Plastic Cements Market – Industry Trends and Forecast for period from 2024 to 2031
The "Plastic Cements Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Plastic Cements market is expected to grow annually by 4.2% (CAGR 2024 - 2031).
This entire report is of 193 pages.
Plastic Cements Introduction and its Market Analysis
Plastic cements are a type of adhesive used in construction for bonding plastic materials. The market for plastic cements is driven by the growth in the construction industry, as well as the increasing demand for durable and flexible adhesives. Major players in the market include Karnak, Resisto, Quikrete, W. R. MEADOWS, CEMEX, Humbrol, Sealflex, Pro-Grade (Henry Company), CalPortland, GAF, Ningbo Yinzhou Fuhui Plastic Cement, and Liaoyang Mingsu Plastic Cement Factory. The report highlights the market conditions, target market, and factors driving revenue growth in the plastic cements market. The main findings suggest a positive outlook for the market, with recommendations for companies to focus on innovation and expanding their product range to stay competitive.
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Plastic cements are versatile construction materials available in various sizes such as 4 Kg., 10 Kg., and 20 Kg. pails. They are commonly used for applications on wet or dry surfaces, joints or cracks, roof paints, and other segmentation. These cements provide strong adhesion and are ideal for sealing and bonding tasks in construction and repair projects.
However, the plastic cements market is subject to strict regulatory and legal factors specific to market conditions. Manufacturers must comply with environmental regulations, quality control standards, and safety guidelines to ensure product reliability and consumer safety. Adherence to these regulations is crucial to maintain market competitiveness and meet the growing demand for sustainable and eco-friendly construction materials.
In conclusion, the plastic cements market offers a wide range of products suitable for various applications in the construction industry. Adherence to regulatory and legal factors is essential to ensure product quality and safety, and to meet the evolving needs of customers in the market.
Top Featured Companies Dominating the Global Plastic Cements Market
The plastic cements market is highly competitive with several key players leading the industry. Some of the prominent companies operating in the plastic cements market include Karnak, Resisto, Quikrete, W. R. MEADOWS, CEMEX, Humbrol, Sealflex, Pro-Grade (Henry Company), CalPortland, GAF, Ningbo Yinzhou Fuhui Plastic Cement, and Liaoyang Mingsu Plastic Cement Factory.
These companies cater to a wide range of industries including construction, automotive, packaging, and others. They offer a variety of plastic cements products such as adhesives, sealants, and coatings that find applications in different sectors. Karnak, for instance, specializes in manufacturing high-quality roofing and waterproofing products, while Resisto focuses on offering innovative solutions for building envelope protection. Quikrete is a leading provider of concrete and masonry products, and W. R. MEADOWS is known for its high-performance construction products.
These companies play a crucial role in driving the growth of the plastic cements market by continuously innovating and introducing new products to meet the evolving needs of the industry. They also focus on expanding their product portfolios, improving their distribution channels, and enhancing their customer service to gain a competitive edge in the market.
In terms of sales revenue, companies like CEMEX, GAF, and CalPortland are among the top performers in the plastic cements market. CEMEX, a global leader in building materials, reported a revenue of over $13 billion in 2020. GAF, a leading roofing manufacturer, generated sales of around $3 billion in the same year. CalPortland, a major producer of cement and building materials, earned revenues exceeding $1 billion. Overall, these companies contribute significantly to the growth and development of the plastic cements market through their market presence, product offerings, and financial performance.
- Karnak
- Resisto
- Quikrete
- W. R. MEADOWS
- CEMEX
- Humbrol
- Sealflex
- Pro-Grade (Henry Company)
- CalPortland
- GAF
- Ningbo Yinzhou Fuhui Plastic Cement
- Liaoyang Mingsu Plastic Cement Factory
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Plastic Cements Market Analysis, by Type:
- 4 Kg. Pails
- 10 Kg. Pails
- 20 Kg. Pails
Plastic cements are available in various pail sizes, such as 4 kg, 10 kg, and 20 kg. These different sizes cater to the needs of various consumers, from DIY enthusiasts to professional contractors. The availability of different pail sizes makes it convenient for users to choose the right amount of product for their specific projects, thus increasing the demand for plastic cements in the market. Additionally, larger pail sizes like the 20 kg pails are popular among contractors and industrial users, further driving the growth of the plastic cements market.
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Plastic Cements Market Analysis, by Application:
- Wet or Dry Surfaces
- Joints or Cracks
- Roof Paints
- Other
Plastic cements are applied on both wet and dry surfaces to create a strong bond. They are commonly used to seal joints or cracks in various surfaces, such as concrete, metal, or asphalt. They can also be used as a base for roof paints to improve adhesion and waterproofing. The fastest growing application segment in terms of revenue is in the construction industry, specifically in roofing and waterproofing projects. Plastic cements are easy to apply and provide long-lasting protection against moisture and weather damage, making them a popular choice for contractors and homeowners alike.
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Plastic Cements Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The plastic cements market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Among these regions, Asia-Pacific is expected to dominate the market with the highest market share percent valuation, driven by rapid industrialization and infrastructure development in countries like China and India. The expected market share of the Plastic Cements market in these regions is projected to increase steadily over the forecast period.
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