What Fueled The Previous Growth In The PUR Hot Melt Adhesives Market?
The pur hot melt adhesives market has seen considerable growth due to a variety of factors.
• Recently, we have seen considerable growth in the PUR hot-melt adhesives market. From a strong value of $5.41 billion in 2024, it's expected to further surge to $5.82 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%.
The rise during the historical period can be linked to the expanding packaging sector, elevated demand for long-lasting, high-quality adhesives, growth in the consumer goods industry, increased funding in research and development, along with the upward trajectory of e-commerce.
What Is The Expected Growth In The PUR Hot Melt Adhesives Market Size Evolve over the Forecast Period?
The pur hot melt adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for PUR hot-melt adhesives is forecasted to witness substantial growth in the coming years, escalating to $7.7 billion in 2029 with a CAGR of 7.3%.
This growth during the prediction period is primarily driven by an increased need for eco-friendly adhesives, a surge in requirement for PUR hot-melt adhesives in the automotive sector, and an expanded usage of solvent-based adhesives. Key trends expected during the forecast period encompass technological progression, environment-friendly adhesives, versatile adhesives, intelligent technologies, and water-oriented adhesives.
What Main Forces Are Fueling Expansion In The PUR Hot Melt Adhesives Market?
The expansion of construction activities is set to boost the PUR hot-melt adhesives market's growth. This industry undertakes a broad scope of tasks related to the organization, design, build, preservation, and management of physical structures and infrastructure. The swelling demand in the construction market can be attributed to various elements including urban development, infrastructure creation, sustainable and eco-friendly construction, along with reconstruction, and remodeling projects. In construction, PUR hot melt adhesives serve an essential function owing to their robust and lasting bonding capabilities which resist structural pressure and climatic conditions, thereby ensuring enduring performance. To cite an example, the US Census Bureau, a government agency in the USA, reported in September 2024, that the expenditure on construction was projected at a seasonally adjusted annual rate of $2,162.7 billion in July 2024, which indicates a 6.7% boost (±1.8%) compared to the $2,027.4 billion spent in July 2023. Consequently, the accelerating construction activities are facilitating the growth of the PUR hot-melt adhesives market.
What Are The Primary Segments In The Global PUR Hot Melt Adhesives Market?
The PUR hot-melt adhesivesmarket 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
Subsegments:
1) By Non-Reactive PUR Hot Melt Adhesives: Polyurethane-Based Adhesives, Polyethylene Glycol-Based Adhesives
2) By Reactive PUR Hot Melt Adhesives: Moisture-Curing Reactive PUR Adhesives, Two-Component Reactive PUR Adhesives
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What New Trends Are Influencing The PUR Hot Melt Adhesives Market?
Leading enterprises in the PUR hot-melt adhesives market are creating advanced technological solutions like adhesive solutions for woodworking in order to provide strong and long-lasting bonds that enhance the stability and lifespan of timber products. Woodworking adhesive solutions are specially engineered bonding agents used to effectively join wood and wood-based materials in items like furniture, cabinets, and other wooden crafts. To illustrate, Bostik, a French adhesive manufacturer, introduced the SG6518 and SG6520 to its Supergrip adhesive solutions range in May 2022. The Supergrip SG6518 and SG6520 are state-of-the-art hot melt polyurethane reactive (HMPUR) adhesives developed specifically for edge banding in the woodworking industry. These novel adhesives offer impressive bond strength and sealing capabilities, ensuring the superior durability of the finished goods. Their resistance to water and capability to bond with diverse substrates make them suitable for usage in environments with high moisture, thereby enhancing the quality and durability of woodworking applications.
Who Are the Key Players In The PUR Hot Melt Adhesives Market?
Major companies operating in the PUR hot-melt adhesives market are:
• 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.
What Is The Most Dominant Region In The PUR Hot Melt Adhesives Market?
Asia-Pacific was the largest region in the PUR hot-melt adhesives market in 2024 and it is expected to be the fastest-growing region in the forecast period. The regions covered in the PUR hot-melt adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
