Call 888-776-0942 from 8 a.m. to 10 p.m. Eastern Time
-Nearly 20% of moisture-curing adhesives worldwide are cyanoacrylate adhesives
-Fact.MR's latest research report details the moisture curing adhesive market. It provides a detailed analysis of popular dynamics, current developments and trending business strategies. It examines in detail the various growth drivers, opportunities and constraints that affect the composition and end-use industry demand of major market segments.
New York, October 25, 2021/PRNewswire/--Market research and competitive intelligence provider Fact.MR: According to the latest Fact.MR analysis, the moisture-curing adhesive market is expected to reach $6 billion in 2021. As the demand for moisture-curing adhesives continues to increase, the entire market is expected to grow at a compound annual growth rate of 6% between 2021 and 2031, and will exceed a valuation of USD 10.74 billion by the end of 2031.
The rapid growth of the moisture-curing adhesive market is attributed to the growing demand from industries such as automobiles and construction. Moisture-curing adhesives have the ability to absorb atmospheric moisture, so the materials they are applied to will not be damaged or corroded.
These adhesives are increasingly used in a variety of applications because they provide permanent elasticity, instant sealing, flame retardancy, and low to high viscosity for optimal applications. Moisture-curing adhesives are also suitable for difficult-to-bond surfaces, such as wood-plastic materials and untreated metals or plastics that do not contain polyethylene or polyethylene.
During the forecast period, the increasing use of moisture-curing adhesives in the automotive, textile, footwear, and other industries is expected to create lucrative growth opportunities for manufacturers.
According to Fact.MR, sales of cyanoacrylates are expected to maintain the highest level during the forecast period. Due to the increasing use of the construction industry in household applications, the demand for cyanoacrylates is expected to surge.
Request a sample report for compressed insights
https://www.factmr.com/connectus/sample?flag=S&rep_id=5402
Therefore, the construction field is expected to remain the largest application field of moisture-curing adhesives. These adhesives are increasingly used in a wide range of applications, such as floors, tiles, insulated roofs and wall coverings.
The North American market accounts for about 25% of total revenue and is expected to remain the most profitable market for moisture-curing adhesives during the forecast period. The growth in the region is attributable to the strong presence of leading companies and the growing demand from the construction, automotive and wood processing industries.
"With the implementation of strict government regulations, manufacturers are shifting their focus to the use of environmentally friendly raw materials. This will create profitable growth opportunities for the moisture-curing adhesive market during the forecast period," Fact.MR analysts said.
Key points of market survey of moisture curing adhesives
Ask your questions about the moisture curing adhesive market and get customized reports
https://www.factmr.com/connectus/sample?flag=RC&rep_id=5402
Major companies operating in the moisture-curing adhesive market are investing heavily in research and development to expand their product portfolio. New product launches, mergers, partnerships, and expansion of production plants are some of the strategies adopted by moisture-curing adhesive manufacturers.
Some of the major players in the moisture-curing adhesive market introduced by Fact.MR are:
More insights on the sales prospects of global moisture-curing adhesives
Fact.MR provides an unbiased analysis of the moisture curing adhesive market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031. The study revealed compelling insights into the global demand for moisture-curing adhesives, and detailed breakdowns based on the following:
Key Issues Covered in the Moisture Curing Adhesives Market Outlook Report
Explore Fact.MR's reports in the field of chemistry and materials –
Construction Adhesives Market—End users’ demand for heat-resistant and moisture-proof adhesives and fast-fixing adhesives continues to drive demand for construction adhesives. In the past few decades, the construction business has expanded dramatically. Construction adhesives are used by construction companies for waterproofing, repairing leaking roofs and other purposes. Building adhesives are being used to replace traditional material joining methods, such as nuts and bolts, wood glue, and contact cement. In addition, increasing investment in commercial development in developing countries has boosted the demand for construction adhesives.
Adhesive market-The use of high-performance adhesives in automotive interior and exterior applications has driven the expansion of the adhesive market. Adhesives are increasingly used in the construction industry, which contributes to market growth. The demand of the packaging industry has been steadily expanding. As consumers' preferences for low-cost and flexible packaging solutions change, adhesives will be used more in the industry. The R&D expenditure in the market has increased significantly.
Textile adhesive market-In developed countries such as the United States, the European Union, and Japan, the textile adhesive industry is expected to change as demand shifts to technical fabrics. As Asian countries have cheap labor and abundant raw materials, a considerable part of the textile industry is concentrated in China, South Asia and Southeast Asia. Therefore, the Asia-Pacific region accounts for most of the demand for textile adhesives. Manufacturers of textile adhesives are collaborating with end users of textile products such as automobile and sports product manufacturers to create innovative technologies.
Fact.MR is a market research and consulting organization with deep expertise in emerging market intelligence. It covers a wide range-from automotive and industry 4.0 to chemistry and materials, technology, and even the most subdivided categories. 80% of Fortune 1000 companies trust us to make critical decisions.
MarketNgage is powered by Fact.MR-our unified intelligence engine, which is a revolutionary market research subscription platform with flexible pricing to meet your needs.
You can sign up for MarketNgage's market research subscription with free points to access all our chemistry and materials research reports. MarketNgage is powered by Fact.MR-a fully integrated research solution that enables seamless single window access to cover the widest range of emerging markets, emerging products and disruptive technologies.
Mahendra Singh US Sales Office 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: 1 (628) 251-1583 E: [email protected]
More news releases on similar topics
Cision Distribution 888-776-0942 8 a.m. to 9 p.m. Eastern Time