Urethane adhesive or urethane structural adhesives are two-part formulations that react when mixed together and do not require moisture to cure. These adhesives are highly flexible even after curing and thus, tend to have excellent impact and vibration resistance. Urethane adhesives come in two types Urethane Stick and Urethane Powder. Both have adhesive properties that can be used to fasten and seal a wide range of products. Humiseal urethane adhesives are typically designed for more demanding bonding needs in industries such as automotive, electronics, and healthcare products among many others. Urethane adhesives come in two types Urethane Stick and Urethane Powder.
Increasing construction and infrastructure expenditure is expected to drive growth of the global urethane adhesives market during the forecast period. Urethane adhesives are typically used in the construction and infrastructure sector as primers in the production of sandwich panels. The construction and infrastructure industry has witnessed massive growth over the years in both developed and emerging economies. According to the India Brand Equity Foundation (IBEF), India is expected to become the third-largest construction market in the world by 2022. According to the same source, the construction development and infrastructure sector received the foreign direct investment (FDI) of US$ 25.66 billion and US$ 16.84 billion between April 2000 and March 2020. Such robust growth of the construction sector has led to increase in demand for urethane adhesives. Hence, these factors are expected to drive growth of the global urethane adhesives market growth over the forecast period. Moreover, growing investment by manufacturers in R&D activities to innovate new technologies and bio-based urethanes is expected to boost the global urethane adhesives market growth over the forecast period.
However, varying rules and regulations across the globe combined with environmental hazards are expected to restrain growth of the global urethane adhesives market growth over the forecast period. Among regions, Asia Pacific is expected to witness significant growth in the global urethane adhesives market during the forecast period, followed by North America and Europe. This is owing to rising use of urethane adhesives in various applications such as furnishing, transportation, and construction in the region. Moreover, North America is expected to register a robust growth rate over the forecast period, owing to rapid growth of the transportation and construction sectors.
Key companies involved in the global urethane adhesives market are The Dow Chemicals, RPM International Inc., E. I. du Pont de Nemours and Company, 3M Company, Henkel AG & Co. KGaA, Lord Corporation, BASF, and H.B Fuller Company.
For instance, in July 2018, 3M Company launched multi-material urethane adhesives DP6310NS and DP6330NS for composite assembly.
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