Demand for bio-based PU hot-melt adhesives rising, new report says. The market for polyurethane and sealants is expected to register a CAGR of over 5% during the 2021-2026 forecast period.
Major factors driving the market are increasing applications in various end-user industries is and demand from construction industry. Volatility in availability and price of raw material is likely to hinder the markets growth, according to the new report by Research and Markets. Rising demand for bio-based PU hot-melt adhesives is likely to act as an opportunity for the market studied.
Building and Construction to Dominate the Market
PU adhesives and sealants have rapid curing and low strength properties, making it an excellent choice for woodworking and other construction applications.
They provide high strength required to hold construction materials together. For example, the use of PU adhesives to assemble wood furniture, eliminates the need for screws and nails. This means the overall aesthetic contour of the wood furniture is preserved, while the time and effort required to drill holes for the nails are eliminated.
This material is versatile, when it comes to product assembly adhesives. It suits plastics, glass, PVFs, aluminums, stainless steel, and other metals, regardless of the toughness of bond substrates.
Hot-melt technology excels, when it comes to window sealants, gaskets, fabrics, and light metal applications. The ease of use and quick curing time of PU hot-melt adhesives have found applications in flooring, countertops, and shower walls.
Plastic-based design floors are the latest drift in floorings. They can be laminated with transparent foils. PU hot-melt adhesives play a key role in the manufacturing of design floors by its application on the reverse side of foils.
The high strength and durability for kitchens and bathroom cabinets, such as for floor walls and for shower walls, can be achieved with the moisture resistant PU hot-melt adhesives.
Increasing building and construction activities in developing nations, specially in Asia-Pacific, have increased the demand for furniture, which eventually is boosting the demand for PU adhesives and sealants market, during the forecast period.
The market for polyurethane adhesives and sealants is fragmented in nature. Some of the major players include 3M, H.B. Fuller Company., Arkema Group (Bostik SA), Dow, and Henkel AG & Co. KGaA, among others, according to the new report.