Construction Adhesive Market Growth, Industry Analysis And Future

Posted by Neha Bora on December 2nd, 2019

According to a report by Grand View Research, Inc., the construction adhesive market accounted for USD 8.6 billion in 2016. Rising usage of adhesives due to increased construction projects is anticipated to boost the market in the future. These products have various applications in waterproofing, roofing, flooring & insulation, reinforcement, and cladding. Its unique characteristics coupled with improved production techniques is expected to provide new scope to the market. On the other hand, unstable market prices is expected to be a major cause that is likely to hinder the growth of the market.

Acrylic resins provide various advantages such as flexibility, environment-friendliness, and nontoxicity. It is also used in glazing, roofing, flooring, and replacement of joints & welds fueling demand for construction adhesives. Silicone adhesives have properties such as high thermal resistance, microbial resistance, and permeability of vapor, water, weather, and heat. Due to innovative processing techniques and technological advancements, regions such as North America are likely to witness high demand for water-based technology resulting in fueling the growth of silicone resin in U.S.

Developed countries such as U.K., Germany, and France are expected to witness moderate growth. However, initiatives, such as energy efficiency incentive program, which is led by European Commission, is aimed at supporting energy efficient building and other projects of construction and renovations to bring high investments. This is likely to have a positive impact on the construction adhesive industry in the region.

Access Press Release of Construction Adhesive Market @ https://www.grandviewresearch.com/press-release/global-construction-adhesive-market

Due to circumstances such as production outages, regional demand, geopolitical conflicts, currency fluctuations, and supply variations, the raw material supply is impacted. For instance, in order to match regional demand for construction adhesives, The Dow Chemical Company has announced to maximize ethylene production, to expand its operations throughout North America. The reason responsible for this move is the growing demand for construction adhesive and ample supply of low cost ethane.

Key players of the construction adhesive industry have resorted various strategies such as mergers, acquisitions and alliances to make their presence felt in the industry. The market is fragmented and highly competitive with leading players controlling the market. Some of the players of the construction adhesive market are 3M Company; H.B. Fuller; Sika AG; Bostik SA (An Arkema Company); The Dow Chemical Company; DAP Products, Inc.; Henkel AG & Co; KGaA, Franklin International; Avery Dennison Corporation; and Illinois Tool Works Incorporation.