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Construction Adhesives & Sealants Market Size

The construction adhesives and sealants market is projected to experience significant growth over the forecast period, driven by a rebound in demand following the COVID-19 pandemic. The market's expansion is supported by increased construction activities, particularly in the Asia-Pacific region, which holds the largest demand share due to extensive construction projects in countries like China and India. Acrylic resin-based products currently dominate the market share, with silicone resin-based products expected to grow at a faster rate. The market's recovery and growth are further bolstered by government support schemes and infrastructure investments, particularly in Europe, South America, and Asia-Pacific.

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Market Size of construction adhesives & sealants Industry

Construction Adhesives & Sealants Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 17.22 Billion
svg icon Market Size (2028) USD 21.73 Billion
svg icon Largest Share by Resin Polyurethane
svg icon CAGR (2024 - 2028) 5.99 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Construction Adhesives & Sealants Market Analysis

The Construction Adhesives & Sealants Market size is estimated at 17.22 billion USD in 2024, and is expected to reach 21.73 billion USD by 2028, growing at a CAGR of 5.99% during the forecast period (2024-2028).

17.22 Billion

Market Size in 2024 (USD)

21.73 Billion

Market Size in 2028 (USD)

5.53 %

CAGR (2017-2023)

5.99 %

CAGR (2024-2028)

Largest Market by Technology

43.63 %

value share, Sealants, 2023

Globally, sealants registered the highest market share due to their wide applications in the building and construction industry, including joint sealing, insulation, curtain wall, facade, and glazing.

Largest Market by Resin

24.63 %

value share, Polyurethane, 2023

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Polyurethane resins hold the largest market share owing to their wide applications as adhesives and sealants in the building and construction industry, specifically for both interior and exterior applications.

Largest Market by Region

37.76 %

value share, Asia-Pacific, 2023

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The Asia-Pacific region is the largest regional segment, driven mainly by the demand for residential and commercial construction in countries including India, China, South Korea, Thailand, and Japan.

Fastest Growing Market by Region

6.74 %

Projected CAGR, Asia-Pacific, 2024-2028

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Due to the increasing population and rapid urbanization in countries such as China, India, Indonesia, and Malaysia, the Asia-Pacific region is projected to be the fastest-growing region in the market during the forecast period.

Leading Market Player

9.69 %

market share, Sika AG, 2021

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Sika AG has been witnessing increasing volume sales globally due to the popularity of its products, specifically polyurethane-based technology, in the building and construction industry.

Infrastructure projects to support the growth of construction adhesives and sealants

  • Globally, the most prominent are adhesives and sealants based on polyurethane, acrylic, silicone, and polysulphide resins. Global demand for these products witnessed slow growth during 2017-2019 due to a decline in construction activities in the Asia-Pacific and European regions. The demand from these two regions recorded CAGRs of -1.82% and 0.73%, respectively, in this period. The demand for construction adhesives and sealants declined in 2020 from all regions due to a shortage of raw materials, workers, and other factors due to the COVID-19 pandemic. Among all resins, the demand for adhesives based on cyanoacrylate resins took the worst hit and declined by 6.19% compared to 2019.
  • In 2021, as restrictions eased, the demand for construction adhesives and sealants quickly rebounded to the pre-pandemic levels. Support schemes like the Homebuilder program in Australia played a crucial role in the demand growth. This growth trend is expected to continue throughout the forecast period, and the demand for construction adhesives and sealants is expected to record a CAGR of 4.13% during the forecast period 2022-2028.
  • Construction adhesives and sealants based on acrylic resin occupied the largest share of the demand among all resins because of their strong bonds. The demand share for acrylic resins is expected to remain the highest during the forecast period. The demand growth for silicone resin-based construction adhesives and sealants is expected to outpace the demand growth for acrylic resin-based construction adhesives and sealants over the forecast period.
Global Construction Adhesives & Sealants Market

Inflating demand from Asia-Pacific's construction sector likely to drive the global sales of adhesive and sealants

  • Asia-Pacific accounted for the largest share of the demand for construction adhesives and sealants throughout the study period because of the large number of construction activities in China, Japan, South Korea, India, Australia, and other countries in the region. China has the largest construction market globally and generates up to 71% of the demand from Asia-Pacific due to the country's large population and increasing urbanization.
  • In 2017-2019, the demand for construction adhesives and sealants was sluggish due to a decline in construction activities in a few countries in Europe and South America because of the increased volatility of financial markets and increased interest rates by central banks of countries like Argentina.
  • In 2020, the demand for construction adhesives and sealants declined by up to 27% in a few countries, but the global impact was not severe as construction activities were deemed essential in a few countries like South Africa and Brazil, among others. In a few countries, like Russia, construction sites were the first to reopen after the pandemic. These factors cushioned the COVID-19 pandemic's impact on the global market, restricting the decline to 7.6%.
  • In 2021, due to relief packages and support schemes in countries like the United States, Australia, and EU countries, construction activities quickly reached their pre-pandemic levels, thus boosting the demand for construction adhesives and sealants. Infrastructure construction adhesives and sealants are expected to witness the largest growth among other construction adhesives and sealants types during the forecast period because of increased investments and budget allotments in European, South American, and Asia-Pacific countries.

Construction Adhesives & Sealants Industry Segmentation

Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin. Hot Melt, Reactive, Sealants, Solvent-borne, Water-borne are covered as segments by Technology. Asia-Pacific, Europe, Middle East & Africa, North America, South America are covered as segments by Region.

  • Globally, the most prominent are adhesives and sealants based on polyurethane, acrylic, silicone, and polysulphide resins. Global demand for these products witnessed slow growth during 2017-2019 due to a decline in construction activities in the Asia-Pacific and European regions. The demand from these two regions recorded CAGRs of -1.82% and 0.73%, respectively, in this period. The demand for construction adhesives and sealants declined in 2020 from all regions due to a shortage of raw materials, workers, and other factors due to the COVID-19 pandemic. Among all resins, the demand for adhesives based on cyanoacrylate resins took the worst hit and declined by 6.19% compared to 2019.
  • In 2021, as restrictions eased, the demand for construction adhesives and sealants quickly rebounded to the pre-pandemic levels. Support schemes like the Homebuilder program in Australia played a crucial role in the demand growth. This growth trend is expected to continue throughout the forecast period, and the demand for construction adhesives and sealants is expected to record a CAGR of 4.13% during the forecast period 2022-2028.
  • Construction adhesives and sealants based on acrylic resin occupied the largest share of the demand among all resins because of their strong bonds. The demand share for acrylic resins is expected to remain the highest during the forecast period. The demand growth for silicone resin-based construction adhesives and sealants is expected to outpace the demand growth for acrylic resin-based construction adhesives and sealants over the forecast period.
Resin
Acrylic
Cyanoacrylate
Epoxy
Polyurethane
Silicone
VAE/EVA
Other Resins
Technology
Hot Melt
Reactive
Sealants
Solvent-borne
Water-borne
Region
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Singapore
South Korea
Thailand
Rest of Asia-Pacific
Europe
France
Germany
Italy
Russia
Spain
United Kingdom
Rest of Europe
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Argentina
Brazil
Rest of South America
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Construction Adhesives & Sealants Market Size Summary

The Construction Adhesives & Sealants Market is poised for significant growth, driven by increasing construction activities and infrastructural developments globally. The market is characterized by a diverse range of products, including those based on polyurethane, acrylic, silicone, and polysulphide resins. Despite a slowdown in demand during the pre-pandemic years due to reduced construction activities in regions like Asia-Pacific and Europe, the market rebounded swiftly in 2021 as restrictions eased and support schemes were implemented. The demand for construction adhesives and sealants is expected to continue its upward trajectory, with acrylic resin-based products maintaining the largest market share due to their strong bonding capabilities. However, silicone resin-based products are anticipated to experience faster growth, reflecting evolving industry preferences.

Asia-Pacific remains the dominant region in terms of demand for construction adhesives and sealants, largely due to the robust construction activities in countries such as China, India, and Japan. The region's growth is supported by urbanization and increased investments in infrastructure. The market's resilience during the COVID-19 pandemic was bolstered by the essential nature of construction activities in certain countries and the swift recovery facilitated by economic support measures. The industry is also witnessing a shift towards sustainable practices, with an emphasis on green building initiatives. The market is fragmented, with key players like Arkema Group, Henkel AG & Co. KGaA, MAPEI S.p.A., Sika AG, and Soudal Holding N.V. actively expanding their operations to meet growing demand.

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Construction Adhesives & Sealants Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 Resin

      1. 1.1.1 Acrylic

      2. 1.1.2 Cyanoacrylate

      3. 1.1.3 Epoxy

      4. 1.1.4 Polyurethane

      5. 1.1.5 Silicone

      6. 1.1.6 VAE/EVA

      7. 1.1.7 Other Resins

    2. 1.2 Technology

      1. 1.2.1 Hot Melt

      2. 1.2.2 Reactive

      3. 1.2.3 Sealants

      4. 1.2.4 Solvent-borne

      5. 1.2.5 Water-borne

    3. 1.3 Region

      1. 1.3.1 Asia-Pacific

        1. 1.3.1.1 Australia

        2. 1.3.1.2 China

        3. 1.3.1.3 India

        4. 1.3.1.4 Indonesia

        5. 1.3.1.5 Japan

        6. 1.3.1.6 Malaysia

        7. 1.3.1.7 Singapore

        8. 1.3.1.8 South Korea

        9. 1.3.1.9 Thailand

        10. 1.3.1.10 Rest of Asia-Pacific

      2. 1.3.2 Europe

        1. 1.3.2.1 France

        2. 1.3.2.2 Germany

        3. 1.3.2.3 Italy

        4. 1.3.2.4 Russia

        5. 1.3.2.5 Spain

        6. 1.3.2.6 United Kingdom

        7. 1.3.2.7 Rest of Europe

      3. 1.3.3 Middle East & Africa

        1. 1.3.3.1 Saudi Arabia

        2. 1.3.3.2 South Africa

        3. 1.3.3.3 Rest of Middle East & Africa

      4. 1.3.4 North America

        1. 1.3.4.1 Canada

        2. 1.3.4.2 Mexico

        3. 1.3.4.3 United States

        4. 1.3.4.4 Rest of North America

      5. 1.3.5 South America

        1. 1.3.5.1 Argentina

        2. 1.3.5.2 Brazil

        3. 1.3.5.3 Rest of South America

Construction Adhesives & Sealants Market Size FAQs

The Global Construction Adhesives & Sealants Market size is expected to reach USD 17.22 billion in 2024 and grow at a CAGR of 5.99% to reach USD 21.73 billion by 2028.

In 2024, the Global Construction Adhesives & Sealants Market size is expected to reach USD 17.22 billion.

Construction Adhesives & Sealants Market Report Snapshots

Construction Adhesives & Sealants Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028