Construction Adhesive Market Trends And Prospects By 2024

Construction adhesives have helped to supplant traditional adhesives that include contact cements, wood glues, and traditional physical fixings, namely screws and nails. Construction adhesives find application in construction, renovation, and in adding finishing touches to homes. They steal a march over traditional adhesives with their ability to dry up within 24 hours, waterproof nature, and flexibility even after drying. On account of their unique perceived benefits, they witness a wide use in the construction industry.

Based on product, construction adhesives can be divided into solvent borne, water borne, reactive, and others. They are usually available in squeeze tubes, cans, and caulking tubes. There are two ways in which construction adhesives are applied – in beads or in full coverage. In beads, for example, lines of adhesive are put on the surface with a caulking gun. This is a very cost-effective method and is typically employed in attaching large, flat materials to large, flat surfaces such as attaching drywall to studs, wood paneling to any smooth wall, etc.

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Global Construction Adhesive Market: Drivers and Trends

Supercharged growth in construction activities and infrastructure building on account of the rapid pace of urbanization worldwide has majorly contributed to the global market for construction adhesive. The growing adoption of construction adhesives for commercial as well as housing applications is likely to boost their uptake in the forecast period between 2016 and 2024. This, coupled with their affordable prices and ease of use, will augment the demand even more. In the years to come, with superior production techniques due to technological progress, the market would continue to tread on a steady growth path.

A major factor acting as a roadblock to the growth in the global market for construction adhesive is the unstable prices of raw materials. A recent noticeable trend in the market is the rising use of bio-based, eco-friendly construction adhesives on account of the increasing concerns about the environment among discerning consumers and strict policies framed by agencies such as the European Union and United States Environmental Protection Agency.

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Key Players Mentioned in the Report

To present a thorough assessment of the competition prevailing in the global market for construction adhesive, the TMR report profiles companies such as Henkel AG & Co., Sika AG, 3M Company, the Dow Chemical Company, and H.B. Fuller among others.

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