USD 14.5 billion
Report ID:
SQMIG20B2047 |
Region:
Global |
Published Date: November, 2024
Pages:
157
|Tables:
68
|Figures:
75
Construction Adhesives Market size was valued at USD 15.27 Billion in 2023 and is poised to grow from USD 16.08 Billion in 2024 to USD 24.3 Billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).
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.
Global Market Size
USD 14.5 billion
Largest Segment
Water-based adhesives
Fastest Growth
hot-melt adhesives
Growth Rate
5.3% CAGR
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Global Construction Adhesives Market is segmented by Type, by Technology, by Application, by End Use, and by Region. Based on Type, the market is segmented into Acrylic, PVA, PU, Epoxy, Others. Based on Technology, the market is segmented into Waterborne, Reactive, Solventborne, Others. Based on Application, the market is segmented into Countertop & Drywall Lamination Flooring, Roofing, Manufactured Housing, Panels, Concrete, Joint Cement. Based on End User, the market is segmented into Residential, Non-Residential, Infrastructure. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
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.
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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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Construction Adhesives Market Drivers
Growing preference for adhesive bonding over traditional mechanical fastening
Construction Adhesives Market Restraints
Volatility in raw material prices
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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
Construction Adhesives Market Recent Developments
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 2022 | USD 14.5 billion |
Market size value in 2031 | USD 23.08 billion |
Growth Rate | 5.3% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 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 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.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Construction Adhesives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
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Report ID: SQMIG20B2047
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