Polyurethane Adhesives Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Polyurethane-based adhesives are used in bonding solid and relatively inflexible substances and provides high UV resistance. Polyurethane polymers are formed by the reaction of isocyanate and a polyol. Both isocyanates and polyols used in the process contain two or more functional groups per molecule. They are used for bonding wood, leather, metals, cured epoxy, rubbers, tile, glass, plastics, concrete, and brick. Excellent strength, fast curing time, good optical clarity, good abrasion and chemical resistance, and good strength & impact resistance are some of the key features of polyurethane adhesives.

Threadlocker polyurethane adhesives and sealants have the ability to lock threads against loosening triggered by heavy vibrations and loads. Polyurethane adhesives are very flexible and durable and offer good impact resistance. They offer high degree of thermal resistance and are resistant to chemical abrasion, as well as in the level of their bulk flexibility. They are used to seal fuel tanks and are not damaged, when subjected to prolonged periods of high temperatures. This type of polyurethane adhesive is flame-resistant. In flooring application, polyurethane adhesives offer excellent high and low temperature operability and adhesion to untreated plastics.

Polyurethane Adhesives Market Taxonomy

On the basis of product type, the Polyurethane Adhesives market is classified into:

  • Thermoplastic
  • Thermoset

On the basis of technology, the global Polyurethane Adhesives market is classified into:

  • Dispersion
  • Solvent-borne
  • Reactive
  • Hot Melt

On the basis of end-use industry, the global Polyurethane Adhesives market is classified into:

  • Building & Construction,
  • Electrical & Electronics
  • Packaging
  • Automotive
  • Furniture
  • Footwear

Polyurethane adhesives are gaining increased acceptance in the home construction industry, owing to bonding ability to many types of substrates which includes plastic, glass, wood and concrete. Two-part polyurethane adhesives are usually used for bonding ceiling drywall to roof rafters. The first stage mechanism is to immediately avoid a caving-in effect on vertical surfaces and the second stage is to provide a strong and permanent seal. Moisture-curable polyurethane adhesives are extensively used in subflooring and for carpentry applications such as staircases and cabinets. The use of a polyurethane adhesive can prevent separation cracks forming due to seasonal changes which can cause wood to contract and expand. In Automotive industry, polyurethane adhesives are used in for vehicle interiors and for bonding windshields.

Polyurethane Adhesives Market Outlook – Modern Infrastructural needs to be the Major Market Driver

Asia Pacific and North America are expected to be the most potential markets for polyurethane adhesives manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. This is owing to the constantly growing construction industry in developing countries such as India and China. According to India Brand Equity Foundation (IBEF)—a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—the Indian construction industry is expected to be pegged at US$ 5 billion by 2020. Various government schemes and foreign investments have augmented growth of polyurethane adhesives market in the region. Growing infrastructural needs in India has attracted various investors such as Silver Spring Capital Management, Altico Capital, The Construction Industry Development Board of Malaysia, and among others.

Application of adhesives in industries such as building & construction, packaging, automobile, aerospace, electrical & electronics, and locomotives, especially in Asia Pacific and Middle East regions. Mergers and acquisitions and expansions in various geographies are some of key strategies followed by the top players in the construction chemicals market. In August 2016, Pidilite Industries, a leading manufacturer of construction chemicals, adhesives and sealants with Industria Chimica Adriatica Spa (ICA) of Italy formed an equal joint venture company - Wood Coat. Some of the major companies operating in the global plastic additives market are Huntsman Corporation, 3M, Sika AG, Ashland Inc., Arkema S.A., H.B. Fuller, Illinois Tool Works Inc., Henkel AG & Co. KGaA, Scott Bader Company Ltd., and The Dow Chemical Company.

Research Methodology

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  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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