Market Overview:

The Polyurethane Adhesives and Sealants Market size is estimated to reach $6.7Billion by 2030, growing at a CAGR of 5.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Polyurethane Adhesives and Sealants Market – By Type (One Component, Two Component), By Application (Glazing, Flooring and Joining, Concrete Joints, Sanitary, And Kitchen, Submerged ), By End User (Building And Construction, Automotive, General Industries, Marine, Others), By Form (Adhesives, Sealants), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”.

Polyurethane Adhesives and Sealants Market: Key Takeaways

Asia-Pacific region held the largest share:

Asia Pacific held the largest share of the polyurethane market in 2023 up to 41% of the total market share, largely due to rapid urbanization, industrialization, and infrastructure development in countries such as China, India, and Japan. The increasing construction sector, spurred by rising housing demand and public infrastructure projects, also drives the need for strong, flexible, and durable adhesives. Additionally, the automotive industry in Asia-Pacific is a significant consumer of polyurethane adhesives and sealants, as manufacturers adopt these products for their ability to reduce vehicle weight and improve fuel efficiency. The electronics and footwear industries also contribute to market growth, given polyurethane’s versatility and strong bonding properties, ideal for complex assemblies. Overall, the market is poised for steady growth, supported by economic expansion and technological advancements across key sectors.

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Scope of the Report: 

Report Metric 

Details 

Base Year Considered

2023

Forecast Period

2024–2030

CAGR

5.5%

Market Size in 2030

$ 6.927 billion

Segments Covered

Type, Application, End User, Form and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

1. 3M

2. Sika AG

3. H.B. Fuller

4. Arkema S.A

5. BASF SE

6. Mapei S.p.A.

7. Asian Paints Ltd

8. Astral Limited

9. Henkel Adhesives Technologies

10. Soudal Group


Recent Developments:

  • Advancements in polyurethane chemistry have led to the development of high-performance adhesives and sealants with improved properties such as higher bond strength, better weather resistance, and enhanced thermal stability.

  •  The growth of renewable energy sectors, such as solar and wind power, has driven the demand for high-performance polyurethane adhesives and sealants for various applications, including module assembly and wind turbine blade repair.

  •  In January 2022, Sika introduced Purform®, a groundbreaking polyurethane technology, to the UK sealants and adhesives market. Featuring ultra-low VOC and low monomer content, Purform® enhances sustainability while maintaining high performance. Sikaflex Pro-3 and Sikaflex 11FC are among the initial products to utilize this innovative solution.

  •  In November 2022, Soudal solidifies its presence in the thriving Indian market by acquiring full ownership of its former joint venture with McCoy. Renamed 'Soudal India,' the company will maintain its forefront position, focusing on the production and sales of sealants, polyurethane foams, and adhesives, poised for further growth

Polyurethane Adhesives and Sealants Market: Competitive Landscape

Key companies profiled in the Polyurethane Adhesives and Sealants Market are:

1. 3M
2. Sika AG
3. H.B. Fuller
4. Arkema S.A
5. BASF SE
6. Mapei S.p.A.
7. Asian Paints Ltd
8. Astral Limited
9. Henkel Adhesives Technologies
10. Soudal Group 

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Mr. Venkat Reddy
IndustryARC
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