Global Urethane Adhesives Market: Brief Description
Urethane adhesives are referred to as materials which are moisture curing and have a single cure and component when they are unprotected in the presence of moisture either in substrate or in the atmosphere. During the process of the cure, a little amount of carbon dioxide is given out in the atmosphere which further has no effect on the bonding process. Urethane adhesives are elastic and flexible in their cured state. As a result of this, single component moisture curing urethane adhesives are employed where the materials have widely variant thermal coefficients of extension and varying elongation under several loads. These kinds of moisture curing urethane adhesives must be thus attached in a way so that the portion joining the steel to the glass fiber reinforced plastics, and further the aluminum wall and floor plates to the steel supports.
This industry study is an evaluation of the growth prospects and historical tract of the global urethane adhesive market. It deals with the assessment of the facets that are projected to sway the development of the market both negatively and positively. Further, the key trends have also been specified in the publication. The research study also presents a wide outlook on the seller landscape of the market with reference to Porter’s five forces analysis. The research report deals with the R&D activities, mergers, acquisitions, and particulars on certifications and collaborations. The report reviews the approaches related to shares, publicity, and product range of the key accomplices in the global urethane adhesive market.
Global Urethane Adhesives Market: Trends and Opportunities
The global urethane adhesive market, over the last few years has been witnessing a substantial rise owing to the rapid progress of its end-use industries such as building and construction. The mounting use of urethane adhesives in the applications of housing construction has well established the position of urethane adhesives in the overall adhesives market. These adhesives are known for offering exceptional adhesive properties to several substrates such as concrete, wood, plastic, and glass owing to the elastic and structural properties they acquire. Along with technological advancements in urethane, the prevalence of these properties have widened the scope of application and are thus anticipated to intensify their penetration into the construction segment.
The urethane adhesives industry is incessantly focusing on the development of bio-based substitutes due to the environmental damage that urethane adhesives can cause. On the account of these factors, the urethane adhesive market is also expected to exhibit extensive growth in the overall adhesives market owing to the robust growth in end-use industries such as automobiles, construction, and packaging due to innovation in terms of product development. In these sectors, urethane adhesives are used for the purpose of lamination and protection.
Global Urethane Adhesives Market: Regional Outlook
Geographically, Asia Pacific accounted for the leading share in the global urethane market closely trailed by Europe and further North America in the exact order. This lead can be attributed to the growth of application industries such as construction and transportation, especially in developing countries such as China and India. The chief demand for urethane adhesives in Asia Pacific is from the growing commercial and residential construction sector of China. The growing number of construction activities in Brazil, China, India, and Russia.
Global Urethane Adhesives Market: Companies Covered in the Report
Some of the leading companies operating in the market are The Dow Chemical Company, RPM International Inc., Lord Corporation, Henkel AG & Co. KGaA, H.B. Fuller Company, E. I. du Pont de Nemours and Company, BASF, and 3M Company.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.