Moisture Curing Adhesives Sales to Nearly Double; Construction Industry to Account for 1/4th of Overall Sales

NEW YORK, Oct. 25, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: As per a latest Fact.MR analysis, the moisture curing adhesives market is expected to reach US$ 6 Bn in 2021. With increasing demand for moisture curing adhesives, the overall market is projected to expand at 6% CAGR between 2021 and 2031, surpassing a valuation of US$ 10.74 Bn by the end of 2031. NEW YORK,Oct. 25, 2021/PRNewswire/ --Fact.MR – A Market Research and Competitive...

NEW YORK, Oct. 25, 2021 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: As per a latest Fact.MR analysis, the moisture curing adhesives market is expected to reach US$ 6 Bn in 2021. With increasing demand for moisture curing adhesives, the overall market is projected to expand at 6% CAGR between 2021 and 2031, surpassing a valuation of US$ 10.74 Bn by the end of 2031.

The swift growth of moisture curing adhesives market is attributed to the rising demand from industries such as automotive and construction. Moisture curing adhesives have the ability to absorb the atmospheric moisture so that the materials they are applied on are not damaged or corroded.

These adhesives are increasingly utilized for various applications because they offer permanent elasticity, instant seal, flame retardant, and low to high viscosity for optimal applications. Moisture curing adhesives also work well with surfaces that are difficult to bond, such as wood-plastic materials and untreated metal or plastics that do not contain polyethylene or polyethylene.

Increasing use of moisture curing adhesives in automobiles, textiles, footwear and other industries is expected to create lucrative growth opportunities for the manufactures during the forecast period.

As per Fact.MR, sales of cyanoacrylates are projected to remain highest during the forecast period. Demand for cyanoacrylates is expected to surge owing to the increasing application within construction industry for household applications.

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Consequently, the construction segment has been forecast to remain the largest area of application for moisture curing adhesives. These adhesives are increasingly used for wide range of purposes such as flooring, tiling, insulation roofing and wall covering.

With around 25% share in total revenue, North America market is projected to remain the most lucrative market for moisture curing adhesives during the forecast period. Growth in the region is attributed to the strong presence of leading players and growing demand from construction, automotive and wood working industries.

"With implementation of stringent governmental regulations, manufacturers are shifting their focus towards incorporating ecofriendly raw materials. This will create lucrative growth opportunity for moisture curing adhesives market during the forecast period," says the Fact.MR analyst.

Key Takeaways from Moisture Curing Adhesives Market Survey

Key Drivers

Key Restraints

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Competitive Landscape

Key companies operating in the moisture curing adhesives market are rigorously investing in research and development to expand their product portfolio. New product launches, mergers, partnerships and expansion of production plants are some of the strategies adopted by moisture curing adhesives manufacturers.

Some of the prominent players operating in the moisture curing adhesives market profiled by Fact.MR are:

More Insights on the Global Moisture Curing Adhesives Sales Outlook

Fact.MR provides an unbiased analysis of moisture curing adhesives market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global demand for moisture curing adhesives with a detailed segmentation on the basis of:

Composition

End Use Industry

Region

Key Questions Covered in the Moisture Curing Adhesives Market Outlook Report

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Construction Adhesive Market- End-user need for heat- and moisture-resistant adhesives, as well as quick-fixing adhesives, continues to fuel construction adhesive demand. The building business has expanded dramatically during the last few decades. Construction adhesive is used by construction businesses for water proofing, repairing leaky roofs, and other uses. Construction adhesive is being used to replace traditional methods of material attaching such as nuts and bolts, wood glue, and contact cement. In addition, rising investment in commercial developments in developing countries has boosted construction adhesive demand.

Adhesives Market- The usage of high-performance adhesives in interior and exterior automotive applications has fueled the expansion of the adhesives market. Adhesives are finding more and more uses in the construction industry, which has aided market growth. The packaging industry's demand has been steadily expanding. Adhesives will be used more in the sector as consumers' preferences for low-cost and flexible packaging solutions shift. The market has seen a significant increase in research and development spending.

Textile Adhesives Market- In developed countries such as the United States, the European Union, and Japan, the textile adhesives industry is projected to alter as demand shifts toward technical fabrics. Due to the availability of low-cost labor and abundant raw materials in Asian countries, a considerable portion of the textile industry is centered in China, South Asia, and South-East Asia. As a result, Asia Pacific accounts for the majority of the demand for textile adhesives. Textile adhesive producers are collaborating with textile product end-users such as automobile and sports product manufacturers to create innovative technologies.

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