Construction Adhesives Market by Technology (Waterborne Technology, Reactive Technology, Solvent-borne Technology), Resin Type (Acrylic Adhesive, Polyurethane (PU), Polyvinyl Acetate (PVA), Epoxy), End-User (Residential, Non-Residential, Infrastructure) & Region for 2024-2031
Published on: 2024-08-03 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Construction Adhesives Market by Technology (Waterborne Technology, Reactive Technology, Solvent-borne Technology), Resin Type (Acrylic Adhesive, Polyurethane (PU), Polyvinyl Acetate (PVA), Epoxy), End-User (Residential, Non-Residential, Infrastructure) & Region for 2024-2031
Construction Adhesives Market Valuation – 2024-2031
The construction adhesives market is thriving as demand grows across a wide range of construction applications. With rising urbanization and infrastructure development, the demand for dependable bonding solutions is growing. These adhesives provide high bonding strength, adaptability and durability, making them suitable for a wide range of construction applications. Furthermore, advances in adhesive technology and increased awareness of their benefits are driving market expansion. These factors are likely to enable the market size surpass USD 10.91 Billion valued in 2024 to reach a valuation of around USD 15.85 Billion by 2031.
Furthermore, advances in adhesive technology, such as increased bonding strength, durability and versatility have expanded the range of uses in building projects. This led in growing use of construction adhesives in the residential, commercial and industrial sectors. Furthermore, the growing popularity of modular construction and prefabricated structures is driving demand for high-performance adhesives fuelling market expansion even further. The rising demand for Construction Adhesives is enabling the market grow at a CAGR of 4.78% from 2024 to 2031.
Construction Adhesives MarketDefinition/ Overview
Construction adhesives are bonding chemicals used in construction and repair projects to securely combine materials like wood, metal, concrete and plastic. They are available in a variety of formulas, including solvent-based, water-based and adhesive tapes, all of which provide high adherence and durability. These flexible adhesives serve an important role in construction by ensuring structural integrity and increasing assembly durability.
Construction adhesives are adaptable solutions for bonding various materials such as wood, metal and plastic. They provide strong, long-lasting bindings appropriate for a variety of applications such as drywall installation, panelling and subflooring. building adhesives provide efficiency and reliability in building projects thanks to their ease of application and rapid drying times. They provide a reliable way to secure materials in place for both DIY and professional projects.
In the future, construction adhesives are anticipated to witness further innovation and use across a variety of industries. With advances in materials science and engineering, these adhesives could become more stronger, more versatile and ecologically friendlier. They could play an important role in sustainable construction methods, allowing for the assembly of lightweight and robust structures while decreasing the need for traditional fasteners and lowering waste.
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Will Increasing Investments in Infrastructure Development such as Airports, Bridges and Metro Stations Drive the Construction Adhesives Market?
Rising investment in infrastructure development, such as airports, bridges and metro stations, will propel the construction adhesive industry. These large-scale projects necessitate modern building materials with exceptional strength, durability and flexibility. Construction adhesives satisfy these requirements, offering effective bonding solutions that can withstand heavy weights and environmental challenges.
As urbanization and population increase continue, the demand for better infrastructure grows. Governments and private companies are making significant investments in updating and extending transportation networks in order to boost connectivity and economic growth. Airports, bridges, and metro stations are critical components of this expansion and they require materials that provide long-term performance and safety.
Construction adhesives play an important part in these projects because they speed up construction processes and eliminate the need for traditional mechanical fasteners, which may be time-consuming and labour-intensive to install. Adhesives also help to lighten structures, lowering total material utilization and expenses. Furthermore, developments in adhesive technology have resulted in more ecologically friendly formulations, which correlate with the growing emphasis on sustainable construction methods.
To summarize, the spike in infrastructure development investments will dramatically increase demand for construction adhesives driven by their potential to improve efficiency, lower costs and support sustainable building practices in important infrastructure projects.
Will Increase in Limitations of Hot-Melt Adhesives Hamper the Construction Adhesives Market?
The limits of hot-melt adhesives may hamper the expansion of the construction adhesive market. Hot-melt adhesives, while beneficial in a variety of applications, present substantial hurdles in high-temperature conditions, where they might lose bonding strength owing to melting. Thermal strain on substrates can further impair their effectiveness, rendering them unsuitable for some construction applications that require temperature stability.
Furthermore, while many hot-melt adhesives are chemically and weather resistant, they may not always provide the necessary durability for long-term construction use. This resistance, while useful in some situations can limit their adaptability in a variety of construction settings, reducing their global commercial potential.
Hot-melt adhesives also present a number of practical challenges for manufacturers, including poor adhesion, adhesive charring, gelling, stringing and fuming. These issues not only reduce bonding quality, but also increase maintenance downtime, product waste and manufacturing expenses. Charring, a specific worry, weakens the adhesive’s performance and aesthetic features, further limiting its use in construction.
These restrictions need the investigation and development of new adhesive methods capable of overcoming these disadvantages. Despite these obstacles, current improvements in adhesive technologies seek to overcome them, perhaps minimizing their impact on market growth. However, until these advances are realized, the limitations of hot-melt adhesives will most certainly constitute a considerable barrier to the expansion of the construction adhesive business.
Category-Wise Acumens
Will Higher Moisture Resistance of Waterborne Technology Drive the Technology Segment?
The construction adhesives market is divided into three segments as Waterborne Technology,
Reactive Technology, Solvent-borne Technology. Waterborne technology’s superior moisture resistance is a major reason for its dominance in the technology section of the building adhesives industry. Waterborne adhesives, noted for their excellent environmental profile and safety have various benefits, including lower volatile organic compound (VOC) emissions, making them more ecologically benign than solvent-borne adhesives. This is consistent with increased regulatory restrictions and market demand for sustainable construction materials.
One of the most notable features of waterborne technology is its high moisture resistance. This feature makes these adhesives ideal for use in high-humidity conditions or locations prone to water exposure, such as bathrooms, kitchens and outdoor construction components.
Their capacity to retain strong bonding under such conditions ensures the durability and endurance of the structures, which increases their use in a variety of projects.
Continuous breakthroughs in product development, as well as significant investments in research and development, drive the segment’s growth. Waterborne adhesive formulation innovations improve performance, broaden applicability and provide them a competitive advantage over alternative technologies. These developments are bringing in more vendors and stimulating the creation of new, high-performance water-based goods.
To summarize, the increased moisture resistance of waterborne technology, together with continuous R&D and the quest for more sustainable construction solutions, is driving the segment’s growth and dominance in the construction adhesives market.
Will Increase in Demand for Durable and Flexible Adhesives Drive the Resin Type Segment?
The construction adhesives market is divided into Acrylic Adhesive, Polyurethane (PU). Polyvinyl Acetate (PVA) and Epoxy. The growing need for long-lasting and flexible adhesives is a major driver of the resin type segment in the building adhesives market. This need is mostly driven by the changing needs of modern construction projects, which require materials that can endure a wide range of circumstances while retaining strong and long-lasting bonding.
As construction processes and materials progress, there is a greater emphasis on employing adhesives that can withstand the dynamic pressures found in buildings and infrastructure. Flexible adhesives are highly prized for their capacity to absorb and distribute tension, hence reducing cracks and failures in bonded joints. This feature is critical for applications that need thermal expansion, vibration or other mechanical stresses.
Also, the transition to sustainable construction practices increases the demand for innovative adhesives. Durable and flexible adhesives help to create longer-lasting structures, decreasing the need for repairs and replacements and so supporting sustainability.
In summary, the growing need for long-lasting and flexible adhesives is driving the expansion of the resin type sector, as these adhesives match the performance and sustainability requirements of modern building projects.
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Country/Region-wise Acumens
Will Rapid Urbanization and Industrialization Drive the Asia Pacific Region?
Rapid urbanization and industrialization are important drivers of growth in the Asia-Pacific area. As the world’s most populous region, Asia Pacific is witnessing extraordinary urbanization and industrial development, particularly in China, India and Southeast Asian countries.
Urbanization refers to the movement of individuals from rural to urban areas in quest of better economic opportunities and living conditions. This massive migration of people results in the formation of new cities and the extension of existing urban centers, increasing demand for residential, commercial and infrastructure construction. The demand for housing, offices, retail spaces, educational institutions, healthcare facilities and transportation networks fuels construction activity, resulting in a sizable market for construction adhesives.
Industrialization refers to the formation and expansion of manufacturing, production and industrial facilities. Foreign investments, government initiatives, technical breakthroughs and the availability of skilled labour are all contributing to Asia Pacific’s rapid industrialization. Industrial development involves the construction of factories, warehouses, logistics centers and other industrial infrastructure, all of which require construction adhesives for bonding, sealing and insulation.
Overall, rising urbanization and industrialization in Asia Pacific fuel strong demand for construction adhesives, positioning the area as a key growth market for building materials producers and suppliers.
Will Increased Investments in Residential and Commercial Construction Drive the North America Region?
Increasing investment in residential and commercial building is expected to propel the North American area forward. This tendency is primarily driven by numerous factors. For starters, population increase, combined with demographic transitions like as urbanization and migration, generates a steady demand for housing and commercial space. As more people move to cities or want to improve their living and working conditions, the construction sector reacts with new residential developments, office buildings, shopping malls and hotels.
Furthermore, good economic conditions, such as cheap loan rates and high consumer confidence, promote investment in real estate development projects. Developers take advantage of favourable conditions to start new projects, increasing demand for construction supplies and services, especially construction adhesives.
Additionally, regulatory incentives and government activities targeted at promoting sustainable building standards drive up construction activity in North America. Energy-efficient buildings, green certifications, and environmental requirements encourage the use of modern construction materials such as high-performance adhesives, which help to achieve sustainable construction goals.Overall, greater investments in residential and commercial development promote growth in the North American region. This tendency not only stimulates economic activity but also promotes innovation in building methods and materials, establishing North America as a vital market for construction adhesives.
Competitive Landscape
The construction adhesives market is a dynamic and competitive space, characterized by a diverse range of players vying for market share. These players are on the run for solidifying their presence through the adoption of strategic plans such as collaborations, mergers, acquisitions, and political support. The organizations are focusing on innovating their product line to serve the vast population in diverse regions.
Some of the prominent players operating in the construction adhesives market include
- Henkel
- 3M
- Bostik
- Sika
- B. Fuller
- BASF
- Dow Chemical
- DAP Products
- Franklin International
- Illinois Tool Works
Latest Developments
- In July 2023, H.B. Fuller purchased XCHEM International to increase its footprint in MEA.
- In July 2022, Arkema acquired Permoseal to strengthen its foothold in South Africa.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Growth Rate | CAGR of 4.78% from 2024 to 2031 |
Base Year for Valuation | 2024 |
Historical Period | 2021-2023 |
Forecast Period | 2024-2031 |
Quantitative Units | Value in USD Billion |
Report Coverage | Historical and Forecast Revenue Forecast, Historical and Forecast Volume, Growth Factors, Trends, Competitive Landscape, Key Players, Segmentation Analysis |
Segments Covered |
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Regions Covered |
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Key Players | Henkel, 3M, Bostik, Sika, B. Fuller, BASF, Dow Chemical, DAP Products, Franklin International, Illinois Tool Works |
Customization | Report customization along with purchase available upon request |
Construction Adhesives Market, By Category
Technology
- Waterborne Technology
- Reactive Technology
- Solvent-borne Technology
Resin Type
- Acrylic Adhesive
- Polyurethane (PU)
- Polyvinyl Acetate (PVA)
- Epoxy
End-User
- Residential
- Non-Residential
- Infrastructure
Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
Customization of the Report
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