Rapid Advancements In Material Science Technologies And Increasing Application In Wood Working Industries Are Some Key Factors Driving Market Revenue Growth
The Global Moisture Curing Adhesives Market Size Is Expected To Reach USD 9.60 Billion In 2028 And Register A CAGR Of 7.2% Over The Forecast Period, According To The Latest Report By Reports And Data. Global Market Revenue Growth Is Driven By Key Factors Such As Ongoing Developments In Material Science Technologies, Rising Demand For Personal Vehicles, And Increasing Application Of Moisture Curing Adhesives In Wood Working Industries. Moisture Curing Adhesive Is A Type Of Adhesive That Absorbs Moisture To Cause Curing Reaction. It Is Created Using Non-Volatile Prepolymers Of Urethane. Moisture Cure Adhesives Mainly Work On Surfaces That Are Difficult To Bond Such As Untreated Metals, Wood-Based, Or Plastics Surfaces That Do Not Contain Polyethylene Or Polypropylene.
Moisture curing adhesives are widely used in automotive, building, woodwork, marine part manufacturing, and other industries. Automotive segment is expected to register a relatively faster revenue CAGR throughout the forecast period. This can be attributed to increasing demand for lightweight vehicles, rising disposable income, and rapid developments in the automobile industry. Moisture curing adhesives market in Europe accounted for second-largest revenue share in the global market in 2020. This can be attributed to rising investment in infrastructural development and increasing number of construction projects in countries in the region.
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Top Key Players: Bostik SA, Henkel AG Co. Kgaa, 3M Company, H.B. Fuller, Royal Adhesives Sealants, LLC, Tosoh Corporation, Momentive Performance Materials Inc., The Dow Chemical Company, Illinois Tool Works Inc., And Dow Corning Corporation.
In April 2020, Dow Launched DOWSIL EA-3838 Fast Adhesive, Which Is An Advanced Primer Less Silicone Adhesive That Offers Strong Bond To Multiple Clean Substrates Through Room-Temperature Cure Within Five Minutes.
Polyurethane Segment Accounted For Largest Revenue Share In The Global Market In 2020. This Can Be Attributed To Increasing Demand For Polyurethane In Building And Construction Sector Due To Various Benefits Such As Extreme Compression And Tension Load-Bearing Capacity, And Weather Resistance Property.
North America Accounted For Significantly Larger Revenue Share Among The Regional Markets In The Global Market In 2020. Increasing Activities Across Construction And Wood-Coating Industries And Robust Presence Of Key Market Players Are Major Factors Driving Revenue Growth Of The Market In This Region.
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Market Segmentation:
Product Outlook (Revenue, USD Billion; 2018-2028)
- Polyurethane
- Silicone
- Cyanoacrylate
- Polyolefin
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Online
- Offline
Application Outlook (Revenue, USD Billion; 2018-2028)
- Construction
- Automotive
- Woodworking
- Textile
- Others
Regional Outlook:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Key Questions Covered In The Global Moisture Curing Adhesives Market Report:
- What Is The Expected Market Size Of The Global Moisture Curing Adhesives Market During The Forecast Period?
- What Factors Are Expected To Hamper Global Moisture Curing Adhesives Market Growth Over The Forecast Period?
- What Key Factors Are Expected To Drive Global Revenue Growth Between 2021 And 2028?
- Which Application Segment Is Expected To Dominate Other Application Segments Over The Forecast Period?
- Which Region Is Expected To Dominate In Terms Of Revenue During The Forecast Period?
- What Are The Key Outcomes Of Porter’s Five Forces Analysis And SWOT Analysis?
- Which Leading Players Are Operating In The Global Moisture Curing Adhesives Market?
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