The major factors driving the growth of this market are the rising demand of adhesives in construction, increased government expenditure on infrastructure, rising demand of glazing and panels in high rise buildings and advancements for safe and easy application. On the other hand, less scope of development in developed countries due to established infrastructure and stringent regulatory scenario may hinder the market.
Pune, India -- (SBWIRE) -- 07/12/2018 -- According to new research report of Global construction adhesive market is expected to reach USD 14,112.52 Million by 2025 from USD 9,235.00 Million in 2017, at a CAGR of 5.7% in the forecast period 2018 to 2025.
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The global construction adhesive market is highly concentrated to a few big players and rest to local players who cater to domestic markets only. HENKEL AG & CO. KGAA dominates construction adhesive market, accounting for the highest market share in 2017, followed by H.B. Fuller Company, Bostik SA, Sika Ag and DowDuPont. Other players in this market include 3M, DAP Products Inc., Franklin International, ITW Polymers Adhesives, AVERY DENNISON CORPORATION, Gludown, Inc., Resinova Chemie Ltd., MAPEI S.P.A. and among others.
HENKEL AG & CO. KGAA:
Founded in 1876 and headquartered in Düsseldorf, Germany. Henkel AG & Co. KGaA, is focused on the adhesive technology. It has three business segments: laundry and home care, beauty care, and adhesive technology businesses worldwide. The adhesive technologies segment offers industrial and specialty adhesives, sealants, and functional coatings for packaging and consumer goods, transport and metal business, general industry, and electronics, as well as consumers, craftsmen, and building operators. The products in this segment lie under the brand names Loctite, Technomelt, and Bonderite. The company has various subsidiaries such as Dial Corporation, Spotless Group, Multicore Solders, Henkel Korea, are few to be named. The company has huge geography presence such as in Europe, America, and Asia-Pacific.
Recent Developments:
1. In May, 2015, Henkel launched new web portal on adhesives for furniture & building components, It comprises of in-depth application about how to know, Henkel's technology portfolio for woodworking operations, training and technical services as well as the "Henkel House", which is an interactive feature showing typical applications and technologies in a house.
H.B. FULLER COMPANY:
Founded in 1887 and headquartered in Saint Paul, U.S. H.B. Fuller Company is focused on the engineering adhesives. The company operates through six segments: Americas Adhesives; EIMEA (Europe, India, Middle East and Africa); Asia Pacific; Construction Products; Engineering Adhesives; and Royal Adhesives. The company offers its products to manufacturers of food and beverages, hygiene products, clothing, appliances, electronics, automobiles, aerospace and defence, solar energy systems, filters, construction materials, wood flooring, furniture, cabinetry, windows, doors, tissue and towel, corrugation, tube winding, packaging, labels, and tapes. The construction adhesive lies under Construction Products segment. The company has following subsidiaries such as H.B. Fuller U.K. Ltd., H.B. Fuller Sverige AB, H.B. Fuller Canada, H.B. Fuller Espana, S.A., and H.B. Fuller Egymelt among others. The company has wide geographic presence across the globe such as Africa, U.S. , Asia, and Middle East. It has opened its research and development center in Aurora, IL.
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BOSTIK SA (SUBSIDIARY OF ARKEMA S.A):
Founded in 2004 and headquartered in Colombes, France. Arkema S.A. is focused on the production and selling of chemical products throughout the globe The Company has notable business segments, namely, high performance materials, industrial specialities, Coating segments. Its High Performance Materials segment offers adhesives and sealants for industry, hygiene, construction, and consumer products; and specialty polyamides for automotive, aerospace, aeronautics, oil and gas, electronics, and consumer goods, as well as polyvinylidene fluoride for chemical engineering, paints and anti-corrosive coatings, oil and gas extraction, photovoltaic panels, lithium-ion batteries, and water treatment membranes.; It has subsideries such as CECA, Casda Biomaterials Co., Ltd., Arkema Inc. Arkema operates through industrial facilities in Europe, North America and Asia and marketing subsidiaries in around 40 countries, Arkema has 85 production facilities worldwide, including 44 in Europe, 26 in North America, 10 in Asia, and 5 in the rest of the world, Arkema has 10 research centers worldwide: 5 in France (Lacq, Serquigny, Lyon, Carling and Verneuil), two in the United States (Cary, North Carolina and King of Prussia, Pennsylvania) and one in Japan (Kyoto).
As of February 2, 2015, Bostik SA operates as a subsidiary of Arkema S.A. Bostik is one of the largest adhesive and sealant companies. These adhesives are used in the manufacture and assembly of wide range products in various sectors, such as construction, automotive, aerospace, rail, packaging, tapes, labels, flexible lamination and footwear. The company has two segment construction adhesive and consumer adhesive.
It has wide geographic presence such as South American, Asia, Latin America, and Eastern Europe. The new production sites are in Brazil, China, Mexico, and Malaysia. It has three flagship Smart technology centers and R&D centers are in France, China and the US.
Recent Developments:
1. In January 2018, Bostik completed the acquisition of XL on 2 January. With this acquisition Arkema actively pursues the development of Bostik which should exceed one third of the Group's sales by 2023.
2. In November 2017, Bostik started new facility which will produce advanced hot melt pressure sensitive adhesives (HMPSA) for a number of industrial sectors such as flexible lamination, transportation and footwear production. It will support the strong growing demand for its products in both India and export markets.
Covered in this report
The report covers the present scenario and the growth prospects of the Global construction adhesive market for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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