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Polyurethane Adhesives Market report categorizes global market by product type, technology, and end-user Industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
Polyurethane Adhesives Market - Global Industry Insights,
Trends, Outlook, and Opportunity Analysis, 2018–2026
Polyurethane-based adhesives are used in bonding solid and relatively inflexible
substances and provides high UV resistance. Polyurethane polymers are formed
by the reaction of isocyanate and a polyol. Both isocyanates and polyols used in
the process contain two or more functional groups per molecule. They are used
for bonding wood, leather, metals, cured epoxy, rubbers, tile, glass, plastics,
concrete, and brick. Excellent strength, fast curing time, good optical clarity,
good abrasion and chemical resistance, and good strength & impact resistance
are some of the key features of polyurethane adhesives.
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Polyurethane Adhesives Market Outlook – Modern Infrastructural needs
to be the Major Market Driver
Asia Pacific and North America are expected to be the most potential markets
for polyurethane adhesives manufacturers. Asia Pacific is projected to witness
relatively high growth in terms of value over the forecast period. This is owing
to the constantly growing construction industry in developing countries such as
India and China. According to India Brand Equity Foundation (IBEF)—a trust
established by the Department of Commerce, Ministry of Commerce and
Industry, Government of India—the Indian construction industry is expected to
be pegged at US$ 5 billion by 2020. Various government schemes and foreign
investments have augmented growth of polyurethane adhesives market in the
region. Growing infrastructural needs in India has attracted various investors
such as Silver Spring Capital Management, Altico Capital, The Construction
Industry Development Board of Malaysia, and among others.
Application of adhesives in industries such as building & construction,
packaging, automobile, aerospace, electrical & electronics, and locomotives,
especially in Asia Pacific and Middle East regions. Mergers and acquisitions
and expansions in various geographies are some of key strategies followed by
the top players in the construction chemicals market. In August 2016, Pidilite
Industries, a leading manufacturer of construction chemicals, adhesives and
sealants with Industria Chimica Adriatica Spa (ICA) of Italy formed an equal
joint venture company - Wood Coat. Some of the major companies operating in
the global plastic additives market are Huntsman Corporation, 3M, Sika AG,
Ashland Inc., Arkema S.A., H.B. Fuller, Illinois Tool Works Inc., Henkel AG &
Co. KGaA, Scott Bader Company Ltd., and The Dow Chemical Company.
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pallavi.reddy
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