Global Construction Adhesive Market is expected to reach USD 14,112.52 Million by 2025 from USD 9,235.00 Million in 2017, at a CAGR of 5.7% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The major factors driving the growth of this market are the rising demand of adhesives in construction, increased government expenditure on infrastructure, rising demand of glazing and panels in high rise buildings and advancements for safe and easy application. On the other hand, less scope of development in developed countries due to established infrastructure and stringent regulatory scenario may hinder the market.
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Key Points: Global Construction Adhesive Market
HENKEL AG & CO. KGAA is going to dominate the construction adhesive market following
- H.B. Fuller Company
- Bostik SA
- Sika Ag and DowDuPont. The other players in the market are
- DAP Products Inc.
- Franklin International
- ITW Polymers Adhesives
- AVERY DENNISON CORPORATION
- Gludown Inc.
- Resinova Chemie Ltd.
- MAPEI S.P.A. and among others.
- Infrastructure market is growing with the highest CAGR
- Flooring is driving the market with highest market share.
- Waterborne segment is dominating the construction adhesive market
Key Drivers: Global Construction Adhesive Market
Some of the major factors driving the market for global construction adhesive are rising demand of adhesives in construction, increased government expenditure on infrastructure, rising demand of glazing and panels in high rise buildings and advancements for safe and easy application are the factor which will drive the demand of global construction adhesive market.
- Less scope of development in developed countries due to established infrastructure are the factors which may hinder the growth of this market.
Market Segmentation: Global Construction Adhesive Market
- Based on resin type, the global construction adhesive market is segmented into five notable sub-segments; acrylic adhesive, polyurethanes, non-reactive adhesives polyurethane, reactive adhesives. The acrylic adhesive is sub segmented into acrylic adhesives, anaerobic acrylic adhesives, cyanoacrylates adhesives, reactive acrylic and the reactive adhesives is sub segmented into one-component adhesives, two-component adhesives. In 2018, acrylic adhesive is expected to account for the largest share of 36.3% of this market.
- Based on technology, the global construction adhesive market is segmented into four notable sub-segments; water born, solvent borne, reactive and hot melts. In 2018, water born is expected to account for the largest share of 50.6% of this market.
- On the basis of application the global construction adhesive market is classified into notable sub-segments flooring, walls, tiles, concrete, surface, roofing and others. The roofing segment is growing with the highest CAGR of 7.2%.
- On the basis of end-user the global construction adhesive market is classified into notable sub-segments residential, infrastructure, commercial, industrial and others. In 2018, residential is expected to account for the largest share of 46.7% of this market.
- Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.
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