Feb 10 2015
The report "Construction Adhesive Market by Type (Silicone, Epoxy, Polyurethane), by Technology (Waterborne, Solvent borne, Thermoset Resin), and by Application (On site, Offsite, Civil) - Global Forecasts to 2019", The global Construction Adhesive Market was estimated to be $10.9 Billion in 2014 and to reach around $13.0 Billion by 2020 at a CAGR of about 3.7% between 2014 and 2019.
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The global Construction Adhesive Market is significantly penetrating in the housing, commercial and infrastructure applications. The characteristics of the end products differ as per the requirement of end-user industries and for different applications. The Asia-Pacific region is the fastest growing segment of the global Construction Adhesive Market and is mainly attributed to high economic growth rate followed by growing demand for biobased adhesives, rising demand from infrastructure development, maintenance and renovation which is eventually driving the construction adhesive industry. The Asia-Pacific and ROW markets are estimated to show an excellent growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.
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R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of construction adhesive and match the consumer demands coming from various types of applications. Global companies are continuously investing in R&D to multipurpose and bio-based, durable and quick setting adhesives that can be used in the residential sector.
Asia-Pacific is the largest market, both in terms of volume and value, followed by ROW. China, Brazil, Thailand, India, and Argentina are expected to persist as successful construction adhesive markets. The key players in the Construction Adhesive Market are 3M (U.S.), Henkel A&G (Germany), Sika (Switzerland), Bostik (France), H.B. Fuller (U.S.), Franklin International (U.S.), DAP Products (U.S.), ITW (U.S.), Avery Dennision Corporation (U.S.) and The Dow Chemical Company (U.S.) and others.
The Eastern and Central European nations, emerging South-East Asian, and Latin American nations that will host the future global events would supplement the growth of infrastructure development, followed by rising demand from onsite applications which will directly boost the demand for the construction adhesive.
The construction adhesive demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.
The global markets values of the Construction Adhesive Market was estimated to be around $8.7 billion in 2013 and is projected grow at a CAGR of around 6% between 2014 and 2019. The high demand for the adhesive and sealant across the housing and infrastructure industry will increase the overall construction adhesive consumption.
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