LONDON--(BUSINESS WIRE)--The global ceramic adhesives market is expected to post a CAGR of almost 8% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
With the ongoing increase in infrastructure development projects such as high-speed rail tracks, roads, airports, and nuclear plants, there is a high demand for ceramic adhesives. Also, the increase in the number of residential housing, theme parks, hotels, and other commercial centers in emerging economies such as India, China, Indonesia, and Brazil will lead to a rise in the consumption of ceramic adhesives. In addition, ceramic adhesives are extensively being used in the construction industry for the installation of roofing, flooring, and wall coverings. Furthermore, increased government spending and focus on infrastructure improvement is likely to promote the consumption rate of ceramic adhesives during the forecast period.
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As per Technavio, a shift toward environment-friendly and green products will have a positive impact on the market during the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Ceramic Adhesives Market: Shift Toward Environment-Friendly and Green Products
Various vendors in the market are heavily investing in the development and launch of environmentally safe ceramic adhesives with minimal emissions and VOC content. Eco-friendly dispersions, resins, and adhesives are mainly being used in tile flooring and other applications to bind ceramic products as they are free from solvents or hydrocarbons harmful to human beings and the environment. In addition, organic adhesives are also gaining popularity in developing countries such as India, Brazil, South Africa, and Indonesia.
“Growing demand for flooring adhesives, increasing demand for cement-based ceramic adhesives, superior properties of ceramic adhesives, and growing demand from developing countries are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.
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Global Ceramic Adhesives Market: Segmentation Analysis
This market report segments the global ceramic adhesives market by application (building and construction, dental, and others) and geography (APAC, Europe, MEA, North America, and South America).
APAC led the market in 2018, followed by North America, Europe, MEA, and South America respectively. A large number of building and construction activities undertaken by the government for infrastructural development in the APAC will drive the ceramic adhesives market. In addition, the growing adoption of ceramic tile flooring owing to its low cost and availability of large number of distributors and retailers will drive the ceramic adhesives market growth during the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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