Polyurethane Reactive Adhesive

Polyurethane Reactive Adhesive Market Outlook

The global Polyurethane Reactive Adhesive market is poised for significant growth, projected to reach USD 10 billion by 2035, with a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2025 to 2035. This growth can be attributed to the increasing demand for versatile and high-performance adhesives across various industries such as automotive, construction, and packaging. The rising trend towards lightweight materials in manufacturing processes is also fostering the adoption of polyurethane adhesives, as these products offer excellent bonding capabilities and durability. Additionally, the growing awareness surrounding sustainable materials is leading manufacturers to innovate and develop eco-friendly adhesive solutions that further drive market demand. Furthermore, advancements in technology are enabling the production of more efficient and specialized polyurethane adhesives, catering to the specific needs of different applications.

Growth Factor of the Market

The growth of the Polyurethane Reactive Adhesive market can be attributed to several key factors. Firstly, the increasing construction and automotive industries are creating a heightened demand for advanced adhesive solutions that offer superior bonding strength and durability while being lightweight. Secondly, the rising standards for product quality and performance across various sectors are leading manufacturers to invest in developing adhesives that meet stringent regulatory requirements, thereby expanding market opportunities. Thirdly, innovations in application techniques, such as automated dispensing and curing processes, are enhancing the efficiency of using these adhesives, making them more attractive for manufacturers. Additionally, the shift towards sustainable and eco-friendly materials is compelling industry players to focus on developing bio-based polyurethane adhesives, which is expected to contribute to market growth significantly. Lastly, the expansion of e-commerce and online retail platforms is facilitating greater access to a diverse range of adhesive products, encouraging consumer adoption.

Key Highlights of the Market

• Global market projected to reach USD 10 billion by 2035.
• CAGR of 5.8% anticipated during the forecast period.
• Increased demand from automotive and construction sectors.
• Innovation in eco-friendly and bio-based adhesive solutions.
• Growth driven by advancements in application techniques and e-commerce accessibility.

By Product Type

One-Component Polyurethane Reactive Adhesive:

One-component polyurethane reactive adhesives are gaining traction due to their ease of use and ability to provide strong, durable bonds without requiring a mixing process. These adhesives are typically moisture-cured, meaning that they cure upon exposure to atmospheric humidity. This characteristic makes them particularly appealing for a variety of applications, including construction and woodworking, where quick application and ease of handling are critical. The versatility of one-component adhesives allows for various uses, from bonding wood to metals and plastics, thus broadening their appeal in numerous industries. Their ability to cure effectively in diverse environments enhances their practicality, making them a preferred choice for many end-users.

Two-Component Polyurethane Reactive Adhesive:

Two-component polyurethane reactive adhesives consist of a resin and a hardener that must be mixed before application. This type of adhesive is known for its superior bonding strength and resistance to environmental factors, making it ideal for demanding applications in the automotive and construction sectors. The ability to customize the ratio of resin to hardener allows manufacturers to tailor the adhesive properties to meet specific requirements, such as rapid curing or increased flexibility. This adaptability is particularly beneficial in industries where performance under stress is essential, contributing to the continued growth and popularity of two-component systems in the market.

Moisture-Cure Polyurethane Reactive Adhesive:

Moisture-cure polyurethane reactive adhesives are specifically formulated to cure in the presence of moisture, making them ideal for applications in humid environments. These adhesives are widely used in construction and woodworking due to their excellent adhesion properties and ability to bond a variety of substrates, including porous materials. Their moisture-cure nature allows for longer working times, which is advantageous for complex applications needing adjustments. This type of adhesive's capability to withstand environmental extremes makes it a preferred choice for outdoor applications, further driving its demand in the market.

Heat-Cure Polyurethane Reactive Adhesive:

Heat-cured polyurethane reactive adhesives are known for their exceptional thermal resistance and mechanical properties. These adhesives require a specific temperature to cure, which makes them suitable for applications requiring high-temperature resistance, such as in the automotive and electronics industries. Their ability to provide strong, durable bonds even under extreme conditions enhances their appeal to manufacturers seeking reliable adhesive solutions. Furthermore, the growing trend of lightweight materials in the automotive sector is propelling the demand for heat-cure adhesives, as they enable manufacturers to achieve improved fuel efficiency and performance.

Light-Cure Polyurethane Reactive Adhesive:

Light-cure polyurethane reactive adhesives utilize ultraviolet (UV) light to initiate the curing process, offering rapid bonding capabilities that significantly reduce production times. This characteristic makes them particularly popular in industries such as electronics and packaging, where quick turnaround times are essential. The precision and control afforded by light-cure adhesives enable manufacturers to apply adhesives accurately without the risk of wastage, making them a cost-effective solution. Additionally, the increasing demand for high-performance adhesives in the electronics sector is driving the growth of light-cure polyurethane reactive adhesives, as they provide excellent adhesion while maintaining the integrity of sensitive components.

By Application

Automotive:

The automotive industry is one of the largest consumers of polyurethane reactive adhesives due to their superior bonding capabilities and lightweight properties. These adhesives are used extensively in various applications, including body assembly, interior components, and exterior trims. The increasing demand for lightweight vehicles to enhance fuel efficiency is driving manufacturers to adopt polyurethane adhesives, which provide excellent strength-to-weight ratios. Moreover, the growing trend of electric vehicles, which require advanced materials for battery enclosures and lightweight structures, further boosts the demand for polyurethane reactive adhesives in the automotive sector.

Construction:

In the construction industry, polyurethane reactive adhesives are utilized for their exceptional bonding strength and versatility. These adhesives are ideal for bonding different substrates, including wood, metal, and concrete. The growing trend towards sustainable construction practices is also contributing to the popularity of these adhesives, as they often offer eco-friendly formulations that reduce VOC emissions. Additionally, the increasing focus on building energy-efficient structures is driving the demand for polyurethane adhesives, which help in creating airtight seals and enhancing insulation properties in buildings.

Packaging:

The packaging industry is witnessing a significant increase in the adoption of polyurethane reactive adhesives, driven by the need for high-performance bonding solutions. These adhesives are used in various applications, including carton sealing, flexible packaging, and labeling. The rising demand for lightweight and sustainable packaging materials is encouraging manufacturers to utilize polyurethane adhesives, which offer excellent adhesion while minimizing the overall weight of the packaging. Furthermore, the growing trend towards e-commerce is boosting the packaging industry, leading to increased use of polyurethane adhesives in producing robust and protective packaging solutions.

Electronics:

Polyurethane reactive adhesives are gaining traction in the electronics industry due to their excellent insulating properties and ability to bond dissimilar materials. These adhesives are critical in applications such as circuit board assembly, potting, and encapsulation, where reliability and performance are paramount. The increasing complexity of electronic devices and the demand for lightweight designs are pushing manufacturers to explore advanced adhesive solutions like polyurethane adhesives that can enhance product performance while ensuring durability. Their thermal and chemical resistance make them suitable for protecting sensitive components, further driving their adoption in the electronics sector.

Woodworking:

In the woodworking industry, polyurethane reactive adhesives are favored for their strong bond and versatility. These adhesives are ideal for various applications, including furniture manufacturing, cabinetry, and flooring. The ability of polyurethane adhesives to bond wood effectively, even in challenging conditions, makes them a preferred choice among manufacturers. Additionally, the growing trend towards DIY projects is contributing to the demand for these adhesives, as consumers seek reliable bonding solutions for their woodworking endeavors. The emphasis on high-quality finishes in woodworking applications is also driving the adoption of polyurethane reactive adhesives, as they provide superior performance and durability.

By Distribution Channel

Direct Sales:

Direct sales remain a vital distribution channel for polyurethane reactive adhesives, allowing manufacturers to establish a strong relationship with their customers. This approach provides end-users with direct access to the products, enabling them to receive personalized support and guidance regarding adhesive selection and application techniques. Direct sales are particularly beneficial in specialized applications where tailored solutions are required, fostering customer loyalty and ensuring repeat business. Additionally, manufacturers can gain valuable insights into customer preferences and market trends through direct interactions, allowing them to innovate and adapt their product offerings accordingly.

Distributor Sales:

Distributor sales play a significant role in the distribution of polyurethane reactive adhesives, providing manufacturers with an established network to reach various markets efficiently. Distributors often have the necessary infrastructure to handle logistics and inventory management, enabling timely delivery of products to end-users. This channel allows manufacturers to expand their market reach without investing heavily in distribution infrastructure, facilitating growth opportunities. Moreover, distributors often possess in-depth knowledge of local markets and customer needs, enabling them to provide valuable recommendations and support to end-users in selecting the right adhesives for their applications.

Online Retail:

Online retail has emerged as a crucial distribution channel for polyurethane reactive adhesives, driven by the increasing preference for e-commerce among consumers and businesses alike. The convenience of purchasing adhesives online allows users to compare products, read reviews, and access a broader range of options from various manufacturers. This channel is particularly appealing to smaller businesses and individual consumers who may not have access to specialized suppliers. Additionally, the rise of online platforms has facilitated the growth of niche products, including eco-friendly and specialized polyurethane adhesives, catering to specific needs and preferences while expanding the overall market.

By Ingredient Type

MDI-based Polyurethane Reactive Adhesive:

MDI-based polyurethane reactive adhesives are known for their excellent mechanical properties and durability. These adhesives are widely used in the construction and automotive sectors due to their ability to bond a variety of substrates, including wood, metal, and plastics. The excellent adhesion properties of MDI-based adhesives make them suitable for applications requiring high performance and reliability. Additionally, the growing demand for high-quality and long-lasting adhesives in various industries is driving the adoption of MDI-based polyurethane reactive adhesives, supporting their market growth.

TDI-based Polyurethane Reactive Adhesive:

TDI-based polyurethane reactive adhesives are characterized by their versatility and strong bonding capabilities. These adhesives are commonly used in applications requiring flexibility and resilience, such as in the automotive and footwear industries. TDI-based adhesives provide excellent resistance to moisture and chemicals, making them suitable for outdoor applications. The increasing trend towards lightweight designs in manufacturing is also contributing to the demand for TDI-based adhesives, as they enable producers to achieve improved performance without compromising on durability.

HDI-based Polyurethane Reactive Adhesive:

HDI-based polyurethane reactive adhesives are gaining popularity due to their exceptional performance in bonding and sealing applications. These adhesives are particularly well-suited for use in electronics, offering excellent thermal and chemical resistance, which protects sensitive components from environmental damage. The growing demand for advanced materials in electronics is driving the adoption of HDI-based adhesives, as they provide reliable solutions for complex assemblies. Furthermore, their ability to cure quickly under UV light enhances their appeal for manufacturers seeking efficient production processes.

NDI-based Polyurethane Reactive Adhesive:

NDI-based polyurethane reactive adhesives are known for their unique properties, including high strength and durability. These adhesives are used in various applications, such as construction and automotive, where robust bonding solutions are essential. The increasing demand for high-performance adhesives in industries requiring strong adhesion and resistance to harsh conditions is driving the growth of NDI-based polyurethane adhesives. Moreover, the focus on sustainable materials is prompting manufacturers to explore bio-based NDI adhesives, further enhancing their market appeal.

Aliphatic Isocyanates-based Polyurethane Reactive Adhesive:

Aliphatic isocyanates-based polyurethane reactive adhesives are recognized for their light stability and resistance to yellowing, making them suitable for applications requiring aesthetic appeal. These adhesives are commonly used in woodworking and flooring applications, where appearance and durability are crucial. The growing trend towards high-quality finishes in furniture and cabinetry is driving the demand for aliphatic isocyanate adhesives, as they provide reliable bonding solutions without compromising on visual properties. Furthermore, the increasing awareness of sustainable practices is encouraging manufacturers to develop eco-friendly formulations, enhancing the market growth of these adhesives.

By Region

The Polyurethane Reactive Adhesive market is segmented into several key regions, each exhibiting unique growth patterns and demand drivers. North America dominates the market, accounting for approximately 35% of the overall share in 2024, driven by the robust automotive and construction industries. The region's emphasis on technological advancements and sustainability is promoting the adoption of innovative adhesive solutions. Furthermore, the growing trend towards electric vehicles and lightweight materials in manufacturing is expected to bolster demand in the coming years. Additionally, the stringent regulations related to product safety and environmental impact are encouraging manufacturers to develop high-performance, eco-friendly adhesives, contributing to the growth of the North American market.

Europe is anticipated to be the second-largest market for polyurethane reactive adhesives, comprising around 30% of the global share by 2024, with a CAGR of 5.5% during the forecast period. The region's strong focus on sustainable building practices and the increasing demand for lightweight automotive components are significant factors driving market growth. Moreover, the construction industry's recovery post-pandemic is expected to further amplify the demand for high-performance adhesives. In Asia Pacific, rapid industrialization and urbanization are propelling the use of polyurethane adhesives, particularly in construction and electronics applications, making it a region to watch for future growth potential. Latin America and the Middle East & Africa are also emerging markets, albeit at a slower pace, with growing opportunities in various sectors.

Opportunities

The Polyurethane Reactive Adhesive market is ripe with opportunities, particularly in the development of eco-friendly and bio-based adhesive formulations. As environmental concerns grow, manufacturers are under increasing pressure to produce sustainable products that meet regulatory standards. This trend is likely to create significant growth opportunities for companies focused on developing innovative, green adhesive solutions that appeal to environmentally conscious consumers. Additionally, advancements in technology can lead to the development of new application techniques that enhance the performance and efficiency of polyurethane adhesives, making them more attractive to a broader range of industries.

Furthermore, the expansion of e-commerce presents another opportunity for market growth, allowing companies to reach larger audiences and diversify their customer base. As more businesses shift to online sales platforms, manufacturers that effectively leverage digital marketing and distribution strategies can capture significant market share. The increasing integration of smart technologies in manufacturing processes is also expected to drive demand for specialized adhesives that cater to advanced applications. Overall, the Polyurethane Reactive Adhesive market is poised for growth, driven by innovation, sustainability, and technological advancements.

Threats

Despite the robust growth prospects for the Polyurethane Reactive Adhesive market, there are several threats that could hinder its expansion. One significant threat is the volatility of raw material prices, particularly for isocyanates, which are essential components in polyurethane production. Fluctuations in supply and demand, geopolitical tensions, and trade disputes can lead to price increases, impacting the profitability of manufacturers and potentially leading to higher costs for consumers. Additionally, the stringent regulatory environment surrounding chemical products poses challenges for manufacturers, requiring them to invest in compliance measures and research to meet safety standards.

Another potential threat is the increasing competition from alternative adhesive technologies, such as epoxy and silicone adhesives, which may offer comparable or superior performance in specific applications. As manufacturers explore innovative bonding solutions, the market for polyurethane adhesives could face pressure if competitors develop compelling alternatives that disrupt existing market dynamics. Furthermore, the slow recovery of certain industries due to economic conditions can also negatively impact demand for adhesives, leading to fluctuations in market growth and stability.

Competitor Outlook

• BASF SE
• Huntsman Corporation
• Covestro AG
• Dow Inc.
• MOMENTIVE Performance Materials Inc.
• 3M Company
• Adhesives Research, Inc.
• Sika AG
• H.B. Fuller Company
• Lord Corporation
• Wacker Chemie AG
• Ellsworth Adhesives
• RPM International Inc.
• Kraton Corporation
• ITW Performance Polymers

The competitive landscape of the Polyurethane Reactive Adhesive market is characterized by a diverse array of key players, each striving to capture market share through innovation, strategic partnerships, and customer engagement. Leading companies such as BASF SE and Huntsman Corporation are investing heavily in research and development to create high-performance adhesives that meet the evolving needs of various industries. These companies are also focusing on expanding their product portfolios to include sustainable and eco-friendly adhesive options, anticipating the growing demand for environmentally responsible products. Furthermore, strategic acquisitions and collaborations with other manufacturers and technology firms are also prevalent, allowing these companies to enhance their capabilities and reach new markets efficiently.

Dow Inc. is another significant player in the Polyurethane Reactive Adhesive market, known for its extensive range of adhesive solutions across various applications. The company has established a strong presence in the automotive and construction industries, leveraging its innovative technologies to deliver high-quality products. Additionally, Dow's commitment to sustainability and reducing environmental impact aligns with the industry's shift towards greener practices, further solidifying its position in the market. Similarly, Sika AG focuses on providing tailored adhesive solutions for the construction and manufacturing sectors, emphasizing the importance of performance and reliability in its product offerings.

Companies like 3M and H.B. Fuller are also noteworthy competitors, utilizing their extensive distribution networks and brand recognition to capture market share. 3M's reputation for innovation allows it to develop unique adhesive solutions that cater to specific customer requirements, particularly in the electronics and packaging sectors. Meanwhile, H.B. Fuller focuses on building strategic alliances with customers to gain insights into market trends and preferences, enabling it to tailor its products and strengthen customer relationships effectively. Overall, the competitive landscape reflects an ongoing commitment to innovation, sustainability, and responsiveness to market dynamics, ensuring continued growth and development in the Polyurethane Reactive Adhesive market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 BASF SE
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Sika AG
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Dow Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 3M Company
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Covestro AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Lord Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Wacker Chemie AG
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Kraton Corporation
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Ellsworth Adhesives
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 H.B. Fuller Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Huntsman Corporation
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 RPM International Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Adhesives Research, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 ITW Performance Polymers
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 MOMENTIVE Performance Materials Inc.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Polyurethane Reactive Adhesive Market, By Application
    • 6.1.1 Automotive
    • 6.1.2 Construction
    • 6.1.3 Packaging
    • 6.1.4 Electronics
    • 6.1.5 Woodworking
  • 6.2 Polyurethane Reactive Adhesive Market, By Product Type
    • 6.2.1 One-Component Polyurethane Reactive Adhesive
    • 6.2.2 Two-Component Polyurethane Reactive Adhesive
    • 6.2.3 Moisture-Cure Polyurethane Reactive Adhesive
    • 6.2.4 Heat-Cure Polyurethane Reactive Adhesive
    • 6.2.5 Light-Cure Polyurethane Reactive Adhesive
  • 6.3 Polyurethane Reactive Adhesive Market, By Distribution Channel
    • 6.3.1 Direct Sales
    • 6.3.2 Distributor Sales
    • 6.3.3 Online Retail

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Polyurethane Reactive Adhesive Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Polyurethane Reactive Adhesive market is categorized based on

By Product Type

• One-Component Polyurethane Reactive Adhesive
• Two-Component Polyurethane Reactive Adhesive
• Moisture-Cure Polyurethane Reactive Adhesive
• Heat-Cure Polyurethane Reactive Adhesive
• Light-Cure Polyurethane Reactive Adhesive

By Application

• Automotive
• Construction
• Packaging
• Electronics
• Woodworking

By Distribution Channel

• Direct Sales
• Distributor Sales
• Online Retail

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• BASF SE
• Huntsman Corporation
• Covestro AG
• Dow Inc.
• MOMENTIVE Performance Materials Inc.
• 3M Company
• Adhesives Research, Inc.
• Sika AG
• H.B. Fuller Company
• Lord Corporation
• Wacker Chemie AG
• Ellsworth Adhesives
• RPM International Inc.
• Kraton Corporation
• ITW Performance Polymers