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The adhesive is also called cement, glue, paste, or mucilage. It is a non-metallic substance, which is applied to one or both surfaces of two separate items that fix them together and prevent the separation. Here, PVC or polyvinyl chloride-based adhesive is known for its ideal properties. It offers high dielectric strengths, mechanical, high strength thermosetting adhesive, and resistance to water, temperature, oil, chemical, and thermal shock. PVC based adhesive appears as milky white and available in liquid form. The high product consumption can be seen in construction, PVC films, PVC pipe, and fitting applications.
The increasing PVC based adhesive demand from the construction industry will lead to propelling the market growth. The properties such as solvent-free, high bond strength, better leakage sealing, and long last joint make PVC-based adhesive a preferred choice in the construction industry. The product is highly utilized in the PVC membrane doors, laminate doors, and flexible vinyl and quartz tiles. The rapid growth in the construction industry will further surge product demand. Hence, these factors will propel the market growth during the forecast timeline.
However, the availability of substitute products including polyurethane and epoxy-based adhesive restricts the product's adoption in various applications. Hence, this is anticipated to restrict market growth.
Key Market Driver -
The rising demand of PVC Based Adhesive from the construction industry will drive the market growth.
Key Market Restraint -
Availability of the substitute product to hamper the market growth
Based on application, the PVC based adhesive market is segmented into construction, PVC films, PVC pipe & fitting, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the PVC based adhesive market include ASTRAL ADHESIVES, SUPER BOND GROUP, Parteek Industries, Astra Chemtech Private Limited, Bhiwadi Polymers Ltd., Topflor, Chemfil, Benson Polymers Limited., Kenon Adhesives Private Limited, Miraj Pipes, Ester Chemical Industries Pvt. Ltd., SABA BV., JR JINDAL INFRAPROJECTS PVT. LTD., and Eastman Chemical Company.
Europe is anticipated to witness sustainable growth in the PVC based adhesive market. The growth is attributed to the rising product demand from the PVC film application. The rising demand for the product from the commercial buildings will fuel the market growth in North America. In Asia Pacific, the growth is due to increasing PVC based adhesive demand from the construction industry. The Middle East & Africa is anticipated to witness significant growth, owing to high product demand from PVC pipe & fitting.
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