Future Analysis For Ceramic Adhesive Market Forecast By 2019-2025.
Ceramic
adhesive market is observing a steep rise due to growing building &
construction industry in Asia Pacific. It has a broad application spectrum in
flooring, tiling, roofing, etc. It is utilized for both industrial and domestic
applications, though industrial use is more than domestic do-it-yourself
purposes. Ceramic adhesive market is rising due to the need for structurally
strong, heat and chemical resistant adhesives, especially in modern
construction.
It is used in one or two part compositions. Ceramics are also
limitedly used in high-temperature applications such as automobile and
aerospace. Due to this, the certain ceramic adhesive has also been developed
with service temperature up to 2,200oC are have also been developed.
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Ceramic
adhesive market product segment is divided based on material used in its
production. It includes cyanoacrylate, epoxy, silicone, cement based, acrylic
and others. Ceramic-based adhesives have the largest market share and are
projected to grow fastest, over the forecast period. The prime reason behind
its demand is the drying technique utilized in the process. For example, in flooring
work, the tiles are heavy, and the cement based ceramic adhesive provide a
uniform strength, flexibility and drying consistency over the other ready mix
adhesives.
As a
result, the tile dries uniformly, rather than in few floor pocket areas. The epoxy-based
ceramic adhesives demand is also increasing owing to its enhanced binding,
waterproof, and thermosetting & thermoplastic properties. The other
segments include polyurethane, alkali silicates and various metal phosphates.
Ceramic adhesive market application segments include
building & construction, dental and others. It is used in various building
& construction applications as architectural coatings, flooring adhesives,
water-proofing membranes, elastomeric roof coatings, sealants, nonwoven applications,
joint compounds, mortar modification, fiber-bonding, and mortar modification.
Its other construction applications include carpet laying, heating,
ventilation, air conditioning, resilient flooring, wall covering, pre-finished
panels, and flooring underlayment.
North America, Asia-Pacific and,
Europe, will be the demand driving markets for ceramic adhesive. Asia Pacific
will be the prime product demand driving region. Building & construction
industry is rising in the developing Asia Pacific economies such as China,
India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan,
Thailand, and Vietnam. Some of the prime reasons are increased
industrialization, budding investments, mounting population and urbanization in
the region.
According to the Asia Development
Bank, Asia Pacific accounted for over 42% of global GDP at purchasing power
parity in 2017. It also highlighted a fact that China, Japan, and India
accounted for prime economies in the region. On the other hand, since 2017, the
region is home to 55% of the global population. These developments will drive
the construction industry in the future, creating ceramic adhesive market
demand.
European construction industry is
growing due to the low-interest rates, good economic growth, and rising housing
needs. However, its pace is projected to be slow. Latin American countries such
as Argentina and Brazil have also shown significant economic progress since
last two decades. As a result of these developments, the construction activity
in the region is likely to foresee healthy growth, in turn pushing the ceramic
adhesive demand in coming projected time.
The
companies operating in polyphenylene ether alloy (PPE) business are Dunlop, 3M,
Parson adhesives, inc., Permabond LLC, Ivoclar Vivadent Inc., BASF, Kuraray,
Henkel, Bostik, Terraco, Mapei, Dural Industries, Saint-Gobain Weber.
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Future Analysis For Ceramic Adhesive Market Forecast By 2019-2025.
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Reviewed by GMI
on
August 02, 2019
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