TAGS: Polyurethane Adhesives Sealants
Research and Markets (RM) anticipates that the global polyurethane adhesives and sealants market is projected to grow at a CAGR of 4.5 percent, during the forecast period (2019-2027).
Increasing applications in various end-user industries and high demand from the construction industry are propelling market growth. However, volatility in availability and price of raw material is hampering market growth.
PU Sealants Provide Excellent Stress Recovery
Polyurethane adhesives are those glues that are made of urethane polymers with chemical-based of isocyanate group. Polyurethane adhesives and sealants offer strong bonding and tight seals in a variety of applications.
Polyurethane adhesives offer the advantage of the quick development of "green strength," where the adhesive provides an early bond before fully curing. Polyurethane sealants provide excellent stress recovery to retain shape after being bent or pulled, fast curing rates and even adherence to non-primed concrete.
Highest Growth in Asia Pacific Region
Based on the application, the building and construction segment is going to have a lucrative growth during the forecast period as PU adhesives and sealants have rapid curing and low strength properties, making it an excellent choice for woodworking and other construction applications.
By geography,
Asia Pacific is going to have a lucrative growth during the forecast period due to the rise of customized packaging, increased demand for packaged consumerist goods, in the food segment.
Source: Research and Markets