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Construction Adhesives Market Size (2024 - 2029)

The construction adhesives market is anticipated to experience growth over the forecast period, driven by rising housing and construction projects in emerging economies and increased investments in the construction sector. However, the market's expansion may face challenges due to stringent environmental regulations concerning emissions. The demand for bio-based and hybrid adhesives, along with their role in green construction, presents potential opportunities for market growth. The COVID-19 pandemic has had significant short-term and long-term impacts on the construction industry, affecting the demand for construction adhesives, particularly for non-essential projects.

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Market Size of Construction Adhesives Industry

Construction Adhesives Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.10 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Construction Adhesives Market Analysis

The Construction Adhesives Market size is expected to grow from USD 8.94 billion in 2023 to USD 12.02 billion by 2028, at a CAGR of 6.10% during the forecast period (2023-2028).

The outbreak of COVID-19 brought several short-term and long-term consequences in the construction industry, which is likely to affect the demand for construction adhesives and sealants. According to the Associated General Contractors of America (AGC), there were disruptions to work or canceled projects, and the demand may be potentially less for 'non-essential' projects, like offices, entertainment, and sports facilities. Due to the shutdown of such projects and other construction activities, the demand for construction adhesives tends to constrain.

  • In the short term, major factors driving the market studied are the increase in housing and construction projects in emerging countries and increasing investments in the construction industry.
  • However, stringent environmental regulations related to emissions will likely restrain the market's growth.
  • Increasing demand for bio-based and hybrid adhesives in the construction sector and adhesive contribution to green construction is likely to create opportunities for the market in the future.

Construction Adhesives Industry Segmentation

Construction adhesives are usually used for roofing, waterproofing, cladding, carpet laying, and other insulation applications during construction activities. The market is segmented based on type, application, and geography (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa). The market is segmented by type: water-based, solvent-based, hot melt, reactive, and other types. The market is segmented by application into commercial, residential, infrastructure, industrial, and institutional. The report also covers the market size and forecasts for the Construction Adhesives market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD).

Type
Water-based
Solvent-based
Hot-melt
Reactive
Other Types
Application
Residential
Commercial
Infrastructure
Industrial and Institutional
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Construction Adhesives Market Size Summary

The construction adhesives market is poised for significant growth, driven by increasing housing and construction projects in emerging economies and heightened investments in the construction sector. The market is experiencing a shift due to the COVID-19 pandemic, which caused disruptions and a temporary decline in demand for non-essential construction projects. However, the recovery and expansion of residential construction, fueled by urbanization, population growth, and the trend towards high-rise buildings, are expected to bolster the demand for construction adhesives. The market is also witnessing a growing interest in bio-based and hybrid adhesives, aligning with the broader movement towards sustainable and green construction practices. Despite these positive trends, the market faces challenges from stringent environmental regulations that could potentially hinder growth.

Regionally, the Asia-Pacific area dominates the construction adhesives market, with substantial demand stemming from countries like China and India, where rapid urbanization and economic development are driving construction activities. China's aggressive infrastructure plans and India's burgeoning construction industry are key contributors to the region's market expansion. The global market is characterized by consolidation, with major players such as Henkel, Dow, H.B. Fuller, Arkema Group, and 3M leading the industry. Strategic acquisitions, like Arkema's purchase of Permoseal and H.B. Fuller's acquisition of Apollo, are aimed at strengthening market positions and expanding footprints in key regions. These developments underscore the dynamic nature of the construction adhesives market, with ongoing opportunities for growth and innovation.

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Construction Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Investments in the Construction Industry

      2. 1.1.2 Increase in Housing and Construction Projects in Emerging Countries

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Water-based

      2. 2.1.2 Solvent-based

      3. 2.1.3 Hot-melt

      4. 2.1.4 Reactive

      5. 2.1.5 Other Types

    2. 2.2 Application

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

      3. 2.2.3 Infrastructure

      4. 2.2.4 Industrial and Institutional

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Construction Adhesives Market Size FAQs

The Construction Adhesives Market is projected to register a CAGR of 6.10% during the forecast period (2024-2029)

Dow, 3M, H.B. Fuller Company, Bostik and Henkel Adhesives Technologies India Private Limited are the major companies operating in the Construction Adhesives Market.

Construction Adhesives Market Report Snapshots

Construction Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)