Construction Adhesives & Sealants Chemical Market Future Analysis with Leading Industry Players like Henkel AG & Company, H.B. Fuller, Bostik SA, Sika AG, 3M Company, Illinois Tool Works Corporation

Increase in need for better infrastructure, rise in investment, and high disposable income are expected to drive the growth of the construction adhesives & sealants chemical market.

Glass building constructions for commercial space are rapidly increasing. Large sheets of glass for windows, doors, and roof installed in these modern structures require sealants in the panel to achieve a weather-tight structure. Improvement in lifestyle patterns in emerging countries such as China, India, Brazil, Middle East, and Africa owing to the rapid economic development and increase in disposable income have fueled the development of residential projects, which resulted in increased demand for adhesives & sealants.

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According to a new report published by Allied Market Research, titled, Construction Adhesives & Sealants Chemical Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2015-2023, the global construction adhesives & sealants chemical market was valued at $7,131 million in 2016, and is expected to reach $12,844 million by 2023, growing at a CAGR of 8.8% during the forecast period. In 2016, water-based adhesives accounted for two-fifths of the total share, in terms of revenue, whereas acrylic sealants accounted for one-third of the total share.

Top Dominating Market Key Players:

Henkel AG & Company
H.B. Fuller
Bostik SA
Sika AG
3M Company
Illinois Tool Works Corporation

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Adhesives are chemical mixtures, which are used to hold two or more surfaces together to form a single unit. Sealants are semisolid substances, which are used to fill the space between the two surfaces, thereby providing a barrier or protective coating. Adhesives have high shear and tensile strength and are used for holding and bonding applications. Sealants are used for their ability to fill gaps, and resist relative movement of the substrates. They are more flexible, but have lower strength than adhesives. Adhesives & sealants improve the stress distribution in the structures, help enhance structural integrity, dampen vibration or movement in structure, seal dissimilar substrates, and act as protective seal in harsh environmental conditions. These characteristics drive the demand for adhesives & sealants construction chemicals in complex modern structures.

Improvements in lifestyle patterns in emerging countries such as China, India, Brazil, Middle East, and Africa boost the demand for housing and commercial infrastructure. Expansion of production facilities of adhesives & sealants to meet the surging demands in the emerging economies such as India and China has a positive impact on the market growth.

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Volatility in the prices of raw material and regulatory intervention for high volatile organic compounds (VOCs) from the environment bodies & federal agencies are projected to hamper the growth of market during the forecast period. Stringent regulations have promoted R&D activities to develop bio-based adhesives & sealants with reduced carbon footprints, which is expected to provide lucrative opportunities for the key players.

Key Findings of the Construction Adhesives & Sealants Chemical Market

•Asia-Pacific is expected to lead the market during the forecast period, followed by LAMEA
•In 2016, the infrastructures application generated the highest revenue, and is projected to grow at a CAGR of 9.2% during the forecast period
•In 2016, the acrylic sealants type generated the highest revenue, and is projected to grow at a significant CAGR during the forecast period
•The residential segment is anticipated to show high growth rate, registering a CAGR of 8.5%
•LAMEA accounted for approximately one-fourth share in terms of revenue, in 2016.
•The construction adhesives & sealants chemical market in North America is anticipated to grow at a CAGR of 7.4%
•Asia-Pacific and LAMEA collectively contributed more than half of the share in global market, in terms of revenue, in 2016

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