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Asia Pacific Polyurethane Hot Melt Adhesive Market Size 2031

Asia Pacific Polyurethane [PU] Hot-Melt Adhesives Market

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Segments - by Types [Reactive and Non-reactive], Applications [Healthcare, Board, Paper, & Packaging, Bookbinding, Automotive, Textile, Furniture, Electronic & Electrical, Footwear, and Other Applications], and Geography (India, Australia, Japan, China, and Rest of Asia Pacific) – Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Riddhesh Dani

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Harneet Meher

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Shruti Bhat

Report Description

Asia Pacific Polyurethane [PU] Hot-Melt Adhesives Market Outlook 2031

The Asia Pacific polyurethane [PU] hot-melt adhesives market size was valued at USD 804.14 Billion in 2022 and is expected to reach USD 2.10 Trillion by 2031, expanding at a CAGR of 11.3% during the forecast period, 2023–2031. Growth of the market is attributed to increasing demand for packaged goods, increasing customer buying power, major development in construction industry, and adoption of bio-based hot-melt adhesives.

The polyurethane [PU] hot-melt adhesives are also known as PUR hot-melt. It is an adhesive that is distributed from slug and cartridge. The conventional hot-melt which is pellet and sticky in nature. The PUR is also distinctive since it solidifies over moisture in the air to produce a strong connection that does not break easily.

The hot-melt industrial adhesive can be used in all types of product assembly such as trip attachment, small joint assembly, mounting, and large surface lamination. The product assembly that contains hot melt functions can include HVAC, appliances, mattresses, and others.

The COVID-19 pandemic affected the demand and supply of polyurethane [PU] hot-melt adhesives market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to an unfortunate decline in market growth. The launch of vaccines to combat the COVID-19 pandemic is expected to contribute to the market growth over the forecast period.

Asia Pacific Polyurethane [PU] Hot-Melt Adhesives Market Trends, Drivers, Restraints, and Opportunities

Increasing adoption of bio-based hot-melt adhesives is projected to boost the market in the coming years.
Increasing usages of polyurethane hot-melt adhesives as a substitute for solvent borne adhesives is major factor fueling the market.
The international trade turbulence is projected to restrict the market growth.
Unfavorable geopolitical affairs in polyurethane [PU] hot-melt adhesives market presents a main challenge that can hamper the market expansion in the coming years.
R&D investment and technological advancement in polyurethane [PU] hot-melt adhesives market is projected to offer lucrative opportunities for the market players.

Scope of Asia Pacific Polyurethane [PU] Hot-Melt Adhesives Market Report

The report on the Asia Pacific polyurethane [PU] hot-melt 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 [PU] Hot-Melt Adhesives Market – Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016-2021
Forecast Period	2023-2031
Segmentation	Types [Reactive and Non-reactive] and Applications [Healthcare, Board, Paper, and Packaging, Bookbinding, Automotive, Textile, Furniture, Electronic and Electrical, Footwear, and Other Applications]
Geographical Scope	Asia Pacific (India, Australia, Japan, China, 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	Sika AG, H.B. Fuller Company, Jowat SE, 3M, Henkel AG & Co. KGaA, and Arkema Group

Asia Pacific Polyurethane [PU] Hot-Melt Adhesives Market Segment Insights

Applications Segment Analysis

Based on applications, the Asia Pacific polyurethane [PU] hot-melt adhesives market is fragmented into healthcare, board, paper, packaging, bookbinding, automotive, textile, furniture, electronic and electrical, footwear, and other applications. The packaging segment accounts for a key share of the market.

Growth of the market is attributed to increased demand for packaged goods, increasing customers buying power, and major development in construction industry. However, the automotive segment is anticipated to expand at a rapid pace during the forecast period due to high demand for footwears, increased per capita income, and adoption of bio-based hot-melt adhesives.

Types Segment Analysis

On the basis of types, the Asia Pacific polyurethane [PU] hot-melt adhesives market is segmented into reactive and non-reactive. The reactive segment is anticipated to expand at a rapid pace during the forecast period. The reactive hot-melt adhesives are applied in a molten state and heated before processing.

When the adhesive cools off, it assembles its strength by the physical hardening method. The chemical reaction is triggered by water molecules present in the air which change the adhesive into an elastomer. The non-reactive hot-melt adhesives are classified as hot-melts, water-born, and solvent-borne adhesives which are based on high polymers molecular weight.

Major applications of non-reactive hot-melt adhesives include adhesives for transportation and automotive solutions, furniture and wood, textiles, bookbinding, electronics, and footwear.

Regional Analysis

On the basis of geography, the Asia Pacific polyurethane [PU] hot-melt adhesives market is categorized as India, Australia, Japan, China, and the rest of Asia Pacific. The market of China is anticipated to expand at a high CAGR during the forecast period owing to improved lifestyle and increasing population.

However, the market of India is increasing due to increased demand for packaged goods and major development in construction industry. On the other hand, the market in Japan is growing at rapid pace due to increasing customers buying power, increased per capita income, and adoption of bio-based hot-melt adhesives.

Segments

The Asia Pacific polyurethane [PU] hot-melt adhesives market has been segmented on the basis of

Types

Reactive
Non-reactive

Applications

Healthcare
Board, Paper, and Packaging
Bookbinding
Automotive
Textile
Furniture
Electronic and Electrical
Footwear
Other Applications

Region

Asia Pacific
- India
- Australia
- Japan
- China
- Rest of Asia Pacific

Key Players

Sika AG
H.B. Fuller Company
Jowat SE
3M
Henkel AG & Co. KGaA
Arkema Group

Competitive Landscape

Key players competing in the polyurethane [PU] hot-melt adhesives market include Sika AG, H.B. Fuller Company, Jowat SE, 3M, Henkel AG & Co. KGaA, and Arkema Group.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyurethane [PU] Hot-Melt 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] Hot-Melt 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] Hot-Melt Adhesives Market - Supply Chain
  4.5. Global Polyurethane [PU] Hot-Melt Adhesives Market Forecast
     4.5.1. Polyurethane [PU] Hot-Melt Adhesives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Polyurethane [PU] Hot-Melt Adhesives Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Polyurethane [PU] Hot-Melt Adhesives Market Absolute $ Opportunity
5. Global Polyurethane [PU] Hot-Melt Adhesives Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Types
     5.3.1. Reactive
     5.3.2. Non-reactive
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Polyurethane [PU] Hot-Melt Adhesives Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Polyurethane [PU] Hot-Melt Adhesives Demand Share Forecast, 2019-2026
7. North America Polyurethane [PU] Hot-Melt 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
  7.2. North America Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Types
     7.4.1. Reactive
     7.4.2. Non-reactive
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Polyurethane [PU] Hot-Melt Adhesives Demand Share Forecast, 2019-2026
8. Latin America Polyurethane [PU] Hot-Melt 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. Latin America Average Pricing Analysis
  8.2. Latin America Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Types
     8.4.1. Reactive
     8.4.2. Non-reactive
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Polyurethane [PU] Hot-Melt Adhesives Demand Share Forecast, 2019-2026
9. Europe Polyurethane [PU] Hot-Melt 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. Europe Average Pricing Analysis
  9.2. Europe Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Types
     9.4.1. Reactive
     9.4.2. Non-reactive
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Polyurethane [PU] Hot-Melt Adhesives Demand Share Forecast, 2019-2026
10. Asia Pacific Polyurethane [PU] Hot-Melt 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Types
     10.4.1. Reactive
     10.4.2. Non-reactive
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Polyurethane [PU] Hot-Melt Adhesives Demand Share Forecast, 2019-2026
11. Middle East & Africa Polyurethane [PU] Hot-Melt Adhesives Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Polyurethane [PU] Hot-Melt Adhesives Market Size and Volume Forecast by Types
     11.4.1. Reactive
     11.4.2. Non-reactive
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Polyurethane [PU] Hot-Melt Adhesives Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Polyurethane [PU] Hot-Melt Adhesives Market: Market Share Analysis
  12.2. Polyurethane [PU] Hot-Melt Adhesives Distributors and Customers
  12.3. Polyurethane [PU] Hot-Melt Adhesives Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Sika AG
     12.4.2. H.B. Fuller Company
     12.4.3. Jowat SE
     12.4.4. 3M
     12.4.5. Henkel AG & Co. KGaA
     12.4.6. Arkema Group

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