Back Glue Market Is Likely to Experience a Tremendous Growth by 2031

The global back glue market is anticipated to grow at a considerable CAGR during the forecast period (2024-2031). The increasing demand for back adhesives from various applications, such as project and retail applications across the globe is attributing the growth to the market. In addition, the growing construction industry, especially in emerging markets, is driving the demand for adhesives, including back glue, as they are used in various applications such as flooring, wall finishing, and insulation. For instance, according to The Associated General Contractors of America (AGC), the industry has more than 753,000 employers with over 7.8 million employees and creates nearly $1.8 trillion worth of structures each year. 

Black adhesive manufacturers are investing heavily in R&D to develop new and innovative products that can meet the ever-changing needs of consumers which is further expected to propel the growth of the global back glue market. For instance, Permatex developed Permatex Black Polyurethane Adhesive, according to the company it is a versatile and easy-to-use adhesive that can be used on both interior and exterior applications. Permatex stated that the Black Polyurethane Adhesive works equally as well in harsh environments and heavy-duty applications.

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Market Coverage

•             The market number available for – 2023-2031

•             Base year- 2023

•             Forecast period- 2024-2031

Segment Covered- 

• By Type
• By Application

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World
• Competitive Landscape- Beijing Oriental Yuhong Waterproof Technology Co., Ltd., Bostik, Inc., Henkel AG & Co. KGaA, Mapei, S.P.A., Nippon Paint Holding Co., Ltd., and others. 

Back Glue Market Report Segment

By Type  

• 1 Component Paste BG
• 1 Component Liquid BG
• 2 Component BG

By Application 

• Industrial
• Retail

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Back Glue Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles 

• Beijing Oriental Yuhong Waterproof Technology Co., Ltd.
• Bostik, Inc. 
• DAVCO (Sika Group)
• Evans Adhesive 
• Henkel AG & Co. KGaA
• Laticrete International, Inc. 
• Mapei, S.P.A.
• Nippon Paint Holding Co., Ltd. 
• Saint Gobain Weber Co., Ltd. 
• Sika AG 

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Article source: https://article-realm.com/article/Business/60970-Back-Glue-Market-Is-Likely-to-Experience-a-Tremendous-Growth-by-2031.html