Polyurethane Adhesives Market 2024 Key players H.B. Fuller, Huntsman Corporation, Ashland, The Dow Chemical Company, 3M, Sika AG, Arkema, Scott Bader Company, Henkel AG & Company and Illinois Tool Works
Europe polyurethane adhesives market size, led by UK, France, and Germany may register significant gains over the forecast period.
(EMAILWIRE.COM, August 17, 2018 ) Strong application outlook in electrical & electronics industry is likely to stimulate Polyurethane Adhesives Market. It is used in the packaging of electronic devices thereby ensuring long term reliability and potting sensitive electronic components. Moreover, PU adhesives are highly elastic and stable against humidity and temperature coupled with excellent dielectric characteristics. Global consumer electronics industry was valued at over USD 1.5 trillion in 2016 and is expected to surpass USD 3 trillion by 2024. Increasing internet penetration, improving standard of living and rising disposable income may lead for technically advanced smartphones, laptops, tablets, personal care devices, digital cameras and audio players demand, thereby boosting industry growth.
Polyurethane Adhesives Market size is likely to witness steady gains over the foreseeable timeframe owing to its increasing demand from various building & construction, packaging, electronic & electrical, automotive, furniture, and footwear industries. PU adhesives are capable of binding various porous and non-porous materials such as rubber, wood, metals, glass and plastics.
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Polyurethane adhesives are also known as an elastic glue, is a polymer formed by the reaction of polyol and isocyanates and is composed of units of linear polymeric chains connected by carbamate or urethane links. PU adhesives are weather resistant and generally suitable for outdoor projects. These are available as sealants which provides high strength and long-lasting bond thereby catering to various end-use industries.
Positive indicator in construction spending in the U.S., China, India, Germany, and Brazil owing to rise in expansion of various green building technologies along with commercial and residential building infrastructure should drive polyurethane adhesives market size. Global construction market size was valued at over USD 8 trillion in 2016 and may exceed USD 10 trillion by 2024 owing to increasing government investments in various infrastructure facilities. Polyurethane adhesives are high-performance construction grade glue which are used for gluing various construction materials providing excellent durability and low shrinkage thereby fuelling product demand
Europe polyurethane adhesives market size, led by UK, France, and Germany may register significant gains over the forecast period. Major automobile companies such as Mercedes, BMW and Audi are based in Europe which is likely to have a positive affect the regional product demand. Rapid industrialization and urbanization coupled with stringent government regulations will fuel the PU adhesives market size.
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Polyurethane adhesives cost is higher than other counterpart which may challenge industry growth. Volatility in petrochemical based raw material costs along with stagnant production may hinder industry profitability and affect PU adhesives market price trend. However, development and introduction of new technologies accompanied by availability of customized glues to cater various end-use industries may fuel polyurethane adhesives market demand. Increasing R&D spending mainly in construction and manufacturing sectors may stimulate industry growth. Shift in consumer trend towards bio-based polyols may create new avenues in the market.
Global polyurethane adhesives market share is moderately consolidated and competitive with major companies including H.B. Fuller, Huntsman Corporation, Ashland, The Dow Chemical Company, 3M, Sika AG, Arkema, Scott Bader Company, Henkel AG & Company and Illinois Tool Works. Most of the manufacturers are supplying raw materials and forming partnerships in order to enhance product portfolio and expand business.
Polyurethane Adhesives Market size is likely to witness steady gains over the foreseeable timeframe owing to its increasing demand from various building & construction, packaging, electronic & electrical, automotive, furniture, and footwear industries. PU adhesives are capable of binding various porous and non-porous materials such as rubber, wood, metals, glass and plastics.
Request for table of contents of this report @ https://www.gminsights.com/request-toc/upcoming/2257
Polyurethane adhesives are also known as an elastic glue, is a polymer formed by the reaction of polyol and isocyanates and is composed of units of linear polymeric chains connected by carbamate or urethane links. PU adhesives are weather resistant and generally suitable for outdoor projects. These are available as sealants which provides high strength and long-lasting bond thereby catering to various end-use industries.
Positive indicator in construction spending in the U.S., China, India, Germany, and Brazil owing to rise in expansion of various green building technologies along with commercial and residential building infrastructure should drive polyurethane adhesives market size. Global construction market size was valued at over USD 8 trillion in 2016 and may exceed USD 10 trillion by 2024 owing to increasing government investments in various infrastructure facilities. Polyurethane adhesives are high-performance construction grade glue which are used for gluing various construction materials providing excellent durability and low shrinkage thereby fuelling product demand
Europe polyurethane adhesives market size, led by UK, France, and Germany may register significant gains over the forecast period. Major automobile companies such as Mercedes, BMW and Audi are based in Europe which is likely to have a positive affect the regional product demand. Rapid industrialization and urbanization coupled with stringent government regulations will fuel the PU adhesives market size.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2257
Polyurethane adhesives cost is higher than other counterpart which may challenge industry growth. Volatility in petrochemical based raw material costs along with stagnant production may hinder industry profitability and affect PU adhesives market price trend. However, development and introduction of new technologies accompanied by availability of customized glues to cater various end-use industries may fuel polyurethane adhesives market demand. Increasing R&D spending mainly in construction and manufacturing sectors may stimulate industry growth. Shift in consumer trend towards bio-based polyols may create new avenues in the market.
Global polyurethane adhesives market share is moderately consolidated and competitive with major companies including H.B. Fuller, Huntsman Corporation, Ashland, The Dow Chemical Company, 3M, Sika AG, Arkema, Scott Bader Company, Henkel AG & Company and Illinois Tool Works. Most of the manufacturers are supplying raw materials and forming partnerships in order to enhance product portfolio and expand business.
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Arun Hegde
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results