Construction Adhesives Market Analysis | 2024-2030

Market Insights

"The construction adhesives market was estimated at USD 10.7 billion in 2023 and is likely to grow at a CAGR of 5.06% during 2024-2030 to reach USD 15.15 billion in 2030".

Want to know more about the market scope? Register Here

Market Dynamics

Introduction

The construction adhesives market is a vital sector within the construction industry, encompassing a wide range of adhesive products designed for bonding various building materials. These adhesives play a crucial role in enhancing the structural integrity, durability, and efficiency of construction projects. They are used in applications like subflooring and flooring installation, drywall attachment, roofing, tiling, insulation, masonry, and more.

Construction adhesives offer several advantages, including ease of application, improved structural stability, and reduced reliance on traditional mechanical fasteners like nails and screws. They contribute to creating more energy-efficient and environmentally friendly buildings by improving insulation and reducing thermal leakage.

Market Drivers

The market includes a variety of adhesive types, such as acrylic, polyurethane, epoxy, and silicone adhesives, each tailored to specific construction needs. Growth in the construction adhesives market is closely tied to the overall health of the construction industry. Factors influencing this market's growth include increased urbanization, renovation and remodeling activities, technological innovations in adhesive formulations, and a growing emphasis on sustainable and eco-friendly construction practices.

Want to have a closer look at this market report? Click Here

As construction continues to be a vital sector worldwide, the construction adhesives market is expected to evolve, adapting to new building materials, design trends, and environmental regulations. A surge in construction activities, driven by urbanization, population growth, and infrastructure development, contributes to the growing demand for construction adhesives. As more buildings, roads, bridges, and other structures are constructed or renovated, the market for adhesives expands. Construction adhesives offer the advantage of replacing or reducing the use of traditional mechanical fasteners like nails and screws. This not only saves time during construction but also provides cleaner, more aesthetically pleasing finishes.

Segment Analysis

By Resin Type

Based on the resin type, the construction adhesives market is segmented into acrylic, PVA, PU, epoxy, and others.  Polyurethane (PU) dominates the resin-type segment in the market for several reasons. PU adhesives offer exceptional bonding strength, flexibility, and durability, making them suitable for a wide range of applications. They provide excellent adhesion to various substrates, including wood, metal, concrete, and plastics, making them versatile. Additionally, PU adhesives are known for their ability to withstand extreme temperatures, moisture, and other environmental factors, which is crucial in construction. Moreover, PU adhesives have low volatile organic compound (VOC) emissions, aligning with the industry's increasing focus on eco-friendly and sustainable building practices. This combination of performance and environmental benefits has made PU a dominant choice in construction adhesives.

By Technology Type

Based on the technology type, the market is segmented into waterborne, reactive, solvent-borne, and others. The waterborne segment of the market holds a major share in the technology segment for several key reasons. Waterborne adhesives are highly favored due to their eco-friendly nature, as they have lower volatile organic compound (VOC) emissions compared to solvent-based alternatives. They align with stringent environmental regulations and safety standards. Additionally, waterborne adhesives offer ease of use, fast curing times, and good adhesion properties, making them versatile for a wide range of construction applications. With the industry's increasing emphasis on sustainability and health and safety, waterborne technology has become the preferred choice, driving its significant market share in the construction adhesive sector.

By End-Use Sector Type

Based on the end-use sector type, the market is segmented into residential, non-residential, and infrastructure. The residential segment holds the major market share in the market because of increased housing demand driven by population growth and urbanization. Homeowners and contractors use adhesives for flooring, wall applications, tiling, and insulation in residential construction. Renovation and remodeling projects further contribute to the strong demand for construction adhesives in this sector.

By Application Type

Based on the application type, the market is segmented into countertop & drywall lamination flooring, roofing, manufactured housing, panels, concrete, and joint cement. Countertop & drywall lamination flooring in the market is experiencing major growth due to the demand for aesthetically pleasing and durable surfaces in residential and commercial spaces. Adhesives are crucial for secure bonding, enhancing the appeal of countertops, and achieving seamless finishes in drywall lamination flooring.

Regional Insights

In terms of regions, Europe holds a major share in the construction adhesives market due to several factors. Firstly, it has a well-established and mature construction industry with a high demand for adhesives. Additionally, stringent environmental regulations in Europe have driven the adoption of eco-friendly, low-VOC adhesives, aligning with sustainability trends. The region's focus on energy-efficient building practices and the renovation of older structures boost adhesive demand. Furthermore, Europe is known for its advanced research and development in adhesive technology, producing innovative products. These factors combined with a strong economy and infrastructure development contribute to Europe's leadership in the construction adhesives market.

Know the high-growth countries in this report. Register Here

Key Players

The following are the key players in the Construction Adhesives Market:

• H.B. Fuller Company
• 3M
• Sika AG
• Dow Inc.
• Bostik (Arkema Group)
• Henkel AG & Co. KGaA
• Franklin International, Inc.
• Avery Dennison Corporation
• Illinois Tool Works Incorporation
• DAP Products Inc.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s Construction Adhesives Market realities and future market possibilities for the forecast period.
• The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
• The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
• We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com