New York City, NY: Jun 18, 2019 – Published via (Wired Release) – Construction adhesives are used to bond various construction materials with each other, and are also used as raw material in construction industry. Increasing usage of construction adhesives in construction of commercial, industrial, and residential buildings in various countries globally is a major factor driving growth of the global construction adhesives market.
The global construction adhesives market is estimated to value US$ 8.8 Bn in 2017 and is projected to register a CAGR of 5.5% in terms of value during the forecast period 2017–2026. The first five-year cumulative revenue (2017–2021) is projected to be US$ 49 Bn, which is expected to increase moderately over the latter part of the five-year forecast period.
Rising demand for use of eco-friendly products in construction adhesives, owing to stringent government rules the manufacturing cost increases, which is projected to hamper growth of the market. In addition, solvent-based adhesives such as resins, vinyl acetate, rubber, and others have a tendency to react with nitrogen oxide present in the atmosphere to form ozone, it is likely to increase risk of diseases such as respiratory ailments.
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Global Construction Adhesives Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global construction adhesives market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global construction adhesives market is expected to expand at a moderate CAGR of 5.5% during the forecast period.
Global Construction Adhesives Market: Segmental Snapshot
The market report has been segmented on the basis of type, technology, application, and region. The type segment includes acrylic, polyvinyl acetate, epoxy, and others. The technology segment includes water-based, solvent-based, and others. The application segment includes residential, industrial, and commercial. The regions covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By Type: The Acrylic segment is estimated to register a CAGR of over 5%, thereby accounting for highest revenue share among the type segments.
By Technology: The water-based segment is estimated to register a CAGR of over 5.5%, thereby accounting for highest revenue share among the technology segments.
By Application: The residential segment is estimated to account for highest revenue share among the application segments, registering a CAGR of over 5% over the forecast period.
By Region: The market in Asia Pacific accounted for highest revenue share in the global construction adhesives market in 2017, and is expected to record CAGR of over 6% between 2017 and 2026.
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Global Construction Adhesives Market: Competitive Analysis
The research report on the global construction adhesives market includes profiles of major companies such as 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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