Ceramic Adhesives Market Future Growth Analysis 2023 to 2030
Increasing development sites and smart city projects due to rapid urbanization will propel ceramic adhesives market expansion
Due to the growing emphasis on infrastructure development projects including rail tracks, roads, flyovers, airports, industrial plants, and others, ceramic adhesives are widely employed in the construction industry. Concrete, fibre cement boards, cement plasters, natural stones, gypsum plasters, and gypsum boards are just a few of the substrates that they have a variety of applications for.
These adhesives are also used to laminate countertops, fix laminates and veneers to furniture in interiors, and hold floor and wall-to-wall carpets in place. When blended with cement for joints and pillars in buildings, ceramic adhesives are extremely helpful and economical for pre-fabricated houses.
Ceramic Adhesives Market is expected to grow at 5.8% CAGR from 2023-2030 & to reach above USD 11.25 billion by 2030 from USD 8.41 billion in 2023.
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The market research report covers the analysis of market players. Key companies profiled in the report include 3M, Henkel AG & Co. KGaA, BASF SE, H.B. Fuller Company, Saint-Gobain, MAPEI S.p.A., Bostik, Ardex Group, Terraco Holdings Ltd., Huntsman International LLC.
New Developments
On February 2023 the newest addition to the company’s line of adhesives is designed to stay in place for up to 28 days, 3M announced, doubling the two-week wear time that has long been the standard for stick-on medical devices. The manufacturing giant first began subverting that standard last spring, when it unveiled an adhesive tape that could be used for up to 21 days at a time.
On May 2023 Polytec PT, a company based in Germany, developed thermal interface materials for batteries and engineering adhesives for the electronics market. It delivered around €15 million in sales with one main production site in Karlsbad, Germany. Polytec PT developed a strong expertise in thermal interface materials which are key to enabling fast charging of the battery and efficient dissipation of the heat. Polytec PT has already built a solid position in this market.
Segments Covered in the Ceramic Adhesives Market
Ceramic Adhesives Market by Chemistry Type
- Cement Based
- Epoxy
- Acrylic
- Silicone
- Cyanoacrylate
- Others
Ceramic Adhesives Market by Application
- Building & Construction
- Dental
- Other
Due to their high bonding capabilities, they are also employed in the automotive industry to produce vehicle parts, which is a key element boosting demand for ceramic adhesives. Other significant aspects influencing market revenue growth in the upcoming years are the expansion of public and private investments in infrastructure development, fast industrialisation, and rising disposable income in developing nations.
COVID-19 Impact
Due to lockdowns, travel bans, and factory closures, the world's supply chain for ceramic adhesives was hampered during the epidemic. As a result, there were delays in obtaining raw materials, production slowed down, and logistical issues emerged, affecting the market's accessibility to ceramic adhesives.
During the pandemic, the construction industry, a significant consumer of ceramic adhesives, slowed down. Project delays, cancellations, and reduced building operations were caused by lockdowns, social segregation policies, and economic uncertainty. The demand for ceramic adhesives decreased as a result.
Many factories that make ceramic adhesives had to temporarily halt their activities in order to adhere to lockdown regulations and protect their personnel. This further hampered the market's ability to obtain ceramic adhesives. Economic turbulence produced by the pandemic included job losses, decreased incomes, and financial restraints for both people and enterprises.
Due to this, conservative expenditure and investment choices were made, which affected the market's total demand for ceramic adhesives.
Market Restraints
The manufacture of ceramic adhesives produces several hazardous gases that could have a negative impact on the environment. Liquid adhesive waste that is not properly disposed of could contaminate land and groundwater. This poses serious health hazards to the environment as well as the potential for the loss of flora and fauna.
It can also contribute to a variety of health issues, including skin conditions, eye irritations, and others. It quickly absorbs moisture, which weakens construction joints and further promotes structural deterioration and adhesion loss. These elements are anticipated to limit application growth and have a negative effect on the market.
The availability of alternative bonding materials like hot glue guns, the high cost of production, the presence of strict rules and regulations, and mitigating use of non-volatile and chemical adhesives are some other key factors that are anticipated to restrain revenue growth to some extent.
The ceramic adhesives industry has a few potential due to sustainability and green building
Demand for ceramic adhesives that are environmentally friendly and support sustainable building methods is rising. Manufacturers have the chance to create adhesives with lower levels of harmful compounds, volatile organic compound (VOC) content, and carbon footprint. These environmentally friendly formulas comply with rules and certifications for green buildings.
Ceramic adhesives can be produced more sustainably if recyclable and renewable resources are used. As an alternative to conventional petroleum-based materials, manufacturers can investigate the use of bio-based or plant-derived substances.
Additionally, including recycled materials in adhesive formulations can support the circular economy and lessen environmental effect in general. Market expansion prospects exist for ceramic adhesives that improve the thermal performance and energy efficiency of buildings.
asia pacific is predicted to hold the largest market share
This is due to governments' increased attention on infrastructure development, which includes building roads, bridges, buildings, and other structures in nations like China, India, and others. Rapid urbanisation and industrialization, the expansion of smart city initiatives, and expanding population have all contributed to an increase in demand for new dwellings.
Additionally, significant market players are moving their production facilities to China due to the country's accessibility to raw materials, affordable labour, ability to expand current facilities, and investments in the creation of new infrastructure.
There are several top producers of ceramic adhesives in the Asia Pacific region. As a result of these businesses' establishment of production facilities, distribution networks, and alliances in the area, the market is now dominated.
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