Construction Adhesive Market Update, Analysis, Forecast, 2019-2025
Construction Adhesive Market size
may witness significant gains during the forecast period owing to rise in
residential, commercial and infrastructure project. Growing demand for
construction adhesive over traditional adhesives such as wood glues and contact
cements and traditional physical fixings including screws owing to their high
flexibility and excellent workability and nails will drive the product demand.
Increased product usage for
construction activities including ceramic tiles, concrete, flooring
underlayment, pre-finished panels, water proofing and roofing should drive
construction adhesive market size. Global construction market size may surpass
USD 20 trillion by 2021 owing to rise in government investments in various
infrastructure facilities. Rise in demand for adhesives in renovation of old
buildings and architectural design may boost the overall industry growth.
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Water
based construction adhesive may witness strong gains over the forecast
timeframe owing to its high bond strength and heat resistant properties along
with wide range of applications in areas where odor or solvent based products
are not suitable which includes commercial centers, laboratories, and offices.
Growing consumer preference for eco-friendly adhesive with zero VOC emission
may boost construction adhesive market
growth.
Polyurethane
resin based adhesive segment is anticipated to dominate the market over the
forecast time frame. It helps in providing high quality adhesion and
low-temperature flexibility to most common construction materials such as
treated wood, concrete, hardwood flooring, and ceramic. Rise in demand for
polyurethane adhesive in modular construction and finish carpentry will boost
construction adhesive market growth. Apart from this excellent UV resistant
properties of polyurethane resin may favor its demand growth in sustainable building
construction.
Asia Pacific led by India, Japan, and
China construction adhesive market size may register strong gains owing to huge
investment in infrastructure projects and growing urbanization. The Southeast
Asian countries including Vietnam, Indonesia, Thailand, the Philippines and
Malaysia will significantly boost the industry growth in this region. Rapidly
expanding private sector in Indonesia along with government initiative to
enhance the country's tourism infrastructure, and transport network are
anticipated to contribute significantly in market growth.
In addition to this Economic
Transformation Program launched by Malaysian government may drive the
infrastructure and construction activities in Malaysia which will significantly
boost regional product demand.
North America led by U.S.
construction adhesive market size may witness significant gain owing to rise in
demand for bio-based adhesives. Stringent regulation framed by United States
Environmental Protection Agency towards ecofriendly construction adhesive due
to rise in concern about the environment among consumers will eventually boost
the demand for overall product. Technological advancements including innovative
processing techniques to decrease the manufacturing cost of the products
supported by presence of various major industry players may drive regional
industry growth.
Global
construction adhesive market share is highly competitive with major industry
players include 3M Company, H.B. Fuller, Sika AG, Bostik SA, The Dow Chemical
Company, Henkel AG & Co., Franklin International, and Avery Dennison
Corporation. Manufacturers are also focusing on merger and acquisitions with
local & regional companies to open new market opportunities this will
further boost the market for construction adhesive.
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Construction Adhesive Market Update, Analysis, Forecast, 2019-2025
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Reviewed by GMI
on
July 25, 2019
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