PUBLISHER: The Business Research Company | PRODUCT CODE: 1648639
PUBLISHER: The Business Research Company | PRODUCT CODE: 1648639
Construction adhesives play a crucial role in various applications such as waterproofing, roofing, carpet laying, cladding, and insulation within the construction industry. These adhesives are designed to permanently bind diverse materials, providing enhanced efficiency and design flexibility. They are commonly employed in attaching drywall, tiles, holdings, and fixtures to walls, ceilings, and floors during construction activities.
The primary types of construction adhesives include water-based, solvent-based, hot-melt, and reactive adhesives. Water-based adhesives are known for their fast action and the ability to create high-strength bonds in construction applications. They utilize water as a solvent to form the coating. Various resin types, including acrylic adhesive, polyurethane (PU), polyvinyl acetate (PVA), and epoxy, are employed in construction adhesives, catering to a range of applications in residential, commercial, and industrial settings.
The construction adhesives market research report is one of a series of new reports from The Business Research Company that provides construction adhesives market statistics, including construction adhesives industry global market size, regional shares, competitors with a construction adhesives market share, detailed construction adhesives market segments, market trends and opportunities, and any further data you may need to thrive in the construction adhesives industry. This construction adhesives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The construction adhesives market size has grown strongly in recent years. It will grow from $12.06 billion in 2024 to $13.1 billion in 2025 at a compound annual growth rate (CAGR) of 8.6%. 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.
The construction adhesives market size is expected to see strong growth in the next few years. It will grow to $18.87 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. 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.
The rise in construction activities is projected to drive the growth of the construction adhesives market in the future. Construction involves assembling materials to create large structures. The growing construction activities for both residential and non-residential buildings are contributing to the expansion of the construction adhesives market. For example, data from the U.S. Census Bureau, a federal statistical agency in the United States, revealed in August 2024 that the pace of new residential construction has significantly slowed compared to previous years. In July 2024, there were 1.54 million housing starts, representing a 6.5% decrease from the previous month and a 20% decline compared to July 2023. Therefore, the increase in construction activities is driving the growth of the construction adhesives market.
The increasing investment in the infrastructure sector is anticipated to drive the growth of the construction adhesives market in the future. The infrastructure sector encompasses the physical and organizational systems and facilities that support and enable various facets of modern society, including transportation, energy, communication, and public services. Investment in this sector contributes to the construction adhesives market by creating opportunities for the development of innovative construction methods, materials, and technologies. For example, a report published in July 2024 by the Office for National Statistics, a UK-based government department, indicated that total government investment in infrastructure rose by 9.6% in 2022, reaching £26.0 billion in current prices compared to 2021. Therefore, the growing investment in the infrastructure sector is propelling the growth of the construction adhesives market.
Construction companies are increasingly incorporating bio-based adhesives into their construction activities. Growing awareness of environmental issues and the depletion of fossil resources has spurred the development of bio-based adhesives, which have a low carbon footprint and adhere effectively to various substrates. These bio-based adhesives are made from renewable, eco-friendly materials and possess advantageous mechanical and chemical properties that enhance their efficiency. For example, in March 2023, Henkel AG & Co. KGaA, a chemicals company based in Germany, launched its new LOCTITE(R) HHD 5000, a high-performance bio-based polyurethane reactive (PUR) hot melt adhesive.
Leading companies in the construction adhesives market are developing Nuplaviva(TM) to enhance their global presence and achieve a competitive advantage. Nuplaviva(TM) aims to reduce dependence on fossil carbon and promote a more circular economy by facilitating incremental and beneficial sustainable changes. For example, in 2023, Bostik SA expanded its bio-based adhesive portfolio with the introduction of Nuplaviva(TM) i90, which contains 90% renewable content. This new hot-melt adhesive is specifically designed to serve as a wetness indicator for absorbent hygiene products, such as diapers and adult incontinence items.
In a strategic move in July 2022, H.B. Fuller Company, a prominent US-based manufacturer and distributor of sealants, adhesives, and specialty chemical products, acquired Fourny NV for an undisclosed amount. This acquisition aligns with H.B. Fuller's plan to enhance its manufacturing capabilities, product line, and workforce in Europe, with a particular focus on developing industries such as roofing and building envelopes. Additionally, the acquisition aims to improve supply chain management in the European region. Fourny NV, the acquired company, is a Belgium-based formulator specializing in industrial adhesives.
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., 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.
Asia-Pacific was the largest region in the construction adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the construction adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the construction adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
The construction adhesive market consists of sales of construction adhesives by chemistry, such as acrylic adhesives, polyurethanes, and silicones. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Construction Adhesives Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on construction adhesives market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for construction adhesives ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The construction adhesives market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.