Construction Adhesives Market Size, Share, Growth Analysis, By Type(Water-Based Adhesives, Solvent-Based Adhesives, Reactive Adhesives, Hot-Melt Adhesives and Others), By Application(Flooring and Tiles, Concrete and Mortar, Windows and Doors, Insulation), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Construction Adhesives Market?

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. '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)'

Report ID: SQMIG20B2047 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 68 | Figures: 75

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.

Construction Adhesives Market Report Snapshots

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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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Construction Adhesives Market Size, Share, Growth Analysis, By Type(Water-Based Adhesives, Solvent-Based Adhesives, Reactive Adhesives, Hot-Melt Adhesives and Others), By Application(Flooring and Tiles, Concrete and Mortar, Windows and Doors, Insulation), By Region - Industry Forecast 2024-2031

Construction Adhesives Market Dynamics

Construction Adhesives Market Report Snapshots

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Who are the key vendors in the Construction Adhesives Market?

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