According to a new report published by MarketsandMarkets, which provides quantified B2B research on a global scale, the plastic adhesives market size is projected to grow to U.S. $9.2 billion by 2025 from $6.8 billion in 2020 — and at a CAGR of 6.3% during that time period.
Based on the new report, Plastic Adhesives Market by Resin Type, the polyurethane resin segment is projected to be the largest segment of this market. Polyurethane plastic adhesives offer good adhesion to a variety of substrates, including heavily plasticized PVC (even though a primer is required).
The largest application of polyurethane-based plastic adhesives is the structural bonding and sealing of automotive windshields.
Thermoplastic polyurethanes are also widely used in various industrial and household environments. Polyurethanes offer good chemical and temperature resistance. However, long-term exposure to high temperatures degrades polyurethanes more rapidly than epoxies.
According to MarketsAndMarkets, the medical sector is currently the fastest-growing application segment of the plastic adhesives market and is projected to continue as such. Medical device assembly varies widely and typically involves bonding materials that are otherwise difficult to create adhesion. Few substrates may even require the use of primers or other surface preparation to achieve satisfactory adhesion.
In addition to bonding parts successfully, medical device adhesives must be compatible with direct or indirect contact with the body and may be required to withstand multiple sterilizations. Tubing, IV bags, syringes, catheters, films for packaging, surgical instruments, lab-ware, housings, and connectors are a few examples of plastics-based medical devices.