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
NEW YORK, Feb. 13, 2018 /PRNewswire/ -- The ceramic adhesives market is projected to grow at a CAGR of 5.1% from 2017 to 2022, in terms of value.
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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 can be attributed to increasing use of ceramic adhesives in residential buildings and rising demand for these adhesives from emerging economies such as India, China, Indonesia, and Brazil. However, stringent implementation of various environmental regulations in the North American and European regions on using or manufacturing ceramic adhesives may restrain the growth of the ceramic adhesives market across the globe.
Based on chemistry type, the cement-based segment is expected to lead the ceramic adhesives market in terms of both, volume and value, during the forecast period.
In terms of volume, the cement-based segment is expected to lead the ceramic adhesives market during the forecast period due 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.
Increasing demand for ceramic adhesives from the building & construction industry of the region is expected to drive the growth of the Middle East & Africa ceramic adhesives market between 2017 and 2022.
The Middle East & Africa ceramic adhesives market is expected to witness moderate growth during the forecast period. The growth of the Middle East & Africa ceramic adhesives market can be attributed to the increased demand for ceramic adhesives from the building & construction industry of the region. Several leading manufacturers of ceramic adhesives have established their manufacturing plants in the Middle East & Africa to cater to the growing demand for ceramic adhesives from this region.
The increasing demand for high-performance, cost-effective, and environment-friendly building products continues to grow across the globe as the building & construction industry is continuously evolving to cater to the requirements of masses for energy efficient and economic high-end structures. The growth of the Middle East & Africa ceramic adhesives market is driven by increasing number of infrastructure development projects and ongoing urbanization in the region.
The continuously growing middle-class population of the region and increasing demand for new houses due to rising number of nuclear families in the region are also fueling the growth of the Middle East & Africa ceramic adhesives market. Ongoing urbanization across Sub-Saharan Africa and long-term demographic growth in the region are also driving the growth of the Middle East & Africa ceramic adhesives market.
Breakup of Primary Interviews:
-- By Company Type - Tier 1 - 42%, Tier 2 - 25%, and Tier 3 - 33%
-- By Designation - C Level - 36%, D Level - 19%, and Others - 45%
-- By Region - Europe - 39%, North America - 31%, Asia Pacific - 16%, Central & South America - 7%, and the Middle East & Africa - 7%
Key companies profiled in this report 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).
Research Coverage
The ceramic adhesives market has been segmented based on chemistry type (cement-based, epoxy, acrylic, silicone, cyanoacrylate, and others), application (building & construction, dental, and others), and region (Asia Pacific, Europe, North America, Middle East & Africa, and Central & South America). The application segments of the market have been further analyzed for different countries of different regions.
Reasons to Buy the Report
From an insight perspective, this research report on the ceramic adhesives market focuses on various levels of analyses--industry analysis (industry trends), market share analysis of the top players, value chain analysis, and company profiles. These insights together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the ceramic adhesives market, high-growth regions, and drivers, restraints, opportunities, and challenges for the ceramic adhesives market.
The report provides insights on the following pointers:
-- Market Penetration: Comprehensive information on various types of ceramic adhesives offered by the top players of the ceramic adhesives market
-- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new products launched in the ceramic adhesives market
-- Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for ceramic adhesives across different regions
-- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ceramic adhesives market
-- Competitive Assessment: In-depth assessment of market shares, growth strategies, product portfolios, and manufacturing capabilities of the leading players of the ceramic adhesives market
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