The global construction adhesives market size is expected to reach USD 15.84 billion by 2032, according to a new study by Polaris Market Research. The report “Construction Adhesives Market Share, Size, Trends, Industry Analysis Report, By Resin Type (Acrylic, Polyurethanes, Polyvinyl Acetate, Epoxy, Others); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Construction glue, which holds two or more materials together, is fundamentally a chemical substance. They range from basic home products to building materials since they are frequently used in applications like ornamental laminates, bonding plywood, concrete, particleboard, metals, and other things.
Construction adhesive's expanding commercial and residential uses, as well as the increased need for adhesives in historic building renovation and architectural design, are the primary factors driving the market's growth pace. Also, increased government spending on infrastructure projects and rising demand for low-VOC, sustainable, and environmentally friendly adhesives will open up new market opportunities. Yet, the construction adhesive market cannot grow due to the fluctuation in raw material prices.
Different materials can be bonded with remarkable flexibility using construction adhesives. It is superior to other binding techniques because it is more affordable and distributes tension across joints more effectively. Polymer adhesives, reactive adhesives, pressure adhesives, hot melt adhesives, electrically conductive adhesives, acrylic adhesives, epoxy adhesives, phenolic resin adhesives, plastisol adhesives, solvent-based adhesives, thermoset adhesives, UV curing adhesives, and water-based adhesives are just a few of the types of adhesives used in construction.
The increased usage of construction adhesives in the floors of airports, homes, and hospitals is fueling the expansion of global construction activity. Flooring uses a variety of stresses and applications for construction adhesives. Also, the increase in income levels has increased demand for interior design and architecture. The global construction adhesives market is anticipated to increase as a result of the availability of numerous designs, surface textures, and patterns for fashionable home décor such as wallpapers. Sika AG, a top chemical company that makes adhesives for use in construction and the automotive industry, has purchased The Yokohama Rubber's adhesives business subsidiary Hematite in April 2020. The company's portfolio of sealing and bonding products for Japan's construction industry will grow as a result of this acquisition. Moreover, Sika's access to Japanese OEMs will improve as a result. Bostik, one of the main manufacturers of adhesive solutions and a division of Arkema, has agreed to purchase Ashland's Performance adhesives business in March 2021. The acquisition is intended to help the business achieve its high-performance and sustainability goals. Innovative Chemical Products purchased The Choice Adhesives in April 2021, a market leader in specialized adhesive solutions for a range of sectors (ICP Group)
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There is an increasing demand for shelters as a result of increased urbanization and rising population numbers in many countries throughout the world. Residential communities are being made available to people by the governments of several countries, primarily to help the poor. Also, as modular and designer homes gain popularity, there will be a huge increase in demand for construction adhesives, which will propel market expansion. The COVID-19 pandemic-related suspension of building operations, however, is anticipated to act as a significant barrier to the expansion of the global construction adhesives market during the course of the projected year.
Construction adhesives Market Report Highlights
Polaris Market Research has segmented the construction adhesives market report based on resin type, technology, application and region:
Construction adhesives, Resin Type Outlook (Revenue - USD Billion, 2019 - 2032)
Construction adhesives, Technology Outlook (Revenue - USD Billion, 2019 - 2032)
Construction adhesives, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Construction adhesives, Regional Outlook (Revenue - USD Billion, 2019 - 2032)