Construction Adhesives Market Commodities, High Growth Opportunities, Segmentation, Market Trends By 2023-2032|3M, Adhesives Technology Corporation, Arkema, Avery Dennison Corporation, DAP Products Inc.

The Construction Adhesives Global Market Report 2023 by The Business Research Company, provides construction adhesives market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Construction Adhesives Global Market Report 2023, the global construction adhesives market size grew from $10.26 billion in 2022 to $11.23 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global construction adhesives is expected to grow to $15.09 billion in 2027 at a CAGR of 7.7%.

The increase in construction activities is expected to propel the growth of the construction adhesives market going forward. Construction is the process of putting together materials to create enormous structures. The increasing construction activities for residential and non-residential buildings are promoting the construction adhesives market’s growth.

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The construction adhesives market is segmented:

1) By Type: Water-based, Solvent-based, Hot-melt, Reactive

2) By Resin Type: Acrylic Adhesive, Polyurethane (PU), Polyvinyl Acetate (PVA), Epoxy

3) By Application: Residential, Commercial, Industrial

Construction companies are increasingly using bio-based adhesives in their construction activities. Growing awareness of environmental problems and diminishing fossil resources has led to the development of bio-based adhesives that have a low carbon footprint and can attach well to a variety of substrates. The bio-based adhesives consist of renewable, bio-based materials that are environmentally friendly and have beneficial mechanical and chemical properties that make them more efficient. For instance, in May 2021, Henkel AG & Co., a Germany-based chemicals company, announced the development of LOCTITE HHD 3544F, the industry’s first bio-based adhesive, whose two-thirds of the content is sourced from renewable, plant-based feedstocks.

The construction adhesives market report table of contents includes: