Ceramic adhesives market worth 7.84 Billion USD by 2022
published by Tile & Stone Blue Book Newsletter February 2018
(PR Newswire) The report “Ceramic AdhesivesMarket by Chemistry Type (Cement-based, Epoxy, Acrylic, Silicone, Cyanoacrylate), Application (Building & Construction, Dental), Region (APAC, Europe, North America, MEA, Central & South America) – Global Forecast to 2022″ published by MarketsandMarkets™, the market is projected to reach USD 7.84 Billion by 2022, at a CAGR of 5.1% from 2017 to 2022. The Ceramic Adhesives Market is projected to grow from USD 6.12 billion in 2017 to USD 7.84 billion by 2022, at a CAGR of 5.1% from 2017 to 2022. The growth of the Ceramic Adhesives Market across the globe can be attributed to increased demand for ceramic adhesives from the building & construction industry due to increasing number of residential and commercial buildings being constructed across the globe.
Based on chemistry type, the cement-based segment of the Ceramic Adhesives Market is projected to grow at the highest CAGR from 2017 to 2022, both in terms of volume and value. This segment is also projected to lead the Ceramic Adhesives Market, both in terms of volume and value, during the forecast period. The growth of the cement-based segment of the Ceramic Adhesives Market can be attributed to the low cost of cement-based ceramic adhesives and their exceptional bonding characteristics. Inorganic cement-based ceramic adhesives offer better performance at high temperatures than conventional polymers. Moreover, these adhesives are extremely durable and offer high shear strength, which makes them the most crucial element in any construction site. Cement-based ceramic adhesives have the ability to store and radiate heat. Inorganic cement-based ceramic adhesives are made from high-quality materials consisting of binders, additives, and other ceramics. These inorganic cement-based ceramic adhesives offer excellent bonding strength, high-temperature resistance, and increased thermal and electrical insulation.
In the construction industry, ceramic adhesives are mainly used for the installation of tiles & flooring, roofing, and wall coverings. The construction of smart cities and renovation of existing buildings in the Asia Pacific region are expected to drive the growth of the Ceramic Adhesives Market in the region between 2017 and 2022. The increasing use of ceramic adhesives in building & construction application can also be attributed to the increasing requirement for residential housings, theme parks, hotels, and other commercial centers in the emerging economies such as India, China, Indonesia, and Brazil.
The demand for ceramic adhesives is growing in emerging economies due to increasing number of ongoing infrastructure development projects such as high-speed rail tracks, roads, airports, and nuclear plants. The increasing focus of the governments on infrastructure development in countries such as Brazil, Argentina, India, China, and Vietnam is also fueling the growth of the building & construction application segment of the Ceramic Adhesives Market across the globe.
The Asia Pacific Ceramic Adhesives Market is witnessing rapid growth due to significant economic progress and increased number of infrastructure development projects in various countries of the region. Increased building & construction activities in the region are also expected to propel the demand for ceramic adhesives from the Asia Pacific region.
Key market players in the Ceramic Adhesives Market:
Key players operating in the Ceramic Adhesives Market are 3M (US), Bostik (France), Sika (Switzerland), Henkel (Germany), H.B. Fuller Construction Products (US), BASF (Germany), MAPEI (Italy), Ardex (Germany), Laticrete International (US), Terraco (Sweden), Saint-Gobain Weber (France), and Fosroc (UK).