Global Ceramic Adhesives Market to Jump 8%
The global ceramic adhesives market is expected to post a compound annual growth rate of close to 8% during the period 2019-2023.
The global ceramic adhesives market is expected to post a compound annual growth rate (CAGR) of close to 8% during the period 2019-2023, according to the latest market research report by Technavio.
Ceramic adhesives are extensively being used in the construction industry for the installation of roofing, flooring and wall coverings. With the ongoing increase in infrastructure development projects such as high-speed rail tracks, roads, airports, and nuclear plants, there is reportedly a high demand for ceramic adhesives. In addition, the increase in the number of residential housing, theme parks, hotels, and other commercial centers in emerging economies such as India, China, Indonesia, and Brazil, is expected to lead to a rise in consumption of ceramic adhesives.
The demand for environmentally friendly ceramic adhesives is increasing significantly in developed countries such as Canada, the U.S., and Germany. Eco-friendly dispersions, resins and adhesives are mainly used in tile flooring and other applications to bind ceramic products. In addition, organic adhesives are also gaining popularity in developing countries such as India, Brazil, South Africa, and Indonesia.
“Ceramic adhesives offer various advantages such as high melting point, lightweight, exceptional insulation, excellent hardness level, and great corrosion and oxidation resistance,” an analyst said. “They are popular as they ensure faster cure time, easy setting, superior heat protection, and extremely long service lifetime. Such advantages and superior qualities of ceramic adhesives will increase their adoption during the forecast period.”
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