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.