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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Market
Dynamics:
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.
Key Players:
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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Market
Segmentation:
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
- Europe
- Asia
Pacific
- Latin
America
- Middle East
& Africa
Type
Outlook (Revenue, USD Billion; 2019–2030)
- Cement-based
- Epoxy
- Silicone
- Acrylic
- Cyanoacrylate
- Others
Application
Outlook (Revenue, USD Billion 2019–2030)
- Building
& Construction
- Residential
- Commercial
- Institutional
- Dental
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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?
Thank you for reading this article. You can also get
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