Construction Glue Market Trends and Forecast
The future of the global construction glue market looks promising with opportunities in the residential, commercial, and industrial markets. The global construction glue market is expected to grow with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are increasing demand for sustainable and eco-friendly adhesive solutions, rise in building renovation and restoration, and growing infrastructural development of roads, bridges, and buildings.
• Lucintel forecasts that acrylic is expected to witness the highest growth over the forecast period.
• Within this market, residential is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Construction Glue Market
• United States: Leading adhesive manufacturer announced a new eco-friendly adhesive formula aimed at reducing carbon footprint. Government incentives for sustainable building materials driving adoption.
• China: Key adhesive company set ambitious targets to expand market share by 20% through innovative product launches. Government initiatives promoting infrastructural growth boosting demand for high-performance glues.
• Germany: Leading construction glue manufacturer introduced a new line of solvent-free adhesives meeting stringent EU environmental standards. Government subsidies for energy-efficient construction materials supporting market growth.
• India: Local adhesive manufacturer announced plans to increase production capacity by 30% to meet rising demand fueled by government-led infrastructure projects. Government initiatives promoting affordable housing driving market expansion.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Construction Glue Market by Segment
The study includes a forecast for the global construction glue market by type, application, and region.
Construction Glue Market by Type [Value from 2018 to 2030]:
• Acrylic
• Polyurethane
• Polyvinyl Acetate
• Epoxy
• Others
Construction Glue Market by Application [Value from 2018 to 2030]:
• Residential
• Commercial
• Industrial
Construction Glue Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Construction Glue Companies
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 construction glue companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the construction glue companies profiled in this report include-
• H.B. Fuller
• Sika
• 3M
• Dow Corning
• Bostik
• Lord
• Wacker Chemie
Recent Development in the Construction Glue Market
• Henkel: Expansion into Sustainable Adhesives Henkel has announced a significant shift towards sustainable adhesives, aiming to reduce carbon footprint by using more bio-based materials and enhancing product recyclability.
• 3M: Introduction of High-Strength Bonding Solutions 3M launched a series of high-strength bonding solutions tailored for heavy-duty construction applications, emphasizing durability and efficiency in demanding environments.
• Sika AG: Innovation in Sealants and Adhesives Sika AG unveiled new formulations of sealants and adhesives designed to improve weather resistance and longevity in construction projects, meeting stringent regulatory standards.
• H.B. Fuller: Focus on Water-Based Adhesives H.B. Fuller introduced a new line of water-based adhesives that offer improved sustainability credentials without compromising on performance, catering to eco-conscious construction practices.
• Bostik (Arkema Group): Expansion in Emerging Markets Bostik has expanded its presence in emerging markets with strategic partnerships and localized production facilities, aiming to capture growth opportunities in developing regions.
Features of the Global Construction Glue Market
Market Size Estimates: Construction glue market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Construction glue market size by type, application, and region in terms of value ($B).
Regional Analysis: Construction glue market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the construction glue market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the construction glue market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for construction glue market?
Answer: The global construction glue market is expected to grow with a CAGR of 5.2% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the construction glue market?
Answer: The major drivers for this market are increasing demand for sustainable and eco-friendly adhesive solutions, rise in building renovation and restoration, and growing infrastructural development of roads, bridges, and buildings.
Q3. What are the major segments for construction glue market?
Answer: The future of the construction glue market looks promising with opportunities in the residential, commercial, and industrial markets.
Q4. Who are the key construction glue market companies?
Answer: Some of the key construction glue companies are as follows:
• H.B. Fuller
• Sika
• 3M
• Dow Corning
• Bostik
• Lord
• Wacker Chemie
Q5. Which construction glue market segment will be the largest in future?
Answer: Lucintel forecasts that acrylic is expected to witness the highest growth over the forecast period.
Q6. In construction glue market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. 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 the construction glue market by type (acrylic, polyurethane, polyvinyl acetate, epoxy, and others), application (residential, commercial, and industrial), 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 Construction Glue Market, Construction Glue Market Size, Construction Glue Market Growth, Construction Glue Market Analysis, Construction Glue Market Report, Construction Glue Market Share, Construction Glue Market Trends, Construction Glue Market Forecast, Construction Glue Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.