Construction Adhesive and Sealant Market Size To Expand at a Notable CAGR Of 6% During 2022 to 2030

Pune, India, January 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Construction Adhesive and Sealant Market

Overview:

The construction adhesive and sealant market is increasing rapidly, significantly penetrating in the commercial, housing, and infrastructure applications. The characteristics of these products are different depending upon the requirement of end-user industries. The construction sector is burgeoning over the last decade, registering high growth rate, worldwide.

Along with there has been a significant increase in the demand in ceramic tile, roofing, pre-finished panels, wall covering, cement pipes, concrete, flooring underlayment, drywall lamination, countertop lamination, and HVAC among other applications, increasing the demand for construction adhesive and sealant. As a result, the market is growing leaps and bounds on the global platform.

Acknowledging the colossal traction, the market is witnessing currently, Market Research Future (MRFR) in its study report asserts that the global construction adhesive and sealant market is expected to reach the valuation over USD 14.5 BN by 2030, registering 7.50% CAGR throughout the forecast period (2022 to 2030).

Moreover, the increasing emphasis on product innovation has led to the development of high-performance adhesives and sealants which is fostering the growth of the market. Also, the introduction of reactive technology-based adhesive and sealant products is impacting the market growth positively. 

On the other hand, factors like the stringent environmental regulations regarding VOC emissions are expected to obstruct the growth of the market during the forecasting period. Simultaneously, the fluctuating prices of raw materials used in the production of these adhesives and sealant are posing challenges to the market growth. Nevertheless, strong technological innovations and new product development initiations, undertaken by industry players are expected to support the market growth over the anticipated period.

Construction Adhesive and Sealant Global Market – Segments

MRFR has segmented the report into four key dynamics;

By Type: Polyvinyl Acetate, Acrylic, Epoxy, and Polyurethane among others.

By Technology: Reactive, Waterborne, and Solvent Borne, among others.

By End-use: Waterproofing, Insulation, Walls & panels, and Roof & Floors among others.

By Regions: Asia Pacific, North America, Europe, and Rest-of-the-World.

Construction Adhesive and Sealant Market -

Regional Analysis

The Asia Pacific region is forecasted to retain its dominance over global construction adhesive and sealant market throughout the forecast period. Factors such as the increased investment in construction and infrastructure development to support the economic development and rapid population growth substantiate the market growth in the region.

 Additional factors boosting the growth of the regional market include the high demand for these adhesive and sealant from the growing construction industry in many developing countries. Furthermore, the increased production from new players that are investing in developing new products and application areas for adhesives and sealants are expected to support the market in the region allowing it to witness huge gains throughout the review period.

The North American region accounts for the second-largest market for the construction adhesive & sealant. The region is estimated to experience a massive demand for the product throughout the assessment period. Owing to the robust industrialization and increased government investments to develop public infrastructure the region is estimated to create a substantial revenue pocket during the anticipated period.

The European region is rapidly becoming a promising market for the construction adhesive & sealant which is estimated to register a significant CAGR over the next couple of years. The growing construction sector in this region is expected to create various growth opportunities for the growth of the market, witnessing colossal rebuilding activities. 

Global Construction Adhesive and Sealant Market – Competitive Analysis

The highly competitive, construction adhesive and sealant market appears to be fragmented owing to the presence of numerous large and small-scale players in the market. Companies are investing in innovation/R&D and brand building, fostering strong relationships with customers to support their competitive position.

Product launch, agreement & partnership, acquisition, and expansion are the key strategies traced from the analysis of recent developments of the key players. Always looking for a competitive edge, manufacturers apply the science of adhesion and technologies to help customers deliver competitive products faster and more efficiently.  Manufacturers operating in the market strive to deliver innovative solutions that improve the design and building processes around the world.

Key Players:

Key players leading the market include Henkel A&G, 3M Company, Bostik SA, H.B. Fuller, Sika AG, Franklin International, DAP Products Inc., ITW Polymers Sealants North America, The Dow Chemical Company, and Avery Dennision Corporation among others.

Industry/ Innovation/ Related News

January 08, 2019 –-- Chemique Adhesives (Georgia), a global leader in the manufacture and supply of high-performance adhesives and premium bonding solutions for industries including construction and others introduced a new single-component, fast curing polyurethane sealing and bonding compound - Bondseal 1128 which is ideal for construction, modular construction, and a variety of industries where movement and vibration are of major concerns.

Browse Complete Report @ construction adhesive and sealant market