The global polyurethane adhesives market is projected to grow from USD 8.76 billion in 2024 to USD 12.09 billion by 2030, at a compound annual growth rate (CAGR) of 5.62%. Thermoset PU adhesives dominate the market in value due to their high mechanical strength, durability, and resistance to environmental factors, particularly in automotive, construction, and footwear industries. The building and construction segment holds the largest market share, driven by urbanization and demand for durable, weather-resistant materials in developing economies. North America is the second-largest regional market, supported by stable demand in furniture, packaging, and construction, despite regulatory and environmental considerations. Key market players include Henkel AG & Co. KGaA, H.B. Fuller, Sika AG, Dow Inc., 3M Company, Huntsman Corporation, Arkema, Illinois Tool Works Inc., Parker-Hannifin Corporation, and Jowat SE.

The cordless power tools market is experiencing rapid growth due to advancements in battery technology, rising DIY culture, and increased demand for lightweight, portable, and energy-efficient tools in both residential and industrial sectors. Recent developments include DeWalt's launch of a next-generation 60V MAX platform in the U.S., Milwaukee Tool's expansion of its M18 FUEL series with brushless motors in the U.S., Makita's introduction of a compact high-capacity lithium-ion battery line in Japan, and Hitachi Koki's release of a cordless demolition hammer with vibration-reduction technology in Japan. Key market players include Robert Bosch, Techtronic Industries, Makita, Hilti, Atlas Copco, Apex Tool Group, Ingersoll Rand, Snap-On, Koki Holdings, and Stanley Black & Decker. The market is segmented by type and category, with regional analysis covering North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. DataM Intelligence, a market research firm, provides comprehensive intelligence on the sector through subscription services, including competitive landscape, sustainability impact, and market trends.

Barclays has downgraded Illinois Tool Works to Underweight from Equalweight, setting a price target of $243, which contributed to a 1.81% drop in the company's stock price to $262.49 on the NYSE. The move follows a broader shift in analyst sentiment, with Wells Fargo and Truist also adjusting their ratings. While Barclays maintains a cautious outlook, UBS, Goldman Sachs, and Deutsche Bank have maintained or slightly adjusted their price targets. Illinois Tool Works has raised its 2025 full-year profit forecast, citing confidence in price hikes and improved demand. The company reported a 7.3% increase in its quarterly dividend to $1.61, payable on October 10, 2025, and maintains a diversified product portfolio across automotive, industrial, and specialty sectors. It operates in the U.S., Europe-Middle East-Africa, and Asia-Pacific with 44,000 employees.

Barclays downgraded Illinois Tool Works (ITW) from Equal Weight to Under Weight, setting a price target of $243.00, citing limited upside due to the recovery in organic sales being already priced in by investors. The company, valued at $77.92 billion and trading at 23.3x earnings, reported strong financial stability. Despite a modest 1% revenue growth forecast for fiscal 2025, ITW has a 29-year history of consecutive dividend increases. Stifel raised its price target to $261, maintaining a Hold rating, while Truist downgraded to Hold due to valuation concerns. Navan appointed Anré Williams, former CEO of American Express National Bank, to its Board of Directors, bringing over 35 years of executive leadership experience.

Barclays has revised its U.S. multi-industry stock ratings for the second half of 2025, downgrading Illinois Tool Works and Fortive while upgrading Allegion. The bank maintains a neutral stance on the sector overall, expecting performance in line with the S&P 500, though valuations remain 'very, very expensive'. Preferred names include GE Vernova, 3M, nVent, Pentair, and Rockwell Automation, driven by demand in electric utilities, AI, data centers, consumer recovery, and factory automation. Barclays expresses caution on Johnson Controls, Otis Worldwide, and Roper Technologies due to margin pressures and weak software growth, noting that investor optimism for a 2026 industrial recovery has persisted for four consecutive years, with early guidance suggesting weaker industrial volumes into mid-2026.