The PUR hot-melt adhesives market size has grown strongly in recent years, expanding from $5.04 billion in 2023 to $5.41 billion in 2024, with a compound annual growth rate (CAGR) of 7.2%. This growth in the historic period can be attributed to the expansion of the packaging industry, rising demand for durable and high-performance adhesives, growth within the consumer goods sector, increasing investments in research and development, and the overall growth of e-commerce. Looking ahead, the PUR hot-melt adhesives market size is expected to continue its upward trajectory, reaching $7.18 billion in 2028 at a CAGR of 7.4%. The anticipated growth during the forecast period is driven by the increasing demand for environmentally friendly adhesives, heightened usage of PUR hot-melt adhesives in the automotive sector, and the rising utilization of solvent-based adhesives. Notable trends expected to shape the market include technological advancements, the development of eco-friendly adhesives, the rise of multifunctional adhesives, smart technologies, and the implementation of water-based adhesives.
Global PUR Hot-Melt Adhesives Market Key Driver
The growth of the PUR hot-melt adhesives market is being driven by rising construction activities, which encompass the planning, design, and operation of physical structures and infrastructure. Factors such as urbanization, sustainability, and renovation projects are increasing demand within the construction sector. PUR hot-melt adhesives provide strong, durable bonds essential for construction applications. As reported by the US Census Bureau, construction spending in July 2024 was estimated at an annual rate of $2,162.7 billion, reflecting a 6.7% increase from $2,027.4 billion in July 2023. This ongoing growth in construction activities is propelling the PUR hot-melt adhesives market.
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Global PUR Hot-Melt Adhesives Market Segments
The PUR hot-melt adhesives market covered in this report is segmented –
1) By Type: Non-Reactive PUR Hot Melt Adhesives, Reactive PUR Hot Melt Adhesives
2) By Form: Thermosetting, Thermoplastic
3) By Application: Automotive, Electronics, Construction, Textile, Bookbinding, Furniture, Edge Banding, Wood Working, Footwear, Other Applications
By Geography:The regions covered in the PUR hot-melt adhesives market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the PUR hot-melt adhesives market in 2023 and it is expected to be the fastest-growing region in the forecast period.
Major PUR Hot-Melt Adhesives Industry Players
The Dow Chemical Company, 3M Company, Henkel AG & Co. KGaA, Covestro AG, Evonik Industries AG, Sika AG, DIC Corporation, Wacker Chemie AG, H.B. Fuller Company, Bostik SA, Pidilite Industries Limited, R.S. Hughes Company Inc., Franklin International Inc., Huntsman Corporation, Kleiberit Klebstoffe GmbH & Co. KG, Beardow Adams Ltd., Daubert Chemical Company Inc., Infinity Bond, Jowat SE, Titebond, SABA Adhesives & Sealants, TEX Year Fine Chemicals Co. Ltd.
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PUR Hot-Melt Adhesives Market Overview
Polyurethane reactive (PUR) hot-melt adhesives are a type of adhesive made from reactive polyurethane prepolymers. They are solid at room temperature but become liquid when heated, allowing them to be applied in a molten state. Once applied, PUR adhesives solidify as they cool and further cure through a chemical reaction with moisture from the environment, creating strong, flexible, and durable bonds.
PUR Hot-Melt Adhesives Global Market Report 2023 provides data on the global pur hot-melt adhesives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The pur hot-melt adhesives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
