The Construction Adhesive And Sealant Market garners substantial traction worldwide. The market growth attributes to the huge consumption of adhesive and sealant materials across the construction industry. Besides, rising application areas of adhesive & sealant materials in DIY construction projects drive the growth of the market significantly. Moreover, growing infrastructure development projects across the globe escalate the market valuation to furthered height, creating tremendous market demand.
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According to Market Research Future (MRFR), the global construction adhesive and sealant market is estimated to reach USD 12 BN by 2025, growing at 6.1% CAGR during the forecast period (2019-2025). Rapidly growing global economy and urbanization over the past few years had substantiated the market demand exponentially. Also, increasing tiling and decorative works provide a considerable impetus to the growth of the market, absorbing massive amounts of construction adhesive and sealant materials.
On the other hand, price volatility and the demand-supply gap in the raw materials required for production are the major factors expected to hamper the market growth. Nevertheless, augmenting demand for waterproofing solutions and increasing construction & infrastructure development activities worldwide, would support the market growth throughout the predicted period.
Construction Adhesive and Sealant Market – Segments
The report is segmented into four dynamics;
By Product Type : Emulsions & Dispersions, Hot Melt, Polyurethane, Natural Adhesives & Sealants, Epoxy, and others.
By Technology : Reactive, Waterborne, Solvent-Borne, and others.
By End Use : Waterproofing, Insulation, Pressure Sensitive Tapes & Labels, Walls & Panels, Roof & Floors, and others.
By Regions : Americas, Europe, Asia Pacific, and Rest-of-the-World.
Construction Adhesive and Sealant Market – Regional Analysis
The Asia Pacific region dominates the global construction adhesive and sealant market. The largest market share attributes to the burgeoning construction industries in the region. The region has been attracting foreign investors due to its raw material advantage, cost-competitive logistics, and moderate regulatory framework. Besides, the rising consumption of construction adhesive and sealant materials due to the increased renovation projects in commercial and residential constructions drive the market growth.
APAC economies like India, Japan, and China account for significant shares in the regional market due to their large production & consumption capacities. Additionally, rapid industrialization and urbanization in China, India, Thailand, Indonesia, Malaysia, and South Korea, foster the regional market growth, driving the construction industry. The APAC construction adhesive and sealant market is expected to retain its leading position throughout the forecast period.
Europe stands second in the global construction adhesive and sealant market. The market is driven by increasing commercial and residential construction projects across the region. Moreover, the rapidly growing DIY tiling projects in the region substantiate the market demand. European countries such as Germany, Italy, Spain, and the UK, account for prominent consumer markets due to the increasing expenditures on innovation and growing purchasing power. The European construction adhesive and sealant market is projected to grow at a significant CAGR during the assessment period.
The construction adhesive and sealant market in North America is growing steadily. Factors such as augmented absorption of adhesive & sealant materials in the building & construction sectors drive the regional market growth. Moreover, rising investments and the implementation of new rules & regulations proposed by the government push the regional market growth. The North American construction adhesive and sealant market is expected to progress significantly during the review period.
Global Construction Adhesive and Sealant Market – Competitive Analysis
Highly competitive, the construction adhesive and sealant market appears fragmented due to the presence of several well-established players. Industry players initiate strategies such as mergers & acquisitions, collaboration, and innovations to gain a larger competitive share. Similarly, they strive to deliver high quality and reliable products developed with innovative technologies and best industry practices. They primarily invest in new product development and business expansion.
Players leading the global construction adhesive and sealant market include Wacker Chemie AG (Germany), Arkema SA (France), Royal Adhesives & Sealants (US), MAPEI SpA (Italy), PPG Industries, Inc. (the US), Huntsman International LLC (US), H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), Solvay (Belgium), BASF SE (Germany), Berry Global Inc. (US), Avery Dennison Corporation (US), DAP Products Inc. (US), and Ashland (US), among others.
Industry/ Innovation /Related News:
January 03, 2020 —- DAP Products Inc. (the US), a leading construction materials manufacturer and supplier, launched its new heavy-duty construction adhesive Dynagrip. The new formulation offers 50% more instant grab than previous products, allowing vertical projects to hold in place without braces or clamps.
Formulated with the latest high-performance latex technology, DynaGrip Heavy Duty provides a strong permanent bond to a wide range of building materials making it perfect for more demanding construction jobs. The new DynaGrip Heavy Duty formula is low-odor, VOC-regulation compliant, and excellent adhesion on common building materials. DAP Products Inc. manufacturers and supply leading adhesives, sealants, caulks, foam, and repair products. Its products are trusted across the Americas and Europe for quality, reliability, and long-lastingness.
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