Transparency Market Research Report Added "Urethane Adhesives Market" to its database.
Albany, NY -- (SBWIRE) -- 05/21/2015 -- Urethane adhesives are moisture curing materials which have a single component and cure when exposed to moisture either in the atmosphere or substrate. During the cure, a small amount of carbon dioxide is released which doesn't have any effect on the bonding process. During the processing of theses adhesives, the "skinning time" is required to be heeded, the time after which solidification of the adhesive on its surface takes place and also wetting the second substrate is not possible. Urethane adhesives are flexible and elastic in their cured state. Owing to this, the single component moisture curing urethane adhesives are used where materials having broadly differing thermal coefficients of expansion and differing elongation under loads must be attached such as the joining of the glass fiber reinforced plastics to steel, and floor plates and aluminum wall to steel supports.
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The global market for urethane adhesives has been witnessing a significant increase owing to rapid growth from its application industries such as construction. Growing usage of urethane adhesives in the housing construction applications have made them well established in the overall adhesives industry. These adhesives offer exceptional adhesive properties to various substrates such as glass, plastic, wood and concrete owing to their structural and elastic properties. These properties, combined with technological innovations in urethane have broadened the scope of applications and are expected to deepen their penetration in the construction application segment. On account of increasing number of environmental hazards associated with the use of urethane adhesives, the industry is now focused towards the development of bio-based alternatives for these products. In terms of the overall adhesives market, urethane based adhesives account for the most consumed products and is anticipated to witness rapid growth over the forecast period primarily due to rising innovation in product development which is leading to growth in packaging, construction and automobile industries where these adhesives are significantly consumed for protection and lamination.
Emerging regions such as Asia Pacific accounted for the largest market share in terms of region in the global urethane adhesives market, followed by Europe and North America. Growth of the major end user industries such as transportation and construction, particularly in the emerging economies of India and China are anticipated to boost the demand for urethane adhesives over the forecast period. The market for urethane adhesives in China is expected to rise significantly on account of the country's growing consumer demand for high quality products as well as the continued rapid pace of the construction industry in the country. Majority of the urethane adhesives in China are consumed in construction applications, where commercial and residential construction account for the largest shares.
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Increasing demand for adhesives on account of the rapidly growing construction industry is expected to boost the demand for urethane adhesives over the next few years. Moreover, increasing number of construction activities, particularly in the BRIC region (Brazil, Russia, India, and China) is anticipated to fuel the demand for urethane adhesives as well. However, rising environmental regulations and concerns regarding the use of urethane adhesives are expected to slow down the growth of the market. On account of these factors, focus of manufacturers towards developing bio-based adhesives is expected to provide new opportunities for the growth of the market.
3M Company, BASF, E. I. du Pont de Nemours and Company, H.B Fuller company, Henkel AG & Co. KGaA, Lord Corporation, RPM International, Inc., and The Dow Chemical Company are some of the key manufacturers of urethane adhesives dominating the market.
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