Global Concrete Adhesives Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Concrete Adhesives Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global concrete adhesives market report has been segmented on the basis of type, application, and region
Global Concrete Adhesives Market: Overview
Adhesive is a substance that is capable of holding materials together in a functional manner by surface attachment that resists separation. Adhesive includes cement, mucilage, glue, and paste. Inorganic substances such as portland cement can also be considered as adhesives, as it holds objects such as bricks and beams together through surface attachment.
In the performance of adhesive joints, the physical and chemical properties of the adhesive are the most important factors. Three mail factors such as adhesive, adhered, and surface have an impact on service life of bonded structure. The mechanical behavior of bonded structure in turn is influenced by details of joint design and by way in which the applied loads are transferred from one adhered to the other.
Global Concrete Adhesives Market: Dynamics
Increasing construction and reconstruction activities across the globe is a key factor expected to drive growth of the global market. According to Construction Perspectives Limited, cumulative volume of construction is expected to be US$ 212 Tr by 2030, with US$ 77.8 Tr in Asia Pacific region.
In addition, increasing government expenditure on upgradation of present infrastructure in order to facilitate advanced facilities is resulting in increasing construction activities which in turn is expected to further drive growth of the concrete adhesives market to certain extent.
Moreover, increasing demand from construction sector for advanced substance that is capable of holding materials together for various applications such as roofing and subfloor is another factor expected to further support growth of the global market.
However, fluctuating raw material prices is a major factor restraining growth of the global market. In addition, easy availability of alternative materials is another factor expected to hamper growth of the global market.
Increasing investment by major players for R&D activities and increasing residential and commercial construction activities in developing countries are factors expected to further create new opportunities in terms of revenue for players over the forecast period. In addition, increasing strategic expansion activities by major players in order to increase customer base is another factor expected to support growth of the market to certain extent.
Global Concrete Adhesives Market: Segment
Among the type segments, the acrylic segment is expected to dominate in the target market over the forecast period.
Among the application segments, the roofing segment is expected to contribute significant revenue shares in the target market over the forecast period.
Global Concrete Adhesives Market: Region
The market in North America is expected to dominate in the global market and is expected to continue its dominance over the forecast period. This can be attributed increasing reconstruction activities and presence of major players operating in the countries in this region. In addition, increasing merger and acquisition activities between regional and international players is expected to further support growth of the market in this region.
The market in Asia Pacific is expected to witness faster growth, owing to increasing construction activities in countries such as India and China and presence of prominent players operating in emerging economies in this region. In 2017, According to India Brand Equity Foundation, Indian infrastructure sector witnessed 91 M&A deals worth US$ 5.4 Bn.
Global Concrete Adhesives Market Segmentation
Segmentation by type
- Polyvinyl Acetate
Segmentation by application
- Resilient flooring
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Sika AG
- Chembond Chemicals Limited
- RPM International Inc.
- BASF SE
- B. Fuller Company
- Henkel Corporation
- The Dow Chemical Company
- Fosroc International Limited
- KPM Industries Ltd.
- Polyguard Products, Inc.
- Bostik SA
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