What Has Been The Evolution of the Construction Adhesives Market in Recent Years?
The construction adhesives market has seen considerable growth due to a variety of factors.
• In recent years, there has been significant growth in the market size of construction adhesives. It is predicted to increase from $12.06 billion in 2024 to $13.1 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.6%.
The upsurge in the past years can be linked to factors such as the rise in construction and infrastructure projects, increase in building renovations and repairs, growing demand for green building and sustainability, stricter regulatory compliance, and growth in urbanization and population.
What Is the Forecasted Market Size and Growth Rate for The Construction Adhesives Market?
The construction adhesives market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the construction adhesives market is projected to experience robust expansion. The market value is expected to reach $18.87 billion in 2029 with a CAGR of 9.6%.
This projected growth during the forecast period can be due to the rise of digital construction processes, circular economic models, construction safety norms, development in emerging markets, and increased adaptation to evolving climate conditions. The forecast period is also likely to witness trends such as the rise of high-performance specialty adhesives, innovative prefabrication and modular construction, the debut of sustainable and low-VOC adhesives, advanced technological integration, and intelligent building technologies.
Which Factors Are Boosting Growth In The Construction Adhesives Market?
The surge in building activities is anticipated to drive the expansion of the construction adhesives market. The construction sector involves the amalgamation of materials to form massive infrastructures. This uptick in both residential and non-residential construction efforts boosts the growth of the construction adhesives industry. To illustrate, U.S. Census Bureau data from August 2024, provided by a U.S federal statistical system agency, reports a considerable slowdown in new residential construction compared to prior years. In July 2024, housing starts stood at 1.54 million, a decline of 6.5% from the preceding month, and a fall of 20% compared to July 2023. Consequently, the intensifying construction activities are stimulating the growth of the construction adhesives market.
What Key Areas Define The Segmentation Of The Global Construction Adhesives Market?
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 Are Emerging Trends Reshaping The Dynamics Of The Construction Adhesives Market?
A rise in the use of bio-based adhesives by construction companies is being observed. The increasing consciousness of environmental issues, coupled with dwindling fossil resources, has birthed the emergence of bio-based adhesives. These adhesives, with a minimal carbon footprint, can efficiently affix to a wide array of substrates. They are comprised of replenishable, bio-based materials that are eco-friendly and have impressive mechanical and chemical attributes, thereby enhancing their effectiveness. For example, Henkel AG & Co. KGaA, a chemical company based in Germany, launched its innovative LOCTITE® HHD 5000, a potent bio-based polyurethane reactive (PUR) hot melt adhesive, in March 2023.
Who Are the Key Players 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.
What Is The Most Dominant Region 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.
