Polyurethane Adhesives Market Regional Analysis:
North American Market Insights
North America polyurethane adhesives market is expected to hold a share of 35% during the forecast period. The growth can be attributed to the presence of major automotive companies in advanced countries, which is also supported by increased construction activity. According to the data, 3,033,216 cars and 8,156,769 commercial vehicles were manufactured in the US in 2019. Because people in this area have increased their disposable income, they're demanding ownership of homes.
APAC Market Insights
The polyurethane (PU) adhesives market in Asia Pacific is expected to hold a share of 26% during the forecast period. Due to increased demand for adhesives in the furniture sector, this market growth can be attributed. It is also expected that the consumption of polyurethane adhesives in these areas will rise over the forecast period due to an increased number of vehicle production and sales.
