Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global construction
adhesive market is estimated to attain a CAGR of ~5% over
the forecast period, i.e., 2022 – 2030. The
market is segmented on the basis of application into tile
installation, wallpapers, carper lying and others, out of which, the tile installation
segment is anticipated to hold the notable share over the forecast period, owing to the use of adhesives
for flooring in residential construction. In the U.S., USD 200 billion were
spent for the construction of new houses in 2020.
The global construction adhesive market is
estimated to grow on the back of various advantages of using adhesive in
construction, such as, stress division evenly across the joint, cost-effective,
and flexible bond. Increasing application of adhesive in construction
industry is estimated to boost the market growth. Mass construction of
residential buildings, by government and private builders, is also estimated to
boost the market growth in the upcoming years.
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On the basis of regional analysis, the global
construction adhesive market is segmented into five major regions including
North America, Europe, Asia Pacific, Latin America and Middle East & Africa
region. The market in the Asia Pacific region is anticipated to garner
significant market share during the forecast period, owing to the rapid
urbanization and growing population in countries, such as, India, Japan, and
China. The market in the North America region is projected to garner major
market share during the forecast period, owing to rising construction
activities in United States, and Canada.
The research was global in nature and conducted in North America (U.S.,
Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium,
Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark),
Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico,
Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South
Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of
Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain,
Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and
Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity
Analysis, market players competitive study, investment opportunities, demand
for future outlook etc. have been covered and displayed in the research report
to ensure it dives deep to achieve strategic competitive intelligence in the
segment.
Growing
Construction of Residential Buildings to boost the Market Growth
According
to the data by India Brand Equity Foundation (IBEF) the government of India
aims to construct 20 million affordable houses in urban areas by 2020, under
the Pradhan Mantri Awas Yojna (PMAY).
“The
Final Report will cover the impact analysis of COVID-19 on this industry.”
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Backed by
the rise in population across several nations worldwide, and for the rising
urbanization, there is a growing need for shelters. Government of several
nations are offering residential societies to individuals, especially to
support the needy. Moreover, increasing preference for designer homes and
modular homes, the demand for construction adhesives is expected to grow
significantly, and in turn drive the market growth.
However,
halt in construction activities caused by the COVID-19 pandemic is expected to
operate as key restraint to the growth of the global construction adhesives market over the forecast
period.
This
report also provides the existing competitive scenario of some of the key
players of the global construction
adhesives market which includes company profiling of BASF SE, Sika AG, 3M,
Illinois Tool Works Inc, Henkel Adhesives Technologies India Private Limited, H.B. Fuller Company, Arkema Group, The
Dow Chemical Company, DAP Products Inc., Avery Dennison Corporation and
others. The profiling enfolds key information of the companies which
encompasses business overview, products and services, key financials and recent
news and developments. On the whole, the report depicts detailed overview of
the global construction adhesives
market that will help industry consultants, equipment manufacturers, existing
players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
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