Global Construction Adhesive and Sealant Market Analysis and Forecast by 2022, Market Size USD 12 billion
The global construction adhesive and sealant market is significantly penetrating in the commercial, housing, and infrastructure applications. The characteristics of the end products are different according to requirement of end-user industries for different applications. The key influencing factors for this market are increase in the demand in ceramic tile, pre-finished panels, roofing, wall covering, concrete, pipe cements, flooring underlayment, countertop lamination, drywall lamination, HVAC, and other applications. The leading global companies invest & expand by way of partnerships & agreements, and mergers & acquisitions. The global construction adhesive & sealant market size is expected to cross USD 12 billion and is projected to grow at a CAGR of approximately 6% in the forecasted period.
Regional Analysis of Construction Equipment Market
The regional analysis of Construction Equipment market is being studied for areas such as Asia pacific, North America, Europe and rest of the world. APAC would be the largest growing market in terms of revenue generation because of increased investment in construction and infrastructure to support the economic development and rapid population growth.
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The key players of global Construction Adhesive and sealant market report include- 3M Company, Henkel A&G, Bostik SA, Sika AG, H.B. Fuller, Franklin International, ITW Polymers Sealants North America, DAP Products Inc., Avery Dennision Corporation, and The Dow Chemical Company.
Global Construction Adhesive Sealant Market - Competitive Analysis
Characterized by the presence of several well-established along with medium and small players, the global market of construction adhesive sealant appears to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. In order to maintain the position and share in the market, major players have adopted certain strategies.
Bostik SA (France) continues to expand its manufacturing capacities with the opening of a new facility in Gujarat (India). The new facility will produce advanced hot melt pressure sensitive adhesives (HMPSA). It will support the strong growing demand for its products in both India and export markets.
In 2016, Henkel Corporation (U.S.) launched waterproof construction adhesive. The adhesive has an instant grab that holds in couple of seconds, and thus reduces the need for nails and screws. It is specially formulated to work on wet surfaces.
Global Construction Adhesive Sealant Market - Segments
Global Construction Adhesive Sealant Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Type : Comprises – Polyvinyl Acetate, Acrylic, Epoxy, Polyurethane and others.
Segmentation By Technology : Comprises - Reactive, Waterborne, Solvent Borne, and others
Segmentation By End-use : Comprises – Waterproofing, Insulation, Walls & panels, Roof & Floors, and others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.
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