Brick Adhesive Market Forecast and CAGR
According to the latest research by Fact.MR, the brick adhesive market is set to witness steady growth during 2021-2031. Demand for these adhesives will witness steady recovery in the short term, with a positive growth outlook in the long run.
The demand for brick adhesive is rising across the globe due to its use in residential and commercial industries. As the number of residential buildings is increasing rapidly each year along with other industrial structures, it is projected that the demand will grow at a steady rate.
What Factors are Driving the Demand for Brick Adhesive?
Structures made by using bricks are strong and good insulator and that is why brick are being heavily used in various industries like residential, commercial, industrial and others. These adhesives play a vital role in maintaining the structures made by using bricks.
Depending on the type of brick and environment in which the structure is being made, various types of adhesive can be used. The most common type of brick is common burnt clay brick, it is used for all regular construction purpose, for these types of brick usually cement-based adhesives are used.
These adhesives are also gaining popularity among consumers because they can be used in various types of environment and can handle all type of pressure that the environment throws in its way. If a brick structure is made in an environment where it is very humid or if it rains, a lot of epoxies or cement-based adhesives can be used in that situation.
If and when consumers require adhesive that is used to stick things to bricks, there are not many types of glue that can be used for sticking something to a brick wall, but glue adhesives like gorilla glue or rhino glue can be used to stick something to brick because they are strong enough to hold something with brick. Owing to the aforementioned factors, Brick adhesive demand would increase in the coming forecast years.
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Impact of Covid-19 on Brick Adhesive Market
Due to the global Covid-19 pandemic the adhesives market took a hit, due to government-imposed lockdowns and social distancing, constructions were held in almost all parts of the world and there was a decline in demand for these adhesives.
But with the ease in lockdown and construction industry started working at its full flow, many new residential building constructions started along with constructions of industrial buildings as well and most of these new construction sites need bricks and naturally these adhesives as well, and due to this it is projected that demand of these adhesive would stabilize begin to rise again in second quarter of the 2022.
China and India Brick Adhesive Market outlook
The Asia Pacific hold the majority of share in these adhesives as compared to other regions, this is because the construction industry in this region is one of the biggest in the world.
In recent years China has become the leading region of these adhesives market, this is thanks to the rise of the construction industry in the country. China is accounting for the most share of the construction industry in the region and most of the construction in-country is done by using brick and that is driving the demand of these adhesives in a positive direction.
The construction industry in India is also on a rise, there was a small decrease due to Covid-19 but with the ease, in lockdown, the construction industry of the country is booming. Recently Indian government also passed two of the biggest construction contracts in the history country for the central vista project in Delhi.
Along with that and the rising population of the country is accounting for more residential building across the country and due to that, it is projected that the construction industry will see a huge rise in future and similar to China most of these buildings are made from using bricks due to that the country will see a rise in these adhesives.
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North American and European Brick Adhesive Market outlook
Compared to the Asia Pacific the region, the growth prospects of these adhesives is comparatively lower. This is due to two major reasons. Firstly, these countries are reaching maturity when it comes to newer building construction.
Secondly, because, in countries like US, UK, Germany and others construction industry is rising but in these countries, residential construction is generally done by using wood so with less used of brick the requirement of these adhesives is not much so that’s is why the demand of these adhesives is not expected to grow at a rapid rate. Owing to these factors, the region is expected to maintain a comparative lower growth rate during the coming years.
Who are the Key Manufacturers and Suppliers of Brick Adhesives?
Some of the leading manufacturers and suppliers of the brick adhesive include Hydro Build Enterprise, Perma Construction Aid Pvt LTD, Bostik Adhesive Company, Saint-Gobain Webber, Asian Paints, Best Bond, Don Construction Products, Bricklite Buildcare Pvt LTD, CMC Corporation, Winkler S.R.L, and others.
Manufacturers are spending in research and development to develop advanced adhesives, which can be used in wet conditions and they are also spending on making adhesives that are eco-friendly and does not harm the environment. These initiatives are anticipated to keep the market competitive.
An Adaptive Approach to Modern-day Research Needs
Brick Adhesive Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
By Brick Type
- Common Burnt Clay Brick
- Sand Lime Brick
- Engineering Brick
- Concrete Brick
- Fly Ash Clay Brick
By Distribution Channel
- Offline Stores
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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