Research and Markets has announced the addition of the “Construction Adhesive Market by Type, by Technology, and by Application – Global Forecasts to 2019” report to their offering.
The global construction adhesive market was estimated to be around $10.9 Billion in 2014 and to reach around $13.0 Billion by 2020 at a CAGR of about 3.7% between 2014 and 2019.
The global construction adhesives and sealants market, along with its applications, showed a moderate growth in the past few years and is estimated to continue in the coming years. An increase in the demand in ceramic tile, concrete, pipe cements, countertop lamination, flooring underlayment, drywall lamination, HVAC, pre-finished panels, roofing, wall covering, and other applications will be the key influencing factors for the global construction adhesive and sealant market. The demand from infrastructure development, maintenance, and refurbishment in the developed and developing countries is increasing usage of adhesives and sealants.
Currently, the Asia-Pacific region is the largest consumer of construction adhesives and sealants is estimated to grow at the highest CAGR. The countries such as China, Japan, and India is expected to lead the Asia-Pacific construction adhesive and sealant market, with China having the largest share in the regional volumetric consumption of construction adhesive. The market volume of construction adhesive and sealant is comparatively low in the RoW region, but the estimated growth for the region is second highest after Asia-Pacific.
The North America and the Europe regions are the most active markets in terms of strategic initiatives, owing to their market demands. The housing maintenance and renovation in these markets has led the rapid growth in the construction adhesive and sealant market.
The significant construction adhesives and sealants manufacturers are 3M (U.S.), Henkel A&G (Germany), Sika (Switzerland), Bostik (France), H.B. Fuller (U.S.), Franklin International (U.S.), DAP Products (U.S.), ITW (U.S.), Avery Dennison Corporation (U.S.) and The Dow Chemical Company (U.S.). – Business Insider