According to a market report by Lucintel, the future of the global PUR hot-melt adhesive market looks promising with opportunities in the construction, automotive, electronics, textile, footwear, bookbinding, furniture, edge banding, and wood working markets. The global PUR hot-melt adhesive market is expected to grow with a CAGR of 7.1% from 2024 to 2030. The major drivers for this market are rising preference for bio-based PUR hot-melt adhesives and growing demand for this adhesive from automotive and electronics.
A more than 150-page report to understand trends, opportunity and forecast in PUR hot-melt adhesive market to 2030 by form (thermosetting and thermoplastic), packaging (granulate, cartridges, tin cans, hobbocks, and drums), application (construction, automotive, electronics, textile, footwear, bookbinding, furniture, edge banding, wood working, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that thermosetting will remain the larger segment over the forecast period due to its low initial bond strength that rises with time as the adhesive interacts with atmospheric moisture.
Within this market, furniture will remain the largest segment due to broad application of PUR hot-melt adhesive in this sector for developing architectural and aesthetically pleasing aspects through profile wrapping, post-formation, and soft working.
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In terms of regions APAC will remain the largest region over the forecast period due to growing demand for PUR hot-melt adhesive from automotive, construction, and furniture manufacturing units of the region.
Jowat, 3M, H.B. Fuller, Henkel, Tex Year Industries, Arkema, Henkel, Bostik, Evans Adhesive, Sika are the major suppliers in the PUR hot-melt adhesive market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Lucintel
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