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Chicago, December 13, 2021/PRNewswire/-This polyurethane adhesive market report contains in-depth analysis and data-driven insights on the impact of COVID-19.
During 2021-2027, the polyurethane adhesive market is expected to grow at a compound annual growth rate of more than 6%.
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Polyurethane adhesive market-opportunity assessment
The company now focuses on providing low-VOC or VOC-free environmentally friendly polyurethane adhesives. In order to maintain a competitive advantage, global players are focusing on developing innovative products and increasing their product portfolios by investing heavily in research and development. In addition, with the increasing demand for water-based adhesives, especially in Europe, the growth opportunities of the water-based polyurethane adhesive market are expected to increase. The increasing popularity of electric vehicles will make the automotive industry continue to be the main market for polyurethane adhesive suppliers. The construction industry is expected to surge in market demand in the next few years. During the ongoing pandemic, mass vaccination campaigns and unlocking relaxation have expanded the growth of the automotive industry, which in turn will drive the demand for polyurethane adhesives in the automotive and transportation industries.
Polyurethane adhesive market composition
Polyurethane adhesive market by resin type
Polyurethane adhesive market by distribution channel
Application of polyurethane adhesive market
Polyurethane adhesive market by technology
Polyurethane adhesive market by region
The main driving factors and trends driving market growth:
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