3M Company, Henkel A&G, Bostik SA, Sika AG, H.B. Fuller, Franklin International, ITW Polymers Sealants North America, DAP Products Inc., Avery Dennision Corporation, and The Dow Chemical Company are some of the prominent players at the forefront of competition in the global construction adhesive sealant market and are profiled in MRFR Analysis.
Global Construction Adhesive Sealant Market – Overview
The global construction adhesive sealant market is growing with the moderate pace; mainly due to the increase in the global foreign direct investment (FDI) inflows. According to a recent study report published by the Market Research Future, The global construction adhesive sealant market is booming and expected to gain prominence over the forecast period growing rapidly .The market is forecasted to demonstrate a decent growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017 – 2023).
The Market is going to continue with the same trends of growth during the forecast period. The major drivers will be increasing FDI in construction in Asia-Pacific region, and supportive government regulations and policies that push the expansion infrastructure growth and construction industry. There is seen an increase in the global foreign direct investment (FDI) inflows. The FDI inflows in construction in Asia-pacific region has led to increased construction projects and real-estate development. This along with FDI in retail has pushed the number of retail outlets in the region. This induces the demand for construction adhesive sealant in the region.
The market is driven by its features such as high performance bonding at low add-on levels, enhanced security with olefin based nonwoven hygiene construction adhesive product lines, works under elevated ambient temperatures, and has thermal stability among others. This
The governments across all regions are seen promoting and developing their construction sector. The emerging nations are the ones which are particularly bringing various reform and regulations to boost their infrastructure growth and real-estate market. Such growth is expected to augment the market growth of Construction Adhesive Sealant. For instance, the government of India announced several major policy initiatives such as the passage of the Real Estate (Regulation and Development) Act 2016, the amendment to the Benami Transactions Act, 100% deduction in profits for affordable housing construction, change in arbitration norms for construction companies, and many others to boost the construction industry in the country. Such reform in turn demands such construction adhesives used extensively in the building and construction market.
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Global Construction Adhesive Sealant Market – Competitive Analysis
Characterized by the presence of several well-established along with medium and small players, the global market of construction adhesive sealant appears to be highly competitive and fragmented. International players who are increasingly expanding their footprint in the developing economy, making it difficult for regional vendors to compete with them, especially in terms of features such as product differentiation, product portfolios, quality, and pricing. The market is witnessing intensified competition which is expected to get more intensified further during the forecast period. In order to maintain the position and share in the market, major players have adopted certain strategies.
Bostik SA (France) continues to expand its manufacturing capacities with the opening of a new facility in Gujarat (India). The new facility will produce advanced hot melt pressure sensitive adhesives (HMPSA). It will support the strong growing demand for its products in both India and export markets.
In 2016, Henkel Corporation (U.S.) launched waterproof construction adhesive. The adhesive has an instant grab that holds in couple of seconds, and thus reduces the need for nails and screws. It is specially formulated to work on wet surfaces.
Global Construction Adhesive Sealant Market – Segments
Global Construction Adhesive Sealant Market is segmented in to 4 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Type : Comprises – Polyvinyl Acetate, Acrylic, Epoxy, Polyurethane and others.
Segmentation By Technology : Comprises – Reactive, Waterborne, Solvent Borne, and others
Segmentation By End-use : Comprises – Waterproofing, Insulation, Walls & panels, Roof & Floors, and others
Segmentation By Regions : Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Global Construction Adhesive Sealant Market – Regional Analysis
The Asia-Pacific region dominated the global construction adhesive sealant market in 2016. It is also expected to be the fastest growing region for the construction adhesive sealant. Increase in industrialization, rising urbanized population, and growth in spending capacity are the factors driving the growth of the market in Asia-Pacific region.
China is one of the leading markets in the Asia-Pacific region. Growing industrialization and increased population, fuel the demand of residential houses. Moreover, the Chinese government issued several favourable policies for lowering the proportion of down payment for second house loans and exempting of sales tax for ordinary housing, which helped the recovery of commercial housing market. Additionally, the rising demand for eco-friendly & sustainable construction and government support, fuel the demand of construction adhesive sealant market in the region.
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