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Construction Adhesive Market

Construction Adhesive Market: Information by Resin Type (Polyurethanes, Polyvinyl Acetate), Technology (Solvent-based, Water-based), and Region — Forecast till 2030

Published At : 23 Aug, 2022
Updated At : 16 Sep, 2022
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Market Snapshot
Base Year:
2021
Study Period:
2020-2030
CAGR:
5.49 %
Fastest Growing Market:
North America
Largest Market:
Asia-Pacific

The global Construction Adhesive Market size was valued at USD 9.6 billion in 2021, and it is anticipated to reach USD 14.72 billion by 2030 at a CAGR of 5.49%. The term "adhesive" refers to any substance that can bind two or more materials together in a helpful way by forming a surface connection resistant to detachment. Cement, mucilage, glue, and paste are all types of adhesives that fall under the umbrella word "adhesive." These names are frequently interchanged to refer to any organic material that may produce an adhesive bond. It is possible to classify inorganic compounds like portland cement as adhesives because they may surface-attach to various materials, such as bricks and beams, which enables the objects to be held together.

An all-purpose adhesive construction glue is applied to walls, ceilings, and floors to affix the drywall, tile, moulding, and other architectural components. It is usually sold in tubes designed to be applied with a pistol explicitly designed for that purpose.

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Market Dynamics

Global Construction Adhesive Market Drivers

Nation-wide increasing infrastructure investments are driving the growth of the market

The demand for construction adhesives is expected to increase over the forecast period due to growing investments in the infrastructure sector worldwide. According to the study that the United Nations plans to release in 2021 on the state of the world's infrastructure, increased investments in the infrastructure sector can add 0.6 percentage points to the GDP of the entire world. This increment may be higher in other countries, such as the United States and Brazil, where it may reach a maximum of 1.3 per cent and 1.5 per cent, respectively. It is anticipated that emerging economies will continue to be important markets for the demand for construction adhesives. It is anticipated that emerging economies will attract sixty per cent of all infrastructure investment.

It is projected that the commercial construction industry will continue to be a primary driver for long-term market expansion in the United States. More than 34.0 per cent of the revenue share was generated in 2021 by the commercial segment. Insulation foams, plastics, wood-based panels, plasterboard panels, and other synthetic raw materials are often bonded together in commercial and residential structures using adhesives. Adhesives are used extensively in both types of buildings.

Growing demand from end-users for quick-fixing, heat- and moisture-resistant adhesives is driving the market growth

Construction adhesive demand is driven by evolving end-user demand for quick-fixing, heat- and moisture-resistant adhesives. The construction industry has grown tremendously during the previous few decades. Various tasks, including waterproofing and roof leak repair, call for the use of construction adhesive.

Construction adhesive is replacing the conventional ways of fastening materials with nuts and bolts, contact cement, and wood glue since they are more expensive, take longer to dry, and ultimately increase manufacturing costs.

Construction adhesive demand has also grown due to rising investment in commercial projects in developing nations. For instance, the UAE government has plans to build a food and agricultural centre that will boost technology use and R&D in agriculture and food processing. Aside from this, small and medium-sized construction projects in emerging nations have supported the need for construction adhesives.

Global Construction Adhesive Market Opportunities

Growing demand for adhesives that are low in volatile organic compounds (VOC), green, and sustainable

Demand for environmentally friendly adhesives or adhesives with low volatile organic compound (VOC) content is driven by the growing trend of adopting environmentally friendly or green products in various applications. REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) of the European Union, LEED (Leadership in Energy and Environmental Design), and other regional regulatory authorities have implemented strict regulations that force manufacturers to produce environmentally friendly adhesives with low levels of volatile organic compounds (VOCs). USEPA (VOC). The sector now has an excellent chance for growth as a result of the change toward a product portfolio that is more environmentally friendly.

The top companies in the market produce building adhesives that are kind to the environment. These ecologically friendly adhesive solutions are developed from components that are either renewable, recycled, remanufactured, or biodegradable. Utilizing these items that are friendly to the environment also benefits the inhabitants' health.

Global Construction Adhesive Market Restraints

North American and European countries' environmental laws

There has been a shift toward environmentally-friendly construction adhesives materials in North America and Europe because of environmental awareness and government restrictions. Henkel's OSI Green Series offers eco-friendly caulks, sealants, and adhesives for the green building process. Additionally, Franklin International produces Titebond GREENchoice building adhesives, which are environmentally friendly. Solventborne construction adhesives have been outlawed in several nations across North America, Europe, and some of APAC due to tighter environmental protection rules. Construction adhesives with less than 10% VOC content are increasingly necessary worldwide.

Environmental laws rigorously control the manufacture of chemical and petroleum-based products in Europe and North America. The production of solventborne goods in these areas is regulated by organizations like the Epoxy Resin Committee (ERC), the European Commission (EC), and other regulatory authorities. These limitations are constraining the market for building adhesives. The businesses' inability to completely turn their attention to producing eco-friendly and green items is also hurting their ability to generate cash.

Segmentation of the Global Construction Adhesive Market

The global market for construction adhesive is divided into four parts based on resin type, technology, application and region. Further, based on the resin type, the market is divided into Polyurethanes, Polyvinyl Acetate, Acrylic, Epoxy, and Others. Acrylic accounted for more than 45.0 per cent of the global market's sales in 2021. Due to their remarkable bonding capabilities, strong impact resistance, and superior water resistance, acrylic adhesives are becoming increasingly popular in the construction industry.

According to technology, solvent-based, water-based, and reactive & other technologies are the three main segments of the market. In terms of revenue, water-based products held about 44.0% of the global market in 2021. Products manufactured with this technology have more excellent moisture resistance than products made with other adhesives, which is anticipated to aid the segment's expansion. Vendors of water-based construction adhesives may find new markets through new product development and increased R&D spending.

According to application, commercial, residential, and industrial segments are the market segments. Residential had a market share of more than 32.0 per cent in terms of volume in 2021. It is anticipated that incentives for first-time homebuyers will benefit the global residential construction industry. For instance, the Canadian government created a tax-free first home savings account in the budget for 2022. It can help first-time homeowners save up to USD 40,000.

According to the region, the market is divided into North America, Europe, Asia-Pacific, South America and the Middle East & Africa. The region, Asia-Pacific, accounted for the largest market share.

Regional Analysis of the Global Construction Adhesive Market

According to the region, the market is divided into North America, Europe, Asia-Pacific, South America and the Middle East & Africa.

Construction Adhesive Market Regional Analysis

Regional Growth Insights Request Sample Pages

The construction adhesive market in Asia - Pacific Region is the most lucrative worldwide. Asia-Pacific is responsible for more than 30% of the global construction adhesive market. Demand in the Asia Pacific region is expected to rise quickly over the projection period.

In the Asia Pacific region, the market for construction adhesive is dominated by India and China. The expansion of the construction sector in India has been a driving force behind developing the construction adhesives market. For example, recently, the Chinese government decided to create an urban rail transit system in Wuhan, which will include four metro lines and four urban express lines. It will be done in the central Chinese city of Wuhan. The need for construction adhesive in the country will continue to benefit from projects of this nature.

In addition, the government of India has proposed the construction of a six-lane expressway that will connect cities with metro cities. In addition, India's Pradhan Mantri Awas Yojana program has declared intentions to build 2 crore new homes. This initiative is designed to give low-income urban residents a place to live at a price they can afford, and it will directly impact the expansion of the market for construction adhesives.

The construction industry in North America is one of the largest in the world and has a substantial impact on global GDP. Robust economic expansion, an increase in new households, and cheap mortgage rates are the main drivers of residential construction growth. A drop in demand for multi-family housing is expected to have a moderate impact on residential buildings during the forecast timeframe.

Key Manufacturers in the Global Construction Adhesive Market

Some key players dealing in the global construction adhesive market are

  • Gorilla Glue Inc.
  • Bostik
  • Huntsman Corporation
  • Hexcel
  • Sika AG
  • H.B. Fuller
  • DAP Products
  • Illinois Tool Works Inc
  • Henkel
  • 3M
  • Polymeric Systems, Inc
  • Kenneth Crosby
  • Acoustical Surfaces, Inc
  • McCoy Soudal
  • American Chemical
  • BASF SE, Dow
  • Benson Polymers Limited
  • Master Bond Inc., and AVERY DENNISON CORPORATION

Recent Developments

  • In January 2022,B. Fuller Company acquired Apollo, the UK's largest independent manufacturer of liquid adhesives, coatings, and primers for the roofing, industrial, and construction markets.
  • May 2022, the SG6518 and SG6520 under its Supergrip® adhesive solutions range are the newest smart adhesive solutions from Bostik, a top global adhesive provider.
  • In December 2021, Hexcel and METYX will collaborate for the wind energy sector to develop high-performance carbon pultruded profiles utilizing polyurethane resin and unidirectional carbon fibre.
  • In December 2021, Sika opened a technology centre and increased the production of adhesives and sealants in India.

Global Construction Adhesive Market: Segmentation

By Resin Type

  • Polyurethanes
  • Polyvinyl Acetate
  • Acrylic
  • Epoxy
  • Others

By Technology

  • Solvent-based
  • Water-based
  • Reactive & Others

By Application

  • Commercial
  • Residential
  • Industrial

By Region

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • The Middle East & Africa
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