Growing building & construction activities have led to an increase in demand for construction adhesives. The global construction adhesives market is estimated to be USD 9.09 Billion in 2017 and is projected to reach USD 11.60 Billion by 2022, at a CAGR of 5.0% from 2017 to 2022.
The Asia Pacific construction adhesives market is projected to grow at the highest rate, in terms of value and volume, from 2017 to 2022. Construction adhesives manufacturers are focusing on the Asia Pacific region, as it has the largest construction industry and accounts for approximately 40% of the global construction spending.
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The China construction adhesives market has grown rapidly and is projected to witness high growth in the future due to continuous shift of the construction adhesives production facilities into the country. The government of countries, such as India, Thailand, and Indonesia are investing heavily in residential and commercial construction activities, which is likely to influence the growth of the construction adhesives market in these countries.
Based on end-use sector, residential is estimated to be the largest segment of the construction adhesives market in 2017, in terms of volume, followed by the infrastructure segment. The rising demand for new and innovative products and the need for research & development in construction adhesives have driven companies to adopt organic and inorganic growth strategies to increase their market shares.
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Key Target Audience:
- Manufacturers of construction adhesives and their raw materials
- Raw material suppliers
- Traders, distributors, and suppliers of construction adhesives
- Regional manufacturer associations and general construction adhesives associations
- NGOs, governments, investment banks, venture capitalists, and private equity firms
- Manufacturers of construction adhesives for end-use sectors, such as residential, non-residential, and infrastructure
Construction Adhesives Market, By Region:
- North America
- South America
Construction Adhesives Market, By Technology:
- Solvent borne
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- Rising Demand from the Asian and MEA Countries
- Construction Adhesives Provide Safety and Ease of Application
- Increased Demand for Construction Adhesives in the Residential Housing and Infrastructure Industries
Companies such as Henkel (Germany), 3M (US), Bostik (France), Sika (Switzerland), H.B. Fuller (US), BASF (Germany), Dow Chemical (US), DAP Products (US), Franklin International (US), Illinois Tool Works (US), Avery Dennison (US), etc., are the key players in the global construction adhesives market.
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