Construction Adhesives Market Outlook 2024: Exclusive Report By The Business Research Company | Minnesota Mining and Manufacturing Company., Adhesives Technology Corporation, Arkema SA

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2236

The Business Research Company offers in-depth market insights through Construction Adhesives Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The construction adhesives market size has grown strongly in recent years. It will grow from $11.15 billion in 2023 to $12.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to construction and infrastructure projects, building renovations and repairs, growing need for green building and sustainability, increasing regulatory compliance, and urbanization and population growth
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The construction adhesives market size is expected to see strong growth in the next few years. It will grow to $17.05 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to increasing digital construction workflows, circular economy practices, construction safety standards, emerging market growth, and growing adaptation to changing climate conditions. Major trends in the forecast period include high-performance and specialty adhesives, innovative prefabrication and modular construction, introduction of sustainable and low-voc adhesives, innovative technological integration, and smart building technologies.

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Market Segmentation:
The main types of construction adhesives are water-based, solvent-based, hot-melt, and reactive. Water-based adhesives are used for fast action and to create high-strength bonds in construction activities. These use water as a solvent to create the coating. The various resin types used in construction are acrylic adhesive, polyurethane (PU), polyvinyl acetate (PVA), and epoxy, and they offer various applications such as residential, commercial, and industrial.

Major Driver - Elevated Construction Activities Driving Growth In The Construction Adhesives Market
The increase in construction activities is expected to propel the growth of the construction adhesives market going forward. Construction is the process of putting together materials to create enormous structures. The increasing construction activities for residential and non-residential buildings are promoting the construction adhesives market's growth. For instance, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development's new residential construction data, in 2021 1,337,800 new residential housing construction units were completed, a 4% increase from 2020. Therefore, the increase in construction activities is fueling the construction adhesives market growth.

Competitive Landscape:
Major companies operating in the construction adhesives market include Minnesota Mining and Manufacturing Company., Adhesives Technology Corporation, Arkema SA, Avery Dennison Corporation, DAP Products Inc., Dow Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, ITW Performance Polymers, MAPEI S.p.A., Sika AG, Wacker Chemie AG, Ashland Inc., Don Construction Products Limited, Franklin International Group Ltd., Parker Hannifin Corp., LORD Corp., M-D Building Products Inc., RPM International Inc., BASF SE, Permabond LLC, ARDEX AMERICAS Inc., Huntsman International LLC, Bostik SA, Jowat SE, Pidilite Industries Limited, Royal Adhesives & Sealants LLC, The Dow Chemical Company, Akzo Nobel N.V., Chemence Inc., Collano Adhesives AG, Delo Industrial Adhesives LLC, Hexion Inc., Master Bond Inc., Parson Adhesives Inc.

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Top Trend - Construction Industry Embracing Eco-Friendly Bio-Based Adhesives For Sustainable And Efficient Building Practices
Construction companies are increasingly using bio-based adhesives in their construction activities. Growing awareness of environmental problems and diminishing fossil resources has led to the development of bio-based adhesives that have a low carbon footprint and can attach well to a variety of substrates. The bio-based adhesives consist of renewable, bio-based materials that are environmentally friendly and have beneficial mechanical and chemical properties that make them more efficient. For instance, in May 2021, Henkel AG & Co., a Germany-based chemicals company, announced the development of LOCTITE HHD 3544F, the industry's first bio-based adhesive, whose two-thirds of the content is sourced from renewable, plant-based feedstocks.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Construction Adhesives Market Characteristics
3. Construction Adhesives Market Trends And Strategies
4. Construction Adhesives Market - Macro Economic Scenario
5. Construction Adhesives Market Size And Growth
…..
27. Construction Adhesives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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