USD 14.5 billion
Global Construction Adhesives Market Size, Share, Growth Analysis, By Type(Water-Based Adhesives, Solvent-Based Adhesives), By Application(Flooring and Tiles, Concrete and Mortar) - Industry Forecast 2024-2031
Report ID:
SQMIG20B2047 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
68 |
Figures:
75
Global Construction Adhesives Market Insights
Construction Adhesives Market size was valued at USD 14.5 billion in 2021 and is poised to grow from USD 15.27 billion in 2022 to USD 23.08 billion by 2030, growing at a CAGR of 5.3% during the forecast period (2023-2030).
The global construction adhesives market is a rapidly growing sector within the construction industry. These adhesives offer several advantages over traditional mechanical fastening methods, including improved aesthetics, enhanced durability, and increased efficiency. One of the key drivers fueling the growth of the global market is the booming construction industry worldwide. Increasing urbanization, population growth, and infrastructure development projects in both developed and emerging economies are driving the demand for construction materials, including adhesives. Additionally, the rising trend of lightweight and energy-efficient construction techniques further contributes to the market's expansion. Construction adhesives that are low in volatile organic compounds (VOCs) and environmentally friendly are gaining popularity due to increasing environmental regulations and consumer demand for greener construction solutions. Manufacturers are focusing on developing eco-friendly adhesive products to cater to this demand and gain a competitive edge in the market. Manufacturers are investing in research and development activities to introduce innovative adhesive solutions with improved bonding strength, flexibility, and faster curing times. Additionally, the integration of smart technologies, such as self-healing adhesives and adhesive systems with enhanced monitoring capabilities, is expected to further drive market growth.
US Construction Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Water-based adhesives
Growth Rate
5.3% CAGR
Global Construction Adhesives Market ($ Bn)
Country Share for North America Region (%)
Global Construction Adhesives By Type ($ Bn)
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Global Construction Adhesives Market Segmental Analysis
The Global Construction Adhesives Market is segmented by type, application, and region. Based on type, the market can be segmented into Water-Based Adhesives, Solvent-Based Adhesives, Reactive Adhesives, Hot-Melt Adhesives and Others. Based on application, the market is segmented into Flooring and Tiles, Concrete and Mortar, Windows and Doors, Insulation, Roofing, Wall Coverings, Paneling and Joinery and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Construction Adhesives Market Analysis by Type
Among the different types of construction adhesives, the dominant type in the global market is water-based adhesives. Water-based adhesives have gained popularity due to their environmental friendliness, low VOC emissions, and ease of use. These adhesives are water-soluble and offer excellent bonding strength for various construction applications, including flooring, tiles, insulation, and paneling.
On the other hand, the fastest-growing type in the global construction adhesives market is hot-melt adhesives. Hot-melt adhesives are thermoplastic adhesives that are solid at room temperature but melt when heated. They provide quick bonding, high bond strength, and are widely used in applications such as woodworking, packaging, and general construction. The growth of the hot-melt adhesives segment can be attributed to their fast curing time, improved efficiency, and versatility across different substrates.
Construction Adhesives Market Analysis by Application
Flooring and Tiles represent the most dominant application segment in the construction adhesives market. This is due to the extensive use of adhesives in the installation of various types of flooring materials, such as ceramic tiles, vinyl flooring, hardwood flooring, and laminates. Construction adhesives provide strong bonding properties, allowing for durable and long-lasting flooring installations. The demand for Flooring and Tiles adhesives is driven by the growth in the construction industry, renovation projects, and increasing consumer preference for aesthetically pleasing and functional flooring solutions.
On the other hand, the Insulation application segment is experiencing rapid growth in the construction adhesives market. Insulation adhesives are used for bonding insulation materials to different surfaces, including walls, roofs, and floors. With the growing emphasis on energy efficiency and sustainable construction practices, there is an increasing demand for insulation materials in residential, commercial, and industrial buildings. Construction adhesives used for insulation applications offer benefits such as improved thermal performance, reduced energy consumption, and enhanced building envelope integrity. The adoption of insulation adhesives is driven by stricter building codes and regulations, environmental concerns, and the need for cost-effective insulation solutions.
Global Construction Adhesives Market By Type, 2023 (%)
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Global Construction Adhesives Market Regional Insights
North America holds a significant share in the construction adhesives market due to factors such as well-established infrastructure, robust construction activities, and stringent regulations emphasizing the use of environmentally friendly and high-performance adhesives. The region's strong focus on sustainability, technological advancements, and the presence of major construction adhesive manufacturers contribute to its dominance in the market. Additionally, North America has a mature construction industry with a high demand for adhesives in residential, commercial, and infrastructure projects.
Asia Pacific, on the other hand, is experiencing rapid growth in the construction adhesives market. The region is witnessing significant urbanization, industrialization, and infrastructure development, particularly in emerging economies such as China and India. Rising population, increasing disposable income, and government initiatives supporting construction projects have fueled the demand for construction adhesives in the region. Additionally, Asia Pacific is a hub for manufacturing and export-oriented industries, which drives the demand for adhesives in various applications such as automotive, electronics, and packaging.
Global Construction Adhesives By Geography, 2024-2031
- Largest
- Fastest
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Global Construction Adhesives Market Dynamics
Construction Adhesives Market Drivers
Growing preference for adhesive bonding over traditional mechanical fastening
- The global construction adhesives market is experiencing growth due to a rising inclination towards adhesive bonding as a preferred method over traditional mechanical fastening. Adhesive bonding offers numerous advantages such as enhanced aesthetics, improved load distribution, minimize material waste, and increased durability. This shift in preference towards adhesive bonding across various construction applications is driving the demand for construction adhesives.
Construction Adhesives Market Restraints
Volatility in raw material prices
- Construction adhesives are formulated using a range of raw materials, including polymers, resins, and additives. However, the market is impacted by the volatility in the prices of these raw materials. Price fluctuations of raw materials can have a significant effect on the overall production costs of construction adhesives. The uncertainty surrounding raw material prices poses a challenge to the profitability of manufacturers in the construction adhesive industry. They must manage and mitigate these price fluctuations to maintain stable operations and competitiveness.
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Global Construction Adhesives Market Competitive Landscape
The global construction adhesives market is highly competitive, driven by the increasing demand for effective bonding solutions in the construction industry. The market landscape is characterized by the presence of several key players, both multinational corporations and regional manufacturers, competing to gain a larger market share. These players focus on product development, innovation, strategic partnerships, and expansion strategies to strengthen their foothold in the market.
Construction Adhesives Market Top Player’s Company Profiles
- Henkel AG & Co. KGaA (Germany)
- 3M Company (US)
- Sika AG (Switzerland)
- H.B. Fuller Company (US)
- Bostik SA (France)
- Dow Chemical Company (US)
- BASF SE (Germany)
- Avery Dennison Corporation (US)
- Mapei S.p.A (Italy)
- Permabond LLC (UK)
- DAP Products Inc. (US)
- Franklin International (US)
- ITW Performance Polymers (US)
- Momentive Performance Materials Inc. (US)
- Pidilite Industries Limited (India)
- Hexion Inc. (US)
- Jowat SE (Germany)
- Arkema Group (France)
- Huntsman Corporation (US)
- LORD Corporation (US)
Construction Adhesives Market Recent Developments
- In May 2023, Henkel announced the launch of its new construction adhesive, Loctite Powerbond Instant Adhesive. This adhesive is designed to provide a strong, instant bond to a variety of materials, including wood, metal, and plastic.
- In April 2023, 3M announced the expansion of its construction adhesives portfolio with the launch of 3M Scotch-Weld™ Structural Adhesive DP450. This adhesive is designed for use in structural applications, such as joining steel beams and columns.
- In March 2023, Sika announced the launch of its new construction adhesive, SikaBond® FastFix. This adhesive is designed for use in fast-paced construction applications, such as the installation of windows and doors.
- In February 2023, Bostik announced the launch of its new construction adhesive, Bostik Power Grab PRO. This adhesive is designed for use in high-performance applications, such as the installation of flooring and roofing materials.
- In January 2023, Dow Corning announced the launch of its new construction adhesive, Dow Corning® 733. This adhesive is designed for use in a variety of applications, including the installation of windows and doors, and the bonding of concrete and masonry.
Global Construction Adhesives Key Market Trends
- Increasing demand for sustainable and environmentally friendly adhesive solutions: With growing awareness of environmental issues and the need for sustainable construction practices, there is a shift towards using adhesives that have minimal impact on the environment. Manufacturers are focusing on developing eco-friendly construction adhesives that are low in volatile organic compounds (VOCs), free from hazardous substances, and have reduced carbon footprints. These adhesives not only meet stringent environmental regulations but also provide improved indoor air quality and contribute to green building certifications.
Global Construction Adhesives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the Global Construction Adhesives Market analysis, the market is experiencing significant growth due to the increasing demand for adhesive solutions in the construction industry. Factors such as urbanization, infrastructure development, and renovation projects are driving the need for high-performance adhesives in various construction applications. The report highlights the rising adoption of construction adhesives in applications such as flooring, roofing, insulation, paneling, and tile installation. In terms of product types, the report analyzes a wide range of construction adhesives, including reactive adhesives, water-based adhesives, solvent-based adhesives, and others.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 14.5 billion |
| Market size value in 2031 | USD 23.08 billion |
| Growth Rate | 5.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Construction Adhesives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Construction Adhesives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Construction Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Construction Adhesives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Construction Adhesives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Construction Adhesives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Construction Adhesives Market Report Snapshots
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