The global moisture curing adhesive market is expected to
reach USD 7.21 billion by 2025, according to a new report by Grand View
Research, Inc. Utilization of automotive product has been a major driving
factor for market growth. Consumption of moisture curing adhesive services has
increased owing to the growing need for protection of products from moisture.
Moisture curing adhesive services
have various uses in in construction, housing, electrical & electronics,
and industrial sectors. It is also utilized in printing & coating,
decorative, furnishing, flooring, automotive, transportation, packaging,
coating on woods, metals, plastics, paper, corks, industrial inks, and heavy
machinery.
Automotive application segment is
projected to have the highest growth rate over the forecast period. The segment
is expected to grow with an estimated CAGR of 7.0% over the next eight years.
Vehicle manufacturing companies depend on adhesive innovation as a settled part
of their production line. In every vehicle, normally 15 kg of different
moisture curing adhesives are utilized to mount and assemble an immense
collection of parts. These factors are expected to propel the automotive
application segment growth over the next eight years.
U.S. moisture curing adhesive
market revenue by chemistry, 2014 - 2025 (USD Million)
Browse full research report on
Moisture Curing Adhesives Market
Further key findings from
the report suggest:
- The global
moisture curing adhesive demand in terms of volume was USD 485.5 million
in 2016 and is expected to grow at a CAGR of 5.2% from 2017 to 2025
- Polyurethane
emerged as the largest chemistry segment in 2016 and is estimated to
generate revenue over USD 2.78 billion by 2025
- Cyanoacrylate
is anticipated to be the fastest growing service segment over the next
eight years and is estimated to grow at a CAGR of 6.9%
- Global
moisture curing adhesive demand in construction application was USD 1.02
billion in 2016 and is anticipated to witness steady growth over the next
eight years
- The U.S.
automotive moisture curing adhesive market in applications category was
worth USD 0.82 billion and is estimated to reach USD 1.40 billion by 2025
- The Asia
Pacific region is anticipated to witness high growth at a CAGR of 7.1% by
2025. Developing economies in the region, including India and China, have
been experiencing strong economic growth, which is expected to drive
automotive and construction market over the next eight years
- Key players
of the industry include H.B. Fuller, 3M, The DOW chemical company, Henkel
AG & Co. KGaA, and Bostik SA. These major players are often indulged
in mergers, joint ventures, & acquisitions, in order to expand their
product portfolio and gain market share
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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