Construction Adhesive and Sealant Manufacturers Go Green to Tap into Immense Growth Prospects
The need for innovation and increasing consumer requirements are key factors driving the construction adhesive and sealant market worldwide.
- The need for innovation and increasing consumer requirements are key factors driving the construction adhesive and sealant market worldwide.
- By 2026, the global construction adhesive and sealant market is estimated to garner a revenue of $23.7 billion from $19.32 billion in 2019, up at a compound annual growth rate of 3%.
- However, economic slowdown across countries aggravated by the COVID-19 pandemic has impacted the construction activity progress, thereby restraining construction adhesives' and sealants' short and mid-term market growth.
- To tap into the growth prospects from construction adhesives and sealants, market participants need to focus on:
Developing products exclusive to automated construction processes, such as prefabricated construction.