Construction Adhesives Market Analysis

Construction Adhesives Market Analysis

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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.