Global Construction Adhesive Market to Reach USD 13.0 Billion by 2020: M&M
The report “Construction Adhesive Market by Type (Silicone, Epoxy, Polyurethane) by Technology (Waterborne, Solvent borne, Thermoset Resin) and by Application (On site, Offsite, Civil) - Global Forecasts to 2019”, report analyzes the global construction adhesive market with respect to market drivers, restrains, opportunities, and challenges, in different regions.The global construction adhesive market is significantly penetrating in the housing, commercial and infrastructure applications. The characteristics of the end products differ as per the requirement of end-user industries and for different applications. The Asia-Pacific region is the fastest growing segment of the global construction adhesive market and is mainly attributed to high economic growth rate followed by growing demand for biobased adhesives, rising demand from infrastructure development, maintainance and renovation which is eventually driving the construction adhesive industry. The Asia-Pacific and RoW markets are estimated to show a excellent growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.R&D is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of construction adhesive and match the consumer demands coming from various types of applications. Global companies are continuously investing in R&D to multipurpose and bio-based, durable and quick setting adhesvies that can be used in the residential sector.Asia-Pacific is the largest market, both in terms of volume and value, followed by RoW. China, Brazil, Thailand, India, and Argentina are expected to persist as successful construction adhesive markets. The key players in the construction adhesive market 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 Dennision Corporation (U.S.) and The Dow Chemical Company (U.S.) and others.
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