This comprehensive report on the construction adhesive market provides a detailed analysis of the industry's size, share, demand, growth, gross profits, earnings, and revenue. It assesses the compiled data to offer an extensive overview of trends and predicts potential developments within the projected timeframe. The historical data used in this study covers the years 2016 and 2017, with 2018 as the baseline year for estimating industry growth from 2019 to 2026.
Valued at over USD 8 billion in 2016, the construction adhesive market is expected to surpass USD 14 billion by the end of 2025. Construction adhesives are versatile adhesives commonly available in tubes for application with a caulking gun. They are utilized to affix drywall, tiles, and common materials to walls, ceilings, or floors. Available in various forms such as solid blocks, paste, and liquid, these adhesives are composed of materials like Acrylic Resins, clay, Cement, Polyurethane monomers, and other non-polar Solvents. These components are combined with various initiators and additives.
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Among product categories, acrylic adhesives dominate the market due to their application in manufacturing textiles and furnishings, as well as their effectiveness on diverse surfaces like wood, metal, glass, and waterproof materials. The polyurethane segment follows closely, poised for significant growth due to its properties like rapid curing, strong bonding, and low Formaldehyde emissions. These qualities position polyurethane as a cost-effective alternative to high-cost acrylic products for similar applications.
In terms of formulation technology, the waterborne segment leads the way, largely due to its extensive use in the packaging and printing sector. An advantage of waterborne adhesives is their lack of VOC emissions, which are harmful to both humans and the environment, a drawback associated with many solvent-based adhesives. Looking at end-user sectors, the residential sector holds the largest volume, trailed by infrastructure, which is anticipated to experience substantial growth in the forecast period. The surge in the residential sector is attributed to population growth and increased housing demand. The Asia Pacific region is a major player in the global market and is projected to expand significantly due to heightened construction activities and adhesive adoption.
The Asia Pacific market contributes to around 40% of global construction costs, with China as a major contributor. Regulatory restrictions in European and North American countries, concerned with health and environmental safety, pose a challenge to the construction adhesive market. This has prompted global manufacturers to adhere to regulations and invest more time, affecting production capacities in these regions.
Key insights from the construction adhesive market forecast report include an examination of market prospects. Historical data from 2016 and 2017, with 2018 as the base year, inform trends from 2019 to 2026. The industry is categorized based on resin type (Acrylic, PVA, PU, Epoxy, Others), formulation technology (Waterborne, Solventborne, Others), and end-user sector (Residential, Non-Residential, Infrastructure, Others). This categorization assesses size, share, demand, trends, gross profit, earnings, revenue, and potential developments. The report also evaluates competition among key players in the global sector, identifying sectors poised for substantial growth and investment potential.
A global overview of the construction adhesive market indicates a steady forecasted rise, influenced by various factors detailed in this study. Key players, who significantly impact the industry's global economy, are engaging in mergers and acquisitions with smaller regional players to expand opportunities. Major players include Henkel AG Company, SIKA Group, 3M, Bostik SA, H.B. Fuller Company, and The Dow Chemical Company. The report profiles geographical regions such as North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Competitive data enhances insights into company standings within the global landscape, while forecasted trends in demand and their effects on businesses are provided.
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