Polyurethane Adhesives Market worth $10.3 billion by 2027 | Key players Henkel AG & Co. KGAA (Germany), H.B. Fuller Company (US), Dow Inc. (US), Sika AG (Switzerland).

According to recent market research the "Polyurethane Adhesives Market by Resin Type (Thermoset, Thermoplastic), Technology (Solvent-borne, 100% solids, Dispersion), End-use Industry (Automotive, Construction, Packaging, Footwear, Industrial, and Furniture), Region - Global Forecast to 2027", 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. Versatility of Polyurethane Adhesives boost the market demand.

Browse 193 market data Tables and 47 Figures spread through 227 Pages and in-depth TOC on "Polyurethane Adhesives Market - Global Forecast to 2027"
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Adhesives are used mainly in the automotive industry for bonding different automotive components, trucks, and buses. Polyurethane adhesives are used extensively in this end-use industry for improving performance, developing lightweight designs, and fabricating structures using multi-materials such as glass fiber-reinforced composite, carbon fiber composites, aluminum, and others. The growing importance of composites as materials for automotive applications and the need for adhesives that can withstand higher service temperatures have created growth potential for new high-temperature-resistant adhesives.

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The major industries in India include automobiles, aerospace, railway, chemical, defense, manufacturing, and packaging. According to the Federation of Indian Chambers of Commerce and Industry (FICCI), the Indian chemical industry will witness exponential growth of 9% by 2025. The Indian automotive industry is witnessing a phase of rapid transformation and growth, mainly driven by stable economic growth, infrastructural development, increased spending capacity of individuals, and low labor costs. Global automotive companies see India as a global sourcing hub and are keen to exploit its potential.

The key players profiled in the Polyurethane Adhesives market report are Henkel AG & Co. KGAA (Germany), H.B. Fuller Company (US), Dow Inc. (US), Sika AG (Switzerland), and 3M Company (US).

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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 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 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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