Construction Adhesives Market - By Product (Acrylic Adhesives, Polyurethane Adhesives, Epoxy Adhesives, Silicone Adhesives), By Application (Flooring & Tile Adhesives, Roofing Adhesives, Insulation Adhesives, Sealants & Caulks), By End Use, Forecast, 2024 – 2032

Construction Adhesives Market Size

Construction Adhesives Market size was valued at around USD 11.78 billion in 2023 and is anticipated to grow at a CAGR of 4.6% between 2024 and 2032. The increasing number of infrastructure projects has created a significant demand for adhesives. They are used in several construction applications such as flooring, wall paneling, tile installation, roofing, and insulation. Rapid urbanization and population growth will drive the demand for constructing new residential & commercial buildings. This will drive need for construction materials including adhesives, thereby fueling market expansion.
 

Renovation & remodeling projects in residential & commercial buildings require adhesives for bonding & installation purposes. These projects involve the substitution or installation of various building components such as flooring, cabinetry, countertops, and fixtures, further fueling the demand for adhesives.
 

The raw materials used in construction adhesive production include resins, solvents, and additives. The costs of these materials can vary significantly, leading to increased production costs and a surge in final product prices. Furthermore, construction adhesives are subject to various environmental regulations & standards including restrictions on the use of Volatile Organic Compounds (VOCs) and hazardous substances. Manufacturers may find it difficult to comply with evolving regulations, especially if they require significant adjustments to products. Additionally, the presence of alternate fastening methods, such as mechanical fasteners, welding, and brazing, can also impact the adoption of construction adhesives. Creating awareness about the benefits of adhesive bonding over traditional fastening methods is needed to ensure product acceptance.
 

COVID-19 Impact

Lockdown measures and border restrictions imposed during the pandemic affected the availability and transportation of raw materials used in construction adhesive production. Reduced manufacturing capacities and supply chain disruptions hampered the production and distribution of construction adhesives. Construction activities & infrastructure development projects experienced delays, cancellations, and reduced investments, adversely affecting the demand for construction adhesives. This reduced the demand for construction adhesives used in home renovations. Eventually, the number of COVID-19 cases declined, and restrictions were removed, leading to a gradual recovery in industrial operations and market demand.
 

Construction Adhesives Market Trends

The growing focus on sustainability and environmental-friendly practices in the construction industry is increasing the demand for construction adhesives that are low in Volatile Organic Compounds (VOCs), free from hazardous chemicals, and have a marginal environmental impact. Manufacturers are creating eco-friendly adhesives that adhere to strict environmental standards and certifications. The market is witnessing a increasing trend toward the use of hybrid adhesives that combine adhesive technologies such as the bonding properties of structural adhesives with the flexibility of sealants. Hybrid adhesives are versatile, making them ideal for a wide range of construction applications. Multi-purpose adhesives are also becoming common owing to their convenience, efficiency, and the ability to bond with different substrates such as metal, wood, plastics, and concrete. Thus, the growing application scope of construction adhesives is expected to accelerate market growth in the future.
 

Construction Adhesives Market Analysis

Based on product, the construction adhesives market is bifurcated into polyurethane adhesives, acrylic adhesives, epoxy adhesives, silicone adhesives, and others. Polyurethane adhesives held a major market value of USD 5.1 billion in 2022. Acrylic adhesives can bond with a wide variety of substrates such as metals, plastics, wood, and composites. They are extensively used in various construction applications owing to their versatility and strong & durable bonding, thereby augmenting segment growth. Epoxy adhesives offer outstanding bonding strength, making them right for applications requiring structural integrity and load-bearing capabilities. The demand for polyurethane adhesives is attributed to their ability to grant sturdy & resilient bonds. They are employed in applications that need high bond strength such as structural bonding in construction projects, thereby driving segment growth over the projected period.
 

Based on application, the construction adhesives market is categorized into flooring & tile adhesives, concrete & masonry adhesives, roofing adhesives, panel & composite adhesives, insulation adhesives, sealants & caulks, and others. The flooring & tile adhesive segment held a significant market share in 2022 and is anticipated to grow at the CAGR of 4.6% CAGR through 2032. Construction adhesives are witnessing high demand in the flooring installation segment owing to the need for versatile & effective bonding solutions for several types of flooring materials such as tiles, carpet, vinyl, wood, and laminate. Tile adhesives provide outstanding bond intensity and resilience to resist the stresses caused by foot traffic, temperature changes, and moisture, thereby increasing their demand and propelling segment growth in the coming years.
 

Based on end use, the construction adhesives market is divided into residential, commercial, and industrial. The commercial segment held a major share of around 45% in 2022 and is predicted to expand at a rapid pace till 2032. Commercial construction projects comprise interior finishing including the setting up of ceiling tiles, wall coverings, floorings, and decorative elements. These applications require efficient & reliable bonding solutions, thereby fueling the demand for construction adhesives in the commercial segment. The residential construction segment involves renovation & remodeling activities including flooring installation, tile setting, cabinetry installation, and wall paneling. Construction adhesives provide exceptional bonding in these applications, augmenting the residential construction segment growth.
 

U.S. dominated the North American region with a large market share of USD 2.5 billion in 2022 and is predicted to grow at a substantial rate from 2023 - 2032. The increased residential construction including single-family homes, multi-unit housing, and apartment complexes in the region is leading to high product demand. The housing market in North America is witnessing rapid population growth, urbanization, and renovation activities, further impacting the demand for construction adhesives. Also, the growing number of commercial infrastructure development projects including office buildings, retail spaces, healthcare facilities, educational institutions, and hospitality establishments is contributing to the demand for construction adhesives in North America.
 

Construction Adhesives Market Share

Major players operating in the construction adhesives market are:

• Henkel AG & Co. KGaA
• 3M Company
• H.B. Fuller Company
• Sika AG
• Bostik (Arkema Group)
• Dow Chemical Company
• Huntsman Corporation
• Mapei Corporation
• BASF SE
•  Franklin International.

These players focus on strategic partnerships, new product launches, and commercialization for market expansion. They are undertaking research & development efforts to launch advanced products and gain maximum market revenue.
 

The construction adhesives market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2018 to 2032, for the following segments:

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By Product Type

• Acrylic adhesives
• Polyurethane adhesives
• Epoxy adhesives
• Silicone adhesives
• Others

By Application

• Flooring & tile adhesives
• Concrete & masonry adhesives
• Roofing adhesives
• Panel & composite adhesives
• Insulation adhesives
• Sealants & caulks
• Others

By End Use

• Residential
• Commercial
• Industrial

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt