Construction Adhesives Market Prospects on the Rise Anticipating Market Size's Soaring Outlook

Allied Market Research recently released a comprehensive report titled "Construction Adhesives Market by Resin Type, by Technology, by Application, and by Region: Global Opportunity Analysis and Industry Forecast, 2021-2031." This detailed study offers insights into the construction adhesives market's size, share, and potential growth opportunities over the next decade.

According to the report, the global construction adhesives market generated $9.6 billion in revenue in 2021. It is expected to grow at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2031, reaching an estimated value of $16.9 billion by 2031.

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One of the major drivers of market growth is the increasing demand for construction adhesives in residential housing and infrastructure projects. The construction adhesives market is witnessing a surge in demand as builders and contractors explore innovative methods to incorporate adhesive materials into their projects.

However, the market is not without its challenges. The presence of volatile organic compounds (VOCs) in solvent-based adhesives poses a significant threat to market growth. Stringent regulations and guidelines related to VOCs have forced manufacturers to invest in the development of low-VOC and VOC-free adhesives.

The COVID-19 pandemic had a significant impact on the construction adhesives market, with the temporary closure of construction facilities leading to supply chain disruptions and labor shortages. The demand for construction adhesives was severely affected as a result.

In terms of application, the residential segment held the highest market share in 2021 and is expected to maintain its leadership status throughout the forecast period. However, the commercial segment is projected to witness the highest CAGR of 6.2% from 2022 to 2031.

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Based on resin type, the acrylic segment dominated the market in 2021 and is expected to maintain its lead position throughout the forecast period. The polyurethanes segment, on the other hand, is projected to witness the highest CAGR of 6.4% from 2022 to 2031.

Water-based adhesives are the most widely used technology in the construction adhesives market, owing to their low odor, low VOC content, and ease of use. However, the solvent-based segment is expected to grow at the highest CAGR of 6.2% from 2022 to 2031.

Geographically, the Asia-Pacific region accounted for nearly two-fifths of the global construction adhesives market in 2021. The region is expected to maintain its dominance throughout the forecast period, with a projected CAGR of 6.1% from 2022 to 2031.

Key players in the construction adhesives market include Huntsman International LLC, DAP Global Inc., MAPEI S.p.A., Sika AG, 3M, ARDEX AMERICAS, Permabond LLC, BASF SE, Henkel AG & Co., and H.B. Fuller Company.

The report offers a comprehensive analysis of the construction adhesives market's competitive landscape, including market share analysis, key market players, and their strategies. It also provides insights into the market's growth potential, including statistical data and graphs.

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