Global Construction Adhesive Market By Type (Acrylic, Polyurethane, Polyvinyl Acetate, and Epoxy), By Application (Onsite, Offsite, and Civil), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2031
- Published date: April 2023
- Report ID: 28176
- Number of Pages: 231
- Report overview
- Global Construction Adhesive Market Scope:
- Resin Type Analysis:
- Technology Analysis
- Application Analysis
- Market Segments:
- Market Dynamics:
- Regional Analysis
- Key Regions and Countries Covered in the Report:
- Market Share Analysis and Key Companies
- Key Market Players included in the Report:
- Rеаѕоnѕ tо Gеt thіѕ Rероrt:
- What are the Key Data Covered in this construction adhesive Market Report?
- Тhе аnаlуѕіѕ оbјесtіvеѕ оf thе rероrt аrе:
The global construction adhesive market was valued at US$ 8,955 million in 2021. It is expected to grow at a compound annual rate (CAGR of 5.8%) between 2023 and 2032.
The demand for construction adhesives will rise due to increasing infrastructure investments worldwide. According to the United Nations report on infrastructure in 2021 (UNRi), increasing infrastructure investments can increase the global GDP by 0.6%. In some countries, such as Brazil and the U.S., this can increase even more, with an average of 1.3% and 1.5% respectively. As 60% of infrastructure investment will be attracted to emerging economies, it is expected that these countries will continue to be key markets for construction adhesives.
Global Construction Adhesive Market Scope:
Resin Type Analysis:
Acrylic accounted for 45.0% of the global market’s revenue share in 2021, making it the largest segment. Because of their exceptional bonding properties and high impact strength, as well as being water-resistant, acrylic adhesives are increasingly preferred in the construction industry. This segment is expected to grow at 5.1% between 2022 and 2032.
Epoxies, which are structural adhesives, are expected to see a 4.8% increase in revenue during the forecast period. These adhesives can be used to bond various substrates in construction. These adhesives are used for laminated woods such as roofs, decks and walls. They are highly resistant to heat and chemicals and can be used to bond metal, glass, wood and other plastics.
The polyurethanes market accounted for over 11.0% of the total volume in 2021. It is expected to continue growing at a rapid pace. The adhesives of polyurethane are paintable and can be used in both hot and cold environments. They can be used for both interior and exterior construction.
Water-based products made up nearly 44.0% of the global market’s revenue in 2021. This technology has a higher moisture resistance than other adhesives. This will likely contribute to the growth in the market. Vendors of water-based construction adhesives will likely have new opportunities due to product development and increased R&D expenditure. Solvent-based products are highly-performative in construction and will likely see lucrative growth over the projected period. This segment is expected to continue seeing positive growth in both structural and non-structural markets.
Market players are investing in R&D to develop advanced solutions that will increase their market share. Because of their excellent bond strength and durability in harsh environments, reactive adhesives are expected to see healthy growth.
The residential segment held a 32.0% market share in volume in 2021. The residential construction sector is expected to benefit from incentives for first-time home buyers around the world. The Canadian government introduced a tax-free First Home Savings account in its 2022 budget. This will allow first-time homebuyers to save USD 40,000. From 2022 to 2030, the commercial segment will experience a 5.6% growth in revenue. Incentives and government packages are expected to increase infrastructure and the residential sector, positively impacting the growth of the construction adhesive market. Mexico, for example, is creating a multi-billion infrastructure package to support investment in roads, ports, energy and telecommunications.
In 2021, the revenue share for industrial applications was over 30%. The industrial segment is expected to grow in the future by increasing FDIs, especially in emerging countries. In December 2021, for example, the Maharashtra government signed MoUs in India worth approximately USD 659.7 million in various sectors, including steel, electric cars, space, research, food processing and ethanol production.
By Resin Type
Other Resin Types
Commercial construction is expected to drive the U.S. market’s long-term growth. It is predicted to grow at a moderate CAGR during the forecast period, accounting for over 34.0% of the U.S. market revenue share. Adhesives are widely used in commercial and residential buildings to bond insulation foams, plastics, and wood-based panels to plasterboard and other synthetic raw material.
The country’s infrastructure investments will likely increase the demand for adhesives in the future. The U.S. government announced in June 2021 a USD1.2 trillion infrastructure plan to help the country’s growth. This plan invests in transportation, water management and broadband telecommunications.
For the most part, non-residential spending remained flat for 2021. The largest y-o-y drop in July 2021 was seen in offices, healthcare and transportation. As compared to pre-pandemic levels the overall spending fell by 11% in July 2021. However, infrastructure funding will likely increase spending in the coming years. Despite the difficulties in the supply chain such as higher prices for raw materials and building materials, non-availability and lack of skilled labour force and high costs of raw materials, the residential sector is expected to see steady growth. Strong demand for larger houses, low housing stock and low mortgage rates in the U.S. are all key factors supporting residential construction.
Europe accounted for 34.0% in 2021. In 2020, Europe spent flat on infrastructure. It saw an increase of 1.5% y/o in November 2021 compared to last year. The EU Construction Outlook Report predicts that construction will grow by 2.5% between 2021 and 2022.
The Asia Pacific was the largest market region and is expected to maintain its dominance over the forecast period. China is the world’s largest consumer of adhesives used in construction. It held a market share exceeding 20% by 2021. Massive infrastructure investments will promote construction adhesives. China’s state railway operator, August 2020, announced plans to double China’s high-speed rail network within the next 15 years.
North America’s construction sector is a major contributor to global GDP. The key factors driving residential construction growth are strong economic growth, increased household formation, and low mortgage interest rates. The forecast period will see a decline in multi-family housing demand, which could have a moderate impact on residential construction.
Key Regions and Countries Covered in the Report:
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Rest of MEA
Construction adhesive market players are focused on developing new products that are environmentally friendly and emit low VOC emissions. They are also focusing on products that can bond to different substrate types, have high bonding strength and provide consistent performance.
Market players will continue to be focused on the development of eco-friendly products. These products have a minimal environmental impact and will see a rise in product demand in the future.
The following are some of the major players in the global market for construction adhesive:
Key Market Players included in the Report:
DAP Products, Inc.
Henkel AG & Co. KGaA
Illinois Tool Works
Other Key Players
Rеаѕоnѕ tо Gеt thіѕ Rероrt:
Іn аn іnѕіght оutlооk, thіѕ rеѕеаrсh rероrt hаѕ dеdісаtеd tо ѕеvеrаl quаntіtіеѕ оf аnаlуѕіѕ іnduѕtrу rеѕеаrсh аnd construction adhesive Маrkеt ѕhаrе аnаlуѕіѕ оf hіgh рlауеrѕ, аlоng wіth соmраnу рrоfіlеѕ, аnd whісh соllесtіvеlу іnсludе аbоut thе fundаmеntаl оріnіоnѕ rеgаrdіng thе mаrkеt lаndѕсаре; еmеrgіng аnd hіgh-grоwth ѕесtіоnѕ оf construction adhesive Маrkеt; hіgh-grоwth rеgіоnѕ; аnd mаrkеt drіvеrѕ, rеѕtrаіntѕ, аnd аlѕо mаrkеt trends.
Тhе аnаlуѕіѕ соvеrѕ construction adhesive Маrkеt аnd іtѕ аdvаnсеmеntѕ асrоѕѕ dіffеrеnt іnduѕtrу vеrtісаlѕ аѕ wеll аѕ rеgіоnѕ. Іt tаrgеtѕ еѕtіmаtіng thе сurrеnt mаrkеt ѕіzе аnd grоwth роtеntіаl оf thе glоbаl construction adhesive Маrkеt асrоѕѕ ѕесtіоnѕ ѕuсh аѕ аlѕо аррlісаtіоn аnd rерrеѕеntаtіvеѕ.
Аddіtіоnаllу, thе аnаlуѕіѕ аlѕо hаѕ а соmрrеhеnѕіvе rеvіеw оf thе сruсіаl рlауеrѕ оn thе construction adhesive Маrkеt tоgеthеr ѕіdе thеіr соmраnу рrоfіlеѕ, ЅWОТ аnаlуѕіѕ, lаtеѕt аdvаnсеmеntѕ, аnd buѕіnеѕѕ рlаnѕ.
What are the Key Data Covered in this construction adhesive Market Report?
CAGR of the market during the forecast period 2023-2032
Detailed information on factors that will drive construction adhesive market growth during the next ten years
Precise estimation of the construction adhesive market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behaviour
The growth of the construction adhesive industry across North America, APAC, Europe, South America, & the Middle East, and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of construction adhesive market vendors
Тhе аnаlуѕіѕ оbјесtіvеѕ оf thе rероrt аrе:
То еquіtаblу ѕhаrе іn-dерth іnfо rеgаrdіng thе сruсіаl еlеmеntѕ іmрасtіng thе іnсrеаѕе оf іnduѕtrу (grоwth сарасіtу, trends, drіvеrѕ, аnd іnduѕtrу-ѕресіfіс сhаllеngеѕ аnd rіѕkѕ).
То knоw thе construction adhesive Маrkеt bу ріnроіntіng іtѕ mаnу ѕubѕеgmеntѕ.
То рrоfіlе thе іmроrtаnt рlауеrѕ аnd аnаlуzе thеіr grоwth рlаnѕ.
То еndеаvоr thе аmоunt аnd vаluе оf construction adhesive ѕub-mаrkеtѕ, dереndіng оn kеу rеgіоnѕ (vаrіоuѕ vіtаl ѕtаtеѕ).
То аnаlуzе construction adhesive Маrkеt соnсеrnіng grоwth trеndѕ, рrоѕресtѕ, аnd аlѕо thеіr раrtісіраtіоn іn thе еntіrе ѕесtоr.
То ехаmіnе аnd ѕtudу thе construction adhesive Маrkеt ѕіzе (vоlumе & vаluе) frоm thе соmраnу, еѕѕеntіаl rеgіоnѕ/соuntrіеѕ, рrоduсtѕ, аnd аррlісаtіоn, bасkgrоund іnfоrmаtіоn frоm 2012 tо 2018, аnd аlѕо рrеdісtіоn tо 2028.
Рrіmаrу wоrldwіdе construction adhesive Маrkеt mаnufасturіng соmраnіеѕ, tо ѕресіfу, сlаrіfу аnd аnаlуzе thе рrоduсt ѕаlеѕ аmоunt, vаluе аnd mаrkеt ѕhаrе, mаrkеt rіvаlrу lаndѕсаре, ЅWОТ аnаlуѕіѕ аnd dеvеlорmеnt рlаnѕ nехt соmіng уеаrѕ.
То ехаmіnе соmреtіtіvе рrоgrеѕѕ ѕuсh аѕ ехраnѕіоnѕ, аrrаngеmеntѕ, nеw рrоduсt lаunсhеѕ, аnd асquіѕіtіоnѕ оn thе mаrkеt.
For the Construction Adhesive Market research study, the following years have been considered to estimate the market size:
Attribute Report Details
Short Term Projection Year
Long Term Projection Year
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
North America, Europe, Asia-Pacific, South America, Middle East & Africa
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)Q: What is the construction adhesive market size?
A: The construction adhesive market growth will increase by $8,955 million during 2023-2032.Q: What is the CAGR for the construction adhesive market?
A: The construction adhesive market is expected to grow at a CAGR of 5.8% during 2023-2032.Q: What are the segments covered in the construction adhesive market report?
A: Market.US has segmented the Global Construction Adhesive Market Value (US$ Mn) Analysis by Region, 2022 market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By resin type, market has been segmented into Acrylic, Polyurethanes, Polyvinyl Acetate, Epoxy, Other Resin Types, by application, market has been further divided into Residential, Commercial, Industrial. Moreover, by technology, market has been segmented into, Acrylic, Polyurethanes, Polyvinyl Acetate, Epoxy, & Other Applications.Q: Who are the key players in the construction adhesive market?
A: 3M Company, Bostik SA, DAP Products, Inc., H.B. Fuller, Henkel AG & Co. KGaA, Sika AG, Dow Chemical, DАР Products, Franklin International, Illinois Tool Works, Avery Dennison, Other Key Players, are the key vendors in the construction adhesive market.Q: Which region is more attractive for vendors in the construction adhesive market?
A: Europe will register the highest revenue share of 34.0% among the other regions. Therefore, the construction adhesive market in North America is expected to garner significant business opportunities for the vendors during the forecast period.Q: What are the key markets for construction adhesive?
A: Key markets for construction adhesive are the U.S., China, Japan, Germany, the UK, India, South Korea, Brazil, and France.Q: Which segment has the largest share in the construction adhesive market?
A: In the construction adhesive market, vendors should focus on grabbing business opportunities from the acrylic segment as it accounted for the largest market share in the base year.
- 3M Company Company Profile
- Bostik SA
- DAP Products, Inc.
- H.B. Fuller
- Henkel AG & Co. KGaA
- Sika AG
- Dow Chemical
- DАР Products
- Franklin International
- Illinois Tool Works
- Avery Dennison
- Other Key Players
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