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Exploring the Global Construction Adhesives Market 2024: Size, Share Analysis, Growth Trends, and Forecasts for 2033 - Unveiling Key Insights, Drivers, and Competitors
Construction Adhesives Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Construction Adhesives industry. This report on Construction Adhesives market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The construction adhesives market size has grown strongly in recent years. It will grow from $11.15 billion in 2023 to $12.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to construction and infrastructure projects, building renovations and repairs, growing need for green building and sustainability, increasing regulatory compliance, and urbanization and population growth. The construction adhesives market size is expected to see strong growth in the next few years. It will grow to $17.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
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Key Market Players:
Minnesota Mining and Manufacturing Company., Adhesives Technology Corporation, Arkema SA, Avery Dennison Corporation, DAP Products Inc., Dow Inc., H.B. Fuller Company, Henkel AG & Co. KGaA.
Market Drivers:
According to the Construction Adhesives Market Report 2024 by The Business Research Company, the rising investment in the infrastructure sector is expected to propel the growth of the construction adhesives market going forward. The infrastructure sector refers to the physical and organizational systems and facilities that support and enable various aspects of modern society, including transportation, energy, communication, and public services. Investment in the infrastructure sector used in construction adhesives by creating opportunities for innovative construction methods, materials, and technologies development. For instance, in May 2023, according to a report published by the Office for National Statistics, a UK-based government department, total general government infrastructure spending increased by 15.2% in 2021 compared to 2020, reaching £23.8 billion in current prices. Therefore, rising investment in the infrastructure sector is driving the growth of the construction adhesives market.
More information about the Global Construction Adhesives Market Report -
https://www.thebusinessresearchcompany.com/report/construction-adhesives-global-market-report
Market segments for Construction Adhesives include:
1) By Type: Water-based, Solvent-based, Hot-melt, Reactive
2) By Resin Type: Acrylic Adhesive, Polyurethane (PU), Polyvinyl Acetate (PVA), Epoxy
3) By Application: Residential, Commercial, Industrial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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