Construction Adhesives Market

Construction Adhesives Market Size-(2023-2028)

The construction adhesives market was valued at USD 8.82 billion in 2022 and is predicted to reach USD 11.99 billion by 2028, with a CAGR of 5.2% over the foreseen period.

Adhesives are chemicals that are employed to unify two separate surfaces into a single entity that does not separate easily. Adhesives such as glue, mucilage, paste, and cement imply high tensile and shear strength, which is employed for various holding and bonding functions. Sealants consist of adhesive properties that are employed to seal, fill, and waterproof the spaces between two surfaces. Sealants versus adhesives provide resistance to the movement of substrates, providing greater flexibility between surfaces. Additionally, the high tensile and shear strength of adhesives and sealants is an important application in the construction industry.

Construction adhesives and sealants are mainly employed in tapes and labels, roofing and flooring, and insulating materials, among others. Due to these factors, the construction adhesives and sealants market is predicted to increase during the foreseen period. Construction adhesive is a chemical formulation employed to hold two or more materials together. These materials range from basic household materials to building materials. These adhesives hold two surfaces together for a longer period of time. It is a suitable material for mixing inorganic fillers, synthetic rubber, dyes, resins, and preservative compounds. It acts as a blend of organic solvents designed to tightly bond the most common building materials. They are widely preferred in various applications such as decorative laminates, bonding plywood, concrete, particle board, metals, and the like. These adhesives are employed in remodels, adding finishing touches to homes and under construction.

Construction Adhesives Market Trends:

The growing call for construction adhesives worldwide due to increased construction and infrastructure activities may promote the expansion of the worldwide construction adhesives market. Furthermore, the escalating use of construction adhesives in commercial and residential applications is predicted to increase the worldwide market during the period. However, its low cost and easy availability may drive future worldwide market expansion. Improved properties combined with better production techniques, as well as technological advances, should open up new expansion opportunities in the coming years. On the contrary, the instability of the prices of the materials is the main obstacle to the expansion of the world market.

Recent Developments in the Construction Adhesives Market:

• Bostik, one of the world's leading specialists in adhesives for the industrial, construction, and consumer markets announced that it will launch an innovative and modified silicone sealant for coating applications during its exhibition with parent company, Arkema, Inc. at GlassBuild America, on September 17-19, 2019 in Atlanta, Georgia.
• Henkel introduces the latest PU 1K adhesive for bus construction. New products continue to revolutionize automotive manufacturing. Along with more efficient engines, advances in smaller vehicle components also help meet fuel economy and emission reduction targets.

Construction Adhesives Market Drivers:

Construction adhesives are employed in a variety of applications such as carpet, tile installation, wallpaper, and exterior insulation systems in the construction industry. These applications have driven the expansion of the construction adhesives market. The pace of expansion of the worldwide construction industry stabilized in 2016. However, increased investments in infrastructure development such as airports, bridges, dams, and metro stations are stimulating construction calls. 'adhesives on floors, expansion joints, panels, and other applications. In addition, the increase in the middle-class population has resulted in an increase in the call for housing. This is predicted to drive the expansion of the construction adhesives market. The escalating call for permanent housing other than slums in India and other developing countries such as Brazil, China, Indonesia, and Vietnam is mainly due to population expansion, urbanization, and escalating incomes in these countries, the escalating call for adhesives for construction.

Construction Adhesives Market Restraints:

With escalating environmental concerns and regulatory policies, manufacturers in North America and Europe are turning to environmentally friendly construction adhesive products for a variety of applications. Companies are unable to fully focus on making green and environmentally friendly products, which is also hurting their business revenue.

Opportunities in the Construction Adhesives Market:

The growing trend to use green or green products in various applications is driving the call for green or low-VOC adhesives. Strict regulations implemented by USEPA (the United States Environmental Protection Agency), REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) in Europe, Leadership in Energy and Environmental Design (LEED) and other regional regulatory authorities have restricted manufacturers to produce friendly adhesives with low VOC levels. The shift to a more sustainable product portfolio has provided the industry with a significant expansion opportunity. The main players manufacture environmentally friendly construction adhesives. These eco-friendly adhesive solutions are made from renewable, recycled, reconditioned, or biodegradable materials; The use of these ecological products also benefits the health of the occupants.

Challenges in the Construction Adhesives Market:

Developed countries such as the United States, Germany, the United Kingdom, Japan, and other Western European countries have established infrastructure for the public, commercial, and transport sectors. The infrastructures developed in these countries offer few possibilities for new construction activities. Additionally, the infrastructure is built to last longer, which provides little expansion opportunity in the construction adhesives market. The call for construction adhesives is predicted to grow moderately over the next five years, mainly due to increased activity in the construction industry.

CONSTRUCTION ADHESIVES MARKET REPORT COVERAGE:

Market Segmentation:

By Resin Type:

• Acrylic

• PVA

• PU

• Epoxy

Based on the resin type, the PU segment is predicted to grow at the highest CAGR during the foreseen period. The expansion of this segment can be attributed to its significant contributions to bonding technology, making available several different raw materials for the manufacture of adhesives that exhibit a wide spectrum of performance characteristics.

By Technology:

• Waterborne

• Reactive

• Solventborne

By End-Use Sector:

• Residential

• Non-residential

• Infrastructure

Based on the end-use sector, the residential segment is estimated to be the largest segment of the construction adhesives market in 2020, in terms of volume, followed by the infrastructure segment.

Construction Adhesives Regional Analysis:

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa 

Asia-Pacific had the largest market share in the worldwide construction adhesives market due to expansion in the infrastructure and construction business. China is the main world market region as the call for construction adhesive is escalating in infrastructure industries. However, emerging economies such as Argentina, South Africa, and Brazil may experience significant expansion in the near future due to increased construction activity in these countries. Europe is growing slowly but could see considerable expansion in the coming years. Asia-Pacific dominates the construction adhesives market due to the growing call for panels and glazing in high-rise buildings and the boom in the construction industry in the region.

Asia-Pacific is estimated to own more than a third of the worldwide market share and is predicted to continue to dominate during the foreseen period due to the rapid increase in expansion in the construction industry. associated with the development of complex modern infrastructure in the region. The escalating expansion of the construction industry in developing Asia-Pacific economies such as India and other Southeast Asian countries is predicted to drive the expansion of the construction adhesives and sealants market during the period foreseen. According to the India Brand Equity Foundation (IBEF), Government of India, the construction sector in India is predicted to grow at a CAGR of 10.5% and reach more than USD 215 billion by 2027.

Construction Adhesives Market Key Players:

1. Arkema SA (France)
2. Wacker Chemie AG (Germany)
3. Royal Adhesives & Sealants (US)
4. PPG Industries, Inc. (the US)
5. MAPEI SpA (Italy)
6. Huntsman International LLC (US)
7. Henkel AG & Co. KGaA (Germany)
8. H.B. Fuller Company (US)
9. Solvay (Belgium)
10. Berry Global Inc. (US)
11. BASF SE (Germany)
12. Avery Dennison Corporation (US)
13. Ashland (US)
14. DAP Products Inc. (US)