Analysis of the North American and European Construction Adhesives and Sealants Market
This study analyses the European and North American construction adhesives and sealants market. The products covered are construction adhesive materials (epoxy, acrylate, Polyurethane (PU), synthetic rubber based, Polyvinyl Acetate (PVA), and others) and sealant materials (silicone, PU, polysulphide, butyl, and acrylic). Major industry drivers, restraints, regulatory trends, and end-industry trends affecting the market for adhesives and sealants in the construction industry are also discussed. Unit shipment and revenue forecasts have been provided by chemistry and application for each segment. At the segment level, the analysis focuses on the dynamics in North America and Europe. The base year is 2015 and the forecast period ends in 2022.
Superior Adhesives and Sealants for Booming Construction Sector in Europe and North America
The increasing number of infrastructure and commercial projects in Europe and North America is driving the demand for adhesives and sealants. The plethora of opportunities has prompted sealant manufacturers to resolve issues relating to their products’ mechanical strength, chemical resistance and weather ability, while adhesive manufacturers have focused on improving the initial green strength of water-based systems. With these product improvements, hybrid products, which are water based and easy to apply, are expected to gain prominence, whereas the growth of the more widely used sealant materials such as silicone and polysulphide is expected to slow down due to market saturation.
Acrylics have emerged as the most widely adopted chemistry in both structural and non-structural applications owing to its better value than competing chemistries’. Already, contractors have started adopting cyanoacrylate and methyl methacrylate (MMA) for construction application in place of epoxy owing to its property superiority.
Adhesive and sealant manufacturers realize that product differentiation in terms of cost effectiveness and curing time is vital to stand out in the market. Customer service in the form of technical support, extended-warranty programs and product workshops will also be key purchase influencers. Responsive after-sales service and technical support on and off-site will further strengthen the brand value of the manufacturers among contractors and architects.
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