Construction Adhesive Market Scope
Due to robust industrialization and infrastructural development, construction activities across the globe will drive the construction adhesives market. In addition to this, increasing applications of construction adhesives residential and commercial construction activities will further fuel the business growth. Adhesive is a substance which is used to bind multiple material or surfaces ranging from basic household materials to construction materials. They can be also used in repairing processes. However, lack of thermal resistance and comparatively lower binding power might stagnate the demand for adhesives. On the other hand, rising application of adhesives such as concrete, decorative laminates, bonding plywood, particleboard, metals, and many others will generate significant demand over the forecasted period.
According to AMA, the Global Construction Adhesive market is expected to see growth rate of 5.12%The Vendors having a strong hold in the market are Henkel AG, 3M Company, Bostik, Sika, and H.B. Fuller Company. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Construction Adhesive market throughout the predicted period.
Henkel AG & Company, KGaA (Germany), 3M Company (United States), Bostik (France), Sika AG (Switzerland), H.B. Fuller Company (United States), BASF SE (Germany), Dow Chemical Company (United States), DAP Products, Inc. (United States), Franklin International (United States) and Illinois Tool Works (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Avery Dennison (United States) and SCIGRIP (United States).
Segmentation Overview
The study have segmented the market of Global Construction Adhesive market , by Application (Countertop Lamination, Resilient Flooring, Manufactured Housing, Pre-Finished Panels, Drywall Lamination, Roofing, Concrete, Joint Cement, Flooring Underlayment and Others) and Region with country level break-up.
On the basis of geography, the market of Construction Adhesive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Adoption of Green, Low-VOC, and Sustainable Adhesives and Continues Technological Advancements in Manufacturing Construction Adhesives
Market Growth Drivers:
Upsurging Demand for Construction Materials such as Adhesives in the Residential Housing Sector and Provides Safety and Comparatively More Durable Construction Solutions
Challenges:
Construction Adhesives can Damage Connected Substrates while Separating and Extremely Complex and Delicate Process of Using COnstruction Adhesives
Restraints:
Stringent Environmental Regulations with Respect to Construction Adhesives in Developed Regions such as North America and Europe and Construction Adhesives Shows Minimal Thermal Resistance
Opportunities:
Escalating Uses of Construction Materials from the Developing Economies fro APAC and the Middle East and Upsurging Disposable Incomes, as well as Improved Economic Conditions, might Fuel Construction Industry Growth
Market Leaders and their Expansionary Development Strategies
On May 16, 2019, a leading global provider of professional-grade 3D printing solutions, "EnvisionTEC" and "Henkel" have formed a strategic collaboration to drive the next level of additive manufacturing. Under which, Henkel will include EnvisonTEC’s continuous Digital Light Manufacturing (cDLM) technology platform into its broad 3D printing ecosystem and it will leverage the new solutions to its customer base across more than 800 industry segments.
On May 2, 2019, 3M has acquired a leading global medical technology company focused on advanced wound care and specialty surgical applications marketed under the KCI brand, "Acelity Inc". and its KCI subsidiaries worldwide from a consortium comprised of funds advised by Apax Partners, together with controlled affiliates of Canada Pension Plan Investment Board (CPPIB) and the Public Sector Pension Investment Board (PSP Investments) for a total enterprise value of approximately USD 6.7 billion, including assumption of debt, subject to closing and other adjustments.
Key Target Audience
Construction Adhesive Manufacturers, Construction Adhesive Distributors and Traders, Construction Adhesive Upstream and Downstream Buyers, Construction Industry Associations, Government Agencies, Research and Development Institutes and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.