Global Construction Adhesive Market Value is Projected to Be about $10.56 Billion in 2020

The global market value of construction adhesive was estimated to be about $10.56 billion in 2020 and is projected to grow at a CAGR 5.13% between 2015 and 2020. The data mentioned in the report are based on the global demand for construction adhesive.

The construction adhesive market has been analyzed based on the Porter’s five forces model. This gives an idea about the current proceedings in the industry at commercial level. The study provides the value chain analysis with respect to the technology providers, construction adhesive producers, construction chemical manufacturers, and end-user industries. The value chain describes the key contributors to the construction adhesive market at different stages from product development to end use. It represents the top players which are contributing to the global construction adhesive industry.

The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as government regulatory support, public awareness, application growth for construction adhesive in Asia-Pacific especially in China and India where there is robust growth in the housing and commercial followed by infrastrucutre industry. The economic slowdown in Europe and U.S. also affected the economy of other developed countries and the price volatility of the adhesive in the past made the market more strained for the construction applications.

The key companies in this market are are 3M (U.S.), Henkel A&G (Germany), Sika (Switzerland), Bostik (France), H.B. Fuller (U.S.), Franklin International (U.S.), DAP Products (U.S.), ITW (U.S.), Avery Dennision Corporation (U.S.) and The Dow Chemical Company (U.S.) and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. New product development and acquisitions were the most preferred strategies by the top players in 2013 that were driving the demand of construction adhesive. Their strategy to capture the untapped market in developing economies includes expansion, partnership and investments.

The Asia-Pacific region emerged to be the driving factor for this market, contributing for about 48.89% of the global demand in terms of market share in 2015. China is the leading country in the consumption of construction adhesive, due to the increased demand of the infrastructure development, maintainance and renovation. The important emerging economies such as Brazil, Qatar, India, Argentina, and others are further lined up for a brighter future in this market.