Industry News

Global Construction Adhesive Market to Reach USD 14.04 Bn by 2025

Published on 2017-09-27. Author : SpecialChem

The global construction adhesive market is expected to reach USD 14.04 billion by 2025, according to a new report by Grand View Research, Inc. Increasing utilization of these products in commercial and residential buildings has been a major driving factor for the market growth.

Global Construction Adhesive Market to Reach USD 14.04 Bn by 2025

Factors to Surge the Growth

  • A broad range of diverse products and rising infrastructural and building activities in various regions are expected to surge the demand for adhesive products.
  • Increasing developments by companies in order to reduce the cost involved in manufacturing the products are projected to spur market growth.

Applications of Construction Adhesives

  • Construction adhesives are used in numerous green building applications such as roofing, siding, fencing, walls, pipe & fittings, doors, flooring, windows/frames, and house wrap/vapor barriers.
  • High durability and low cost of these adhesives make them an ideal material of choice for contractors and consumers.
  • Increasing applications in architectural design and renovation of old buildings are other factors driving their growth globally.

The global demand for acrylic adhesive in resin type segment from construction industry is growing rapidly owing to its advantages. Rapid urbanization, changing lifestyles, rising safety concerns, and healthy living environment backed by increasing disposable income in Asian countries have influenced the consumption trends of construction materials. These factors are expected to aid the growth of the market over the forecast period.

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Source: Grand View Research
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