Construction Adhesive Market: Water-Based Adhesives Are Anticipated To Expand At A CAGR Of 5.5% From 2022 To 2030

 Construction Adhesive Industry Overview

The global construction adhesive market size was valued at USD 9.65 billion in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.3% from 2022 to 2030. Growing investments in the infrastructure sector worldwide are likely to push the demand for construction adhesives during the forecast period. As per the United Nations’ report on infrastructure in 2021, increasing investments in the infrastructure segment can add 0.6% to the global GDP. This addition can be more in some countries, including the U.S. and Brazil where it is up to 1.3% and 1.5%, respectively. Emerging economies are expected to remain key markets for construction adhesives demand, as 60% of infrastructure investment is projected to be attracted by these countries.

Commercial construction is anticipated to remain a key driver for the long-term growth of the U.S. market. It accounted for over 34.0% of the revenue share in 2021 and is likely to grow at a moderate CAGR during the forecast period. Adhesives are widely utilized in commercial and residential buildings for bonding insulation foams, plastics, wood-based panels, plasterboard panels, and other synthetic raw materials.

The non-residential sector spending remained low for the most part of 2021. Spending across offices, healthcare, educational, transportation, and commercial settings witnessed the largest y-o-y decline in July 2021. Overall spending declined by 11% in July 2021, compared to pre-pandemic levels. However, additional funding for infrastructure is likely to boost the spending over the next few years.

Gather more insights about the market drivers, restrains and growth of the Global Construction Adhesive market

 

Regardless of the challenges associated with the supply chain, such as higher costs for raw materials and building materials, non-availability of materials, and lack of skilled labor, the residential sector in the country is likely to witness stable growth in the near future. The residential construction sector is mainly supported by strong demand for bigger houses, low mortgage rates, and low housing inventory in the U.S.

Infrastructure investments in the country are likely to boost the demand for adhesives over the coming years. In June 2021, the U.S. government announced a USD 1.2 trillion infrastructure plan to support the country’s economic growth. The plan makes investments in transportation, water management, broadband, telecommunications, energy, and more.


Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

  • Aluminum Forging Market - The global aluminum forging market was valued at USD 21.27 billion in 2022 and is expected to expand at a compounded annual growth rate (CAGR) of 5.9% from 2023 to 2030. The rising demand for lightweight materials in the automotive industry is driving growth.

  • Medical Injection Molding Market - The global medical injection molding market size was estimated at USD 21.37 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. The industry growth is expected to be driven by the demand for mass production of identical medical components with design flexibility and precision at lower costs.

 

Construction Adhesive Market Segmentation

Grand View Research has segmented the global construction adhesive market on the basis of resin type, technology, application, and region:

Resin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

  • Acrylic
  • Polyurethanes
  • Polyvinyl Acetate
  • Epoxy
  • Others

Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

  • Water-based
  • Solvent-based
  • Reactive & others

Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

  • Residential
  • Commercial
  • Industrial

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

Key Companies profiled:

Some prominent players in the global construction adhesive market include:

  • 3M
  • Bostik SA
  • DAP Products, Inc.
  • B. Fuller
  • Henkel AG & Co. KGaA
  • Sika AG
  • Dow

 

Order a free sample PDF of the Construction Adhesive Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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