URETHANE ADHESIVES MARKET ANALYSIS

Regional Analysis

Market Outlook

Asia Pacific is expected to witness the largest growth over the forecast period, and is expected to emerge as the fastest growing market for urethane adhesives. Europe is projected to account for the second largest market share, followed by North America. Rapid industrialization in emerging economies such as China and India, especially in the construction and transportation sectors, is likely to propel growth of the urethane adhesives market in Asia Pacific. Growing demand for high quality products, particularly in China, is estimated to have a positive effect on the market. Increasing number of construction projects in large economies such as India, China, and Brazil, coupled with policies employed by environmental agencies in the region has led to an increase in demand for bio-based products, which in turn is driving market players to invest in introducing ecofriendly versions urethane adhesives. These factors have opened up new opportunities for market growth.