The construction adhesives market was valued at USD 8.82 billion in 2020 and is predicted to reach USD 11.99 billion by 2025, with a CAGR of 5.2% over the foreseen period. Adhesives are chemicals that are employed to unify two separate surfaces into a single entity that does not separate easily. Adhesives such as glue, mucilage, paste and cement imply high tensile and shear strength, which is employed for various holding and bonding functions. Sealants consist of adhesive properties that are employed to seal, fill and waterproof the spaces between two surfaces. Sealants versus adhesives provide resistance to the movement of substrates, providing greater flexibility between surfaces. Additionally, the high tensile and shear strength of adhesives and sealants is an important application in the construction industry.
Construction adhesives and sealants are mainly employed in tapes and labels, roofing and flooring, and insulating materials, among others. Due to these factors, the construction adhesives and sealants market is predicted to increase during the foreseen period. Construction adhesive is a chemical formulation employed to hold two or more materials together. These materials range from basic household materials to building materials. These adhesives hold two surfaces together for a longer period of time. It is a suitable material for mixing inorganic fillers, synthetic rubber, dyes, resins and preservative compounds. It acts as a blend of organic solvents designed to tightly bond the most common building materials. They are widely preferred in various applications such as decorative laminates, bonding plywood, concrete, particle board, metals, and the like. These adhesives are employed in remodels, adding finishing touches to homes and under construction.
The growing call for construction adhesives worldwide due to increased construction and infrastructure activities may promote the expansion of the worldwide construction adhesives market. Furthermore, the escalating use of construction adhesives in commercial and residential applications is predicted to increase the worldwide market during the period. However, its low cost and easy availability may drive future worldwide market expansion. Improved properties combined with better production techniques, as well as technological advances, should open up new expansion opportunities in the coming years. On the contrary, the instability of the prices of the materials is the main obstacle for the expansion of the world market.
Construction adhesives are employed in a variety of applications such as carpet, tile installation, wallpaper, and exterior insulation systems in the construction industry. These applications have driven the expansion of the construction adhesives market. The pace of expansion of the worldwide construction industry stabilized in 2016. However, increased investments in infrastructure development such as airports, bridges, dams, and metro stations are stimulating construction call. 'adhesives on floors, expansion joints, panels and other applications. In addition, the increase in the middle-class population has resulted in an increase in the call for housing. This is predicted to drive the expansion of the construction adhesives market. The escalating call for permanent housing other than slums in India and other developing countries such as Brazil, China, Indonesia and Vietnam is mainly due to population expansion, urbanization and escalating incomes in these countries, the escalating call of adhesives for construction.
With escalating environmental concerns and regulatory policies, manufacturers in North America and Europe are turning to environmentally friendly construction adhesive products for a variety of applications. Companies are unable to fully focus on making green and environmentally friendly products, which is also hurting their business revenue.
The growing trend to use green or green products in various applications is driving the call for green or low VOC adhesives. Strict regulations implemented by USEPA (United States Environmental Protection Agency), REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) in Europe, Leadership in Energy and Environmental Design (LEED) and other regional regulatory authorities have restricted manufacturers to produce friendly adhesives with low VOC levels. The shift to a more sustainable product portfolio has provided the industry with a significant expansion opportunity. The main players manufacture environmentally friendly construction adhesives. These eco-friendly adhesive solutions are made from renewable, recycled, reconditioned or biodegradable materials; The use of these ecological products also benefits the health of the occupants.
Developed countries such as the United States, Germany, the United Kingdom, Japan and other Western European countries have established infrastructure for the public, commercial and transport sectors. The infrastructures developed in these countries offer few possibilities for new construction activities. Additionally, the infrastructure is built to last longer, which provides little expansion opportunity in the construction adhesives market. The call for construction adhesives is predicted to grow moderately over the next five years, mainly due to increased activity in the construction industry.
By Resin Type:
Based on the resin type, the PU segment is predicted to grow at the highest CAGR during the foreseen period. The expansion of this segment can be attributed to its significant contributions to bonding technology, making available several different raw materials for the manufacture of adhesives that exhibit a wide spectrum of performance characteristics.
By End Use Sector:
Based on the end-use sector, the residential segment is estimated to be the largest segment of the construction adhesives market in 2020, in terms of volume, followed by the infrastructure segment.
Asia-Pacific had the largest market share in the worldwide construction adhesives market due to expansion in the infrastructure and construction business. China is the main world market region as the call for construction adhesive is escalating in infrastructure industries. However, emerging economies such as Argentina, South Africa, and Brazil may experience significant expansion in the near future due to increased construction activity in these countries. Europe is growing slowly but could see considerable expansion in the coming years. Asia-Pacific dominates the construction adhesives market due to the growing call for panels and glazing in high-rise buildings and the boom in the construction industry in the region.
Asia-Pacific is estimated to own more than a third of the worldwide market share and is predicted to continue to dominate during the foreseen period due to the rapid increase in expansion in the construction industry. associated with the development of complex modern infrastructure in the region. The escalating expansion of the construction industry in developing Asia-Pacific economies such as India and other Southeast Asian countries is predicted to drive the expansion of the construction adhesives and sealants market in during the period of foreseen. According to the India Brand Equity Foundation (IBEF), Government of India, the construction sector in India is predicted to grow at a CAGR of 10.5% and reach more than USD 215 billion by 2025.
Some of the key players operating in the global construction adhesive and sealant market are Arkema SA (France), Wacker Chemie AG (Germany), Royal Adhesives & Sealants (US), PPG Industries, Inc. (the US), MAPEI SpA (Italy), Huntsman International LLC (US), Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (US), Solvay (Belgium), Berry Global Inc. (US), BASF SE (Germany), Avery Dennison Corporation (US), Ashland (US), DAP Products Inc. (US).
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Resin Type
5.1.6 Y-o-Y Growth Analysis, By Resin Type
5.1.7 Market Attractiveness Analysis, By Resin Type
5.1.8 Market Share Analysis, By Resin Type
5.2.5 Y-o-Y Growth Analysis, By Technology
5.2.6 Market Attractiveness Analysis, By Technology
5.2.7 Market Share Analysis, By Technology
5.3 End Use Sector
5.3.5 Y-o-Y Growth Analysis, By End Use Sector
5.3.6 Market Attractiveness Analysis, By End Use Sector
5.3.7 Market Share Analysis, By End Use Sector
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Resin Type
184.108.40.206 By Technology
220.127.116.11 By End Use Sector
6.1.4 Market Attractiveness Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Resin Type
126.96.36.199 By Technology
188.8.131.52 By End Use Sector
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Resin Type
18.104.22.168 By Technology
22.214.171.124 By End Use Sector
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Polymeric Systems Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Acoustical Surfaces Inc.
8.4 Franklin International
8.5 Green Glue Co
8.6 Dow Corning Corp.
8.7 Avatack Co. Ltd.
8.9 HB Fuller
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of by resin,by end user,along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market