-- Global Construction Adhesive & Sealant Market is expected to cross USD 12 Billion at the end of the forecasted period and is expected to be growing at CAGR of approximately 6% by 2022
The global construction adhesive and sealant market is estimated to show a moderate growth in the forecasted period. An increase in the demand in ceramic tile, flooring underlayment, concrete, countertop lamination, pipe cements, drywall lamination, HVAC, roofing, wall covering, pre-finished panels and other applications will be the key influencing factors for this market. The demand from infrastructure development, refurbishment and maintenance in the world is increasing usage of adhesives. Demand will be positively influenced by focus on vehicle weight reduction for better fuel performance and strong infrastructure development indicators. Industry growth will be challenged by stringent norms by the EPA and REACH to address environment concerns. Strong focus on developing renewable materials as substitute to fossil fuel products is expected to support growth in the future.
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Scope of the report
This study provides an overview of the global construction adhesive and sealant industry, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global construction equipment market as type, technology and end-use. On the basis of type it is segmented as Polyvinyl Acetate, Acrylic, Epoxy, Polyurethane and others. On the basis of technology it is segmented as Reactive, Waterborne, Solvent Borne, and others. On the basis of end-use it is segmented as waterproofing, insulation, walls & panels, roof & floors, and others.
Key Players
The key players of global construction adhesive and sealant market report include- 3M Company, Henkel A&G, Bostik SA, Sika AG, H.B. Fuller, Franklin International, ITW Polymers Sealants North America, DAP Products Inc., Avery Dennision Corporation, and The Dow Chemical Company.
Market Research Analysis:
Construction adhesive and sealant market is estimated to show a growing trend in the forecasted period. Waterborne adhesives market size is being dominated the technology landscape. This technology is preferred over other technology owing to low VoC emissions to control environmental toxicity. On product type basis, acrylic products witnessed most usage followed by silicone sealants consumption. Focus on vehicle weight reduction for better fuel performance and strong infrastructure development indicators will play a key role in demand development. The high demand for the adhesive and sealant across the infrastructure industry and the housing industry will increase the overall construction adhesive consumption.
Regional Analysis of Construction Equipment Market
The regional analysis of Construction Equipment market is being studied for areas such as Asia pacific, North America, Europe and rest of the world. APAC would be the largest growing market in terms of revenue generation because of increased investment in construction and infrastructure to support the economic development and rapid population growth.
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