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Construction Adhesives Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, India, Germany, France - Size and Forecast 2024-2028

Construction Adhesives Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, India, Germany, France - Size and Forecast 2024-2028

Published: Aug 2024 150 Pages SKU: IRTNTR74117

Market Overview at a Glance

$2.90 B
Market Opportunity
4.5%
CAGR
4.23
YoY growth 2023-2024(%)

Construction Adhesives Market Size 2024-2028 

The construction adhesives market size is forecast to increase by USD 2.9 billion, at a CAGR of 4.5% between 2023 and 2028. The market is experiencing significant growth, driven by several key factors. Firstly, increased government spending on infrastructure projects worldwide is leading to a surge in demand for construction adhesives. Secondly, there is a rising trend towards the adoption of eco-friendly adhesives due to growing environmental concerns. This shift is expected to drive the market for sustainable adhesive solutions. Additionally, the price of construction adhesives has been on the rise due to increasing raw material costs and supply chain disruptions. Despite these challenges, the market is expected to continue its growth trajectory, fueled by the ongoing demand for durable and high-performance adhesives in the construction industry.

What will be the Size of the Market During the Forecast Period?

Construction Adhesives Market Size

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Market Dynamic and Customer Landscape

The market is evolving with diverse products tailored for various applications. The industry features solvent-based adhesives and water-based adhesives, including acrylic adhesives, polyvinyl acetate, and epoxy adhesives. A significant focus is on low-VOC adhesives and VOC-free adhesives for eco-friendly solutions. Wood, metal, plastic, and concrete bonding are well-represented, with solutions in the residential, commercial construction, and nonresidential sector. The industrial segment benefits from innovations like VC shield technology and epoxies. Polyurethane adhesives and reactive adhesives are key players, with advancements in water-based technology. Eco-friendly construction adhesives such as OSI Green Series and Titebond GREENchoice highlight the push towards green products. The market caters to infrastructure, nonresidential, and residential needs, embracing green products for sustainable growth.

Key Market Driver

Increased government spending on infrastructure is notably driving market growth. The construction adhesives industry is experiencing significant growth due to the increasing demand from both the residential and nonresidential sectors. In the industrial segment, the use of construction adhesives is prevalent in applications such as carpet laying, tile installation, and wallpapers. Epoxies and polyurethane adhesives are popular choices in industrial settings due to their high bonding strength and durability. In the nonresidential sector, reactive adhesives are commonly used for construction applications. The rise in government spending on infrastructure projects is driving the demand for construction adhesives, as these projects require strong and long-lasting adhesives for various applications.

Additionally, there is a growing trend towards the use of ecofriendly construction adhesives, such as the OSI Green Series and Titebond GREENchoice, due to increasing concerns about sustainability and the environment. These green products offer similar performance to traditional adhesives while reducing the carbon footprint of construction projects. Thus, such factors are driving the growth of the market during the forecast period.

Significant Market Trends

The rise in adoption of eco-friendly adhesives is the key trend in the market. The construction adhesives industry is witnessing significant growth, particularly in the nonresidential sector and industrial segment. Epoxies and polyurethane adhesives continue to dominate the market due to their superior bonding strength and durability. However, the trend is shifting towards solvent-free and reactive adhesives, which emit fewer volatile organic compounds (VOCs) and contribute to a healthier work environment. In response to the increasing demand for eco-friendly construction adhesives, manufacturers are producing green products that use low VOC-emitting materials, such as recycled denim or cellulose insulation.

Moreover, these eco-friendly adhesives are gaining popularity in applications like carpet laying, tile installation, and wallpaper hanging, as they help reduce solvent emissions and airborne particles. Some notable brands in this space include the OSI Green Series and Titebond GREENchoice. The future of the market lies in the production of adhesives from renewable, plant-based, and animal-based materials, such as starch, mussels, oysters, and others. Thus, such trends will shape the growth of the market during the forecast period.

Major Market Challenge

The rise in the price of construction adhesives is the major challenge that affects the growth of the market. The Construction Adhesives industry is experiencing notable growth in both the Residential and Nonresidential sectors. The Industrial segment, specifically, is witnessing a considerable increase in demand due to its extensive use in applications such as carpet laying, tile installation, and wallpapers. Epoxies and Polyurethane adhesives dominate the market, with Solvent-based products and Reactive adhesives following closely. However, the market growth is challenged by the high cost of construction adhesives, particularly in developing economies. The production of these adhesives relies on raw materials sourced from crude oil and petrochemicals, including silicone, polyurethane, ethylene vinyl acetate, and others.

Further, the unpredictability of crude oil prices may impact the cost of raw materials, potentially affecting market vendors' profitability. For instance, the global crude oil price escalated from USD50 per barrel to USD86 per barrel between January 2021 and October 2021. In response to environmental concerns, the demand for Ecofriendly construction adhesives, such as OSI Green Series and Titebond GREENchoice, is on the rise. Green products are gaining popularity due to their reduced carbon footprint and sustainability. Hence, the above factors will impede the growth of the market during the forecast period

Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Construction Adhesives Market Share by Geography

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

3M Co. - The company offers polyurethane construction sealant 525 which is designed to seal construction expansion joints.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • ARDEX GmbH
  • Arkema SA
  • Avery Dennison Corp.
  • Custom Building Products
  • DAP Global Inc.
  • Dow Inc.
  • Dribond Construction Chemicals
  • DURA PRO
  • FLEXTILE LTD.
  • Franklin International
  • H.B. Fuller Co.
  • Henkel AG and Co. KGaA
  • Illinois Tool Works Inc.
  • JMH International Ltd.
  • LATICRETE International Inc.
  • Mapei SpA
  • Saint Gobain Weber
  • Sika AG
  • Terraco Holdings Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

By End-user 

The residential segment is estimated to witness significant growth during the forecast period. Construction adhesives play a crucial role in various applications within the construction industry, including bonding wood, metal, plastic, concrete, foam boards, shingles, tiles, membranes, vinyl, carpet, and diverse materials used in flooring installation, baseboards installation, crown molding installation, drywall bonding, and infrastructure projects. The market for construction adhesives encompasses several types, such as solvent-based adhesives, water-based adhesives, acrylic adhesives, polyvinyl acetate, epoxy adhesives, low VOC adhesives, and VOC-free adhesives.

Construction Adhesives Market Size

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The residential segment was the largest and was valued at USD 4.44 billion in 2018. Solvent-based adhesives, known for their high bonding strength, are widely used in applications requiring high abrasion resistance, like road construction, bridge repair, and tunnel installation. Water-based adhesives, on the other hand, offer energy efficiency and are preferred for applications like roofing installation, wall paneling, insulation installation, and residential construction due to their eco-friendly properties. Advancements in technology have led to the development of reactive technology, such as VC shield technology and water-based technology, which provide enhanced performance and durability. Epoxy adhesives, known for their excellent strength and chemical resistance, are commonly used in commercial and industrial construction and infrastructure projects. The demand for low VOC and VOC-free adhesives is increasing due to environmental concerns and regulations.

Regional Analysis

Construction Adhesives Market Share by Geography

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APAC is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Construction adhesives play a crucial role in various applications within the construction industry, including bonding wood, metal, plastic, concrete, foam boards, shingles, tiles, membranes, vinyl, carpet, and other materials for flooring installation, baseboards installation, crown molding installation, drywall bonding, and infrastructure projects. The market for construction adhesives encompasses various types, such as solvent-based adhesives, water-based adhesives, acrylic adhesives, polyvinyl acetate, epoxy adhesives, low-VOC adhesives, and VOC-free adhesives. Solvent-based adhesives offer high bonding strength and fast curing, while water-based adhesives provide energy efficiency and lower VOC emissions.

However, acrylic adhesives offer excellent bonding strength and water resistance, making them suitable for applications like roofing installation and wall paneling. Epoxy adhesives provide superior abrasion resistance and chemical resistance, making them ideal for bridge repair, tunnel installation, and industrial construction. Construction adhesives are used extensively in residential, commercial, and industrial construction, as well as infrastructure projects. The latest advancements in technology include VC shield technology, water-based technology, reactive technology, and solvent-based technology, which offer enhanced performance and durability. These adhesives contribute significantly to energy efficiency, infrastructure development, and the overall success of construction projects.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

  • End-user Outlook
    • Residential
    • Commercial
    • Industrial
  • Application Outlook
    • Large Enterprise
    • Small and Medium Enterprise
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

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  • Adhesives and Sealants Market by Technology, End-user, and Geography - Forecast
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  • Adhesive Market Analysis APAC, North America, Europe, South America, Middle East and Africa - China, US, Germany, India, UK - Size and Forecast

Market Analyst Overview 

Construction adhesives refer to specialized bonding agents used in the construction industry for joining various materials such as wood, metal, plastic, concrete, foam boards, shingles, tiles, membranes, vinyl, carpet, and more. Two common types of construction adhesives are solvent-based and water-based adhesives. Solvent-based adhesives, including acrylics and epoxies, offer strong bonding capabilities but can emit volatile organic compounds (VOCs), requiring proper ventilation during application. In response, the market has seen a shift towards low VOC and VOC-free adhesives, such as polyvinyl acetate and acrylics. Construction adhesives play a crucial role in various applications, including flooring installation, baseboards installation, crown molding installation, drywall bonding, road construction, bridge repair, tunnel installation, roofing installation, wall paneling, insulation installation, residential construction, commercial construction, industrial construction, and infrastructure projects. Advanced technologies like VC shield technology and water-based technology enhance the performance and sustainability of construction adhesives. Key features include energy efficiency, abrasion resistance, and compatibility with diverse materials.

Market Scope

Report Coverage

Details

Page number

150

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.5%

Market Growth 2024-2028

USD 2.9 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

4.23

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 45%

Key countries

US, China, India, Germany, and France

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., ARDEX GmbH, Arkema SA, Avery Dennison Corp., Custom Building Products, DAP Global Inc., Dow Inc., Dribond Construction Chemicals, DURA PRO, FLEXTILE LTD., Franklin International, H.B. Fuller Co., Henkel AG and Co. KGaA, Illinois Tool Works Inc., JMH International Ltd., LATICRETE International Inc., Mapei SpA, Saint Gobain Weber, Sika AG, and Terraco Holdings Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for market forecast period

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming market growth and trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by End-user
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global Construction Adhesives Market 2018 - 2022
      • Historic Market Size - Data Table on Global Construction Adhesives Market 2018 - 2022 ($ million)
    • 4.2 End-user segment analysis 2018 - 2022
      • Historic Market Size - End-user Segment 2018 - 2022 ($ million)
    • 4.3 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • 4.4 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Chart on End-user - Market share 2023-2028 (%)
      • Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Chart on Comparison by End-user
      • Data Table on Comparison by End-user
    • 6.3 Residential - Market size and forecast 2023-2028
      • Chart on Residential - Market size and forecast 2023-2028 ($ million)
      • Data Table on Residential - Market size and forecast 2023-2028 ($ million)
      • Chart on Residential - Year-over-year growth 2023-2028 (%)
      • Data Table on Residential - Year-over-year growth 2023-2028 (%)
    • 6.4 Commercial - Market size and forecast 2023-2028
      • Chart on Commercial - Market size and forecast 2023-2028 ($ million)
      • Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
      • Chart on Commercial - Year-over-year growth 2023-2028 (%)
      • Data Table on Commercial - Year-over-year growth 2023-2028 (%)
    • 6.5 Industrial - Market size and forecast 2023-2028
      • Chart on Industrial - Market size and forecast 2023-2028 ($ million)
      • Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
      • Chart on Industrial - Year-over-year growth 2023-2028 (%)
      • Data Table on Industrial - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by End-user
      • Market opportunity by End-user ($ million)
      • Data Table on Market opportunity by End-user ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Chart on Market share by geography 2023-2028 (%)
      • Data Table on Market share by geography 2023-2028 (%)
    • 8.2 Geographic comparison
      • Chart on Geographic comparison
      • Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2023-2028
      • Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 8.4 North America - Market size and forecast 2023-2028
      • Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Chart on North America - Year-over-year growth 2023-2028 (%)
      • Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 8.5 Europe - Market size and forecast 2023-2028
      • Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2023-2028
      • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 8.7 South America - Market size and forecast 2023-2028
      • Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Chart on South America - Year-over-year growth 2023-2028 (%)
      • Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 8.8 US - Market size and forecast 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ million)
      • Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Chart on US - Year-over-year growth 2023-2028 (%)
      • Data Table on US - Year-over-year growth 2023-2028 (%)
    • 8.9 China - Market size and forecast 2023-2028
      • Chart on China - Market size and forecast 2023-2028 ($ million)
      • Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Chart on China - Year-over-year growth 2023-2028 (%)
      • Data Table on China - Year-over-year growth 2023-2028 (%)
    • 8.10 India - Market size and forecast 2023-2028
      • Chart on India - Market size and forecast 2023-2028 ($ million)
      • Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Chart on India - Year-over-year growth 2023-2028 (%)
      • Data Table on India - Year-over-year growth 2023-2028 (%)
    • 8.11 Germany - Market size and forecast 2023-2028
      • Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 8.12 France - Market size and forecast 2023-2028
      • Chart on France - Market size and forecast 2023-2028 ($ million)
      • Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Chart on France - Year-over-year growth 2023-2028 (%)
      • Data Table on France - Year-over-year growth 2023-2028 (%)
    • 8.13 Market opportunity by geography
      • Market opportunity by geography ($ million)
      • Data Tables on Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Opportunity/Restraints

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 9.4 Market opportunities/restraints

          10 Competitive Landscape

          • 10.1 Overview
            • 10.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 10.3 Landscape disruption
              • Overview on factors of disruption
            • 10.4 Industry risks
              • Impact of key risks on business

            11 Competitive Analysis

            • 11.1 Companies profiled
              • Companies covered
            • 11.2 Market positioning of companies
              • Matrix on companies position and classification
            • 3M Co.
              • 3M Co. - Overview
              • 3M Co. - Business segments
              • 3M Co. - Key news
              • 3M Co. - Key offerings
              • 3M Co. - Segment focus
            • 11.4 Arkema SA
              • Arkema SA - Overview
              • Arkema SA - Business segments
              • Arkema SA - Key news
              • Arkema SA - Key offerings
              • Arkema SA - Segment focus
            • 11.5 Avery Dennison Corp.
              • Avery Dennison Corp. - Overview
              • Avery Dennison Corp. - Business segments
              • Avery Dennison Corp. - Key news
              • Avery Dennison Corp. - Key offerings
              • Avery Dennison Corp. - Segment focus
            • 11.6 DAP Global Inc.
              • DAP Global Inc. - Overview
              • DAP Global Inc. - Product / Service
              • DAP Global Inc. - Key news
              • DAP Global Inc. - Key offerings
            • 11.7 Dow Inc.
              • Dow Inc. - Overview
              • Dow Inc. - Business segments
              • Dow Inc. - Key news
              • Dow Inc. - Key offerings
              • Dow Inc. - Segment focus
            • 11.8 Franklin International
              • Franklin International - Overview
              • Franklin International - Product / Service
              • Franklin International - Key offerings
            • 11.9 H.B. Fuller Co.
              • H.B. Fuller Co. - Overview
              • H.B. Fuller Co. - Business segments
              • H.B. Fuller Co. - Key news
              • H.B. Fuller Co. - Key offerings
              • H.B. Fuller Co. - Segment focus
            • 11.10 Henkel AG and Co. KGaA
              • Henkel AG and Co. KGaA - Overview
              • Henkel AG and Co. KGaA - Business segments
              • Henkel AG and Co. KGaA - Key news
              • Henkel AG and Co. KGaA - Key offerings
              • Henkel AG and Co. KGaA - Segment focus
            • 11.11 Illinois Tool Works Inc.
              • Illinois Tool Works Inc. - Overview
              • Illinois Tool Works Inc. - Business segments
              • Illinois Tool Works Inc. - Key news
              • Illinois Tool Works Inc. - Key offerings
              • Illinois Tool Works Inc. - Segment focus
            • 11.12 Sika AG
              • Sika AG - Overview
              • Sika AG - Business segments
              • Sika AG - Key news
              • Sika AG - Key offerings
              • Sika AG - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 12.4 Research methodology
                • Research methodology
              • 12.5 Data procurement
                • Information sources
              • 12.6 Data validation
                • Data validation
              • 12.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 12.8 Data synthesis
                • Data synthesis
              • 12.9 360 degree market analysis
                • 360 degree market analysis
              • 12.10 List of abbreviations
                • List of abbreviations12.9

              Research Methodology

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Construction Adhesives market growth will increase by $ 2899.8 mn during 2024-2028 .

              The Construction Adhesives market is expected to grow at a CAGR of 4.5% during 2024-2028 .

              Construction Adhesives market is segmented by End-user( Residential, Commercial, Industrial)

              3M Co., ARDEX GmbH, Arkema SA, Avery Dennison Corp., Custom Building Products, DAP Global Inc., Dow Inc., Dribond Construction Chemicals, DURA PRO, FLEXTILE LTD., Franklin International, H.B. Fuller Co., Henkel AG and Co. KGaA, Illinois Tool Works Inc., JMH International Ltd., LATICRETE International Inc., Mapei SpA, Saint Gobain Weber, Sika AG, Terraco Holdings Ltd. are a few of the key vendors in the Construction Adhesives market.

              APAC will register the highest growth rate of 45% among the other regions. Therefore, the Construction Adhesives market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.

              US, China, India, Germany, France

              • Increased government spending on infrastructureThe rise in government spending on infrastructure is expected to drive the growth of the global construction adhesives market. The increased need for infrastructure will is the driving factor this market.
              • in turn is the driving factor this market.
              • increase the demand for construction adhesives. Multiple government infrastructure projects are planned in various countries during 2021-2023. Many of them are large-scale projects in terms of investments. Countries give high importance to infrastructure development because infrastructure spending is directly proportional to economic growth. This is because rapid economic growth provides jobs and delivers enhanced services is the driving factor this market.
              • such as energy is the driving factor this market.
              • housing is the driving factor this market.
              • and clean water supply. The presence of a strong infrastructure in a country encourages multinational companies (MNCs) to make heavy investments and set up their establishments. Apart from the overall development of the whole country is the driving factor this market.
              • the presence of well-established infrastructure also raises the living standards and human development index of a country. Well-developed infrastructure helps in meeting various demands created by the growth of the population and the increasing spending power of citizens.APAC has seen the biggest growth in infrastructure spending between 2019 and 2021 is the driving factor this market.
              • with a sharp growth in 2022. Despite this growth is the driving factor this market.
              • countries in the region are expected to invest more to match countries in Europe and North America. Infrastructure development projects in Asia are mostly executed by public sector organizations and respective government agencies. With multiple infrastructure development projects yet to be taken up is the driving factor this market.
              • Asia can be expected to witness strong investment in these areas is the driving factor this market.
              • especially in the transportation segment is the driving factor this market.
              • which includes the construction of new highways is the driving factor this market.
              • seaports is the driving factor this market.
              • and airports. Countries in Southeast Asia is the driving factor this market.
              • such as Indonesia and the Philippines is the driving factor this market.
              • are likely to make heavy investments in road and highway projects is the driving factor this market.
              • which will require substantial investments. Most of these projects will be undertaken on the basis of the Public-Private Partnership (PPP) model. This will ensure that investments pour in from private sector companies also.Governments in India is the driving factor this market.
              • Indonesia is the driving factor this market.
              • and Thailand are taking initiatives to encourage the construction industry in their respective countries is the driving factor this market.
              • which will is the driving factor this market.
              • in turn is the driving factor this market.
              • improve their economic conditions. For example is the driving factor this market.
              • in India is the driving factor this market.
              • the Smart Cities Mission is the driving factor this market.
              • the Make in India is the driving factor this market.
              • and Housing for All initiatives are undertaken by the Indian government is the driving factor this market.
              • which will remain a huge driver for the construction market in the country. The government launched the Housing for All scheme in 2015 is the driving factor this market.
              • a program that aims at building houses for the urban poor. Other initiatives undertaken by the Indian government will help increase the number of construction projects and develop affordable housing in India. Also is the driving factor this market.
              • the policies implemented by the Indian government will ensure quicker approvals for construction projects. The flow of foreign direct investment (FDI) will have a positive impact on the real estate and construction industries. The introduction and implementation of the goods and service tax (GST) will also ease tax-related complexities in the construction industry. These initiatives will help in improving the construction industry in India is the driving factor this market.
              • which will increase the demand for construction adhesives.In Indonesia is the driving factor this market.
              • an emerging economy in APAC is the driving factor this market.
              • construction activities contribute to 10% of its GDP. The government has announced infrastructure spending estimated at billions of dollars between 2021 and 2023 in the country. In the housing sector is the driving factor this market.
              • the country lacks infrastructure facilities with a shortage of millions of residential homes. In Thailand is the driving factor this market.
              • the government has infrastructural projects in the pipeline until 2025. These projects focus on improving the physical and digital connectivity in the country. In 2021 PTT is the driving factor this market.
              • Thailand's state-owned oil company is the driving factor this market.
              • planned to invest $28.3 billion over the next five years across all its businesses as it concentrates on boosting the country's LNG and natural gas industries. The 867-km rail link connecting Bangkok and Laos is one of the highlights of the infrastructure projects is the driving factor this market.
              • which is expected to be extended to China. In addition is the driving factor this market.
              • Thailand is planning to build two smart cities in Phuket and Chiang Mai.In the Middle East is the driving factor this market.
              • countries such as Qatar and the UAE are planning to expand their construction industry and infrastructure. This will result in the construction of more buildings and housing units. The expansion of automotive is the driving factor this market.
              • industrial machinery is the driving factor this market.
              • and food production facilities is mainly driven by the need to cater to the increasing demand from growing markets in the Gulf Cooperation Council (GCC) countries is the driving factor this market.
              • other countries in the Middle East is the driving factor this market.
              • and Africa. Similarly is the driving factor this market.
              • Qatar plans to improve its roadways infrastructure. In Europe is the driving factor this market.
              • the construction adhesives market looks promising for growth is the driving factor this market.
              • particularly in central and eastern Europe is the driving factor this market.
              • as these nations are experiencing a recovery that is heading toward growth. Poland is expected to make heavy investments in the construction industry during the forecast period along with other central and eastern European countries. These developments will drive heavy investments in the construction industry is the driving factor this market.
              • which is expected to increase the demand for construction adhesives globally. is the driving factor this market.

              The Construction Adhesives market vendors should focus on grabbing business opportunities from the Residential segment as it accounted for the largest market share in the base year.