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Table of Contents
Construction Adhesives Market is expected to grow at a CAGR of 5.8 % between 2024 and 2030. Construction Adhesives are one of the construction chemical compounds) added to construction materials or formulations to improve the workability, performance, and strength of the construction materials. These adhesives are generally used to either bond or repair two surfaces or items on the construction site. Excellent bond strength, high chemical stability, high-temperature stability, and weather resistance are important properties of construction adhesives, which make them an integral part of various commercial and industrial sectors.
These products are being increasingly used the construction activities, such as carpet laying, ceramic tiles, concrete, flooring underlayment, pre-finished panels, roofing, waterproofing, flooring & insulation, cladding, and reinforcement of various commercial and industrial sectors. The industry has witnessed numerous technological advancements and new innovations that promote the usage of construction adhesives in industrial and residential buildings. The emerging economies, such as Brazil, South Africa, Saudi Arabia, Israel, Egypt, Mexico, and Argentina with their growing economy and increasing government expenditure on construction in, are expected to boost the market for adhesives during the next decades.
Increasing use of construction adhesives in architectural design and renovation of old buildings are among other factors driving their growth globally. Rapid urbanization, changing lifestyles, rising safety concerns, and a healthy living environment with increasing disposable income in emerging economies have influenced the consumption trends of construction materials. These factors are expected to boost the growth of the Construction Adhesives Market over the forecast period.
Global Construction Adhesives Market is split into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Asia Pacific, powered by India and China, holds a dominant share of the market. Due to the high rapid growth, driven by the significant economic progress and infrastructural development in various countries across the Asia Pacific region, the Construction Adhesives Market witnessing a steady increasing growth across the region in coming decades. Europe and North American markets in the coming years are expected to show slow growth as the market is predicted saturated already.
Construction Adhesives Market: Product Type
Construction Adhesives Market: End Users/Application Analysis
Construction Adhesives Market : Competitive Analysis
Report includes an accurate analysis of key players with Market Value, Company profile, and SWOT analysis. The Study consists of following key players in Construction Adhesives Market:
Geographical analysis of Construction Adhesives Market:
Global Construction Adhesives Sales Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 11418.40 million |
Forecast Value (2031) |
USD 16943.56 million |
CAGR (2025-2030) |
5.8 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Construction Adhesives Sales Market was valued at around USD 11418.40 million in 2023 & estimated to reach USD 16943.56 million by 2030.
Construction Adhesives Sales Market is likely to grow at Compound Annual Growth Rate (CAGR) of 5.8% between 2024 to 2030.
Construction Adhesives Sales Market is dominated by the Acrylic segment and the Asia Pacific region holds the highest market share in 2023.
Some of the top key players in the Construction Adhesives Sales Market are Henkel (Germany), 3M (US), Bostik (France), Sika (Switzerland), BASF (Germany), Dow Chemical (US), DAP Products (US), Franklin International (US), Illinois Tool Works (US), Avery Dennison (US).
Primary driving factors for the growth of the Construction Adhesives Sales Market include Increasing use of construction adhesives in architectural design and renovation of old buildings.
Yes, the report includes COVID 19 impact on the market.
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