The North America Construction Adhesive Market is expected to witness market growth at a rate of 5.6% in the forecast period of 2022 to 2029. Data Bridge Market Research report on the construction adhesive market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the use of products in various industries globally is escalating the growth of the construction adhesive market.
Construction adhesive refers to a chemical formulation that is utilized for holding two or more materials together. These adhesives range from construction materials to basic household materials. These are considered ideal material for blending colouring, preservatives compounds, inorganic fillers and resins.
The increase in demand for construction adhesive across the region acts as one of the major factors driving the growth of the construction adhesive market. The surge in use of the product for waterproofing, roofing, cladding, and insulation applications in construction activities, and presence of advanced adhesive technology has made it easy to build safe and sustainable houses using such materials to accelerate the market growth. The increase in need for a large number of adhesive products for floors in airports, residential buildings, and hospitals, and high demand for construction adhesives in the residential housing and infrastructure industries further influence the market. Additionally, expansion of various end use industries, increase in government funding and investment, advancement of polyurethane adhesive products, and expansion of various end use industries positively affect the construction adhesive market. Furthermore, rise in demand for low-VOC, green, and sustainable adhesives extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, environmental regulations and established infrastructure in the developed countries are expected to obstruct the market growth. Changing regulations and industry standards are projected to challenge the construction adhesive market in the forecast period of 2021-2028.
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North America Construction Adhesive Market Country Level Analysis
The construction adhesive market is segmented on the basis of resin type, technology, application and end-user.
The countries covered in the North America construction adhesive market report are U.S., Canada and Mexico in North America.
The U.S. dominates the North America construction adhesive market due to the massive investment requirement in the U.S. owing to the aging of infrastructure.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and North America Construction Adhesive Market Share Analysis
The construction adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the construction adhesive market.
Some of the major players operating in the construction adhesive market report are HENKEL AG CO. KGAA, H.B. Fuller Company, Bostik SA, Sika Ag, Dow, DuPont, 3M, DAP Products Inc., Franklin International, ITW Polymers Adhesives, AVERY DENNISON CORPORATION, Gludown, Inc., Resinova Chemie Ltd., and MAPEI S.P.A., among others.
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North America Construction Adhesive Market Scope and Market Size
The construction adhesive market is segmented on the basis of resin type, technology, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the construction adhesive market is segmented into resin type, North America construction adhesive market is segmented into acrylics, epoxy, polyurethanes, polyvinyl acetate (PVA), silicones and others.
- On the basis of technology, the construction adhesive market is segmented into water-borne, reactive, hot-melt and others.
- On the basis of application, the construction adhesive market is segmented into countertop and drywall laminating flooring, roofing, manufactured housing, panels, concrete and joint cement.
- On the basis of end-user, the construction adhesive market is segmented into residential, commercial, infrastructure and industrial.
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North America Construction Adhesive Market Report Answers the Following Questions:
- What are the key drivers of the North America Construction Adhesive Market?
- How is the North America Construction Adhesive Market segmented by product type?
- What is the current market size of the North America Construction Adhesive Market?
- What is the projected growth rate of the North America Construction Adhesive Market in the next five years?
- Who are the major players in the North America Construction Adhesive Market and what is their market share?
- What are the major distribution channels for the North America Construction Adhesive Market?
- What are the key trends in the North America Construction Adhesive Market?
- How does the North America Construction Adhesive Market differ from regional markets?
- How is the North America Construction Adhesive Market affected by government regulations and policies?
- What are the current and future opportunities in the North America Construction Adhesive Market?
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