Press release
Global Construction Adhesives Market Revenue to reach USD 17.3 Mn by 2031
The global construction adhesives market features a largely consolidated vendor landscape and is characterized by a high level of competition among leading vendors, observes Transparency Market Research in a recent report. The high level of competition has chiefly resulted from the presence of chiefly generic products in the market, owing to which, buyers can easily switch between suppliers. To gain a greater control on the market, leading vendors are seen focusing on innovations, strategic collaborations with regional players, and expansion in emerging regional markets to benefit from untapped growth opportunities.Some of the leading companies in the market are 3M, SIKA Group, Henkel AG & Company KGaA, H.B. Fuller Company, and Bostik SA.
According to the report, the global market for construction adhesives will exhibit a 5.2% CAGR from 2018 to 2026, rising from an opportunity of US$9,202.3 mn in 2017 to US$14,615.6 mn in 2026. Of the key product varieties in the market, the segment of acrylic-based adhesives will see the most promising growth prospects over the report's forecast period. Geographically, the market in Asia Pacific is expected to provide the most promising set of growth opportunities owing to the vast rise in residential and commercial construction projects in emerging economies.
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Market Segmentation:
By Service Type:
Water-based Adhesives
Solvent-based Adhesives
Reactive Adhesives
Others
By Sourcing Type:
Synthetic
Natural
By Application:
Flooring
Tile Setting
Wall Covering
Roofing
Panel Lamination
Others
By Industry Vertical:
Residential Construction
Commercial Construction
Industrial Construction
Infrastructure
Others
By Region:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Regional Analysis:
North America and Europe: Mature markets with a strong presence of construction industries, driving the demand for construction adhesives in various applications.
Asia Pacific: Witnessing rapid urbanization and infrastructure development, leading to increasing adoption of construction adhesives in residential and commercial construction projects.
Latin America, Middle East, and Africa: Emerging markets showing significant growth potential for construction adhesives, fueled by infrastructure development and construction activities.
Market Drivers and Challenges:
Drivers:
Shift towards environmentally friendly and low-VOC adhesive solutions
Increasing adoption of prefabricated construction techniques
Growth in renovation and remodeling activities
Challenges:
Fluctuations in raw material prices
Stringent regulations governing volatile organic compound (VOC) emissions
Competition from traditional mechanical fastening methods
Market Trends:
Development of hybrid and green adhesives with enhanced environmental performance and sustainability.
Integration of smart adhesives with self-healing and self-cleaning properties for enhanced durability and maintenance.
Growing demand for high-performance adhesives capable of bonding dissimilar materials and withstanding harsh environmental conditions.
Future Outlook:
The construction adhesives market is expected to witness continued growth and innovation in the coming years, driven by the increasing demand for efficient and sustainable bonding solutions in construction projects worldwide. As construction methods evolve and environmental considerations become paramount, construction adhesives will play a crucial role in shaping the future of building construction.
Key Market Study Points:
Understanding the performance and compatibility of different types of construction adhesives with various substrates and applications.
Assessing the impact of regulatory standards and certifications on the adoption of construction adhesives in different regions and industry verticals.
Analyzing emerging trends in construction methods and materials and their implications for the construction adhesives market.
Competitive Landscape:
The construction adhesives market is characterized by the presence of both global players and regional manufacturers. Key market players are investing in research and development initiatives to introduce innovative adhesive solutions and gain a competitive edge in the market.
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Recent Developments:
Introduction of high-strength and fast-curing construction adhesives to streamline construction processes and reduce project timelines.
Strategic partnerships and collaborations between adhesive manufacturers and construction companies to develop customized adhesive solutions for specific applications.
Expansion of production capacities and distribution networks to meet the growing demand for construction adhesives in key markets worldwide.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Transparency Market Research Inc.
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Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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Website: https://www.transparencymarketresearch.com
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