Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Construction adhesive have seen increasing demand in the recent years. The construction adhesive are widely used for the floor tile and installation, ceramic tile installations, drywall lamination and covering installations in the different end use industries. Adhesives in construction has different properties like permanent bonds with substrate, water resistant, strength, temperature resistance, and others. The construction adhesive are expected to witness growing demand in the upcoming years due to increasing construction activities.
The factor driving the growth of construction adhesives market is infrastructural development across the globe. The increasing population and rapid development in construction and migration has led the demand for the various end use industries and consumers which is ultimately fueling the demand for construction adhesives market. Also, increasing environmental awareness among manufacturer for the development of the sustainable and biodegradable adhesives is also boosting the demand of the market. Besides shift toward green buildings to increase the water efficiency, material efficiency, Waste reduction is further propelling the market growth. Moreover, increasing product consumption in construction applications is likely to drive the growth of market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the construction adhesives market. In addition, complete analysis of changes on the construction adhesives market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID 19 had a negative impact on construction adhesives market due to pandemic, decrease in labor number, disruption in supply chain and production has affected the growth of the construction adhesives market
The construction adhesives market is bifurcated into different segment based on by resin type, technology, end user, application, and geography of various region.
The construction adhesives are available in various resin types including acrylic, epoxy, polyvinyl acetate (pva), polyurethane (pu). Acrylic segment is expected to witness significant growth in global construction adhesives market. The growth is attributed to its major use in the construction activities. The properties like bond with different materials, longer shelf life, room temperature, and major used in conjunction with liquid acrylic adhesive are mostly prefer in the global construction adhesives market. However polyurethane (pu) is anticipated to grow at the highest rate during the forecast period owing to strength properties and can be used as inelastic and permanent elastic adhesives. Also, these polyurethane (pu) are known to have strong bond properties, flexibility, high performance in harsh environmental conditions which make the polyurethane (pu) resin type highly acceptable in the global construction adhesives market.
The construction adhesives market have products made by various technology like waterborne, reactive, hot-melt, and solventborne. Waterborne technology is expected to accelerate the demand of the construction adhesives market. These are ideally known to have excellent water resistance properties, can be formulated as solution on water evaporation. In addition, waterborne construction adhesives are versatile in nature and provide advantage to fulfill the requirement of the end use industry according to new innovation and formulations. Whereas solventborne is expected to grow at significant rate during the forecast period. The solventborne are mostly available in variety of form and has the great bond strength when dried up. Also, solventborne are majorly used due to precise qualities in different area such as heat, chemicals, water resistance, therefore is expected to drive the growth of segment and boosting the growth of construction adhesives market
The construction adhesives market has major end user in residential, commercial, infrastructure. Residential end user is expected to lead in the market owing to increasing population and demand for infrastructure and residential building. Also the increasing migration of population from rural to urban is further boosting the demand for construction adhesives market. Besides the properties of construction adhesives like water resistant, high flexibility, temperature resistance and stability is further propelling the demand in the residential end use thereby fueling the growth of construction adhesives market.
The construction adhesives market finds application in flooring, roofing, manufactured housing, panels, concrete, joint cement. Flooring flowed by roofing is expected to gain major growth during forecast period in the global construction adhesives market. The demand of construction adhesives in flooring is majorly seen in different residential, hospitals and airport which is accelerating the growth of the market.
The global construction adhesives market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia Pacific is anticipated to lead in the global construction adhesives market attributing to developing regional growth and demand for the construction activities in the regions. Besides the region has increasing investment for the construction activities from the countries like China, India and Japan. Furthermore the cost effectiveness of market is further propelling the growth of the market. On the other hand North America is expected to witness the significant growth during the forecast period due to technological advancement and demand for the construction activities thereby fueling the growth of construction adhesives market. Also, Europe is projected to witness rise in demand for construction adhesives due increasing support and investment in the region.
The key players in construction adhesives market are 3M, BASF, H.B. Fuller, Sika AG, Bostik SA, The Dow Chemical Company, Henkel AG & Co.,Chemique, Franklin International, Avery Dennison Corporation, DAP Products, Illinois Tool Works., Polymeric Systems, Inc., Kenneth Crosby, Acoustical Surfaces, Inc., ITW, Green Glue Co, Dow Corning Corp., Avatack Co., Ltd., Henkel and McCoy Soudal among others.
The report analyses the global in construction adhesives market based on by resin type, technology, end user, application, and geography of various region. The construction adhesives are available in various resin types including acrylic, epoxy, polyvinyl acetate (pva), polyurethane (pu).The construction adhesives market have products made by various technology like waterborne, reactive, hot-melt, solventborne. The market has major end user in residential, commercial, infrastructure. The construction adhesives market finds application in flooring, roofing, manufactured housing, panels, concrete, joint cement. The global construction adhesives market is studied for the following region North America, Europe, Asia-Pacific and Rest of the world (RoW).
The key players in construction adhesives market are 3M, BASF, H.B. Fuller, Sika AG, Bostik SA, The Dow Chemical Company, Henkel AG & Co.,Chemique, Franklin International, Avery Dennison Corporation, DAP Products, Illinois Tool Works., Polymeric Systems, Inc., Kenneth Crosby, Acoustical Surfaces, Inc., ITW, Green Glue Co, Dow Corning Corp., Avatack Co., Ltd., Henkel and McCoy Soudal among others.
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