Market Analysis of Global Construction Adhesive Market Report added by Data Bridge Market Research. This report provides market size and growth, industry segmentation, market shares, trends and Key player strategies,competitive landscape analysis.
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Global Construction Adhesive Market accounted for USD 8.50 billion in 2016 and is projected to grow at a CAGR of 5.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Market Definition of Global Construction Adhesive Market
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.
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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.
There is a growing demand for construction adhesive in residential, commercial and industrial activates, which is expected to be one of the major drivers of the market over the next seven years.
Competitive Landscape of Global Construction Adhesive Market
The Global construction adhesive market is fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Global Construction Adhesive Market By Resin Type (Acrylic Adhesive, Polyurethanes, Polyvinyl Acetate, Epoxy, Others), By Technology (Water-based, Solvent-based, Reactive, Others) By Application (Residential, Commercial, Industrial) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
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Market Segmentation of Global Construction Adhesive Market
The construction adhesive market is segmented on the basis of resin type acrylic adhesive, polyurethanes, polyvinyl acetate, epoxy and others.
On the basis of technology, the market is segmented water-based, solvent-based, reactive and others.
On the basis of application, the market is segmented residential, commercial and industrial.
On the basis of geography, the construction adhesive market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
Major Market Competitors of Global Construction Adhesive Market
Some of the major players in construction adhesive market Henkel AG & Co. KGaA, H.B. Fuller Company, Sika AG, Bostik, 3M, The Dow Chemical Company, Dap Products Inc., Franklin International, Illinois Tool Works Inc., Avery Dennison Corporation, General Electric, Asian Paints, BASF SE, Konishi chemical ind Co., Ltd., MAPEI Corporation, PCI Augsburg GmbH, Pecora Corporation, Pidilite Industries Limited, Selena Group, Soudal Inc., The Euclid Chemical Company, The Yokohama Rubber Co., Ltd., Wacker Chemie AG and many more.
Major Market Drivers:
- High demand of adhesives residential housing and infrastructure sector
- Increasing demand from glazing and panels in new high-rise buildings
- Adhesive bonding leads to revolutionary advances for safety and ease of application
- Raw material price vitality
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