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Adoption of moisture curing adhesives is significantly high in a wide range of industrial applications such as wood working, construction, and automotive, besides others. This is mainly providing impetus to market growth, opines the Fact.MR report.
The study projects that, growing awareness about the environmental impact of urethane-based moisture curing adhesives will influence major trends in the market over the coming years. Manufacturers are likely to turn to advanced technologies to develop bio-based and environment-safer alternatives to their offerings in order to win in global markets.
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Moisture Curing Adhesives Market: Segmentation
The study offers a detailed estimation and outlook of the moisture curing adhesives market based on composition, end-use industry, and region.
- Wood Working
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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Key players involved in the market are rigorously investing in the development and launches of new products to gain a competitive advantage and expand their consumer base. Mergers & acquisitions along with diversification of product portfolios are key business strategies implemented by participants in the industry.
- In September 2021, Arkema S.A has initiated plans to acquire Ashland’s adhesives business for US$ 1.65 billion. The business primarily consists of Isoset water-based polyurethane wood glues and Aroset acrylic pressure-sensitive adhesives for floor graphics and packaging labels
- Likewise, Dymax Corporation has released the Dual-Cure 9771 reworkable conformal coating, capable of curing with light and moisture to ensure firm hold on the surface underneath PCBs in missiles, spacecrafts and satellites, in September 2021
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Use in Medical Devices to Trigger Demand; Bio-based Alternatives Open New Opportunities
Growing application of moisture curing adhesives in the medical devices industry is opening new avenues of growth for market players. Increasing demand for moisture curing adhesives in this industry is mainly attributed to the rise in their adoption as a replacement for traditional fasteners used in medical devices.
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