Construction Adhesives Market By Type (Acrylic, Polyvinyl acetate, Epoxy) By Application (Residential, Industrial, Commercial) and Region - Global Forecast to 2026
17 February 2018
The global construction adhesives market is estimated to value US$ 8.8 Bn in 2017 and is projected to register a CAGR of 5.5% in terms of value during the forecast period 2017–2026. The report offers in-depth insights, revenue details, and other vital information regarding the global construction adhesives market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report includes PEST analysis, Porter’s Five Forces analysis, and opportunity map analysis for in-depth understanding of the market. The report offers insightful and detailed information regarding the various key players operating in the global construction adhesives market, their financials, technological innovations, key developments, apart from future strategies, SWOT analysis, acquisitions & mergers, and market footprint. The global construction adhesives market is segmented on the basis of type, technology, application, and region.
Construction adhesives are used to bond materials with each other, and are also used as raw material in construction industry in concrete mixtures, slabs, coatings, and others. Construction adhesives are effective solutions for bonding process, in order to meet demands of construction industry with respect to production speed, flexibility, and efficiency.
Construction adhesives has excellent bonding strength, temperature resistance, chemical resistance, and weather resistant properties. These adhesives are used to either bond or repair various surfaces in construction site. Construction adhesives are part of construction chemicals group which is mixed with construction materials to improve performance, strength, and workability of construction materials.
Global Construction Adhesives Market Dynamics:
Increasing adoption of construction adhesives in construction of commercial, industrial, and residential buildings is expected to drive market growth over the forecast period. Rising awareness regarding interior temperature control in buildings to offer interior and exterior strength from weather-proofing against temperature changes, by use of various wall coatings is expected to be a key driving factor for the market.
Renovation in construction sector in number of countries has led to increased construction activities, particularly in residential and commercial sector. Increasing applications of construction adhesives for windows, exterior walls, roofing, sub-flooring, doors and others, owing to its bonding and weather-proofing properties in such projects is projected to fuel growth of the global construction adhesives market over the forecast period.
However, strict government norms regarding environmental safety emphasizes on manufacturing of less volatile organic compounds (VOC), is projected to adversely affect the construction adhesives market. Rising demand for utilizing and manufacturing of eco-friendly compounds in construction adhesives, owing to stringent government regulations results in augmented manufacturing cost which is projected to hamper growth of the market.
Market Analysis by Construction Adhesives Type:
Among all type segments, acrylic type segment in the global construction adhesives market is expected to register a CAGR of over 5% over the forecast period. This can be attributed to increasing adoption of acrylic construction adhesives owing to its excellent bonding properties in construction industry.
The polyvinyl acetate segment in the global construction adhesives market is expected to account for revenue share of over 22%, owing to its high flexibility and excellent strength, which make it ideal for bonding, sealing, and dust proofing applications. Polyvinyl acetate adhesives have wide applications and are widely used in wood industry owing to its excellent protection against weather and resistance to water, oil, grease, and petroleum fuels. In addition, it holds properties such as high initial tack, invisible bond line, biodegradation resistance, softening at 30-45C, and are available at extremely low cost.
Epoxy adhesives are heat, water, and chemical resistant. These act as electrical and mechanical insulators offering excellent adhesion properties. These adhesives can also withstand hostile environment and are used for UV light curing systems. These factors are expected to drive the demand for epoxy adhesives in building sector.
Market Analysis by Construction Adhesives Technology:
On the basis technology segments, water-based segment in the global construction adhesives market is estimated to register a CAGR of over 5% over the forecast period, owing to increasing adoption of water-based construction adhesives in various end use applications such as spraying, coating, and others.
The solvent based segment in the global construction adhesives market is expected to account for revenue share of over 30%, owing to easy to apply, convenient to use and are best suited to bond complex laminates to solid surfaces properties. In addition, solvent-based adhesives offer fast curing time and have good bonding strength and adhesion properties.
Analysis by Application:
On the basis of application segments, residential segment is anticipated to register highest CAGR of over 5% owing to its properties such as superior bonding strength, high-performance, fast-setting, water resistant, and high-tack adhesive. Residential construction adhesives are one-component, gun-grade, and moisture-cured polyurethane elastomeric adhesives which have enhanced curing time.
Revenue year-on-year growth of industrial segment in the global construction adhesives market is estimated to increase moderately during the forecast period. This is owing to its various features such as fast set time, wood bonding, water resistant, shock impact resistant, applicable to vertical surfaces, and provides paintable finish. Industrial construction adhesives are used for bonding construction materials, such as metal, concrete, ceramic, wood, and most plastics.
Commercial construction adhesives offer excellent adhesion to a wide variety of building materials including bricks, concrete, metals, wood, fiberboards, masonry, marble, cork, polystyrene bath panels, fiberglass, insulation hangers, glazed surfaces, glass, and others.
Analysis by Region:
Market in North America is projected to grow at a steadily, while demand for construction adhesives in Europe region is forecasted to expand at steady rate in near future. The market in emerging countries in Asia Pacific is witnessing fastest growth for construction adhesives market. The growth in Asia Pacific region is driven by growing demand for construction adhesives in countries such as China and India.
Asia Pacific market is projected to dominate the global construction adhesives market and revenue year on year growth of the Asia Pacific market is estimated to increase rapidly during the forecast period, as compared to that of markets in other regions. Strong presence of domestic and international manufacturers and their wide distribution network in emerging economies such as China and India in Asia Pacific region is a key factor driving growth of the Asia Pacific construction adhesives market. Rising demand for construction adhesives in the region, owing to increasing level of industrialization and heightened consumption of these products are major factors expected to contribute towards growth of the Asia Pacific construction adhesives market to a significant extent.
Global Construction Adhesives Market Segmentation:
Segmentation by type:
- Polyvinyl acetate
Segmentation by technology:
Segmentation by application:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- B. Fuller
- 3M Company
- Sika AG
- The DOW Chemical Company
- Bostik SA (Arkema Group)
- Henkel AG & Company, KGaA
- Royal Adhesives & Sealants
- Jowat SE
- Dymax Corporation
- 1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Type
- 2.2.2 Market Snapshot, By Technology
- 2.2.3 Market Snapshot, By Application
- 2.2.4 Market Snapshot, By Region
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