The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s Construction Adhesives Global Market Report 2023 offers crucial insights into the construction adhesives market help businesses analyse and build stronger strategies.

The global construction adhesives market demonstrates robust growth, ascending from $10.26 billion in 2022 to $11.23 billion in 2023, registering an impressive Compound Annual Growth Rate (CAGR) of 9.4%. This upward trajectory is set to continue, with projections indicating a market size of $15.09 billion by 2027, sustaining a steady CAGR of 7.7%.

• Growth Momentum:
  • Achieving a substantial 9.4% CAGR, the market reaches $11.23 billion in 2023.
  • Anticipated growth to $15.09 billion by 2027, maintaining a steady CAGR of 7.7%.

Construction Surge: Catapulting the Adhesives Market

The upswing in construction activities emerges as a pivotal force propelling the growth of the construction adhesives market. The construction process, involving the assembly of materials to create large structures, is witnessing increased momentum. This surge is particularly notable in the construction of both residential and non-residential buildings, substantiating the market’s robust growth.

• Construction Activity Impact:
  • Increasing construction activities for residential and non-residential buildings propel market growth.
  • U.S. Census Bureau data highlights a 4% increase in new residential housing construction units, reaching 1,337,800 in 2021 compared to 2020.

Industry Leaders: Shaping the Landscape of Construction Adhesives

Key players in the construction adhesives market, including 3M, Henkel AG & Co. KGaA, Sika AG, and others, wield significant influence in steering industry dynamics and contributing to market growth.

• Key Market Players:
  • 3M, Adhesives Technology Corporation, Henkel AG & Co. KGaA, Sika AG, and more.
  • Industry leaders play a pivotal role in shaping the evolution of the construction adhesives market.

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Bio-based Adhesives: A Sustainable Approach to Construction

Construction companies are increasingly embracing bio-based adhesives in their construction activities, marking a significant shift toward sustainability. The heightened awareness of environmental issues and the need for sustainable solutions has prompted the development of adhesives with a low carbon footprint. These bio-based adhesives, derived from renewable, plant-based feedstocks, offer environmentally friendly alternatives with efficient mechanical and chemical properties.

• Bio-based Adhesive Adoption:
  • Construction companies adopt bio-based adhesives for their low carbon footprint and versatility.
  • Henkel AG & Co. introduces LOCTITE HHD 3544F, the industry’s first bio-based adhesive, sourcing two-thirds of its content from renewable, plant-based feedstocks.

Segmentation Dynamics: Unveiling the Diversity of Construction Adhesives

The construction adhesives market unfolds with a diverse segmentation, showcasing the versatility of adhesives across different types, resin compositions, and applications.

• Segmentation Overview:
  • By Type:
    • Water-based
    • Solvent-based
    • Hot-melt
    • Reactive
  • By Resin Type:
    • Acrylic Adhesive
    • Polyurethane (PU)
    • Polyvinyl Acetate (PVA)
    • Epoxy
  • By Application:
    • Residential
    • Commercial
    • Industrial

Regional Dynamics: Asia-Pacific at the Forefront of Growth

In 2022, Asia-Pacific solidified its position as the largest region in the construction adhesives market. As the market continues to evolve, Asia-Pacific maintains its leadership role, emerging as the fastest-growing region in the forecast period.

• Regional Influence:
  • Asia-Pacific claims the largest market share in 2022, highlighting its dominance.
  • The region is expected to lead in growth, showcasing its significance in the construction adhesives market.

Read The Full Construction Adhesives Market Report Here:
https://www.thebusinessresearchcompany.com/report/construction-adhesives-global-market-report

The Construction Adhesives Global Market Report 2023  provides a comprehensive outlook of the construction adhesives market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The construction adhesives market forecast offers a thorough analysis on construction adhesives market size, construction adhesives market share, prominent players and their strategies.

The Table Of Content For The Construction Adhesives Market Include:

1. Construction Adhesives Market Executive Summary
2. Construction Adhesives Market Segments
3. Construction Adhesives Market Size And Construction Adhesives Market Growth Rate
4. Key Construction Adhesives Market Trends
5. Major Construction Adhesives Market Drivers
……
25. Key Mergers And Acquisitions In The Construction Adhesives Market
26. Top Construction Adhesives Companies
27. Construction Adhesives Market Opportunities And Strategies
28. Construction Adhesives Market, Conclusions And Recommendations
29. Appendix

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