28th November 2019 – The global construction
adhesive market size is anticipated to value at USD 14.04 billion by
2025, during the forecast period. The market is subject to showcase a
substantial growth due to the rising adoption of construction adhesive during
construction of commercial and residential building and apartments. Some of the
critical factors responsible for propelling growth of the construction adhesive
market are growing demand in a wide range of construction materials and
infrastructure development activities. Other factors such as rising investment
by industry leaders for the development of the construction adhesives to reduce
cost associated with manufacturing are spurring growth of the market over the
forecast period.
Application of the construction
adhesives involves roofing, water-proofing, floor covering, lining, cladding,
and fencing among others. Substantial growth of the construction sector majorly
in the developing economies is one of the key factors for sustained growth of
the construction adhesive industry. With the recent technological advancement
coupled with exhibition of exclusive architectural designs are attributing to
expansion of the market in recent years. Globally, the construction adhesive
market is predicted to grow at CAGR of 5.6% in forecast period, providing
numerous opportunity for market players to invest for research and development in
the market.
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Some of the common application in the
construction unit for green building and apartments include roofing,
water-proofing, fencing, pipe & fittings, windows and frames. Longer life
span and lower costs associated with construction adhesives are driving their
popularity among consumers and construction companies. Adoption of construction
adhesives being an essential element in the architectural designs and
renovation of existing apartments fuels the market demand in recent years.
One of the key segment of construction
adhesives market is acrylic adhesive, rising demand of this product is
attributed to numerous advantages over other market segments. Changing trends
in the conventional construction methods due to rapid urbanization,
ever-changing lifestyles, growing safety measures, and increasing living
standards are contributing to the growth of construction adhesive industry in
coming years.
Construction adhesive is essential in
the bonding of two distinct materials together during the construction cycle
and renovation of existing buildings. Common application of the general purpose
construction adhesive includes affixing drywall, tiles, modeling, and
attachment to roof-tops, windows and floors. Construction adhesives are used in
the combination with a caulking gun. The use of construction adhesive varies as
per the external factors such as the temperature changes and moisture in the
atmosphere.
Construction adhesives that are used in
the interior are not preferred in the exterior construction due to variation in
the temperature and humidity level in the atmosphere. Construction adhesives
are largely used for the beads and full coverage. Beads signify as the array of
the adhesive that are applied simultaneously along with use of the caulking gun
on the surface area of the flooring or window frames. Application of the beads
is considered as one of the most economical, as it is mainly utilized for the
gluing of large-sized, flat materials with large flat surfaces. The beads are
also implemented in the installation of plastic tub surrounding over drywall or
ceramic tile.
The construction adhesives market is
divided into regional market segment such as North America, Europe,
Asia-Pacific, Latin America and Africa. North America and Europe have shown
major growth in recent years owing to the rise adoption of latest technologies,
preference towards bio-based raw materials, implementation of latest techniques
involving use of water-based technology and presence of prominent industry
players in the region.
Asia-Pacific region is predicted to hold
major market share in the construction adhesive industry with massive growth in
forecast period. Countries such as India, China, Sri Lanka, and Bangladesh are
leading the Asia-Pacific market with growing personal expenditure, adoption of
organic solvents and substantial investment by market players considering
future opportunities.
The key players in the construction
adhesives industry are H.B. Fuller Company, The 3M Company, Sika Group, Dow
Co., Bostik Adhesive Technologies, Henkel Corporations, Dap Products, Inc.,
Franklin International, Illinois Tool Works, Inc., and Avery Dennison Co.
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