© 2019 Global Market Insights, Inc. USA. All Rights Reserved Polyurethane Adhesives Market Outlook with Industry Review and Forecast

Global Market Scenario of Polyurethane Adhesives Industry © 2019 Global Market Insights, Inc. USA. All Rights Reserved  Polyurethane adhesives market from packaging applications may witness significant gains over the forecast timeframe. It is widely used as tubes, squeeze package and single usage packages owing to good UV resistance and ability to set in high moisture conditions is likely to stimulate industry growth. Global packaging market size may register gains at over 5% by 2024 due to increasing consumer demand in the sector. Polyurethane adhesives market  North America driven by Canada, and the U.S polyurethane adhesives market should register significant gains owing to increase in automotive and construction sectors. Increasing infrastructure spending accompanied with favourable government schemes should drive industry growth in the region. Stringent government regulations related to vehicle efficiency in order to curb carbon emission should propel regional 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.

© 2019 Global Market Insights, Inc. USA. All Rights Reserved Regional Trends:- Asia-Pacific led by China, Thailand, Malaysia, South Korea, Japan and India polyurethane adhesives market size may grow significantly over the foreseeable timeframe. Increasing application scope in footwear, construction, transportation and packaging may drive regional growth. Global transportation market size was valued at over USD 4.5 trillion in 2016 owing to government spending in road infrastructure along with rapid urbanization may stimulate industry growth. Indonesia and Thailand are the major automobile manufacturing hub which has create new opportunities for various manufacturers and may excel PU adhesives market demand in the region. 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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© 2019 Global Market Insights, Inc. USA. All Rights Reserved Competitive Trends: 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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