Construction Adhesives Market
Construction Adhesives Market Forecasts to 2028 - Global Analysis By Resin Type (Polyvinyl Acetate (PVA), Polyurethanes, Epoxy, Acrylics, Silicones), Technology (Water-borne, Reactive, Hot-metal), Application (Panels, Concrete, Countertop & Drywall Lamination Flooring, Manufactured Housing, Roofing, Joint Cement), End User (Industrial, Commercial, Infrastructure, Residential) and Geography
Years Covered |
2020-2028 |
Estimated Year Value (2022) |
US $12.98 BN |
Projected Year Value (2028) |
US $19.48 BN |
CAGR (2022 - 2028) |
7% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Construction Adhesive Market is accounted for $12.98 billion in 2022 and is expected to reach $19.48 billion by 2028 growing at a CAGR of 7% during the forecast period. Construction adhesive is a versatile adhesive that may be used to walls, ceilings and floors to attach plasterboard, tile, mouldings and fittings. It most frequently appears in caulking gun-compatible tubes. The implementation of construction adhesives for structural and non-structural binding on construction sites is becoming more crucial as a result of new building materials, new building techniques, and tightening time restrictions.
According to the United Nations' infrastructure report for 2021, increased infrastructure investments can add 0.6% to global GDP. This increase may be greater in some nations, such as the United States and Brazil, where it may reach 1.3% and 1.5%, respectively.
Market Dynamics:
Driver:
Growing need for construction adhesives in residential housing & infrastructure markets
Wallpaper installation, carpet installation, exterior insulation systems, and tile installation are just a few of the uses for construction adhesives. These uses have accelerated the market expansion for construction adhesives. The need for adhesives in expansion joints, panels, flooring, and other applications is being driven by the increase of infrastructure investments such as dams, metro stations, bridges, and airports. Additionally, the increase in middle-class people has led to a peak in housing demand, which is predicted to drive the expansion of the construction adhesive market.
Restraint:
Established infrastructure in developed countries & Stringent Regulations
The infrastructure for the public, commercial, and transportation sectors has been constructed in industrialised nations including the United States, Germany, the United Kingdom, Japan, and other Western European nations. There is little room for fresh development activity in these nations due to their existing infrastructure. Additionally, infrastructures are constructed to last for a longer time, which limits the market for construction adhesives' potential for expansion. Agencies like the Epoxy Resin Committee (ERC), the European Commission (EC), and others control the production of items using solvents in the area. These rules are impeding the expansion of the construction adhesives industry. Earnings for the participants' companies are being constrained by their inability to completely change their attention to producing green and eco-friendly goods.
Opportunity:
Government Support for Infrastructure Project Expenditures
The primary factors for the phenomenal growth of the construction adhesives industry have been increased demand from the non-residential and residential sectors, government incentives for affordable housing to boost building activity, and ongoing infrastructure projects. The need for adhesives has grown in APAC nations as a result of the introduction of new end-use activities such as new building works, repairs, maintenance, and rehabilitation of floors, roofing, wall coverings, beams, and airport construction, among others.
Threat:
Environmental rules in European and North American countries
Manufacturers in Europe and North America are switching to environmentally friendly construction adhesives solutions for a variety of applications as a result of escalating environmental issues and regulatory laws. The environmental safety regulations are quite rigorous in North America, Europe, and APAC, and solvent-borne construction adhesives have been banned in many nations. Environmental laws governing petro-based and chemical goods apply in North America and Europe. The market for construction adhesives is struggling to expand as a result of these regulations. The participants are limiting their company's earnings since they are unable to completely shift their attention to producing green and environmentally friendly items.
Covid-19 Impact
The global market for construction adhesive has been negatively impacted by the COVID-19 epidemic. It is projected that the pandemic's effects on commercial and other industrial activity would hinder the expansion of the construction sector. Construction material suppliers in Singapore, France, Germany, and other nations have suffered tremendously as a result of COVID-19. The market share of construction adhesives may soon be restricted due to supply concerns and price increases in this industry. Construction materials may become more in demand over the next years as a result of the emerging economies' slow but gradual recovery of their public and commercial infrastructure projects. Additionally, a scarcity of raw materials will restrict the growth of the construction adhesive market globally.
The polyvinyl acetate (PVA) segment is expected to be the largest during the forecast period
The polyvinyl acetate (PVA) segment is estimated to have a lucrative growth, due to its high flexibility and great strength, which make it perfect for bonding, sealing, and dust proofing applications. Due to its exceptional weather protection and resistance to water, oil, grease, and petroleum fuels, polyvinyl acetate adhesives are used extensively in the wood sector. Additionally, it has qualities like excellent initial tack, an undetectable bond line, resistance to biodegradation, softening at 30-45C, and is highly affordable.
The Residential segment is expected to have the highest CAGR during the forecast period
The Residential segment is anticipated to witness the fastest CAGR growth during the forecast period, due to Government subsidies and incentives for first-time homeowners in both developed and developing nations have had a favourable impact on the sector's expansion. Concrete, ceramic tile, heating, ventilation, and air conditioning applications all require construction adhesives. One-component, gun-grade, moisture-cured polyurethane elastomeric adhesives with accelerated curing times are used in residential construction.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the significant local and international manufacturers' presence and their extensive distribution networks in developing nations like China and India. The Asia Pacific construction adhesives market is anticipated to rise significantly as a result of the region's rising demand for construction adhesives as a result of the region's rising industrialization level and increased consumption of these goods.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. The requirement for polyurethane adhesives in building and construction applications has increased due to the rise in non-residential construction demand and the increase in consumer expenditure on home furnishings. Following the epidemic, the sector's expansion rate has increased, and continued infrastructure investments and smart city initiatives will strengthen the sector.
Key players in the market
Some of the key players profiled in the Construction Adhesives Market include Don Construction Products (DCP) Limited, Franklin International, Inc., Dow, Wacker Chemie AG, Huntsman International LLC, H.B. Fuller Company, Covestro, Mactac, Adhesive Technologies Corp., 3M, Lord Corp. (Parker Hannifin Corp.), Sika AG, BASF and DAP Products.
Key Developments:
In July 2021, H.B. Fuller Company and Covestro joined forces to make adhesives more sustainable.
In December 2020, H.B. Fuller Company introduced extreme cold resistant adhesives for the pharmaceutical industry.
Resin Types Covered:
• Polyvinyl Acetate (PVA)
• Polyurethanes
• Epoxy
• Acrylics
• Silicones
• Other Resin Types
Technologies Covered:
• Water-borne
• Reactive
• Hot-metal
• Other Technologies
Applications Covered:
• Panels
• Concrete
• Countertop & Drywall Lamination Flooring
• Manufactured Housing
• Roofing
• Joint Cement
• Other Applications
End Users Covered:
• Industrial
• Commercial
• Infrastructure
• Residential
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Construction Adhesives Market, By Resin Type
5.1 Introduction
5.2 Polyvinyl Acetate (PVA)
5.3 Polyurethanes
5.4 Epoxy
5.5 Acrylics
5.6 Silicones
5.7 Other Resin Types
6 Global Construction Adhesives Market, By Technology
6.1 Introduction
6.2 Water-borne
6.3 Reactive
6.4 Hot-metal
6.5 Other Technologies
7 Global Construction Adhesives Market, By Application
7.1 Introduction
7.2 Panels
7.3 Concrete
7.4 Countertop & Drywall Lamination Flooring
7.5 Manufactured Housing
7.6 Roofing
7.7 Joint Cement
7.8 Other Applications
8 Global Construction Adhesives Market, By End User
8.1 Introduction
8.2 Industrial
8.3 Commercial
8.4 Infrastructure
8.5 Residential
8.6 Other End Users
9 Global Construction Adhesives Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Don Construction Products (DCP) Limited
11.2 Franklin International, Inc.
11.3 Dow
11.4 Wacker Chemie AG
11.5 Huntsman International LLC
11.6 H.B. Fuller Company
11.7 Covestro
11.8 Mactac
11.9 Adhesive Technologies Corp.
11.10 3M
11.11 Lord Corp. (Parker Hannifin Corp.)
11.12 Sika AG
11.13 BASF
11.14 DAP Products
List of Tables
1 Global Construction Adhesives Market Outlook, By Region (2020-2028) ($MN)
2 Global Construction Adhesives Market Outlook, By Resin Type (2020-2028) ($MN)
3 Global Construction Adhesives Market Outlook, By Polyvinyl Acetate (PVA) (2020-2028) ($MN)
4 Global Construction Adhesives Market Outlook, By Polyurethanes (2020-2028) ($MN)
5 Global Construction Adhesives Market Outlook, By Epoxy (2020-2028) ($MN)
6 Global Construction Adhesives Market Outlook, By Acrylics (2020-2028) ($MN)
7 Global Construction Adhesives Market Outlook, By Silicones (2020-2028) ($MN)
8 Global Construction Adhesives Market Outlook, By Other Resin Types (2020-2028) ($MN)
9 Global Construction Adhesives Market Outlook, By Technology (2020-2028) ($MN)
10 Global Construction Adhesives Market Outlook, By Water-borne (2020-2028) ($MN)
11 Global Construction Adhesives Market Outlook, By Reactive (2020-2028) ($MN)
12 Global Construction Adhesives Market Outlook, By Hot-metal (2020-2028) ($MN)
13 Global Construction Adhesives Market Outlook, By Other Technologies (2020-2028) ($MN)
14 Global Construction Adhesives Market Outlook, By Application (2020-2028) ($MN)
15 Global Construction Adhesives Market Outlook, By Panels (2020-2028) ($MN)
16 Global Construction Adhesives Market Outlook, By Concrete (2020-2028) ($MN)
17 Global Construction Adhesives Market Outlook, By Countertop & Drywall Lamination Flooring (2020-2028) ($MN)
18 Global Construction Adhesives Market Outlook, By Manufactured Housing (2020-2028) ($MN)
19 Global Construction Adhesives Market Outlook, By Roofing (2020-2028) ($MN)
20 Global Construction Adhesives Market Outlook, By Joint Cement (2020-2028) ($MN)
21 Global Construction Adhesives Market Outlook, By Other Applications (2020-2028) ($MN)
22 Global Construction Adhesives Market Outlook, By End User (2020-2028) ($MN)
23 Global Construction Adhesives Market Outlook, By Industrial (2020-2028) ($MN)
24 Global Construction Adhesives Market Outlook, By Commercial (2020-2028) ($MN)
25 Global Construction Adhesives Market Outlook, By Infrastructure (2020-2028) ($MN)
26 Global Construction Adhesives Market Outlook, By Residential (2020-2028) ($MN)
27 Global Construction Adhesives Market Outlook, By Other End Users (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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