Growing usage of hot melt adhesives in the construction industry
The major applications of hot melt adhesives in the construction industry are as follows:
- Ceramic tile, carpet, resilient flooring, and flooring underlayment
- Countertop and drywall lamination
- Heating, ventilation, and air conditioning installations
- Manufactured housing
- Pre-finished panels
- Roofing
- Wall covering
The construction industry is very important to the EU economy. The sector provides 18 million direct jobs and contributes to about 9% of the EU's GDP.
The United Kingdom is the major country (in terms of annual production value of the construction industry) in Europe followed by France, Germany, Italy, and Spain.
In 2016, annual production value of the construction industry in the UK was valued around 290 billion euros followed by France, Germany, and Italy with around 280 billion euros, 256 billion euros, and 162 billion euros respectively.
Market Opportunities
Advances in polyurethane-based hot melt adhesives
- Polyurethane-based hot melt adhesives are a recent enhancement in the hot melt adhesives market. Unlike SBC- and EVA-based hot melt adhesives, polyurethane- based adhesives polymerize as soon as they are applied to make a strong bond. Further, they possess higher flexibility and can withstand high temperatures. Although they are more expensive than other types of hot melt adhesives, they serve a wide range of applications.
- The mounting need for new end-user products is driving product enhancements in the hot melt adhesives market. Currently, the newer products must not only be of superior quality but also be sustainable and low cost. The growing demand from consumer applications is elevating the consumption of hot melt adhesives during the forecasted period.
- The advancement of the market for hot melt adhesives is attributed to many changing trends such as the persistently increasing requirement for high-performance solutions that can be applied for many applications.
- Brand proprietors and other formulators are facing difficulties in meeting shelf appeal while ensuring the consumer demands for food safety, sustainability, and cost efficiency.
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DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.
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Sai Kiran
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