URETHANE ADHESIVES MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

Unlike most structural adhesives, urethane adhesives perform well under low temperatures, and bond well with wooden surfaces, which has led to an increase in their demand from the wood industry. Furthermore, the demand for urethane adhesives is expected to grow significantly owing to their growing application in the construction sector. Their excellent bonding with a variety of substrates such as concrete, plastic, glass, and wood is expected to propel demand for urethane adhesives over the forecast period. With the growing expansion of the construction and building sector, demand for urethane adhesives is expected to increase significantly. Moreover, key players in the construction sector are focused on expanding their presence to untapped markets by combining innovation with business strategies such as marketing and collaborations. This, in turn, is expected to have a huge impact on the growth of the urethane adhesives market on a global scale. Manufacturers are also focusing on introducing bio-based products to address the growing concern around the environmental risks connected with urethane adhesives.

It is worth noting, however, that urethanes are not resistant to high temperature and are likely to decompose at much lower temperatures in comparison with epoxy adhesives. Furthermore, several urethane adhesives do not bond well to metals in the absence of a layer of primer that needs to be applied to the substrate prior to bonding. These factors may have some impact on the overall growth of the global urethane adhesives market.