Worldwide Polyurethane (PU) Hot-melt Adhesive Market by Type, Application and Geography - Growth, Trends, and Forecast (2018-2023) - ResearchAndMarkets.com

February 4, 2019

DUBLIN--(BUSINESS WIRE)--Feb 4, 2019--The “Polyurethane (PU) Hot-melt Adhesive Market - Segmented by Type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.

The Global Polyurethane (PU) Hot-melt Adhesive Market is expected to register a CAGR of 7.83% during the forecast period, 2018 to 2023. This growth is primarily driven by the rapidly growing demand from woodworking and automotive industries, and growing environmental awareness.

Growing Environmental Awareness

Environmental awareness is one of the key factors driving the market. Volatile Organic Compounds (VOCs) emission in adhesives is a factor of concern. Constant push from regulatory authorities, such as EPA (Environmental Protection Agency), and REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) is likely to limit the use of solvent-borne adhesives.

Major adhesive manufacturers have been forming joint ventures, and are collaborating with top biotechnology firms to gain competitive advantage and further sustainability. Manufacturers are increasingly investing in manufacturing and product development programs to engineer eco-friendly adhesives based on vegetable oils, organic starch, soy, and water.

The manufacture of polyurethane adhesives, derived from microbial processes and fermentation, are gaining popularity. Thus, it is expected to drive the PU hot melt adhesives market.

Innovative Product Development to Gain a Competitive Edge

Innovation always leads to new trends and higher achievements, in terms of brand experience and revenue. The superior quality and features offered by PU hot-melt adhesives have made it popular among consumers.

Henkel has developed a PUR hot-melt for the spine, side, and end-paper gluing (with an iso-cyanate concentration of less than 0.1%), which lies far below the legal hazard labelling threshold. It meets the stringent environmental regulations of the Scandinavian countries.

The product also complies with REACH, the European regulation on chemicals. Jowat, one of the leading suppliers of industrial adhesives, developed a new unfilled PUR hot-melt adhesive to meet the highest requirements for quality and appearance in edge banding.

Furthermore, the adoption of bio-based polyurethane hot melt adhesives and the recovering construction industry in the region will offer numerous opportunities for the growth of the market.

Reactive Type to Dominate the Market

The reactive PU hot-melt adhesives provide excellent temperature and environmental resistance. Moreover, these adhesives can withstand exposure to temperatures from -40F to +200F while maintaining strong bonds.

The major applications of reactive PU hot melt adhesives include furniture, packaging, bookbinding, and product assembly which aids this market segment to achieve over 80% of the global market share.

Market Dynamics


Growing Demand from the Woodworking and Automotive Industries Rising Environmental Awareness


Volatility in Availability and Price of Raw Material


Innovative Product Development to Gain Competitive Edge Growing Adoption of Bio-based PU Hot-melt Adhesives

Topics Covered

1. Introduction

2. Executive Summary

3. Market Insights

3.1 Industry Value Chain Analysis

3.2 Industry Attractiveness - Porter’s Five Forces Analysis

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

5. Market Segmentation and Analysis

5.1 By Type

5.2 By Application

6. Regional Market Analysis

6.1 Asia-Pacific

6.2 Europe

6.3 North America

6.4 South America

6.5 Middle-East & Africa

7. Competitive Landscape

7.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements

7.2 Market Share Analysis

7.3 Strategies Adopted by Leading Players

8. Company Profiles

8.1 3M Company

8.2 Adhesive Technologies Inc.

8.3 American Chemical

8.4 Arkema Group (Bostik SA)


8.6 Buhnen GmbH & Co. KG

8.7 Collano Adhesives AG

8.8 Covestro AG

8.9 Delo Industrial Adhesives

8.10 DIC Corporation

8.11 Sika AG

8.12 H.B. Fuller

8.13 Henkel AG & CO. KGaA

8.14 Jowat SE

For more information about this report visit https://www.researchandmarkets.com/research/44zvbl/worldwide?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190204005645/en/

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Related Topics:Polyurethanes,Adhesives and Sealants



SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/04/2019 01:27 PM/DISC: 02/04/2019 01:27 PM


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