Construction Adhesives Market Report
RA07511
Construction Adhesives Market by Resin Type (Acrylic, Polyurethanes, Epoxy, Polyvinyl Acetate, and Others), Technology (Water-based, Solvent-based, and Others), Application (Residential, Industrial, and Commercial), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Construction Adhesives Overview
Construction adhesives are flexible bonding substances used in a range of building and construction projects. They are made to cling to a wide variety of materials with exceptional strength, including ceramics, metal, wood, concrete, stone, and plastic. In both residential and commercial construction projects, building adhesives are frequently utilised as a dependable substitute for conventional mechanical fasteners like nails, screws, or rivets. Construction adhesive uses include installing plasterboard, wall panels & subflooring, baseboards, base moulding, and trim bonded, affixing ceramic, stone, or tile veneers, assembling metal parts, attaching masonry or concrete components, locking up the insulating materials, putting together fixtures, furniture, or cabinets, and filling in cracks and gaps.
Global Construction Adhesives Market Analysis
The global construction adhesives market size was $9,947.0 million in 2022 and is predicted to grow with a CAGR of 5.8%, by generating a revenue of $17,448.7 million by 2032.
COVID-19 Impact on Global Construction Adhesives Market
During the early phases of the pandemic, lockdown procedures, supply chain disruptions, and decreased construction operations caused a temporary halt in the construction sector. Due to the pandemic's disruption of global supply lines, raw materials used in construction adhesives became expensive and less accessible.
Construction operations are anticipated to resume as the pandemic eases and economies recover. The need for construction adhesives is projected to be driven by rising infrastructure projects, residential & commercial development, and renovation projects. Global governments' strategies for economic recovery are likely to prioritise infrastructure development. The construction adhesives market is expected to expand because of rising investments in infrastructure projects such as new roads, bridges, railroads, and public buildings.
Rising Construction and Infrastructure Development to Drive the Market Growth
The demand for construction adhesives is significantly influenced by the overall expansion of the construction industry, including residential, commercial, and infrastructural projects. The demand for bonding and sealing solutions is driven by rising urbanisation, population growth, and investments in infrastructure projects. Construction adhesive’s demand is influenced by remodelling and renovation projects in both the residential and commercial sectors. Adhesives are necessary for projects like flooring, tiling, panelling, and interior finishing as homeowners and companies look to renovate and improve existing structures. The need for environmentally friendly construction adhesives is driven by the increasing focus on sustainable construction methods and green building initiatives.
Volatility in Raw Material Prices to Restrain Market Growth
The production costs for manufacturers can be greatly impacted by changes in the pricing of raw materials used in construction adhesives, including as resins, solvents, and additives. Due to this unpredictability, it could become difficult to keep prices competitive and businesses profitable. Environmental restrictions and standards are very strict for the construction industry. Manufacturers may encounter difficulties while trying to follow these rules while still maintaining the effectiveness and financial viability of their adhesives. Some construction adhesives may have performance limitations, especially when bonding specific materials or under harsh conditions. This can make it difficult for them to be used in specialised applications, necessitating the creation of new adhesive compositions or alternative bonding techniques.
Sustainable and Green Adhesives to Drive Excellent Opportunities
The increased emphasis on sustainability and environmentally friendly practises has enabled the development and acceptance of building adhesives with improved environmental properties. Manufacturers are spending money on R&D to produce adhesives with low VOC emissions, renewable resources, and minimal environmental impact, in line with the sustainability objectives of the sector. New opportunities in the construction adhesives market may arise because of advancements in adhesives technology. Manufacturers may invest in producing high-performance adhesives with improved bond strength, faster cure times, and longer durability. The introduction of smart features and technologies, such as sensors or self-healing adhesives, could result in the development of new applications and lucrative opportunities for the market. The global trend towards construction can open enormous opportunities for the construction adhesives market.
Global Construction Adhesives Market Share, by Resin Type, 2022
The acrylic sub-segment accounted for the highest share in 2022. Acrylic adhesives are renowned for their versatility and may stick to a variety of surfaces, including metal, wood, concrete, and composite materials. They are useful for a variety of building activities because of their adaptability, including panelling, flooring, hanging plasterboard, insulating, and general assembly. Acrylic adhesives create a strong bond and consistent adhesion among various materials. They can build robust, long-lasting bonds that stand up to a variety of environmental factors, such as temperature changes, moisture, and UV exposure. Acrylic adhesives with fast cure times allow for faster assembly and less downtime. Rapid curing speeds up project completion and increases efficiency in construction applications.
Global Construction Adhesives Market Share, by Technology, 2022
The water-based sub-segment accounted for the highest market size in 2022. Water-based adhesives have a good reputation for being environmentally friendly. They produce less volatile organic compounds (VOCs) than solvent-based adhesives, which improves the air quality inside buildings and reduces environmental pollution. They are less flammable and pose less health hazards when inhaling toxic vapours. Water-based adhesives make cleanup simple and do not require harsh chemicals or solvents. This makes applying adhesives easier and makes it possible to quickly and effectively clean surfaces and instruments.
Global Construction Adhesives Market Share, by Application, 2022
The commercial sub-segment accounted for the highest market size in 2022. Commercial office buildings usually employ construction adhesives for a variety of purposes, such as flooring, carpet installation, wall panelling, and acoustic treatments. Adhesives offer dependable bonding options that improve the overall appearance, functionality, and durability of the commercial space. Construction adhesives are needed for flooring installations, signs mounting, fixture assembly, and display installations in retail environments such malls, department shops, and retail establishments. The hospitality sector, which includes hotels, resorts, restaurants, and entertainment venues, depends on construction adhesives for tasks like installing tiling, mounting fixtures, and installing flooring and wall coverings.
Global Construction Adhesives Market Share, by Region, 2022
The Asia-pacific cconstruction adhesives market generated the highest revenue in 2022. The greatest market for construction adhesives is in the Asia Pacific region. The need for construction adhesives is rising along with improvements in the infrastructure, retail, and residential building sector. Asia-Pacific region is making significant investments in the construction of smart cities, airports, highways, and bridges. The necessity for cheap housing, urban housing developments, and maintenance projects is driving the demand for construction adhesives in the residential building sector in this region.
Competitive Scenario in the Global Construction Adhesives Market
Product development and geographic expansion are common strategies followed by major market players. Henkel acquired Sonderhoff Group, a manufacturer of adhesives with facilities in China, in June 2022. As a result, the company has grown its product portfolio in the area and improved its Adhesive Technologies division.
Some of the leading construction adhesives market players are H.B. Fuller Company, 3M, Franklin International, Inc., Sika AG, Avery Dennison Corporation, Dow Inc., Illinois Tool Works Incorporation, Bostik, DAP Products Inc., and Henkel AG & Co. KGaA.
| Aspect | Particulars |
| Historical Market Estimations | 2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Resin Type |
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| Segmentation by Technology |
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| Segmentation by Application |
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| Key Companies Profiled |
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Q1. What is the size of the construction adhesives market?
A. The size of the construction adhesives market was over $9,947.0 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% during the forecast period.
Q2. Which are the major companies in the construction adhesives market?
A. Franklin International, Inc. and Illinois Tool Works Incorporation are some of the key players in the global construction adhesives market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.
Q4. What are the strategies opted by the leading players in this market?
A. Product development and geographic expansion are the two key strategies opted by the operating companies in this market.
Q5. Which companies are investing more on R&D practices?
A. H.B. Fuller Company, 3M, Franklin International, Inc., Sika AG, Avery Dennison Corporation, Dow Inc., Franklin International, Inc., and Illinois Tool Works Incorporation are the companies investing more on R&D activities for developing new products and technologies.
1. Research Methodology
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
2. Report Scope
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on global construction adhesives market
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive Rivalry Intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on construction adhesives market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
5. Construction Adhesives Market Analysis, By Resin Type
5.1. Overview
5.2. Acrylic
5.2.1. Definition, key trends, growth factors, and opportunities
5.2.2. Market size analysis, by region, 2022-2032
5.2.3. Market share analysis, by country, 2022-2032
5.3. Polyurethanes
5.3.1. Definition, key trends, growth factors, and opportunities
5.3.2. Market size analysis, by region, 2022-2032
5.3.3. Market share analysis, by country, 2022-2032
5.4. Epoxy
5.4.1. Definition, key trends, growth factors, and opportunities
5.4.2. Market size analysis, by region, 2022-2032
5.4.3. Market share analysis, by country, 2022-2032
5.5. Polyvinyl Acetate
5.5.1. Definition, key trends, growth factors, and opportunities
5.5.2. Market size analysis, by region, 2022-2032
5.5.3. Market share analysis, by country, 2022-2032
5.6. Others
5.6.1. Definition, key trends, growth factors, and opportunities
5.6.2. Market size analysis, by region, 2022-2032
5.6.3. Market share analysis, by country, 2022-2032
5.7. Research Dive Exclusive Insights
5.7.1. Market attractiveness
5.7.2. Competition heatmap
6. Construction Adhesives Market Analysis, by Technology
6.1. Overview
6.2. Water-based
6.2.1. Definition, key trends, growth factors, and opportunities
6.2.2. Market size analysis, by region, 2022-2032
6.2.3. Market share analysis, by country, 2022-2032
6.3. Solvent-based
6.3.1. Definition, key trends, growth factors, and opportunities
6.3.2. Market size analysis, by region, 2022-2032
6.3.3. Market share analysis, by country, 2022-2032
6.4. Others
6.4.1. Definition, key trends, growth factors, and opportunities
6.4.2. Market size analysis, by region, 2022-2032
6.4.3. Market share analysis, by country, 2022-2032
6.5. Research Dive Exclusive Insights
6.5.1. Market attractiveness
6.5.2. Competition heatmap
7. Construction Adhesives Market Analysis, by Application
7.1. Overview
7.2. Residential
7.2.1. Definition, key trends, growth factors, and opportunities
7.2.2. Market size analysis, by region, 2022-2032
7.2.3. Market share analysis, by country, 2022-2032
7.3. Industrial
7.3.1. Definition, key trends, growth factors, and opportunities
7.3.2. Market size analysis, by region, 2022-2032
7.3.3. Market share analysis, by country, 2022-2032
7.4. Commercial
7.4.1. Definition, key trends, growth factors, and opportunities
7.4.2. Market size analysis, by region, 2022-2032
7.4.3. Market share analysis, by country, 2022-2032
7.5. Research Dive Exclusive Insights
7.5.1. Market attractiveness
7.5.2. Competition heatmap
8. Construction Adhesives Market, by Region
8.1. North America
8.1.1. U.S.
8.1.1.1. Market size analysis, by Resin Type, 2022-2032
8.1.1.2. Market size analysis, by Technology, 2022-2032
8.1.1.3. Market size analysis, by Application, 2022-2032
8.1.2. Canada
8.1.2.1. Market size analysis, by Resin Type, 2022-2032
8.1.2.2. Market size analysis, by Technology, 2022-2032
8.1.2.3. Market size analysis, by Application, 2022-2032
8.1.3. Mexico
8.1.3.1. Market size analysis, by Resin Type, 2022-2032
8.1.3.2. Market size analysis, by Technology, 2022-2032
8.1.3.3. Market size analysis, by Application, 2022-2032
8.1.4. Research Dive Exclusive Insights
8.1.4.1. Market attractiveness
8.1.4.2. Competition heatmap
8.2. Europe
8.2.1. Germany
8.2.1.1. Market size analysis, by Resin Type, 2022-2032
8.2.1.2. Market size analysis, by Technology, 2022-2032
8.2.1.3. Market size analysis, by Application, 2022-2032
8.2.2. UK
8.2.2.1. Market size analysis, by Resin Type, 2022-2032
8.2.2.2. Market size analysis, by Technology, 2022-2032
8.2.2.3. Market size analysis, by Application, 2022-2032
8.2.3. France
8.2.3.1. Market size analysis, by Resin Type, 2022-2032
8.2.3.2. Market size analysis, by Technology, 2022-2032
8.2.3.3. Market size analysis, by Application, 2022-2032
8.2.4. Spain
8.2.4.1. Market size analysis, by Resin Type, 2022-2032
8.2.4.2. Market size analysis, by Technology, 2022-2032
8.2.4.3. Market size analysis, by Application, 2022-2032
8.2.5. Italy
8.2.5.1. Market size analysis, by Resin Type, 2022-2032
8.2.5.2. Market size analysis, by Technology, 2022-2032
8.2.5.3. Market size analysis, by Application, 2022-2032
8.2.6. Rest of Europe
8.2.6.1. Market size analysis, by Resin Type, 2022-2032
8.2.6.2. Market size analysis, by Technology, 2022-2032
8.2.6.3. Market size analysis, by Application, 2022-2032
8.2.7. Research Dive Exclusive Insights
8.2.7.1. Market attractiveness
8.2.7.2. Competition heatmap
8.3. Asia-Pacific
8.3.1. China
8.3.1.1. Market size analysis, by Resin Type, 2022-2032
8.3.1.2. Market size analysis, by Technology, 2022-2032
8.3.1.3. Market size analysis, by Application, 2022-2032
8.3.2. Japan
8.3.2.1. Market size analysis, by Resin Type, 2022-2032
8.3.2.2. Market size analysis, by Technology, 2022-2032
8.3.2.3. Market size analysis, by Application, 2022-2032
8.3.3. India
8.3.3.1. Market size analysis, by Resin Type, 2022-2032
8.3.3.2. Market size analysis, by Technology, 2022-2032
8.3.3.3. Market size analysis, by Application, 2022-2032
8.3.4. Australia
8.3.4.1. Market size analysis, by Resin Type, 2022-2032
8.3.4.2. Market size analysis, by Technology, 2022-2032
8.3.4.3. Market size analysis, by Application, 2022-2032
8.3.5. Indonesia
8.3.5.1. Market size analysis, by Resin Type, 2022-2032
8.3.5.2. Market size analysis, by Technology, 2022-2032
8.3.5.3. Market size analysis, by Application, 2022-2032
8.3.6. Rest of Asia-Pacific
8.3.6.1. Market size analysis, by Resin Type, 2022-2032
8.3.6.2. Market size analysis, by Technology, 2022-2032
8.3.6.3. Market size analysis, by Application, 2022-2032
8.3.7. Research Dive Exclusive Insights
8.3.7.1. Market attractiveness
8.3.7.2. Competition heatmap
8.4. LAMEA
8.4.1. Brazil
8.4.1.1. Market size analysis, by Resin Type, 2022-2032
8.4.1.2. Market size analysis, by Technology, 2022-2032
8.4.1.3. Market size analysis, by Application, 2022-2032
8.4.2. UAE
8.4.2.1. Market size analysis, by Resin Type, 2022-2032
8.4.2.2. Market size analysis, by Technology, 2022-2032
8.4.2.3. Market size analysis, by Application, 2022-2032
8.4.3. South Africa
8.4.3.1. Market size analysis, by Resin Type, 2022-2032
8.4.3.2. Market size analysis, by Technology, 2022-2032
8.4.3.3. Market size analysis, by Application, 2022-2032
8.4.4. Argentina
8.4.4.1. Market size analysis, by Resin Type, 2022-2032
8.4.4.2. Market size analysis, by Technology, 2022-2032
8.4.4.3. Market size analysis, by Application, 2022-2032
8.4.5. Rest of LAMEA
8.4.5.1. Market size analysis, by Resin Type, 2022-2032
8.4.5.2. Market size analysis, by Technology, 2022-2032
8.4.5.3. Market size analysis, by Application, 2022-2032
8.4.6. Research Dive Exclusive Insights
8.4.6.1. Market attractiveness
8.4.6.2. Competition heatmap
9. Competitive Landscape
9.1. Top winning strategies, 2022
9.1.1. By strategy
9.1.2. By year
9.2. Strategic overview
9.3. Market share analysis, 2022
10. Company Profiles
10.1. H.B. Fuller Company
10.1.1. Overview
10.1.2. Business segments
10.1.3. Product portfolio
10.1.4. Financial performance
10.1.5. Recent developments
10.1.6. SWOT analysis
10.2. 3M
10.2.1. Overview
10.2.2. Business segments
10.2.3. Product portfolio
10.2.4. Financial performance
10.2.5. Recent developments
10.2.6. SWOT analysis
10.3. Franklin International, Inc.
10.3.1. Overview
10.3.2. Business segments
10.3.3. Product portfolio
10.3.4. Financial performance
10.3.5. Recent developments
10.3.6. SWOT analysis
10.4. Sika AG
10.4.1. Overview
10.4.2. Business segments
10.4.3. Product portfolio
10.4.4. Financial performance
10.4.5. Recent developments
10.4.6. SWOT analysis
10.5. Avery Dennison Corporation
10.5.1. Overview
10.5.2. Business segments
10.5.3. Product portfolio
10.5.4. Financial performance
10.5.5. Recent developments
10.5.6. SWOT analysis
10.6. Dow Inc.
10.6.1. Overview
10.6.2. Business segments
10.6.3. Product portfolio
10.6.4. Financial performance
10.6.5. Recent developments
10.6.6. SWOT analysis
10.7. Illinois Tool Works Incorporation
10.7.1. Overview
10.7.2. Business segments
10.7.3. Product portfolio
10.7.4. Financial performance
10.7.5. Recent developments
10.7.6. SWOT analysis
10.8. Bostik
10.8.1. Overview
10.8.2. Business segments
10.8.3. Product portfolio
10.8.4. Financial performance
10.8.5. Recent developments
10.8.6. SWOT analysis
10.9. DAP Products Inc.
10.9.1. Overview
10.9.2. Business segments
10.9.3. Product portfolio
10.9.4. Financial performance
10.9.5. Recent developments
10.9.6. SWOT analysis
10.10. Henkel AG & Co. KGaA
10.10.1. Overview
10.10.2. Business segments
10.10.3. Product portfolio
10.10.4. Financial performance
10.10.5. Recent developments
10.10.6. SWOT analysis
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