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Construction Adhesives & Sealants Chemical Market Growth Overview Along with Company Profiles Henkel AG & Company, H.B. Fuller, Bostik SA, Sika AG, 3M Company, Illinois Tool Works Corporation, Avery Dennison Corporation, DAP Products, & Others

04-12-2019 06:41 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Construction Adhesives & Sealants Chemical Market

Construction Adhesives & Sealants Chemical Market

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.

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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.

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.

Top Investment Pocket

The residential segment accounted for about one-third share in 2016, and is expected to grow at a CAGR of 8.5% during the forecast period. Growth in urbanization has led to increase in construction of residential complexes and buildings, which in turn boosts the demand for adhesives & sealants. Construction firms initiate large number of residential projects with high-grade construction materials to provide improved structural integrity and sustainability.

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

The key players operating in the market are Henkel AG & Company, H.B. Fuller, Bostik SA, Sika AG, 3M Company, Illinois Tool Works Corporation, Avery Dennison Corporation, DAP Products, Royal Adhesives & Sealants, LLC., and Franklin International.

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Table of Content

Chapter: 1. INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

Chapter: 2. EXECUTIVE SUMMARY
2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

Chapter: 3. MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top Investment Pockets
3.2.2. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.4. MARKET DYNAMICS
3.4.1. Drivers
3.4.1.1. Growing investments in construction industry
3.4.1.2. Increase in housing and construction projects in emerging economies
3.4.1.3. Shift in preference towards hot-melt adhesives
3.4.2. Restraints
3.4.2.1. Volatility in raw material prices
3.4.2.2. Government regulations
3.4.3. Opportunities
3.4.3.1. Growing demand for low VOC, green and sustainable adhesives & sealants
3.5. MARKET SHARE ANALYSIS, 2015 (%)

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About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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