Global Construction Adhesive Market : Drivers and Trends Supercharged growth in construction activities and infrastructure building on account of the rapid pace of urbanization worldwide has majorly contributed to the global market for construction adhesive . The growing adoption of construction adhesives for commercial as well as housing applications is likely to boost their uptake in the forecast period between 2016 and 2024 . This , coupled with their affordable prices and ease of use , will augment the demand even more . In the years to come , with superior production techniques due to technological progress , the market would continue to tread on a steady growth path .
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A major factor acting as a roadblock to the growth in the global market for construction adhesive is the unstable prices of raw materials . A recent noticeable trend in the market is the rising use of bio-based , eco-friendly construction adhesives on account of the increasing concerns about the environment among discerning consumers and strict policies framed by agencies such as the European Union and United States Environmental Protection Agency .
Global Construction Adhesive Market : Geographical Outlook Geographically , the global construction adhesive market can be segmented into Asia Pacific , North America , Latin America , Eastern Europe , Western Europe , and the Middle East and Africa . Among them , Asia Pacific , powered by India and China , holds a dominant share in the market because of the rising spend on commercial and residential construction and massive infrastructure building in the region . This in turn is brought about by the robust economic growth in the region . The demand for bio-based adhesives is also fueling an uptick in the demand in Asia Pacific . This upswing in the Asia Pacific market is predicted to continue in the coming years as well .
Other developing economies , namely Brazil , South Africa , Saudi Arabia , Israel , Egypt , and Argentina , among others , also hold out a lot of promise in terms of growth due to the ever increasing construction activities in the nations . North America trails Asia Pacific in the global market for construction adhesive . The market in North America has been primarily bolstered by the robust demand from the U . S . Europe follows North America and is predicted to exhibit a lackluster growth in the coming years owing to the market being saturated already .