Construction Adhesives Market is Booming Worldwide Growth Prospects, Incredible Demand and Business Strategies 2024-2031

The global construction adhesives market, as per a report by Allied Market Research, is projected to reach a revenue of $16.3 billion by 2031, marking a significant growth from $9.6 billion in 2021, with a notable CAGR of 5.9% during the forecast period of 2022 to 2031. The market's expansion is primarily attributed to the increasing demand for construction adhesives in residential infrastructure and housing. However, stringent regulations concerning VOC content in solvent-based construction adhesives pose a restraint on market growth. Nevertheless, innovative construction methods incorporating adhesive materials and the development of VOC-free and low-VOC adhesives by manufacturers present lucrative growth opportunities for the market.

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Residential construction holds the largest share of the market and is expected to maintain its dominance throughout the forecast period. Construction adhesives play a vital role in various residential tasks such as flooring, tiling, wall art installation, and exterior insulation, owing to their versatility and enhanced bonding capabilities. The commercial segment is anticipated to witness the highest growth, particularly in roofing applications where adhesives are essential for bonding roofing materials like shingles and tiles, ensuring durability and weather resistance.

Acrylic adhesives lead the market in terms of revenue, thanks to their fast-curing time, strong bonding properties, and versatility across commercial and industrial applications. Polyurethane adhesives are poised to exhibit the fastest growth during the forecast period, driven by their lightweight, durable, and versatile characteristics, contributing to improved aesthetics in building designs.

Water-based adhesives dominate the market technology-wise due to their low VOC content, ease of use, and minimal odor, making them popular in construction. However, solvent-based adhesives are expected to grow rapidly, primarily due to their ability to modify concrete characteristics and extend open time during construction processes.

Regionally, the Asia-Pacific leads in market revenue and is projected to maintain its position, driven by the widespread use of acrylic and latex water-borne adhesives in the building and construction sectors. Notable market players include H.B. Fuller Company, Henkel AG & Co. KGaA, BASF SE, 3M, and others, who are actively involved in strategies to further their market presence.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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