Zion Market Research, the market research group announced the analysis report titled ‘Construction Adhesive Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024‘
Global Construction Adhesive Market: Overview
Construction adhesive is a chemical formulation that is used to hold two or more materials together. These materials range from basic household materials to construction materials. These adhesives grip two surfaces together strongly for a longer time. It is an appropriate material to blend inorganic fillers, synthetic rubber, coloring, resins, and preservative compounds. It acts as a blend of organic solvents that are designed to strongly bond together most common building materials. They are extensively preferred in the various applications such as decorative laminates, bonding plywood, concrete, particleboard, metals, and others. Construction adhesives are comparatively superior to the traditional adhesives, which includes wood glues, contact cement, traditional physical fixings, and screws & nails. These adhesives are used while renovation, adding finishing touches to homes, and in construction.
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Global Construction Adhesive Market: Growth Factors
Increasing demand for construction adhesive globally owing to rising construction and infrastructure activities may foster the global construction adhesive market growth. Additionally, increasing usage of the construction adhesive in the commercial and housing applications is anticipated to augment global market over the period. However, their low cost and easy availability may fuel the global market growth in future. Improved properties coupled with better production techniques along with technological advancements is expected to open up new growth opportunities over the next few years. Conversely, unstable material prices are the major restraints to the growth of the global market.
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Global Construction Adhesive Market: Segmentation
The global construction adhesive market is segregated based on the application as countertop lamination, resilient flooring, manufactured housing, pre-finished panels, drywall lamination, roofing, concrete, joint cement, and flooring underlayment. Based on types, the global market is fragmented as epoxy, silicone, and polyurethane. Moreover, the global market based on technology is divided as waterborne, thermoset resin, and solvent-borne. The geographical segment of the global construction adhesive market includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Global Construction Adhesive Market: Regional Analysis
Asia Pacific held the largest market share in the global construction adhesive market due to rising infrastructure and construction activities. This trend is expected to continue over the next few years. China is the leading region in the global market as demand for construction adhesive is increasing from the infrastructure industries. However, emerging economies such as Argentina, South Africa, and Brazil may witness significant growth in the near future owing to increasing construction activities in these countries. Europe shows a sluggish growth but may acquire considerable growth in the next few years.
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Global Construction Adhesive Market: Competitive Players
Major players in the global construction adhesive market are Polymeric Systems, Inc., Kenneth Crosby, Acoustical Surfaces, Inc., ITW, Franklin International, Green Glue Co, and Dow Corning Corp. Other players include Avatack Co., Ltd., Henkel, H.B. Fuller and Bostik, Avery Dennision Corp., McCoy Soudal, Sika, 3M, The Dow Chemicals Co., and DAP Products.
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