Market Research Report
Global Ceramic Adhesives Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||801149|
|Published||Content info||121 Pages
Delivery time: 1-2 business days
|Global Ceramic Adhesives Market 2019-2023|
|Published: February 26, 2019||Content info: 121 Pages||
Ceramic adhesives are widely used in the construction industry for the installation of tiles and flooring, roofing, and wall coverings. Ceramic adhesives are mostly used to bind ceramic products in tile flooring, stone floor pasting, and polyethylene floor pasting applications. Emerging economies are witnessing an increasing demand for ceramic adhesives due to ongoing infrastructure development projects such as high-speed rail tracks, roads, airports, and nuclear plants. Construction of smart cities and the renovation of existing buildings in APAC are expected to drive the growth of the global ceramic adhesives market during the forecast period. Increased government spending and a greater focus on infrastructure improvement will promote the consumption rate of ceramic adhesives. Technavio's analysts have predicted that the ceramic adhesives market will register a CAGR of almost 8% by 2023.
Ceramic adhesives offer various advantages such as light weight, high melting point, excellent hardness level, exceptional insulation, and great corrosion and oxidation resistance. They are known to have a faster cure time, easy setting, extremely long service lifetime, and superior heat protection compared to traditional adhesives, resins, and dispersions.
Volatility in raw material prices Ceramic adhesives are manufactured using raw materials such as polyurethane, amines, styrene copolymers, resins, and toughening agents. Fluctuating prices of polyurethane, caused due to changes in the petrochemicals market (supply-demand imbalances and price fluctuations), hinder the growth of the global ceramic adhesives market.
For the detailed list of factors that will drive and challenge the growth of the ceramic adhesives market during the 2019-2023, view our report.
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.