According to TechSci Research report, “Moisture Curing Adhesives Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Moisture Curing Adhesives Market has valued at USD 4.85 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 6.84% through 2028.
The global Moisture Curing Adhesives market has witnessed several noteworthy developments in recent years, reshaping the landscape and driving growth within the industry. These developments can be categorized into key trends and technological advancements.
One of the most prominent recent trends in the Moisture Curing Adhesives market is the increasing emphasis on sustainability. Manufacturers are now focusing on developing eco-friendly adhesive formulations that reduce environmental impact. These adhesives are free from volatile organic compounds (VOCs) and hazardous chemicals, aligning with global efforts to minimize carbon footprints. As environmental regulations become more stringent, the adoption of such adhesives is expected to rise significantly.
The construction industry has emerged as a major driver of growth in the moisture curing adhesives market. These adhesives are extensively used in construction applications, such as bonding flooring materials, sealing joints, and adhering insulation panels. The rapid urbanization and infrastructure development projects in emerging economies are contributing to increased demand for moisture curing adhesives, as they offer superior bonding strength and durability in construction applications.
Technological advancements have led to the development of moisture curing adhesives with enhanced performance characteristics. These adhesives now exhibit improved flexibility, adhesion, and resistance to harsh environmental conditions. Moreover, innovations in moisture-cured adhesive chemistry have resulted in products with faster curing times, reducing production cycle times and increasing efficiency for manufacturers.
The automotive industry is another significant segment experiencing growth in the use of moisture curing adhesives. These adhesives are increasingly replacing traditional welding and mechanical fasteners in automotive assembly due to their lightweight properties and the ability to create stronger bonds. This shift towards adhesive bonding in automotive manufacturing is driven by the need to reduce vehicle weight and enhance fuel efficiency.
The moisture curing adhesives market is expanding into emerging economies, particularly in Asia-Pacific. The rapid industrialization and infrastructure development in countries like China and India are creating substantial opportunities for market growth. Additionally, increasing consumer awareness of the benefits of moisture curing adhesives is driving demand in these regions.
In conclusion, the global Moisture Curing Adhesives market is witnessing significant developments driven by sustainability concerns, increased adoption in the construction and automotive sectors, performance improvements, and expansion into emerging markets. These developments are poised to shape the industry’s trajectory in the coming years, with sustainability and innovation at the forefront of market dynamics.
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The Global Moisture Curing Adhesives Market is segmented into chemistry, application, regional distribution, and company.
Based on the chemistry, The Construction segment is projected to experience rapid growth during the forecast period. The construction industry is often a significant driver of economic activity in many regions. It encompasses residential, commercial, and infrastructure projects. Construction may include contracts, project management, and materials procurement. Depending on the economic climate and infrastructure development in a particular region, the construction segment could dominate the market.
The Asia-Pacific region is poised to be the dominant market for moisture curing adhesives in the foreseeable future, primarily due to the surge in demand driven by the construction industry in countries like India and China.
The substantial investments in infrastructure projects from countries such as China and India are anticipated to be key drivers for this market. According to the National Development and Reform Commission, the Chinese government greenlit 26 infrastructure projects with an estimated investment of around USD 142 billion in 2019, with expected completion by 2023. Additionally, the Indian government allocated USD 63 billion to the infrastructure sector in 2019-20 and has ambitious plans to invest USD 1.4 trillion over the next five years. Initiatives like the development of smart cities and programs such as “housing for all” are set to further boost the demand for moisture curing adhesives within the construction industry.
Moisture curing adhesives find extensive use in solid wood plank and engineered wood applications within both the commercial and residential sectors. They offer exceptional bond strength and extend working time, making them indispensable. The growing furniture industry and the increased demand for wooden flooring are expected to be significant drivers for this market. According to a World Bank report, the Indian furniture industry was projected to surpass USD 32 billion by 2019 and is estimated to maintain a growth rate of 20% per annum in the coming years.
These aforementioned factors, combined with government backing and support, are collectively contributing to the escalating demand for moisture curing adhesives in the Asia-Pacific region throughout the forecast period.
Major companies operating in Global Moisture Curing Adhesives Market are:
- 3M Company
- Advatac Ltd.
- Apollo Chemicals Ltd.
- Bostik SA
- Daubert Chemical Co., Inc.
- Delo Industrial Adhesives LLC
- Dow, Inc.
- DuPont de Nemours, Inc.
- Dymax Corporation
- Franklin International, Inc.
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“The global Moisture Curing Adhesives market has been experiencing significant growth in recent years. Moisture curing adhesives are a type of adhesive that cure and bonds when exposed to moisture in the air, making them versatile and suitable for various applications.
This growth can be attributed to several key factors. Firstly, increasing demand from industries such as construction, automotive, and electronics has been a major driver. These adhesives offer strong bonding capabilities, resistance to environmental factors, and durability, making them ideal for joining materials in these sectors.
Additionally, the growing trend towards lightweight and eco-friendly materials in manufacturing processes has boosted the adoption of moisture curing adhesives. They contribute to weight reduction and offer environmentally friendly alternatives to traditional bonding methods.
Furthermore, ongoing research and development efforts have led to innovations in moisture curing adhesive formulations, enhancing their performance characteristics and expanding their applications,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Moisture Curing Adhesives Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Chemistry (Polyurethane, Silicone, Cyanoacrylate and Polyolefin), By Application (Construction, Automotive, Wood Working, Textile, and Others), By Region and competition”, has evaluated the future growth potential of Global Moisture Curing Adhesives Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Moisture Curing Adhesives Market.
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Table of Content-Moisture Curing Adhesives Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Applications
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Impact of COVID-19 on Global Moisture Curing Adhesives Market
- Voice of Customer
- Global Moisture Curing Adhesives Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Chemistry (Polyurethane, Silicone, Cyanoacrylate and Polyolefin)
6.2.2. By Application (Construction, Automotive, Wood Working, Textile, and Others)
6.2.3. By Region
6.2.4. By Company (2022)
6.3. Market Map
- Asia Pacific Moisture Curing Adhesives Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Chemistry
7.2.2. By Application
7.2.3. By Country
7.3. Asia Pacific: Country Analysis
7.3.1. China Moisture Curing Adhesives Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value & Volume
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Chemistry
7.3.1.2.2. By Application
7.3.2. India Moisture Curing Adhesives Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value & Volume
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Chemistry
7.3.2.2.2. By Application
7.3.3. Australia Moisture Curing Adhesives Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value & Volume
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Chemistry
7.3.3.2.2. By Application
