NEW YORK, Nov. 29, 2021 /PRNewswire/ -- The urethane adhesives market is set to grow by USD 1.76 bn, progressing at a CAGR of 4.41% from 2021 to 2026. The urethane adhesives market is fragmented, and the degree of fragmentation is expected to accelerate during the forecast period.
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Factors such as growing demand from the building and construction industry, growing demand from the flexible packaging industry, and availability of varied grades of urethane adhesives will offer immense growth opportunities. However, the volatile raw material price will hamper the market growth. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The report covers the following areas:
Urethane Adhesives Market 2022-2026: Segmentation
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Urethane adhesives Market 2022-2026: Vendor Analysis and Scope
To help businesses improve their market position, the urethane adhesives market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include 3M Co., Arkema SA, Avery Dennison Corp., Dow Inc., H.B. Fuller Co., Henkel AG and Co. KGaA, Illinois Tool Works Inc., Pidilite Industries Ltd., Sika AG, and Wacker Chemie AG.
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Urethane adhesives Market 2022-2026: Regional Analysis
Technavio offers an up-to-date analysis of the geographical composition of the market. We also offer competitive intelligence and regional opportunities for vendors. Based on our research, APAC is expected to dominate the market during the forecast period, with a market growth share of 30%. China is the key country for the urethane adhesives market in the region. APAC has been recording a significant growth rate. Hence, it is expected to offer several growth opportunities to market vendors during the forecast period. Growing demand from the flexible packaging industry will drive the urethane adhesives market growth in APAC over the forecast period.
Urethane adhesives Market 2022-2026: Key Highlights
Related Reports:
Urethane Adhesives Market Scope |
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Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.41% |
Market growth 2022-2026 |
USD 1.76 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.94 |
Regional analysis |
Europe, North America, APAC, MEA, and South America |
Performing market contribution |
APAC at 30% |
Key consumer countries |
US, Germany, France, China, and Switzerland |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
3M Co., Arkema SA, Avery Dennison Corp., Dow Inc., H.B. Fuller Co., Henkel AG and Co. KGaA, Illinois Tool Works Inc., Pidilite Industries Ltd., Sika AG, and Wacker Chemie AG |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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