Polyurethane Adhesives Market Size, Opportunities, Key Share Analysis, Top Suppliers, Growth, Regional Trends, Key Segments, Graph and Forecast to 2027
The Polyurethane Adhesives market is projected to grow from USD 8.1 billion in 2022 to USD 10.3 billion by 2027, at a CAGR of 5.0% between 2022-2027. Asia Pacific is estimated to be the largest consumer of Polyurethane Adhesives. The global Polyurethane Adhesives major players have opportunities by growing urbanization and construction industry.
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Polyurethane Adhesives Companies:
The key players operating in the market Henkel AG & Co. KGAA (Germany), H.B. Fuller Company (US), Dow Inc. (US), Sika AG (Switzerland), and 3M Company (US) and others.
Henkel AG & Co. KGaA operates globally with a well-balanced and diversified portfolio. It manufactures and distributes homecare, laundry, cosmetics, and adhesive products, globally. The company operates through four main business segments, namely, Adhesive Technologies, Laundry & Home Care, Beauty Care, and Corporate. Adhesives & sealants are produced under the Adhesive Technologies segment. Henkel offers products for multitude applications to cater to the needs of different target groups: consumers, craftsmen, and industrial businesses. Henkel Adhesive Technologies is the global leader in adhesives, sealants, and functional coatings worldwide. Henkel has operations in Europe, the Middle East & Africa, North America, Latin America, and the Asia Pacific. It operates 138 production sites in 58 countries. The company has many international and regional competitors; however, its main competitors are Sika AG (Switzerland), Arkema (France), and H.B. Fuller (US).
Dow Inc. serves as the holding company for The Dow Chemical Company (TDCC) and its consolidated subsidiaries. On April 1, 2019, DowDuPont Inc. completed the separation of its Material Science business, and Dow Inc. became the direct parent company of TDCC and its consolidated subsidiaries, owning all of the outstanding common shares of TDCC. Dow Inc. operates through four main business segments; Packaging & Specialty Plastics; Industrial Intermediates & Infrastructure; Performance Materials & Coatings; and Corporate. It manufactures a wide range of adhesives under all of its business segments. The company’s adhesives mainly cater to automotive, appliances, aerospace, and other industrial applications such as wind turbines, gaskets, and bonding.
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India’s key industries encompass automobiles, aerospace, railways, chemicals, defense, manufacturing, and packaging. Forecasts from the Federation of Indian Chambers of Commerce and Industry (FICCI) indicate a substantial 9% surge in the Indian chemical sector by 2025. Similarly, the Indian automotive sector is experiencing significant evolution and expansion, propelled by consistent economic growth, infrastructure advancements, rising consumer purchasing power, and competitive labor costs. Recognizing India as a pivotal global sourcing center, international automotive giants are eager to tap into its promising opportunities.
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