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Construction Adhesives Global Market Report 2024 - By Report, Size, Share And Industry Growth, Forecast To 2033
Construction Adhesives Market
As per the report, 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 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%.
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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.
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 construction adhesives market covered in this report is segmented -
1) By Type: Water-based, Solvent-based, Hot-melt, Reactive
2) By Resin Type: Acrylic Adhesive, Polyurethane (PU), Polyvinyl Acetate (PVA), Epoxy
3) By Application: Residential, Commercial, Industrial
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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.
Contents of the report:
1. Executive Summary
2. Construction Adhesives Market Report Structure
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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