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Asia-Pacific Polyurethane (PU) Hot-melt Adhesives Market Size (2024 - 2029)

The Asia-Pacific polyurethane hot-melt adhesives market is poised for substantial expansion, driven by rising demand in the packaging sector and a shift towards using these adhesives as alternatives to solvent-borne options. The increasing adoption of bio-based hot-melt adhesives is anticipated to further enhance the market's growth prospects. China is projected to lead the market, experiencing the most rapid growth in the region.

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Market Size of Asia-Pacific Polyurethane (PU) Hot-melt Adhesives Industry

Market Summary - Asia-Pacific Polyurethane (PU) Hot-melt Adhesives Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 9.00 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

APAC Polyurethane Hot-Melt Adhesives Market Analysis

The Asia-Pacific polyurethane hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 9%, over the forecast period. Increasing demand from the packaging industry in the region and increasing usage of PUR holt-melt adhesives as a substitute for solvent-borne adhesives are expected to drive the market during the forecast period.

  • Adoption of bio-based hot-melt adhesives are projected to create opportunities to the market growth in the coming years.
  • China is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

APAC Polyurethane Hot-Melt Adhesives Industry Segmentation

The Asia-Pacific polyurethane (PU) hot-melt adhesives market report includes:

Type
Non-reactive
Reactive
Application
Paper, Board, and Packaging
Healthcare
Automotive
Furniture (Woodworking)
Footwear
Textiles
Electrical and Electronics
Bookbinding
Other Applications
Geography
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
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Asia-Pacific Polyurethane (PU) Hot-melt Adhesives Market Size Summary

The Asia-Pacific polyurethane hot-melt adhesives market is poised for substantial growth, driven by increasing demand from the packaging industry and the shift towards PUR hot-melt adhesives as alternatives to solvent-borne adhesives. The adoption of bio-based hot-melt adhesives is expected to further propel market expansion. China is anticipated to lead the market, experiencing rapid growth due to its robust packaging and footwear industries, which are bolstered by rising consumer demand and supportive government policies. The versatility of polyurethane hot-melt adhesives in automotive applications, such as bonding various materials and components, along with their quick cooling and high resistance properties, contributes to their growing popularity across different sectors.

The market landscape is partially consolidated, with key players like 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG playing significant roles. Despite potential challenges from international trade issues and geopolitical tensions, the market is expected to maintain a positive trajectory, supported by advancements in application technologies and the increasing use of these adhesives in lamination and other industrial processes. The ability of hot-melt PUR adhesives to perform under extreme conditions and their efficiency in application processes are key factors driving their adoption in the region.

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Asia-Pacific Polyurethane (PU) Hot-melt Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Packaging and Electronics Industries

      2. 1.1.2 Increasing Usage of PUR holt-melt adhesives as a Substitute for Solvent-borne Adhesives

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Impact of COVID-19 Pandemic on Global Economy

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Non-reactive

      2. 2.1.2 Reactive

    2. 2.2 Application

      1. 2.2.1 Paper, Board, and Packaging

      2. 2.2.2 Healthcare

      3. 2.2.3 Automotive

      4. 2.2.4 Furniture (Woodworking)

      5. 2.2.5 Footwear

      6. 2.2.6 Textiles

      7. 2.2.7 Electrical and Electronics

      8. 2.2.8 Bookbinding

      9. 2.2.9 Other Applications

    3. 2.3 Geography

      1. 2.3.1 China

      2. 2.3.2 India

      3. 2.3.3 Japan

      4. 2.3.4 South Korea

      5. 2.3.5 ASEAN Countries

      6. 2.3.6 Rest of Asia-Pacific

Asia-Pacific Polyurethane (PU) Hot-melt Adhesives Market Size FAQs

The Asia-Pacific Polyurethane (PU) Hot-melt Adhesives Market is projected to register a CAGR of greater than 9% during the forecast period (2024-2029)

3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Asia-Pacific Polyurethane (PU) Hot-melt Adhesives Market.

APAC Polyurethane Hot-Melt Adhesives Market Report Snapshots

APAC Polyurethane Hot-Melt Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)