Ceramic Adhesives Market Revenue, Growth, Restraints, Trends, Company Profiles, 2030
The global Ceramic Adhesives Market size is expected to reach USD 12.7 billion in 2030 and register a CAGR of 5.1% over the forecast period, according to the latest report by Reports and Data. Key factors such as high demand for eco-friendly & cost-effective ceramic adhesives, rapid industrialization in developing countries, and increasing number of building & construction activities are driving market revenue growth.
Increasing number of building & construction activities, growing demand for eco-friendly & cost-effective ceramic adhesives, rapid industrialization, and growing preferences for new houses are some factors driving revenue growth of the ceramic adhesives market. Ceramic adhesives have wide applications in healthcare and pharmaceutical sectors and various modern adhesives are used to assemble medical devices and systems. Presently, adhesives are used with high-tech ceramics for total hip replacement, heart valves, tooth implants, restorations, and bone fillers. Ceramic particles and microspheres are also useful for radiotherapy in the treatment of cancer.
Ceramic adhesive is an inorganic and non-metallic material used as a bonding agent in different end-use industries. Ceramic adhesives are widely used in the construction industry for various applications such as roofing, wall covering, and flooring. These adhesives are also extensively used in the construction industry due to increasing focus on infrastructure development projects such as rail tracks, roads, flyovers, airports, industrial plants, and others. Moreover, these adhesives are used in the manufacturing of dental equipment, aircraft, automotive, and electronics & electrical components.
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Driver: Rapid urbanization for increasing construction sites and smart city projects
Ceramic adhesives are widely used in construction industries due to increasing focus on infrastructure development projects such as rail tracks, roads, flyovers, airports, industrial plants, and others. These have various applications for various substrates such as concrete, fiber cement boards, cement plasters, natural stones, gypsum plasters, and gypsum boards. These adhesives are also used in floor and wall-to-wall carpets to hold carpets in one place, countertop lamination, and fixing of laminates and veneers on furniture in interiors. Ceramic adhesives are mixed in cement used for building joints and pillars, are very useful in pre-fabricated housing, and are also cost-effective. These are also used in the automotive sector to manufacture vehicle parts due to their excellent bonding capacity and are a major factor driving demand for ceramic adhesives. Moreover, growing investments by governments and private investors in infrastructural development, rapid industrialization, and increasing disposable income in developing countries, are some other key factors driving market revenue growth in the coming years.
Some players in the market report include 3M, Bostik, Sika, Henkel, H.B. Fuller Construction Products, BASF, MAPEI, Ardex, Laticrete International, and Terraco.
Some Key Highlights From the Report:
- In October 2021, DuPont opened a new manufacturing facility in Jiangsu Province, China to produce adhesives for serving customers in the construction and automotive industries.
- Cement-based segment accounted for largest revenue share in the global market in 2020. Increasing use of cement-based adhesive due to its good bonding strength is likely to boost growth of this segment in the near future.
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For the purpose of this report, Reports and Data has segmented ceramic adhesives market based on type, marketing channel, end-use, and region:
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Type Outlook (Revenue, USD Billion; 2019–2030)
Application Outlook (Revenue, USD Billion 2019–2030)
- Building & Construction
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Key questions answered by the report:
· What is the expected CAGR in terms of revenue for the global ceramic adhesives market over the forecast period (2022-2030)?
· What was the global ceramic adhesives market valued at in 2021?
· Which factors are expected to drive the adoption of ceramic adhesives?
· Which was the leading segment in the ceramic adhesives market on the basis of application in 2021?
· What are some restraints for growth of the global ceramic adhesives market?
· Which are some of the major companies included in the global market report?
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