Industria
Construction Adhesives Market Size to Reach USD 17.3 billion, With a CAGR of 5.2 % by 2031 - Report by Transparency Market Research Inc.
Government investments in infrastructure can significantly fuel construction adhesive demand. Various bonding solutions are used in large infrastructure projects. Factors such as housing demand, mortgage rates, and economic conditions will likely impact the market for construction adhesives within the residential construction sector. The demand for adhesives is also influenced by renovation and remodeling activities.
Several global and regional manufacturers compete in the global construction adhesives market. In addition to technological innovation, expanding distribution networks, and establishing a strong brand, prominent players employ several key strategies.
Construction adhesives market leaders are focusing on technology innovation, partnerships, collaborations, and mergers and acquisitions to expand their global presence.
A new generation of technology (Industry 4.0) may significantly impact construction processes and materials due to the integration of digital technologies. Construction technologies with smart functions, like sensors and self-healing properties, may lead to adhesives with additional functionalities.
The global industry was valued at
US$ 3.3 Bn in 2021
It is estimated to advance at a CAGR of 19.6% from 2022 to 2031 and reach
US$ 21.8 Bn by the end of 2031
The global market for boron carbide was valued at US$ 270.7 Mn in 2021 and it is estimated to grow at a CAGR of 4.9% from 2022 to 2031 and reach US$ 431.4 Mn by the end of 2031
The global market for polyisobutylene was valued at
US$ 5.2 Bn in 2021
It is estimated to grow at a CAGR of 5.6% from 2022 to 2031 and reach
US$ 8.9 Bn by the end of 2031
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