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Construction Adhesive Market Size Statistics: 2019-2025 Value by Product, Grades, & Application

Author : Rahul Varpe | Published Date : 2019-07-04 

Construction Adhesive Market size may witness significant gains during the forecast period owing to rise in residential, commercial and infrastructure project. Growing demand for construction adhesive over traditional adhesives such as wood glues and contact cements and traditional physical fixings including screws owing to their high flexibility and excellent workability and nails will drive the product demand.

Increased product usage for construction activities including ceramic tiles, concrete, flooring underlayment, pre-finished panels, water proofing and roofing should drive construction adhesive market size. Global construction market size may surpass USD 20 trillion by 2021 owing to rise in government investments in various infrastructure facilities. Rise in demand for adhesives in renovation of old buildings and architectural design may boost the overall industry growth.

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Water based construction adhesive may witness strong gains over the forecast timeframe owing to its high bond strength and heat resistant properties along with wide range of applications in areas where odor or solvent based products are not suitable which includes commercial centers, laboratories, and offices. Growing consumer preference for eco-friendly adhesive with zero VOC emission may boost  construction adhesive market growth.

Polyurethane resin based adhesive segment is anticipated to dominate the market over the forecast time frame. It helps in providing high quality adhesion and low-temperature flexibility to most common construction materials such as treated wood, concrete, hardwood flooring, and ceramic. Rise in demand for polyurethane adhesive in modular construction and finish carpentry will boost construction adhesive market growth. Apart from this excellent UV resistant properties of polyurethane resin may favor its demand growth in sustainable building construction.

Construction adhesive are gaining popularity over traditional adhesives due to its ease in application. Its high flexibility, temperature resistance, and stability is expected to boost the product demand in bonding, dust proofing, and sealing application. However, fluctuating raw material prices is expected to hamper industry profitability thereby affecting construction adhesive market price trend.

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Asia Pacific led by India, Japan, and China construction adhesive market size may register strong gains owing to huge investment in infrastructure projects and growing urbanization. The Southeast Asian countries including Vietnam, Indonesia, Thailand, the Philippines and Malaysia will significantly boost the industry growth in this region. Rapidly expanding private sector in Indonesia along with government initiative to enhance the country's tourism infrastructure, and transport network are anticipated to contribute significantly in market growth.
In addition to this Economic Transformation Program launched by Malaysian government may drive the infrastructure and construction activities in Malaysia which will significantly boost regional product demand.

North America led by U.S. construction adhesive market size may witness significant gain owing to rise in demand for bio-based adhesives. Stringent regulation framed by United States Environmental Protection Agency towards ecofriendly construction adhesive due to rise in concern about the environment among consumers will eventually boost the demand for overall product. Technological advancements including innovative processing techniques to decrease the manufacturing cost of the products supported by presence of various major industry players may drive regional industry growth.
Europe driven by France, UK and Germany construction adhesive market may witness moderate growth over the forecast timeframe. However, initiative led by European Commission’s such as energy efficiency incentive programme will supports high investment in energy efficient building construction and renovation project which is likely to  favor product demand in this region.

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Global construction adhesive market share is highly competitive with major industry players include 3M Company, H.B. Fuller, Sika AG, Bostik SA, The Dow Chemical Company, Henkel AG & Co., Franklin International, and Avery Dennison Corporation. Manufacturers are also focusing on merger and acquisitions with local & regional companies to open new market opportunities this will further boost the market for construction adhesive.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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