Moisture Curing Adhesives Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, U.K, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia & New Zealand (ANZ), South Korea, Thailand, Vietnam, Brazil, Mexico, South Africa, UAE), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3915
Moisture Curing Adhesives Market size is expected to witness high growth rate in the projected time period as a result of growing demand from construction and automobile sector. They are generally viscous in nature and consists of prepolymers of urethane which requires moisture for triggering the curing reaction. This category of adhesives can be hard or flexible depending on their formulation. Construction industry has been witnessing a significant growth trend mainly in the emerging economies which is attributed to rising government investments in the infrastructure projects to boost economy. For instance, Asia Pacific construction industry is projected to grow at CAGR close to 7% in the forecast timeframe. These trends are likely to boost product demand for its application in insulation, roofing, tiling, flooring, wall covering etc. A single component moisture curing adhesive has been introduced in the market recently. It combines the initial strength of adhesive with enhanced heat resistance properties.
Increasing product demand from lightweight vehicles is projected to drive the overall market size as lightweight materials are covered with moisture curing materials which provides fabrication of glass & carbon fiber composites. F1 automakers company is focusing towards improving lightweight materials and structure of small vehicles for enhanced performance which will help achieve gains to the overall moisture curing adhesives market size by 2025.
Increasing environmental regulations regarding urethane use in adhesives is likely to act as a hindrance to the overall moisture curing adhesives market growth in the near future. For instance, manufacturer in the region are currently involved in developing bio-based alternatives to urethane glues. Additionally, several substitutes such as glues, paste, cement, etc. are available in the market which are likely to hamper the overall market growth in the forthcoming years.
Based on type, the moisture curing adhesives market is segmented into silicone, polyurethane, polyolefin and cyanoacrylate. Moisture cured polyurethane adhesives is the prominent market segment as it is quite economical and possess the ability to adhere to many substrates like metals, ceramic, synthetic resin, rigid foams, mineral fibers, etc. Polyurethane also possess strong capacity to bear load. The compound faces a shape change under heavy load. Although, it returns to its original shape after load removal.
Moisture curing adhesives market have laid their presence in ample number of end user industries including automotive, construction, textile, wood working and many others. Automobile sector captured the major chunk of the total business size in 2018. This is mainly due to increasing investment from huge automakers like Ford, BMW etc. in their R&D facilities to develop advance technologies. In automotive industry, product is widely applicable in installing windshields and bonding plastic panes in windows. This category of adhesives is also used in coating industry. For instance, they are utilized for wood coatings in manufacturing and construction sector.
Asia Pacific moisture curing adhesives market size is dominating due to expanding construction sector and rising automotive sales in the region. For instance, China registered 23.4 million units automotive sales in 2014, which reached over 29 million units by 2018. These trends are likely to make notable impact on the overall market size in the upcoming years. On the other hand, Europe also register itself as one of the high growth markets due to presence of strong end user industries. For instance, recovering construction sector to achieve energy efficient buildings and strong automotive sector in the region is likely to drive moisture curing adhesives market size in the coming years.
Global moisture curing adhesives market is highly competitive due to the presence of various small as well as large scale firms. Some of the key market players are The Dow Chemical Company, Henkel AG & Co. KGaA, Illinois Tool Works Inc, Dow Corning Corporation, H.B. Fuller, Bostik SA, Jowat SE and 3M Company. Companies are increasingly adopting product differentiation techniques to compete with other market players. For instance, The Dow Chemical Company has introduced a soft skin adhesive as an addition to its silicon adhesive portfolio. The products has strong adhesion, manufacturing and design flexibility.
Moisture Curing Adhesives Market, By Type, 2014-2025 (Kilo Tons) (USD Million)
Moisture Curing Adhesives Market, By End-user, 2014-2025 (Kilo Tons) (USD Million)
- Wood working
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Henkel AG & Co. KGaA
- H.B. Fuller
- 3M Company
- Sika AG
- Royal Adhesives & Sealants, LLC
- The Dow Chemical Company
- Illinois Tool Works Inc
- Bostik SA
- Dow Corning Corporation
- Jowat SE
- Arkema Group
- Master Bond Inc.
- Momentive Performance Materials Inc.
- Paramelt B.V.
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