The global moisture curing adhesive market is expected to reach USD 7.21 billion by 2025, according to a new report by Grand View Research, Inc. Utilization of automotive product has been a major driving factor for market growth. Consumption of moisture curing adhesive services has increased owing to the growing need for protection of products from moisture.
Moisture curing adhesive services have various uses in in construction, housing, electrical & electronics, and industrial sectors. It is also utilized in printing & coating, decorative, furnishing, flooring, automotive, transportation, packaging, coating on woods, metals, plastics, paper, corks, industrial inks, and heavy machinery.
Automotive application segment is projected to have the highest growth rate over the forecast period. The segment is expected to grow with an estimated CAGR of 7.0% over the next eight years. Vehicle manufacturing companies depend on adhesive innovation as a settled part of their production line. In every vehicle, normally 15 kg of different moisture curing adhesives are utilized to mount and assemble an immense collection of parts. These factors are expected to propel the automotive application segment growth over the next eight years.
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http://www.grandviewresearch.com/industry-analysis/moisture-curing-adhesives-market
Further key findings from the report suggest:
- The global moisture curing adhesive demand in terms of volume was USD 485.5 million in 2016 and is expected to grow at a CAGR of 5.2% from 2017 to 2025
- Polyurethane emerged as the largest chemistry segment in 2016 and is estimated to generate revenue over USD 2.78 billion by 2025
- Cyanoacrylate is anticipated to be the fastest growing service segment over the next eight years and is estimated to grow at a CAGR of 6.9%
- Global moisture curing adhesive demand in construction application was USD 1.02 billion in 2016 and is anticipated to witness steady growth over the next eight years
- The U.S. automotive moisture curing adhesive market in applications category was worth USD 0.82 billion and is estimated to reach USD 1.40 billion by 2025
- The Asia Pacific region is anticipated to witness high growth at a CAGR of 7.1% by 2025. Developing economies in the region, including India and China, have been experiencing strong economic growth, which is expected to drive automotive and construction market over the next eight years
- Key players of the industry include H.B. Fuller, 3M, The DOW chemical company, Henkel AG & Co. KGaA, and Bostik SA. These major players are often indulged in mergers, joint ventures, & acquisitions, in order to expand their product portfolio and gain market share
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-moisture-curing-adhesives-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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