The global moisture curing adhesives market is estimated to grow at a compound annual growth rate (CAGR) of more than 7% during the forecast period, according to Technavio analysts. The numerous infrastructural government projects are a major factor driving the market’s growth.
The global construction industry is reportedly growing at a faster pace due to the major contribution from emerging countries. In 2016, the global construction market was valued $8.82 trillion in terms of revenue. The emerging countries have contributed to approximately 52% share of the global construction industry in 2016. The construction application segment dominated the global moisture curing adhesives market in 2017 with a market share of more than 26%, and the automotive segment held the second largest share in the market.
Asia-Pacific contributed the largest share to the market, accounting for approximately 39% of the market share. The Americas accounted for the second largest share in the market, followed by EMEA, which held the least share in the market.
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