Polyurethane Adhesives Market

Segmentation by Technology (Solvent-borne, Solids, Dispersion, and Others); by Type (Thermoset, and Thermoplastic); and by Application (Automotive & Transportation, Footwear, Building & Construction, Furniture, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3610 | Published On: Feb 07, 2023
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Global Polyurethane Adhesives Market Regional Synopsis

On the basis of geographical analysis, the global polyurethane adhesives market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing demand for adhesive amongst the growing construction, and furniture industries, in the region. Besides this, the growth in the automotive manufacturing industry, in countries, such as, China, Japan, India, and Malaysia, is also estimated to boost the market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of presence of major automotive manufacturers in the developed countries, along with growth in the construction sector. According to the data by Organization Internationale des Constructeurs d'Automobiles (OICA), also known as, International Organization of Motor Vehicle Manufacturers, 3,033,216 cars and 8,156,769 commercial vehicles were manufactured in the U.S. in 2017.

Polyurethane Adhesives Market

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The global polyurethane adhesives market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Polyurethane Adhesives Market
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Major Macro-Economic Indicators Impacting the Market Growth


The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Market Segmentation

Our in-depth analysis of the global polyurethane adhesives market includes the following segments:

By Technology

  • Solvent-borne
  • Solids
  • Dispersion
  • Others

By Type

  • Thermoset
  • Thermoplastic

By Application

  • Automotive & Transportation
  • Footwear
  • Building & Construction
  • Furniture
  • Others

Growth Drivers

  • Increasing Application of Polyurethane Adhesives 
  • Growing Automotive and Construction Industries


  • High Competition from Epoxy Adhesives
  • Disrupted Supply-Chain due to Covid-19 Pandemic

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Top Featured Companies Dominating the Market

    • The 3M Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • H.B. Fuller Company
    • Henkel AG & Co. KGaA
    • Arkema group
    • Sika AG
    • Toyochem Co., Ltd.
    • Lonza Group AG
    • Akzo Nobel N.V.
    • Wacker Chemie AG
    • Royal Adhesives & Sealants, LLC

In The News

  • August, 2021: Arkema announced the acquisition of Ashland Performance Adhesives, a leader in high performance adhesives for industrial applications, to boost its portfolio in the United States adhesive and sealant market.

  • September, 2020: Toyochem Co., Ltd., launched a new Cyabine series of ultra-high solids polyurethane pressure-sensitive adhesives (PSAs). The solvent and volatile content of this adhesive is reduced to minimal limit.

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the polyurethane adhesives market?

Ans: The growing application of synthetic adhesives in the construction, automotive, and furniture industry, is estimated to boost the market growth.

2) What would be the CAGR of polyurethane adhesives market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the polyurethane adhesives market growth?

Ans: High competition from epoxy adhesives is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of polyurethane adhesives market in future?

Ans: The market in the Asia Pacific region will provide more business opportunities over the forecast period, owing to the growing chemical industry in the region.

5) Who are the major players dominating the polyurethane adhesives market?

Ans: The major players in the market are H.B. Fuller Company, Henkel AG & Co. KGaA, Arkema group, Sika AG, Toyochem Co., Ltd., Lonza Group AG, Akzo Nobel N.V., Wacker Chemie AG, Royal Adhesives & Sealants, LLC., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the polyurethane adhesives market?

Ans: The market is segmented by technology, type, application, and by region.

8) Which segment captures the largest market size in application segment in the polyurethane adhesives market?

Ans: The furniture segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

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