(MENAFNEditorial) iCrowdNewswire - Feb 20, 2018
Construction AdhesivesMarket Synopsis
An adhesive is chemical compound which binds and holds multiple surfaces to form single unit. Adhesives have high tensile and shear strength which binds multiple surfaces and resist their separation. Construction adhesives are used in several building application such as roofing, wall covering, flooring underlayment, concrete, waterproofing, coatings and others. Common construction adhesives are clay, cement, acrylic resin, polyurethane monomers, styrene-butadiene rubber, hexane and other functional adhesives. Market is witnessing the growth of technically advanced adhesives with waterproof nature, flexibility even after drying and having ability to dry up early than traditional adhesives.
Market Growth Factors
Growth of construction & development industry across globe and rapid pace of urbanization in Asia-Pacific region are the major drivers for growth of construction adhesives market. Growing adoption of construction adhesives worldwide is fuelling the growth for this market. Ease of use & affordable prices of construction adhesives will boost up the demand in residential applications. . Additionally, increasing disposable income of individuals has influenced them to invest more in residential projects. Unique architectural designs, growing investments in infrastructure sector, ease of application, need of safety and rising awareness about green building, are some of the other drivers for growth of this market.
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Market Segmentation
is segmented on the basis of Resin type, Technology and Applications. On the basis of resin type market is classified as Acrylic Adhesive, Polyurethane, Polyvinyl Acetate (PVA), Epoxy and others. Acrylic adhesive is made from the methyl acrylic polymers and is one of the largest segments in this market. Polyvinyl Acetate is used for the sealing, bonding, and dust proofing applications. Epoxy adhesives are generally used for UV light curing & dual UV/heat curing systems. On the basis of technology used, market is categorized as Water based Adhesives, Solvent Based Adhesives & Reactive. On the basis of application market is divided as Residential, Commercial and Industrial. Residential segment is expected to dominate the market due to increased adoption of construction adhesives in residential applications such as roofing, waterproofing, flooring & insulation, cladding, and reinforcement among others.
Regional Analysis
In terms of geography market is bifurcated into
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- UAE
- South Africa
- Rest of the LAMEA
Asia Pacific is expected to be the largest market for construction adhesives. India and China dominating this reason because huge investments by their governments infrastructure building and additionally increasing disposable income of individuals from these countries has influenced them to invest more in residential projects.
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Competitive Analysis
- Mapei SpA
- The Dow Chemical Company
- Bostik SA (An Arkema Company)
- Ardex GmbH Franklin International
- Saint-Gobain Weber
- Norcros Adhesives
- Dural Industries
are some of the key players in Global Construction Adhesives Market . New Product Development and Acquisitions are the key strategies adopted by the major players to strengthen the market position.
Latest News
- On 28 November 2017, H.B. Fuller announced that it has opened its new site in Mannheim, Germany. It expands H.B. Fuller's capability to develop and manufacture water based, solvent based, & reactive adhesive technologies.
- Bostik Opened New Adhesives Production Plant in Gujrat, India. This investment will enable Bostik to continue providing high levels of services to its growing customer base in the region.
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