Moisture Curing Adhesives Market Forecast Report | Global Analysis, Statistics, Revenue, Demand and Trend Analysis Research Report by 2027

 

Moisture Curing Adhesives Market To Reach USD 7.92 Billion By 2027

The increasing demand from the construction and woodworking industries is driving the need for the market.

Market Size – USD 5.16 Billion in 2019, Market Growth - CAGR of 5.9%, Market Trends – Growing demand for automobiles.

 

The Global Moisture Curing Adhesive Market is expected to be valued at USD 7.92 Billion in 2027 from USD 5.16 Billion in 2019, registering a CAGR of 5.9% during the forecast period. The demand for moisture cure adhesives is increasing day by day due to the escalating need from the wood and construction sector along with its numerous advantages over conventional adhesives. The industry is observing high growth because of the rising end-use applications, including textiles, cars, footwear, and the increasing demand from emerging nations. Moisture healing adhesive services have distinct applications in various sectors such as housing, manufacturing, and electronics & electrical. Moreover, it is utilized in painting & printing, furnishing, design, flooring, shipping, automobile, packaging, metals, wood-coating, plastics, corks, paper, equipment, and industrial inks.

The various available raw materials, such as MDI-based isocyanates, and polyethers, enables several properties including cathodic corrosion resistance, adaptability, and residual area impermeability for fulfilling the standards. The system has taken a coating approach, particularly for intermediary primers and coats, and offers various advantages, including extended rust safety and curing at low temperatures.

The growing construction sector, the rising demand from automotive, the growing population, and the increasing disposable incomes are propelling the market’s expansion. The building industry is developing at a fast pace owing to the high use of these products in several activities of construction such as tiling, flooring, insulation, wall coverings, and roofing.

Strict government regulations implemented by REACH and EPA concerning the usage of goods that are environmentally sustainable in the manufacturing processes of healing adhesives are creating obstacles in the industry’s growth.
The pandemic situation has resulted in the depleted demand from the sectors like construction, automotive, home appliances for adhesives and coatings, and electronics. For these sectors, the restoration process of development is dependent on the constraints’ length and their impression on the economic activity worldwide. However, a few of the consumer segments, including antimicrobial coatings, are observing a steadfast growth in the industries like healthcare and food.

To identify the key trends in the industry, click on the link below: 

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Further key findings from the report suggest

·       Polyurethane is one of the leading chemical sub-segments, showcasing its exceptional characteristics, and is predicted to generate revenue of USD 3.12 Billion by 2027. Polyurethane exhibits superior tension and compression load-bearing capacity. However, it goes through a shapeshift owing to heavy load, although after releasing the load, it gains back its usual form.

·       Cyanoacrylate is foreseen to become the fastest-growing segment in the industry. It is projected to expand at a CAGR of 5.8% due to its property in prompt reacting after coming in contact with humid temperatures.

·       Registering a CAGR of 5.8% by 2027, Asia Pacific is projected to observe a high growth. Emerging countries in the region, including China, and India have showcased economic expansion, which is supposed to accelerate the growth of the construction and automotive markets.

·       Major players in the sector are 3M Company, Henkel AG & Co. KGaA, Sika AG, Royal Adhesives & Sealants, LLC, The DOW Chemical Company, Bostik SA, Dow Corning Corporation, Tosoh Corporation, Jowat SE., and Dymax Corporation.

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For the purpose of this report, Reports and Data has segmented the Global Moisture Curing Adhesive Market on the basis of product, distribution channel, application, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

·       Polyurethane

·       Silicone

·       Cyanoacrylate

·       Polyolefin

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

·       Online

·       Offline

Application Outlook (Revenue, USD Billion; 2017-2027)

·       Construction

·       Automotive

·       Woodworking

·       Textile

·       Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

·       North America

o   U.S.

o   Canada

·       Europe

o   Germany

o   U.K.

o   France

o   BENELUX

o   Rest of Europe

·       Asia Pacific

o   China

o   Japan

o   South Korea

o   Rest of APAC

·       Latin America

o   Brazil

o   Rest of LATAM

·       Middle East & Africa

o   Saudi Arabia

o   U.A.E.

o   Rest of MEA

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