Global Construction Adhesives Market – Analysis and Forecast To 2024 | 3M Company, Bostik, Sika AG,by VynZ R. VynZ Research.Industry
Adhesives are bonding agents which are used to join materials. Construction adhesive is chemical formulations that are used to hold materials together, ranging from households’ materials to construction materials. Some of the application of these adhesives includes carpet layment, ceramic tile, concrete, flooring underlayment, joint cements, roofing, wall covering, and others. The global construction adhesives market is experiencing significant growth in recent years, due to the rising construction activities around the world. This is attributed to the increasing population and a need to provide better infrastructure to the people, resulting in the increasing demand of these adhesives in the construction adhesives market.
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Based on technology, the construction adhesives market is segmented into water-borne, reactive, solvent-borne, and others. Water-borne technology is further classified into natural water-borne adhesive and synthetic water-borne adhesive.
Shortage of labor in construction industry, already developed infrastructure in developed countries, and stringent environment regulations in the European and North American countries are identified as major challenge in the construction adhesives market growth. The construction industry around the world is facing a severe shortage of labor in the market.
Global manufacturers are focusing on ensuring the safety to avoid health related issues associated with volatile organic compounds emissions from the adhesives used in the construction industry, which is also effecting the production capacities of the manufacturers at the same time.
Globally, the Asia-Pacific is projected to register the highest growth in the construction adhesives market. The growth is mainly driven by the China, as the country is spending heavily on commercial and residential construction activities, which is influencing the market growth of the country. Along with that, the major players in the region are also investing on the research and development to develop more innovative, developed and advanced products to cater the market, resulting in market growth.
Some of the major players operating in the construction adhesives industry are Henkel Corporation, 3M Company, Bostik, Sika AG, H.B. Fuller, BASF SE, DowDuPont Inc., Franklin International, Avery Dennison, and Mapei SpA.
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Created on Feb 19th 2020 06:15. Viewed 169 times.