M
  • Dow
  • H.B. Fuller
  • Henkel AG & Co. KGaA

Key players competing in the polyurethane adhesives market include Arkema Group, 3M, Dow, H.B. Fuller, Henkel AG & Co. KGaA

Some of these players use several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Asia Pacific Polyurethane (PU) Adhesives Market

Buy Report