San Francisco, 15 November 2018: 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.
Access
Research Report of Construction Adhesive
Market @ 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 at: 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
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o UK
o France
·
Asia
Pacific
o China
o Japan
o India
·
Middle
East & Africa
·
Central
& South America
Access Press Release of Construction Adhesive
Market@ www.grandviewresearch.com/press-release/global-construction-adhesive-market
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.
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