Mexico Construction Adhesives Market Report and Forecast 2023-2028

Mexico Construction Adhesives Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the Mexico construction adhesives market is projected to grow at a CAGR of 3.80% between 2023 and 2028. Aided by the increasing construction activities in the country and rising applications of various construction adhesives, the market is expected to grow significantly by 2028.

Construction adhesives are high-performance bonding agents used in the building and construction industry. They are commonly applied in a range of construction projects such as residential housing, commercial buildings, and infrastructural developments. These adhesives offer superior bonding strength, resistance to weather and temperature fluctuations, and improved durability, making them integral components in construction processes.

The escalating demand for efficient and robust bonding solutions in construction activities is a primary driver of the Mexico construction adhesives market growth. As construction projects increasingly adopt modern methods and strive to improve structural integrity and longevity, there has been a substantial shift towards the use of construction adhesives. Their capacity to bond a variety of materials, including concrete, wood, glass, and metal, significantly broadens their appeal.

Moreover, the expanding applications of construction adhesives in various construction processes substantially contribute to the Mexico construction adhesives market expansion. In housing projects, construction adhesives are used to securely bond flooring, tiles, wall panels, and fixtures, while in commercial buildings and infrastructures, they are applied in concrete bonding, waterproofing, and joint sealing. The ability of these adhesives to endure environmental stress and offer long-lasting bonding strengthens their utility in the construction sector.

The rising trend of green buildings and sustainable construction practices further fuels the popularity of construction adhesives. As sustainability becomes a core principle in construction, the demand for eco-friendly, low-VOC (Volatile Organic Compound) adhesives have surged. These adhesives not only align with the global sustainability objectives but also provide the necessary performance characteristics, thus stimulating the Mexico construction adhesives market demand.

Further, the burgeoning urbanisation and population growth in Mexico have led to an increased focus on infrastructure development and housing projects, which in turn boost the demand for construction adhesives. As the construction industry grows to accommodate these needs, the usage of construction adhesives is anticipated to rise correspondingly, thus aiding the Mexico construction adhesives market growth.

Market Segmentation

The market can be divided based on resin type, technology, application, and region.

Market Breakup by Resin Type

• Acrylic
• Polyurethanes
• Polyvinyl Acetate
• Epoxy
• Others

Market Breakup by Technology

• Water-Based
• Solvent-Based
• Reactive
• Hot Melt
• Others

Market Breakup by Application

• Residential
• Commercial
• Industrial

Market Breakup by Region

• Baja California
• Northern Mexico
• The Bajío
• Central Mexico
• Pacific Coast
• Yucatan Peninsula

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the Mexico construction adhesives companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• The 3M Company
• PPG Industries, Inc.
• Sika AG
• Bostik Inc.
• Henkel AG & Co. KGaA
• Grupo Lamosa
• Dow Chemical Company
• CEMIX MÉXICO SA DE CV.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.