Adhesives in the Construction Market Trends and Forecast
According to a market report by Lucintel, the future of adhesives in the global construction market looks promising with opportunities in the residential, commercial, and industrial markets. Adhesives in the global construction market is expected to reach an estimated $11.9 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increasing demand for high-performance adhesives, rising focus on eco-friendly adhesives, and growing need for long-lasting and weather-resistant adhesives.
Adhesives used in construction typically include polymers, such as epoxy, polyurethane, and acrylics. They also incorporate additives like curing agents, fillers, and stabilizers to enhance performance. Solvents or water may be used as carriers for these adhesives. Additionally, certain adhesives use natural resins or rubber-based materials. The specific combination of raw materials depends on the adhesive’s intended application and performance requirements.
Construction adhesives vary in price depending on type and performance, typically ranging from $5 to $30 per gallon. Specialty adhesives, such as those with high-performance or eco-friendly formulations, can be more expensive. Compared to general-purpose adhesives, these specialized products often cost more due to advanced features. While standard adhesives are cost-effective, high-performance and niche products reflect higher pricing due to their added benefits and specific applications.
• Lucintel forecasts that acrylic will remain the largest segment over the forecast period.
• Within this market, residential will remain the largest segment.
Country Wise Outlook for Adhesives in the Construction Market
The adhesives in the construction market is witnessing substantial growth globally, driven by increased demand from various industries, such as residential, commercial, and industrial. Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. Below image highlights recent developments by major adhesives producers in key regions: the USA, China, India, and Germany.
Emerging Trends of Adhesives in the Construction Market
Emerging trends of Adhesive in the global construction market shaping its future applications and market dynamics:
• Sustainable and Eco-Friendly Adhesives: There is a growing focus on developing adhesives that are environmentally friendly, using renewable resources, and reducing VOC (volatile organic compounds) emissions to meet green building standards.
• High-Performance and Specialized Adhesives: Increased demand for high-strength adhesives with specific properties, such as resistance to extreme temperatures, moisture, or chemicals, tailored for specialized applications in construction.
• Integration with Modular Construction: Adhesives designed for modular and prefabricated construction methods are becoming more prevalent, facilitating quicker assembly and disassembly of building components.
• Focus on Durability and Longevity: There is an emphasis on developing adhesives that offer long-term durability and resistance to aging, wear, and environmental factors to extend the lifespan of construction materials.
• Advancements in Technology: Innovations in adhesive technology, including faster curing times, improved bonding strength, and enhanced flexibility, are driving the development of more efficient and versatile adhesives.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Recent Development of Adhesives in the Construction Market
• Sika AG: Sika has launched its latest adhesive technology which is designed to work in the high stress construction applications. The new product boosts bonding strength and enhances durability under even the harshest conditions.
• Henkel AG: Henkel has released a new set of adhesives that are specifically designed for eco-friendly building materials. These glues use natural resources that are renewable and save the environment.
• Bostik (Arkema): Bostik announced an advanced adhesive solution featuring improved application properties for complex construction tasks. The new adhesive allows for faster curing and greater flexibility.
• Fischer Group: Fischer has expanded its range of adhesives with innovative solutions for heavy-duty construction. The new adhesive anchors have improved load-carrying capacity and harsh environmental condition resistance.
Strategic Growth Opportunities for Adhesives in the Construction Market
Some key strategic growth opportunities for this market include:
Focus on Modular and Prefabricated Construction: Developing adhesives solely meant for modular and prefabricated construction would seize the opportunities offered by these quickly emerging building techniques.
Strategic Partnerships and Collaborations: Entering into strategic alliances with contractors, suppliers of materials as well as technology providers has the potential to increase market access and foster innovations in adhesive use.
Customization for Specialized Applications: Providing tailor-made adhesives solutions that fit in unique industry segments like high-temperature or chemically resistant can enable us tackle certain industrial demands while broadening our market scope.
Investment in Automation and Efficiency: Investment in automation technologies for adhesive application and improved production efficiency can lead to better quality products, lower cost of production while managing operations more efficiently.
Enhancing R&D Capabilities: Reinforcing research efforts on new adhesive formulations and applications that will spur innovation and help us stay ahead of competitors.
Adhesives in the Construction Market Driver and Challenges
The factors responsible for driving adhesive in the construction market include:
1. Growing significance of sustainable building practices has resulted in an increasing demand for eco-friendly and energy efficient construction materials thus pushing for environmentally friendly adhesives.
2. Urbanization and Infrastructure Development: There is a need to have strong adhesives which can be used on buildings. High-performance adhesives are required for different purposes due to rapid urbanization and large scale infrastructural projects.
3. Regulatory Standards: Such norms as strict building codes in relation to construction materials make it obligatory to supply high-quality adhesives which meet regulatory standards.
4. Expanding Construction Industry: Increased construction activity in residential, commercial, and infrastructure projects boosts the demand for adhesives.
Challenges of adhesive in the construction market are:
1. Fluctuating Raw Material Costs: The fluctuation of prices in the raw materials utilized in adhesives including polymers and resins can affect production costs, and pricing strategies.
2. Competition and Price Pressure: There is tough competition in the market for adhesives that results into cost pressures, therefore differentiation through product innovation and quality are necessary.
Adhesives suppliers in the Construction Market and Their Market Shares
In this globally competitive market, several key players, such as Huntsman International, MAPEI, 3M, Henkel, BASF, H.B. Fuller Company, DAP Global, Permabond, etc. dominate the market and contribute to industry’s growth and innovation. These players capture maximum market share. To know the current market share of each of major players contact us.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies adhesives companies in the construction market cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the adhesives companies in the construction market profiled in this report include-
• Huntsman International
• MAPEI
• 3M
• Henkel
• BASF
• H.B. Fuller Company
• DAP Global
• Permabond
• Sika
• ARDEX AMERICAS
These companies have established themselves as leaders in adhesive in the construction market, with extensive product portfolios, global presence, and strong research and development capabilities. They continually strive to enhance their market positions through strategic partnerships, mergers and acquisitions, and product innovations.
The market share dynamics within the adhesive in the construction market are evolving, with the entry of new players and the emergence of innovative adhesive technologies. Additionally, collaborations between material suppliers, manufacturers, and end-users are fostering technological advancements and expanding market opportunities.
Adhesives in the Construction Market by Segment
There are numerous critical segments that demonstrate noteworthy growth in the construction adhesive market. Due to increased regulations on sustainable building practices, eco-friendly adhesives are gaining popularity. Construction projects need more specialized solutions, leading to the proliferation of high performance adhesives for extreme temperatures or moisture resistance. Driven by a preference for quicker and better ways of building modular and prefabricated construction adhesives are also witnessing growth. Moreover, it illustrates how there is a shift towards innovative and efficient approaches within a wider industry through such popular trends as improved bonding strengths and faster curing times of technologically advanced adhesives.
This adhesives in the construction market report provides a comprehensive analysis of the market's current trends, growth drivers, challenges, and future prospects in all major segments like above. It covers various segments, including resin types, technologies, and applications. The report offers insights into regional dynamics, highlighting the major markets for adhesives in the construction and their growth potentials.
Adhesives in the Construction Market by Resin Type [Value from 2018 to 2030]:
• Acrylic
• Polyvinyl Acetate
• Polyurethanes
• Epoxy
• Others
Adhesives in the Construction Market by Technology [Value from 2018 to 2030]:
• Water Based
• Reactive
• Solvent Based
• Others
Adhesives in the Construction Market by Application [Value from 2018 to 2030]:
• Residential
• Commercial
• Industrial
• Others
Adhesives in the Construction Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Features of Adhesives In the Global Construction Market
Market Size Estimates: Adhesives in the construction market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Adhesives in the construction market size by resin type, technology, application, and region in terms of value ($B).
Regional Analysis: Adhesives in the construction market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different resin types, technologies, applications, and regions for adhesives in the construction market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of adhesives in the construction market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is adhesives in the construction market size?
Answer: Aadhesives in the global construction market is expected to reach an estimated $11.9 billion by 2030.
Q2. What is the growth forecast for adhesives in the construction market?
Answer: Adhesives in the global construction market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of adhesives in the construction market?
Answer: The major drivers for this market are increasing demand for high-performance adhesives, rising focus on eco-friendly adhesives, and growing need for long-lasting and weather-resistant adhesives.
Q4. What are the major segments for adhesives in the construction market?
Answer: The future of the adhesives in the construction market looks promising with opportunities in the residential, commercial, and industrial markets.
Q5. Who are the key adhesives companies in the construction market?
Answer: Some of the key adhesives companies in the construction market are as follows:
• Huntsman International
• MAPEI
• 3M
• Henkel
• BASF
• H.B. Fuller Company
• DAP Global
• Permabond
• Sika
• ARDEX AMERICAS
Q6. Which adhesives in the construction market segment will be the largest in future?
Answer: Lucintel forecasts that acrylic will remain the largest segment over the forecast period.
Q7. In adhesives in the construction market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for adhesives in the construction market by resin type (acrylic, polyvinyl acetate, polyurethanes, epoxy, and others), technology (water based, reactive, solvent based, and others), application (residential, commercial, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Adhesives in the Construction Market Market, Adhesives in the Construction Market Market Size, Adhesives in the Construction Market Market Growth, Adhesives in the Construction Market Market Analysis, Adhesives in the Construction Market Market Report, Adhesives in the Construction Market Market Share, Adhesives in the Construction Market Market Trends, Adhesives in the Construction Market Market Forecast, Adhesives in the Construction Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.