Lucintel's latest market report analyzed that polyurethane (PU) adhesives in the global specialty adhesive provides attractive opportunities in looks promising with opportunities in the automotive, building & construction, packaging, leather & footwear, general industrial, furniture & decoration end use industries. The polyurethane (PU) adhesives in the global specialty adhesive market is expected to reach $11.0 billion by 2028 with a CAGR of 5.5%. In this market, thermoplastic is the largest segment by product type, whereas building & construction is largest by end use industry.
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Based on product type, the polyurethane (PU) adhesives in the global specialty adhesive market is segmented into thermosets and thermoplastics. The thermoplastic segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its increasing application in structural and load bearing applications owing to its properties, such as adjustable sealing temperature, high track, and ability to stick to various surfaces, like metal, rubber, or wood.
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The Polyurethane (PU) Adhesives in the Global Specialty Adhesive Market is marked by the presence of several big and small players. Some of the prominent players offering polyurethane (PU) adhesives in the global specialty adhesive include Henkel, KGAA, H.B. Fuller Company, Dow, Sika AG, and 3M Company.
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