세계의 열가소성 폴리우레탄 접착제 시장 : 기술별, 형태별, 최종 사용자 산업별, 유통 채널별 - 예측(2025-2030년)

The Thermoplastic Polyurethane Adhesive Market was valued at USD 949.29 million in 2024 and is projected to grow to USD 1,005.01 million in 2025, with a CAGR of 6.18%, reaching USD 1,360.61 million by 2030.

The market for thermoplastic polyurethane adhesives is undergoing a dynamic transformation. This sector, recognized for its superior performance and versatility, plays a critical role across numerous industrial applications. Over recent years, advances in material science and manufacturing processes have spurred innovation in adhesive formulations, offering more sustainable, cost-effective, and high-performance solutions. The adhesive market has seen rapid integration of improved processing technologies and more rigorous quality standards, ensuring stronger bonds and extended lifecycles of the final products. In light of these changes, it is essential for stakeholders and decision-makers to keep abreast of emerging trends and technical breakthroughs in order to harness future growth opportunities.

This introduction outlines the contextual significance of thermoplastic polyurethane adhesives and sets the stage for a detailed examination of the transformative shifts, segmentation insights, regional dynamics, and leading industry players. As the global economy continues to evolve with technological advancements and demand for innovative materials increases, industry leaders are compelled to reassess strategic requirements while balancing cost, performance, and environmental factors. The narrative provided here is designed to deliver a rigorous yet accessible perspective, fostering informed strategy development and robust decision-making in a competitive landscape.

Transformative Shifts Redefining the Adhesive Market Landscape

The rapid pace of technological advancement and evolving market demands have ushered in a series of transformative shifts within the thermoplastic polyurethane adhesives market. Traditional processes are being reimagined through the infusion of cutting-edge scientific research and digital innovations that streamline manufacturing while enhancing product performance. As environmental sustainability becomes a priority, new formulations and production techniques not only lower the carbon footprint but also offer improved energy efficiency. This evolution is evident in the way materials are engineered for durability and resilience, enabling adhesives to meet stringent regulatory and performance benchmarks.

Corporate strategies across the globe now focus on adapting to these changes by investing in research and development along with modernizing production infrastructures. The drive to reduce waste and enhance process efficiency has led to a surge in the adoption of lean manufacturing and real-time monitoring technologies. With consumer expectations rising in parallel to stringent environmental standards, manufacturers are rapidly shifting from conventional methods to more refined, sustainable processes. Such innovations are beginning to redefine production methodologies as transparency and adaptability become the hallmarks of a competitive and future-ready adhesive industry.

Key Segmentation Insights Driving Market Growth

An in-depth segmentation analysis reveals several nuanced layers that are propelling market dynamics forward. From the technology perspective, the market is examined through hot melt, solvent-based, and water-based processes. This technological segmentation provides insights into how varying production techniques offer specific advantages, such as rapid curing and environmental compliance, thereby influencing application performance and overall market growth. Additionally, the segmentation based on form, where products are available in gel, granular, and powder alternatives, allows companies to tailor their product offerings to meet diverse application requirements and to optimize the formulation process.

Focusing on the end-user industry, the segmentation spans automotive, construction, electrical and electronics, footwear, industrial machinery, packaging, as well as textile and apparel sectors. Each industry demands distinct adhesive properties, influencing the innovation trajectories and product modifications in the market. Furthermore, the segmentation based on distribution channel captures insights from both offline and online networks, emphasizing the growing importance of digital channels and modern logistics in an increasingly interconnected global marketplace. This integrated perspective on segmentation provides a multifaceted understanding of market drivers, competitive strategies, and consumer preferences, empowering businesses to deploy targeted and effective market approaches.

Based on Technology, market is studied across Hot Melt, Solvent-Based, and Water-Based.

Based on Form, market is studied across Gel, Granular, and Powder.

Based on End-User Industry, market is studied across Automotive, Construction, Electrical & Electronics, Footwear, Industrial Machinery, Packaging, and Textile & Apparel.

Based on Distribution Channel, market is studied across Offline and Online.

Key Regional Insights Illuminating Market Trends

The regional analysis of the thermoplastic polyurethane adhesive market showcases distinct opportunities and challenges that vary from one geographic area to another. In the Americas, robust industrial activity and significant investments in infrastructure contribute to high market demand, while technological integration and policy frameworks drive innovation and sustainability. Across Europe, the Middle East, and Africa, stringent environmental regulations and infrastructure modernization further influence the market dynamics, fostering competitive landscapes that emphasize both quality and performance. Strategic partnerships and homegrown manufacturing capabilities in this region have helped local players adapt to evolving standards and consumer expectations.

The Asia-Pacific region continues to stand out as a dynamic growth hub due to its rapid industrialization, expanding automotive sector, and increased focus on research and development. Investments in state-of-the-art manufacturing facilities and digital transformation are reshaping supply chains, thereby supporting higher production volumes and improved market penetration. This diverse regional perspective underlines the importance of tailoring strategies to address unique local market conditions while leveraging global best practices for sustained competitive advantage.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Key Company Insights Shaping Market Leadership

Industry leadership in the thermoplastic polyurethane adhesive market is characterized by the strategic visions and innovative approaches of various key players. Prominent organizations such as Abifor AG, Agilis Chemicals Inc., Arkema Group, Covestro AG, DIC Corporation, Dongsung Chemical, Ltd., Fong Yong Chemical Co., Ltd., and Great Eastern Resins Industrial Co. Ltd. have distinguished themselves through continuous investment in research, innovation, and sustainable manufacturing practices. Esteemed companies including H.B. Fuller Company, Henkel Corporation, and Huntsman International LLC have also made significant contributions by integrating advanced production techniques and stringent quality management systems into their operational frameworks.

Other influential entities such as Nan Pao Resins Co., Ltd, Parson Adhesives India Private Limited, Shakun Industries, Shandong INOV Polyurethane Co., Ltd., Shenzhen Tunsing Plastic Products Co., Ltd., Shenzhen Xiangyu New Material Co., Ltd., Taiwan PU Corporation, The Lubrizol Corporation, Xiamen Keyuan Plastic Co., Ltd., Xuchuan Chemical (Suzhou) Co., Ltd., and Yantai Linghua New Material Co., Ltd. have expanded market reach through innovative product portfolios and effective global distribution strategies. These companies have catalyzed market growth by embracing digital transformation and sustainability, thus setting high benchmarks for operational excellence in the adhesive industry. Their ongoing investments in technology and dynamic market engagement strategies underline a shared commitment to quality and customer-centric solutions.

The report delves into recent significant developments in the Thermoplastic Polyurethane Adhesive Market, highlighting leading vendors and their innovative profiles. These include Abifor AG, Agilis Chemicals Inc., Arkema Group, Covestro AG, DIC Corporation, Dongsung Chemical, Ltd., Fong Yong Chemical Co., Ltd., Great Eastern Resins Industrial Co. Ltd., H.B. Fuller Company, Henkel Corporation, Huntsman International LLC, Nan Pao Resins Co., Ltd, Parson Adhesives India Private Limited, Shakun Industries, Shandong INOV Polyurethane Co., Ltd.,, Shenzhen Tunsing Plastic Products Co.,Ltd., Shenzhen Xiangyu New Material Co., Ltd, Taiwan PU Corporation, The Lubrizol Corporation, Xiamen Keyuan Plastic Co.,Ltd, Xuchuan Chemical(Suzhou) Co.,Ltd, and Yantai Linghua New Material Co., Ltd.. Actionable Recommendations for Industry Leaders in a Competitive Era

Industry players can harness a multitude of strategic actions to drive sustainable growth in a competitive market landscape. First, investing in research and development remains paramount. Companies should prioritize the exploration of novel adhesive formulations that cater to increasingly stringent environmental standards and evolving consumer requirements. Embracing digital integration and modern manufacturing technologies can streamline production processes, leading to improved efficiency and quality control. Strategic collaboration, both domestically and internationally, offers additional pathways to innovation and market expansion.

Moreover, companies are encouraged to diversify their product portfolios by capitalizing on diverse segmentation opportunities spanning various technological, form-based, and end-user perspectives. A clear understanding of regional market nuances is essential for success. Therefore, investing in localized market analysis and agile production strategies will enable companies to better adapt to regional regulatory environments and consumer demands. Leaders must also focus on building robust and flexible supply chains that safeguard against unforeseen disruptions, ensuring continuity and responsiveness in an increasingly volatile global market.

Conclusion: Embracing Innovation and Strategic Foresight

In summary, the thermoplastic polyurethane adhesive market stands at a juncture defined by rapid technological evolution, dynamic segmentation, and robust regional influences. The careful study of transformative shifts reveals a movement toward sustainability, digitalization, and operational excellence. Market segmentation provides critical insights, enabling companies to tailor products along technological, form, end-user, and distribution dimensions. Meanwhile, regional dynamics highlight both challenges and rich opportunities, with key global players continuing to set industry benchmarks through innovation and strategic planning.

As leaders navigate this competitive landscape, a commitment to forward-thinking strategies and agile decision-making will be critical. By embracing ongoing innovation and continuously reassessing strategic priorities, stakeholders can secure long-term competitive advantage and foster market growth in a rapidly evolving industry.

Table of Contents

1. Preface

• 1.1. Objectives of the Study
• 1.2. Market Segmentation & Coverage
• 1.3. Years Considered for the Study
• 1.4. Currency & Pricing
• 1.5. Language
• 1.6. Stakeholders

2. Research Methodology

• 2.1. Define: Research Objective
• 2.2. Determine: Research Design
• 2.3. Prepare: Research Instrument
• 2.4. Collect: Data Source
• 2.5. Analyze: Data Interpretation
• 2.6. Formulate: Data Verification
• 2.7. Publish: Research Report
• 2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

• 5.1. Market Dynamics
  • 5.1.1. Drivers
    • 5.1.1.1. Expanding electronic and electrical industry driving the need for effective adhesive solutions
    • 5.1.1.2. Growing demand for lightweight and efficient bonding solutions in the automotive industry
  • 5.1.2. Restraints
    • 5.1.2.1. Fluctuations in raw material prices impacting production costs
  • 5.1.3. Opportunities
    • 5.1.3.1. Advancements in adhesive technologies enhancing product performance
    • 5.1.3.2. Potential of thermoplastic polyurethane adhesives in smart city construction
  • 5.1.4. Challenges
    • 5.1.4.1. Concerns over low strength and heat resistance of thermoplastic polyurethane adhesives
• 5.2. Market Segmentation Analysis
  • 5.2.1. Technology: Burgeoning usage of the water-based TPU adhesives as it reduces VOC emissions and hazards associated with solvent-based systems
  • 5.2.2. End-User Industry: Increasing utilization of the thermoplastic polyurethane adhesive across the automotive industry
• 5.3. Porter's Five Forces Analysis
  • 5.3.1. Threat of New Entrants
  • 5.3.2. Threat of Substitutes
  • 5.3.3. Bargaining Power of Customers
  • 5.3.4. Bargaining Power of Suppliers
  • 5.3.5. Industry Rivalry
• 5.4. PESTLE Analysis
  • 5.4.1. Political
  • 5.4.2. Economic
  • 5.4.3. Social
  • 5.4.4. Technological
  • 5.4.5. Legal
  • 5.4.6. Environmental

6. Thermoplastic Polyurethane Adhesive Market, by Technology

• 6.1. Introduction
• 6.2. Hot Melt
• 6.3. Solvent-Based
• 6.4. Water-Based

7. Thermoplastic Polyurethane Adhesive Market, by Form

• 7.1. Introduction
• 7.2. Gel
• 7.3. Granular
• 7.4. Powder

8. Thermoplastic Polyurethane Adhesive Market, by End-User Industry

• 8.1. Introduction
• 8.2. Automotive
• 8.3. Construction
• 8.4. Electrical & Electronics
• 8.5. Footwear
• 8.6. Industrial Machinery
• 8.7. Packaging
• 8.8. Textile & Apparel

9. Thermoplastic Polyurethane Adhesive Market, by Distribution Channel

• 9.1. Introduction
• 9.2. Offline
• 9.3. Online

10. Americas Thermoplastic Polyurethane Adhesive Market

• 10.1. Introduction
• 10.2. Argentina
• 10.3. Brazil
• 10.4. Canada
• 10.5. Mexico
• 10.6. United States

11. Asia-Pacific Thermoplastic Polyurethane Adhesive Market

• 11.1. Introduction
• 11.2. Australia
• 11.3. China
• 11.4. India
• 11.5. Indonesia
• 11.6. Japan
• 11.7. Malaysia
• 11.8. Philippines
• 11.9. Singapore
• 11.10. South Korea
• 11.11. Taiwan
• 11.12. Thailand
• 11.13. Vietnam

12. Europe, Middle East & Africa Thermoplastic Polyurethane Adhesive Market

• 12.1. Introduction
• 12.2. Denmark
• 12.3. Egypt
• 12.4. Finland
• 12.5. France
• 12.6. Germany
• 12.7. Israel
• 12.8. Italy
• 12.9. Netherlands
• 12.10. Nigeria
• 12.11. Norway
• 12.12. Poland
• 12.13. Qatar
• 12.14. Russia
• 12.15. Saudi Arabia
• 12.16. South Africa
• 12.17. Spain
• 12.18. Sweden
• 12.19. Switzerland
• 12.20. Turkey
• 12.21. United Arab Emirates
• 12.22. United Kingdom

13. Competitive Landscape

• 13.1. Market Share Analysis, 2024
• 13.2. FPNV Positioning Matrix, 2024
• 13.3. Competitive Scenario Analysis
  • 13.3.1. Henkel invests EUR 20 million to improve the infrastructure and also expand production capacities of adhesives
  • 13.3.2. BASF's Elastollan 1400 revolutionizes thermoplastic polyurethane with exceptional durability and dynamic properties
  • 13.3.3. Lubrizol expands bio-based TPU options with eco-friendly Pearlbond ECO 590 for versatile applications
• 13.4. Strategy Analysis & Recommendation

Companies Mentioned

• 1. Abifor AG
• 2. Agilis Chemicals Inc.
• 3. Arkema Group
• 4. Covestro AG
• 5. DIC Corporation
• 6. Dongsung Chemical, Ltd.
• 7. Fong Yong Chemical Co., Ltd.
• 8. Great Eastern Resins Industrial Co. Ltd.
• 9. H.B. Fuller Company
• 10. Henkel Corporation
• 11. Huntsman International LLC
• 12. Nan Pao Resins Co., Ltd
• 13. Parson Adhesives India Private Limited
• 14. Shakun Industries
• 15. Shandong INOV Polyurethane Co., Ltd.,
• 16. Shenzhen Tunsing Plastic Products Co.,Ltd.
• 17. Shenzhen Xiangyu New Material Co., Ltd
• 18. Taiwan PU Corporation
• 19. The Lubrizol Corporation
• 20. Xiamen Keyuan Plastic Co.,Ltd
• 21. Xuchuan Chemical(Suzhou) Co.,Ltd
• 22. Yantai Linghua New Material Co., Ltd.