TAGS: Sustainability / Natural Adhesives Hot-melt Adhesives Waterborne Adhesives
Research and Markets (RM) anticipates that the global construction adhesive market is expected to grow at a CAGR of 5.54% during the 2022-2027 forecast period.
The growth of the construction adhesives market can be amplified by the increasing adoption of construction adhesives in multiple applications such as flooring, housing, countertop, drywall lamination, and manufactured housing in geographies such as APAC, North America, and Europe.
Market Opportunities & Trends
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Growing investments in infrastructure development
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Increasing modular construction
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Increasing demand from residential sector
Hot-melt adhesives and water-based construction adhesives are witnessing high growth owing to their increasing demand and application in roofing and lamination in buildings. Water-based construction adhesives are the largest sub-segment by technology and is expected to register a CAGR of 5.74% during the forecast period.
Highest Growth in APAC Region
APAC has emerged as the leading consumer of adhesives owing to the rising population, developing economies, and increasing pace of urbanization. Countries such as China and India are prominent markets in this region.
Companies are now concentrating on delivering an environment-friendly product with low or no VOC content. Manufacturers must invest in R&D initiatives to develop water-based construction adhesives from natural polymers and focus on minimizing the extraction cost of natural polymers or developing synthetic polymers from bio-based chemicals.
Source: Research and Markets