Polyurethane Adhesives Market Trends

Growth Drivers

• Increasing Application of Polyurethane Adhesives – Due to its applications in dairy goods as well as in packaging and the industrial sector, polyurethane adhesives are a product that can be utilized in a variety of products. In her packaging industry, the use of polyurethane adhesive increased from 2.2% in 2018 to 5% in 2019.
• Increasing Shift Towards Eco-Friendly Products – The need for environmentally friendly adhesives rises as people become more conscious of how chemicals affect the environment and human health. Due to their low emissions of volatile organic compounds (VOCs), polyurethane adhesives are a popular choice among consumers seeking an environmentally acceptable substitute for conventional adhesives.
• Growing Construction Industry – In the forecast period, Polyurethane Adhesives represent one of the largest applications in the vehicle and building sectors which will also have a positive impact on market growth. With regard to the construction industry, polyurethane adhesive has a wide range of characteristics that are important in terms of its performance as regards good cohesion, adhesion, flexibility, durability, and Interco ciliation; which is also beneficial for the sector.

Challenges

• Environmental Regulations in Some Regions – Due to some environmental concerns, polyurethane adhesive is subject to regulation by various bodies in Europe and North America. The growth of the market could be hampered by this factor.
• High Competition from Epoxy Adhesives
• Disrupted Supply Chain due to Covid-19 Pandemic