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Global Market Value of the Construction Adhesives to Grow at a CAGR of 5.13% Between 2015-20: M&M

Published on 2015-05-01. Author : SpecialChem

The report “Construction Adhesive Market by Type (Acrylic, Polyurethane, Polyvinyl Acetate, Epoxy, & Others), by Technology (Waterborne, Solvent Borne, Reactive, & Others), by Application (Onsite, Offsite, Civil) - Global Forecast to 2020” 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, maintenance 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.

The Eastern and Central European nations, emerging South-East Asian, and Latin American nations that will host the future global events would supplement the growth of infrastructure development, followed by rising demand from onsite applications which will directly boost the demand for the construction adhesive.

The construction adhesive demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, investments & expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.

The global market value of the construction adhesive market was estimated to be around $10.56 Billion in 2020 and is projected to grow at a CAGR of around 5.13% between 2015 and 2020. The high demand for the adhesive and sealant across the housing and infrastructure industry will increase the overall construction adhesive consumption.

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Source: MarketsandMarkets

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