Global Construction Adhesives Market

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

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.

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FAQs

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 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. '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)'

The 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.

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.

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.

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Global Construction Adhesives Market

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