Moisture-curing adhesives market size is expected to reach USD 9.60 billion in 2028, according to reports and data

Reports and data

Moisture-curing adhesives market size – USD 5.47 billion in 2020, growing – at a CAGR of 7.2%, trends – Rapid developments in the construction industry

NEW YORK CITY, NY, USA, Feb. 3, 2022 /EINPresswire.com/ — The moisture curing adhesives market size is expected to reach USD 9.60 billion in 2028 and register a CAGR of 7.2% on the forecast period, according to the latest Reports and Data report. The revenue growth of the global market is driven by key factors such as ongoing developments in materials science technologies, growing demand for personal vehicles, and growing application of moisture-curing adhesives in industries woodworking. Moisture-curing adhesive is a type of adhesive that absorbs moisture to cause a curing reaction. It is created using non-volatile urethane prepolymers. Moisture-curing adhesives work primarily on hard-to-bond surfaces such as untreated metals, wood-based or plastic-based surfaces that do not contain polyethylene or polypropylene.

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Moisture-curing adhesives are widely used in automotive, construction, millwork, marine parts manufacturing and other industries. The automotive segment is expected to register a relatively faster revenue CAGR throughout the forecast period. This can be attributed to the growing demand for light-duty vehicles, rising disposable income, and the rapidly changing automotive industry. Europe moisture-curing adhesives market accounted for the second largest revenue share in the global market in 2020. This can be attributed to increasing investment in infrastructure development and increasing number of construction projects in the countries of the region.

Key companies:
Bostik SA, Henkel AG & Co. KGaA, 3M Company, HB Fuller, Royal Adhesives & Sealants, LLC, Tosoh Corporation, Momentive Performance Materials Inc., The Dow Chemical Company, Illinois Tool Works Inc. and Dow Corning Corporation.

Global Moisture Curing Adhesives Market – Competitive Analysis

The Global Moisture Curing Adhesives Market report assesses the revenue of major companies operating in this industry. According to our analysts, these companies hold a considerable share of the overall moisture-curing adhesives market share. This section lists the main strategic initiatives undertaken by these companies, such as mergers and acquisitions, joint ventures, new business agreements, new product launches, collaborations, technological upgrading and several others, to strengthen their positions on the market.

To identify key industry trends, click the link below: https://www.reportsanddata.com/report-detail/moisture-curing-adhesives-market

Some key highlights of the report:

In April 2020, Dow launched DOWSIL EA-3838 Rapid Adhesive, which is an advanced primerless silicone adhesive that provides strong adhesion to multiple clean substrates by curing at room temperature in five minutes.

The polyurethane segment accounted for the largest revenue share in the global market in 2020. This can be attributed to the growing demand for polyurethane in the building and construction sector due to various advantages such as extreme load bearing capacity in compression and tension and the property of weather resistance.

North America accounted for a significantly larger revenue share among regional markets in the global market in 2020. Rising activity in construction and wood cladding industries and strong presence of key market players are the major drivers of market revenue growth in this region.

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For the purpose of this report, Reports and Data has segmented the moisture curing adhesives market based on product, distribution channel, application and region:

Product Outlook (Revenue, USD Billion; 2018-2028)
Polyurethane
Silicone
Cyanoacrylate
Polyolefin

Application Outlook (Revenue, USD Billion; 2018-2028)
Construction
Automotive
The Woodcraft
Textile
Others

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Regional Outlook (Revenue, USD Billion; 2018-2028)
North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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