The ceramic adhesives market is projected to reach $7.84 billion by 2022, at a compound annual growth rate (CAGR) of 5.1% from 2017 to 2022, according to a recent report published by MarketsandMarkets™. The growth of the ceramic adhesives market across the globe can reportedly be attributed to increased demand for ceramic adhesives from the building and construction industry due to increasing number of residential and commercial buildings being constructed across the globe.
Based on chemistry type, the cement-based segment of the ceramic adhesives market is projected to grow at the highest CAGR, both in terms of volume and value. This segment is also projected to lead the ceramic adhesives market, both in terms of volume and value, during the forecast period.
The construction of smart cities and renovation of existing buildings in the Asia-Pacific region are expected to drive the growth of the ceramic adhesives market in the region during the forecast period. The increasing use of ceramic adhesives in building and construction application can also be attributed to the increasing requirement for residential housings, theme parks, hotels, and other commercial centers in the emerging economies such as India, China, Indonesia, and Brazil.
The Asia-Pacific market is reportedly witnessing rapid growth due to significant economic progress and increased number of infrastructure development projects in the region. Increased building and construction activities in the region are also expected to propel the demand for ceramic adhesives from the region.
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