Construction adhesives Market by End-user and Geography - Forecast and Analysis 2022-2026

The construction adhesives market share is expected to increase by USD 3.65 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.52%.

This construction adhesives market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers construction adhesives market segmentations by end-user (residential, commercial, and industrial) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The construction adhesives market report also offers information on several market vendors, including 3M Co., ARDEX GmbH, Arkema S.A., Avery Dennison Corp., Custom Building Products, DAP Global Inc., Dribond Construction Chemicals, DURA PRO, FLEXTILE LTD., Franklin International, H.B. Fuller Co., Henkel AG & Co. KGaA, Illinois Tool Works Inc., JMH International Ltd., LATICRETE International Inc, Mapei SpA, Saint Gobain Weber, Sika AG, The Dow Chemical Co., and Terraco Holdings Ltd among others.

What will the Construction Adhesives Market Size be During the Forecast Period?

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Construction Adhesives Market: Key Drivers, Trends, and Challenges

The increased government spending on infrastructure is notably driving the construction adhesives market growth, although factors such as the rise in the price of construction adhesives may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the construction adhesives industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Construction Adhesives Market Driver

• The increased government spending on infrastructure is one of the key drivers fueling the construction adhesives market growth. 
• 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, the presence of well-established infrastructure also raises the living standards and human development index of a country. 
• APAC has seen the biggest growth in infrastructure spending between 2019 and 2021, with a sharp growth in 2022. Despite this growth, countries in the region are expected to invest more to match countries in Europe and North America. 
• Governments in India, Indonesia, and Thailand are taking initiatives to encourage the construction industry in their respective countries, which will, in turn, improve their economic conditions. For example, in India, the Smart Cities Mission, the Make in India, and Housing for All initiatives are undertaken by the Indian government, which will remain a huge driver for the construction market in the country.
• 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, which will increase the demand for construction adhesives.

Key Construction Adhesives Market Trend

• The rise in the adoption of eco-friendly adhesives is one of the key construction adhesives market trends propelling the market growth.
• Eco-friendly adhesives can lower solvent emissions and airborne particles that are released by the adhesive. This has resulted in manufacturers shifting their focus toward manufacturing construction adhesives using low VOC-emitting materials, such as recycled denim or cellulose insulation.
• The adoption of water-based adhesives, which are considered eco-friendly, is increasing as they are low in VOCs. They form a bond between two substrates once the water in the formulation evaporates or gets absorbed into the substrate, leaving the adhesive behind.
• Some manufacturers of construction adhesives are fully committed to formulating environment-friendly adhesives to meet the highest possible standards of environmental health and safety. Thus, the rise in the adoption of eco-friendly adhesives is likely to fuel market demand for construction adhesives during the forecast period.

Key Construction Adhesives Market Challenge

• The rise in the price of construction adhesives is one of the key factors limiting the construction adhesives market growth.
• The raw materials that are used to manufacture construction adhesives are sourced from crude oil and petrochemicals.
•  The volatility in the price of crude oil is likely to affect the prices of raw materials, which, in turn, might affect the profitability of market vendors. For instance, the global price of crude oil increased from $50 per barrel to $86 per barrel during January 2021-October 2021.
• The increase in the prices of raw materials has influenced vendors to increase the prices of construction adhesives. Thus, the rise in the prices of construction adhesives could lead to a reduction in the use of construction adhesives in developing economies where end-users are price-conscious. 

This construction adhesives market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global construction adhesives market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the construction adhesives market during the forecast period.

Who are the Major Construction Adhesives Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

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

 

This statistical study of the construction adhesives market encompasses successful business strategies deployed by the key vendors. The construction adhesives market is fragmented and the vendors are deploying growth strategies such as acquisitions to compete in the market.

Product Insights and News

• 3m.com - The safety and industrial segment focuses on industrial abrasives and finishing for metalworking applications, autobody repair solutions, closure systems for personal hygiene products, masking, and packaging materials.
• 3m.com - The company offers polyurethane construction sealant 525 which is designed to seal construction expansion joints.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The construction adhesives market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Construction Adhesives Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the construction adhesives market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Construction Adhesives Market?

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43% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the construction adhesives market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The rise in the commercial and residential construction sectors will facilitate the construction adhesives market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 negatively affected the regional market. However, the governments in APAC countries made efforts in 2021 to improve the construction industry, which will drive market growth in the forecasted period.

What are the Revenue-generating End-user Segments in the Construction Adhesives Market?

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The construction adhesives market share growth in the residential segment will be significant during the forecast period. The residential segment of the global construction adhesives market is mainly driven by the demand for construction adhesives used in residential housing. The residential construction industry uses construction adhesives for bonding, maintenance, renovation, and repairing applications in residential projects. In the residential construction sector, construction adhesives are used to bond materials with each other and are also used as raw materials in concrete mixtures, slabs, coatings, and others. Such wide use of construction adhesives in residential sectors will boost the market growth in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the construction adhesives market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Construction Adhesives Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.52%
Market growth 2022-2026	$ 3.65 billion
Market structure	Fragmented
YoY growth (%)	4.75
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 43%
Key consumer countries	US, China, India, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	3M Co., ARDEX GmbH, Arkema S.A., Avery Dennison Corp., Custom Building Products, DAP Global Inc., Dribond Construction Chemicals, DURA PRO, FLEXTILE LTD., Franklin International, H.B. Fuller Co., Henkel AG & Co. KGaA, Illinois Tool Works Inc., JMH International Ltd., LATICRETE International Inc, Mapei SpA, Saint Gobain Weber, Sika AG, The Dow Chemical Co., 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, and Market condition analysis for the forecast period.
Customization purview	If our 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 Construction Adhesives Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive construction adhesives market growth during the next five years
• Precise estimation of the construction adhesives market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the construction adhesives industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of construction adhesives market vendors

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