North America Construction Adhesive Market Is Expected to Grow at a Highest CAGR, Size, Share, Growth Statistics, Emerging Trends and Value Forecast
North America Construction Adhesive Market - Industry Trends and Forecast to 2029
Market Analysis and Insights: North America Construction Adhesive Market
The 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 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 product in various industries globally is escalating the growth of 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 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 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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