This comprehensive report provides a detailed analysis of the construction adhesive market, including its size, share, demand, growth, gross profits, earnings, and revenue. The report examines the collected data to offer an extensive overview of trends and predicts possible developments in the forecasted period. The historical data used for this study spans from 2016 to 2017, with 2018 serving as the base year for estimating industry growth from 2019 to 2026.
In 2016, the construction adhesive market was valued at over USD 8 billion, and it is projected to surpass USD 14 billion by the end of 2025. Construction adhesives, commonly available in tubes for application with a caulking gun, are versatile adhesives used for attaching drywall, tiles, and various materials to walls, ceilings, or floors. These adhesives come in different forms, such as solid blocks, paste, and liquid. The key components used in manufacturing construction adhesives include acrylic resins, clay, cement, polyurethane monomers, non-polar solvents, initiators, and additives.
Among the product segments, the acrylic segment dominates the market due to its widespread use in manufacturing textiles, furnishings, and its effectiveness on various surfaces like wood, metal, glass, and waterproof items. The polyurethane segment follows closely and is expected to experience significant growth during the forecast period, thanks to its rapid curing rate, high bonding strength, and low formaldehyde emissions, which make it a cost-effective alternative to acrylic products.
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Waterborne formulation technology holds a leading position due to its extensive usage in the packaging and printing industry. Waterborne construction adhesives offer the advantage of not emitting harmful Volatile Organic Compounds (VOCs), unlike solvent-borne adhesives. In terms of end-user sectors, the residential segment holds the largest share in volume, followed by infrastructure, which is expected to witness substantial growth in the forecast period. The continued growth of the residential sector can be attributed to population growth and increased housing needs. The Asia Pacific region leads the global market and is anticipated to show significant growth due to the rise in building and construction activities and the adoption of construction adhesives.
The Asia Pacific market accounts for approximately 40% of the global construction cost, with China being the key player. However, strict regulations in European and North American countries regarding the use of construction adhesive products due to health and environmental concerns pose a significant restraint. As a result, global manufacturers are taking precautions and investing more time to comply with these regulations, which impacts production capacities in these regions.
Key findings from the construction adhesive market forecast report include an examination of market prospects based on the investigation of past data from 2016 to 2018 and estimation of trends from 2019 to 2026. The industry is segmented based on resin type (acrylic, PVA, PU, epoxy, others), formulation technology (waterborne, solventborne, others), and end-user sector (residential, non-residential, infrastructure, others). The report assesses the size, share, demand, trends, gross profit, earnings, and revenue of each segment and provides insights for investment opportunities.
The global construction adhesive industry is expected to experience steady growth in the forecasted years, as indicated by the analysis in this study. The report examines various factors that significantly impact business revenue and profiles key players who hold a significant share in the global construction adhesive market. To expand their opportunities in specific regions, major players are focusing on mergers and acquisitions with smaller, regional players. Key players mentioned in the report include Henkel AG Company, SIKA Group, 3M, Bostik SA, H.B. Fuller Company, and The Dow Chemical Company.
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