The construction industry is a colossal industry which forms the base for the urbanization of any country. Waterborne adhesives are a new trend in the industry and are cost effective. Around the globe, construction is one of the few markets which showcase a positive growth rate, irrespective of the various factors which generally hinder the growth of the economy. According to a recent report by Federation of Indian Chambers of Commerce and Industries (FICCI), the construction market in developing countries is forecast to rise by 36%, for the year ending 2017. Among the emerging and developing economies, China and India are noted as the growth frontiers for the construction sector.
Worldwide there is a trend of increasing urbanization and formation of mega-cities. Rising standards of living and aging demography have a direct impact on the way we build, which demands high quality and precision in construction work. Innovation is a key driver for this segment. The major concern for the majority of the population is the environmental issues created by this sector. Across the world, residential construction marks the highest growth rate in construction. With the increase in the environmental problems caused by the usage of various construction chemicals and with increasing awareness, general public and builders have started switching towards waterborne adhesives which deals with roof binding using environmentally friendly materials.
According to McGraw Hill Construction, up to 48% of new non-residential construction projects across the world will be green in the near future. For instance, Qatar holds 16% in the total number of green buildings constructed in the gulf. According to the engineers there, green construction would become mandatory within a span of 2 years. Sooner or later, all the companies will enter this market as it is the new looming trend. Only constraining factor for the growth of this new technology is the availability of water and energy for the construction of new building. The formation of regulatory bodies and stricter amendments would improve the growth of this technology. Currently, Leadership in Energy and Environmental Design (LEED) is the regulatory body, developed by the U.S green building council, takes care of the design, construction, operation and maintenance of green buildings. Going forward, soon the goal of green building would be met across the world.
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