
Report ID: UCMIG15A2110
SkyQuest Technology's Construction adhesive market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Construction Adhesive Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
The global construction adhesive market was valued at USD 9.65 billion in 2021 and is expected to grow at a CAGR of 5.3% from 2022 to 2030. The increasing investments in the infrastructure sector worldwide are anticipated to drive the demand for construction adhesives during the forecast period. According to the United Nations' report on infrastructure in 2021, increased investments in infrastructure could potentially add 0.6% to the global GDP. This indicates the significant role of construction adhesives in supporting the growth of the construction and infrastructure industries, and the potential for continued market expansion in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15A2110
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