The demand in the global building & construction industry is a key driver for opportunities for the adhesives manufacturers and suppliers. The value chain of the adhesives market has steadily expanded on the back of the rise in array of use of adhesives in various end-use industries. Broadly, key industries are paper & packaging, building & construction, woodworking, automotive & transportation, and leather & footwear.
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A marked boost to the demand in the adhesives market has come from the DIY residential sector. However, market survey on adhesives has found that Covid-19 crisis could severely impact the sales, given the risks of cancellation or postponing of new builds and refurbishments in various parts of the world. The snags on the supply chain due to transportation constraints in recent months has also hampered the timely availability of raw materials. This has also impacted the growth dynamic of the adhesives market in unexpected ways.
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Over the past few years, building information modelling tools and software have attracted attention of building professionals on account of the advantages their application has brought to large-scale projects. Over the last decade, developed economies especially, have been implementing BIM tools in complex construction projects. Given the penetration of array of adhesives in the construction industry, adhesive market players eye a massive avenue in BIM tools. Not only, the tools will offer them easy access to demands in new construction businesses, but suppliers can also customize the offering to meet the changing customer’s demand in the construction industry. Thus, the adoption of BIM tools in the large-scale construction industry is benefitting adhesive suppliers.
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