The global construction adhesive market size is anticipated to value at USD 14.04 billion by 2025, during the forecast period. The market is subject to showcase a substantial growth due to the rising adoption of construction adhesive during construction of commercial and residential building and apartments. Some of the critical factors responsible for propelling growth of the construction adhesive market are growing demand in a wide range of construction materials and infrastructure development activities. Other factors such as rising investment by industry leaders for the development of the construction adhesives to reduce cost associated with manufacturing are spurring growth of the market over the forecast period.
Application of the construction adhesives involves roofing, water-proofing, floor covering, lining, cladding, and fencing among others. Substantial growth of the construction sector majorly in the developing economies is one of the key factors for sustained growth of the construction adhesive industry. With the recent technological advancement coupled with exhibition of exclusive architectural designs are attributing to expansion of the market in recent years. Globally, the construction adhesive market is predicted to grow at CAGR of 5.6% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.
Some of the common application in the construction unit for green building and apartments include roofing, water-proofing, fencing, pipe & fittings, windows and frames. Longer life span and lower costs associated with construction adhesives are driving their popularity among consumers and construction companies. Adoption of construction adhesives being an essential element in the architectural designs and renovation of existing apartments fuels the market demand in recent years.
One of the key segment of construction adhesives market is acrylic adhesive, rising demand of this product is attributed to numerous advantages over other market segments. Changing trends in the conventional construction methods due to rapid urbanization, ever-changing lifestyles, growing safety measures, and increasing living standards are contributing to the growth of construction adhesive industry in coming years.
Construction adhesive is essential in the bonding of two distinct materials together during the construction cycle and renovation of existing buildings. Common application of the general purpose construction adhesive includes affixing drywall, tiles, modeling, and attachment to roof-tops, windows and floors. Construction adhesives are used in the combination with a caulking gun. The use of construction adhesive varies as per the external factors such as the temperature changes and moisture in the atmosphere.
Construction adhesives that are used in the interior are not preferred in the exterior construction due to variation in the temperature and humidity level in the atmosphere. Construction adhesives are largely used for the beads and full coverage. Beads signify as the array of the adhesive that are applied simultaneously along with use of the caulking gun on the surface area of the flooring or window frames. Application of the beads is considered as one of the most economical, as it is mainly utilized for the gluing of large-sized, flat materials with large flat surfaces. The beads are also implemented in the installation of plastic tub surrounding over drywall or ceramic tile.
The construction adhesives market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America and Europe have shown major growth in recent years owing to the rise adoption of latest technologies, preference towards bio-based raw materials, implementation of latest techniques involving use of water-based technology and presence of prominent industry players in the region.
Asia-Pacific region is predicted to hold major market share in the construction adhesive industry with massive growth in forecast period. Countries such as India, China, Sri Lanka, and Bangladesh are leading the Asia-Pacific market with growing personal expenditure, adoption of organic solvents and substantial investment by market players considering future opportunities.
The key players in the construction adhesives industry are H.B. Fuller Company, The 3M Company, Sika Group, Dow Co., Bostik Adhesive Technologies, Henkel Corporations, Dap Products, Inc., Franklin International, Illinois Tool Works, Inc., and Avery Dennison Co.
Resin Type Outlook (Volume, Thousand tons, Revenue, USD million; 2014 - 2025)
• Acrylic Adhesive
• Polyvinyl Acetate
Technology Outlook (Volume, Thousand tons, Revenue, USD million; 2014 - 2025)
• Water based
• Solvent based
• Reactive & Others
Application Outlook (Volume, Thousand tons, Revenue, USD million; 2014 - 2025)
Regional Outlook (Volume, Thousand tons, Revenue, USD million; 2014 - 2025)
• North America
• Asia Pacific
• Middle East & Africa
• Central & South America
Research Support Specialist, USA