The Business Research Company’s report on the Construction Adhesives Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the construction adhesives market further?
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. For instance, in August 2024, a data from the U.S. Census Bureau, a U.S-based federal statistical system agency indicates that the pace of new residential construction has slowed down significantly compared to previous years. In July 2024, there were 1.54 million housing starts, a 6.5% decrease from the previous month, and a 20% decrease compared to July 2023. Therefore, the increase in construction activities is fueling the construction adhesives market growth.
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What are the key factors influencing the forecasted market size of the construction adhesives industry?
The construction adhesives market size has grown strongly in recent years. It will grow from $12.06 billion in 2024 to $13.1 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to construction and infrastructure projects, building renovations and repairs, growing need for green building and sustainability, increasing regulatory compliance, and urbanization and population growth.
The construction adhesives market size is expected to see strong growth in the next few years. It will grow to $18.87 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to increasing digital construction workflows, circular economy practices, construction safety standards, emerging market growth, and growing adaptation to changing climate conditions. Major trends in the forecast period include high-performance and specialty adhesives, innovative prefabrication and modular construction, introduction of sustainable and low-voc adhesives, innovative technological integration, and smart building technologies.
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Who are the leading competitors in the construction adhesives market?
Major companies operating in the construction adhesives market include Minnesota Mining and Manufacturing Company., Adhesives Technology Corporation, Arkema SA, Avery Dennison Corporation, DAP Products Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, ITW Performance Polymers, MAPEI S.p.A., Sika AG, Wacker Chemie AG, Ashland Inc., Don Construction Products Limited, Franklin International Group Ltd., Parker Hannifin Corp., LORD Corp., M-D Building Products Inc., RPM International Inc., BASF SE, Permabond LLC, ARDEX AMERICAS Inc., Huntsman International LLC, Bostik SA, Jowat SE, Pidilite Industries Limited, Royal Adhesives & Sealants LLC, The Dow Chemical Company, Akzo Nobel N.V., Chemence Inc., Collano Adhesives AG, Delo Industrial Adhesives LLC, Hexion Inc., Master Bond Inc., Parson Adhesives Inc.
Which emerging trends are set to transform the construction adhesives market landscape?
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, For instance, in March 2023, Henkel AG & Co. KGaA, a Germany-based chemicals company, introduced its new LOCTITE® HHD 5000, a high-performance bio-based polyurethane reactive (PUR) hot melt adhesive.
How do different geographies compare in terms of market share and growth potential in the construction adhesives market?
Asia-Pacific was the largest region in the construction adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction adhesives market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Which major segments of the construction adhesives market are experiencing the fastest growth?
The construction adhesives market covered in this report 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
Subsegments:
1) By Water-based: Acrylic Adhesives, Polyvinyl Acetate (PVA) Adhesives, Latex Adhesives
2) By Solvent-based: Polyurethane Adhesives, Epoxy Adhesives, Contact Adhesives
3) By Hot-melt: Ethylene Vinyl Acetate (EVA) Adhesives, Polyamide Adhesives, Polyolefin Adhesives
4) By Reactive: Polyurethane Reactive Adhesives, Silane Modified Polymer Adhesives, Epoxy Reactive Adhesives
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How is the construction adhesives market defined, and what are its core characteristics?
The construction adhesives are used for waterproofing, roofing, carpet laying, cladding, and insulation applications. Construction adhesives are materials that can permanently bind diverse materials together with better efficiency and design flexibility. These are used to attach drywall, tile, holdings, and fixtures to walls, ceilings, and floors during construction activities.
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