The global construction adhesives market size is expected to grow from $9.20 billion in 2021 to $10.19 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The global construction adhesive market size is expected to grow to $13.61 billion in 2026 at a CAGR of 7.5%.
What is the Global Construction Adhesives Market?
The construction adhesives market consists of the sale of construction adhesives by entities (organizations, sole traders, and partnerships) that 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, holding, and fixtures to walls, ceilings, and floors during construction activities.
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What drives the Global Construction Adhesives Market?
The increasing construction activities are 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 growth. For instance, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development’s new residential construction data, in 2021 1,337,800 new residential housing construction units were completed, a 4% increase from 2020. Therefore, the increasing construction activities are fueling the construction adhesives market growth.
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Global Construction Adhesives Market Segments
The global construction adhesives market is segmented:
By Type: Water-Based, Solvent-Based, Hot-Melt, Reactive
By Resin Type: Acrylic Adhesive, Polyurethane (PU), Polyvinyl Acetate (PVA), Epoxy
By Application: Residential, Commercial, Industrial
By Geography: The regions covered in the construction adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Construction Adhesives Global Market Report 2022provides market size and growth forecasts for the construction global adhesives market, construction adhesives global market share, construction adhesives market segments and geographies, construction adhesives market competitive landscape including leading competitors’ revenues, profiles and market shares. The construction adhesives market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Construction Adhesives Industry Playersinclude 3M, Adhesives Technology Corporation, Arkema, Avery Dennison Corporation, DAP Products Inc., The Dow Chemical Company, H.B. Fuller Company, Henkel AG & Co. KGaA, ITW Polymer Sealants, Mapei S.p.A., Sika AG, Wacker Chemie AG, Ashland Inc., Don Construction Products Limited, Franklin International, and Parker Hannifin Corp. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
