The global construction adhesive market is
expected to reach USD 14.04 billion by 2025, according to a new report by Grand
View Research, Inc. Increasing utilization of these products in commercial
and residential buildings has been a major driving factor for the market
growth.
A broad range of diverse products
and rising infrastructural and building activities in various regions are
expected to surge the demand for adhesive products. Increasing developments by
companies in order to reduce the cost involved in manufacturing the products
are projected to spur market growth.
Construction adhesives are used
in numerous green building applications such as roofing, siding, fencing,
walls, pipe & fittings, doors, flooring, windows/frames, and house
wrap/vapor barriers. High durability and low cost of these adhesives make them
an ideal material of choice for contractors and consumers. Increasing
applications in architectural design and renovation of old buildings are other
factors driving their growth globally.
The global demand for acrylic
adhesive in resin type segment from construction industry is growing rapidly
owing to its advantages. Rapid urbanization, changing lifestyles, rising safety
concerns, and healthy living environment backed by increasing disposable income
in Asian countries have influenced the consumption trends of construction
materials. These factors are expected to aidthe growth of the market over the
forecast period.
Browse full research report on Global
Construction Adhesive Market: http://www.grandviewresearch.com/industry-analysis/construction-adhesive-market
Further key findings from the report suggest:
- The global demand for construction adhesive market was valued at USD 8.60 billion in 2016 and is anticipated to progress at a CAGR of 5.6% from 2017 to 2025
- Acrylic adhesive dominated the market in 2016, followed by polyvinyl acetate in resin type segment
- Industrial segment was the significant application segment in 2016 and is projected to follow the same growth trend over the forecast period. The segment is expected to grow at a steady CAGR over the coming years.
- Asia Pacific region is anticipated to be the fastest growing regional segment in terms of revenue over the forecast period with a CAGR of 6.1% over the forecast period
- Some of the major players in the industry include H.B. Fuller, 3M Company, Sika AG, The DOW Chemical Company, Bostik SA (An Arkema Company), Henkel AG & Co. KGaA, Dap Products, Franklin International, Illinois Tool Works Incorporation, and Avery Dennison Corporation.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the global construction
adhesive market by resin type, technology, application, and region:
Resin Type Outlook (Volume, Thousand tons, Revenue, USD
million; 2014 - 2025)
- Acrylic Adhesive
- Polyurethanes
- Polyvinyl Acetate
- Epoxy
- Others
Technology Outlook (Volume, Thousand tons, Revenue, USD
million; 2014 - 2025)
- Water based
- Solvent based
- Reactive & Others
Application Outlook (Volume, Thousand tons, Revenue, USD
million; 2014 - 2025)
- Residential
- Commercial
- Industrial
Regional Outlook (Volume, Thousand tons, Revenue, USD
million; 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- India
- Middle East & Africa
- Central & South America
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market intelligence
studies ensuring relevant and fact-based research across a range of industries,
from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
No comments:
Post a Comment