Construction adhesives are used to bond materials with each other, and are also used as raw material in construction industry in concrete mixtures, slabs, coatings, and others. Construction adhesives are effective solutions for bonding process, in order to meet demands of construction industry with respect to production speed, flexibility, and efficiency.
Global Construction Adhesives Market Dynamics:
Increasing adoption of construction adhesives in construction of commercial, industrial, and residential buildings is expected to drive market growth over the forecast period. Rising awareness regarding interior temperature control in buildings to offer interior and exterior strength from weather-proofing against temperature changes, by use of various wall coatings is expected to be a key driving factor for the Construction Adhesives Market.
Analysis By Segmentation:
In 2017, revenue contribution from the water-based segment in the global construction adhesives market is expected to be US$ 3,628.0 Mn, which is projected to increase significantly by end of 2026.
The residential segment in the global construction adhesives market has been estimated to account for revenue share of 38.4% in 2017.
Asia Pacific market has been projected to account for revenue of US$ 3,172.5 Mn in 2017, and is expected to register a lucrative CAGR during the forecast period, owing to technological advancements, increasing per capita spending, and growing for construction industry in countries in this region.
Asia Pacific market is projected to dominate the global construction adhesives market and revenue year on year growth of the Asia Pacific market is estimated to increase rapidly during the forecast period, as compared to that of markets in other regions. Strong presence of domestic and international manufacturers and their wide distribution network in emerging economies such as China and India in Asia Pacific region is a key factor driving growth of the Asia Pacific construction adhesives market. Rising demand for construction adhesives in the region, owing to increasing level of industrialization and heightened consumption of these products are major factors expected to contribute towards growth of the Asia Pacific construction adhesives market to a significant extent.
Key players operating in global construction adhesives market include H.B. Fuller, 3M Company, Sika AG, The DOW Chemical Company, Bostik SA (Arkema Group), Henkel AG & Company, KGaA, Royal Adhesives & Sealants, Jowat SE, Dymax Corporation, and Avery Dennison Corporation.
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