Construction Adhesive Market by Product Type (Epoxies, Polyurethanes, Polyamides and Others), By Load Carrying Capability (Structural and Non-Structural), by Application (Resilient Flooring, Drywall Lamination, Roofing, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 13-May-2021 Category: Chemical & Materials Report Format : PDF Pages: 130 Report Code: ZMR-1056 Status : Published

The global construction adhesive market accounted for USD 8.42 Billion in 2020 and is expected to reach USD 12.05 Billion by 2028, growing at a CAGR of 5% from 2021 to 2028.

Description

Market Overview

The global construction adhesive market accounted for USD 8.42 Billion in 2020 and is expected to reach USD 12.05 Billion by 2028, growing at a CAGR of 5% from 2021 to 2028.

Adhesives are gluing agents that are used to adhere materials which range from basic household materials to construction materials. Construction adhesive is a multipurpose adhesive that used to adhere drywall, tile, molding, and fixtures to walls, ceilings, and floors. Globally, growing construction and infrastructure activities are driving up demand for construction adhesives. Low cost and easy availability, as well as improved properties and production techniques, are driving growth. In the construction industry, advancements in adhesive technologies have encouraged the use of plastic flooring materials in the building industry, both for internal and outdoor (e.g., rubber sport courts) applications. Improvements in adhesive efficiency have also aided the growing use of luxury vinyl tile (LVT) in high-traffic areas including hospitals.

COVID-19 Impact Analysis

The outbreak of COVID-19 has had several short-term and long-term consequences in the construction industry, which are likely to affect the demand for construction adhesives. Workplace disruptions or project cancellations occurred, and demand for “non-essential” projects such as offices, entertainment, and sports facilities reduced. The demand for construction adhesives would continue to be constrained as a result of the shutdown of such projects and other construction activities.

Growth Factors

The rapid growth of the construction adhesives industry has been fueled by rising demand from the non-residential and residential industries, government incentives for affordable housing to improve construction activities, and ongoing infrastructure projects.

Increase in end-use activities such as the expansion of logistic terminals, the growth and expansion of new manufacturing facilities, car assembly plants, multi-story buildings, oil pipelines, and water treatment plants have also raised demand for adhesive in construction.

Report Scope:

Product Type Segment Analysis Preview

Polyurethane segment will grow at a CAGR of over 4% from 2021 to 2028. This is attributable to rising demand for lightweight and durable goods in the automotive, construction, and electronics industries. Overall demand for is expected to be fueled by the end-use industries in developed countries, as well as the product's flexibility and specific physical properties. Furthermore, the growing adoption of innovative manufacturing technologies for polyurethane (PU) with advanced properties is expected to boost overall demand in the market.

Load Carrying Capacity Segment Analysis Preview

The structural adhesives segment will grow at a CAGR of around 6% from 2021 to 2028. This is attributable to rising adhesive demand caused due to increased adoption of composite, demand for non-hazardous, renewable, and sustainable structural adhesives. Structural adhesives are used to join materials that must withstand loads or pressures that could endanger the structure's integrity. Epoxy is the most commonly used structural additive because it can bind to a wide range of materials and has high strength. Epoxy structural adhesives are used to bind different substrates such as ceramics, metal, wood, concrete, composites, and rubber used in automotive, buses and trucks, and railways. Non-structural adhesives keep materials in place that are not subject to critical stress like tiles, laminates, floor coverings, millwork, and other elements.

Regional Analysis Preview

North America region held a share of around 30% in 2020. This is attributable to the fact that the residential construction demand has outperformed the overall economy and recovered from the COVID-19's initial shock. This was because of the low mortgage rates and a significant shift in mode of employment (work from home), which caused many renters and first-time buyers to opt for more accessible and larger living spaces in lower density areas such as suburbs, exurbs, and rural communities while maintaining their employment and wealth.

Asia Pacific region is projected to grow at a CAGR of around 7% over the forecast period. This surge is due to fast economic growth, increasing demand from infrastructure construction in countries like India and China along with increase in activities like maintenance, and renovation. In countries like India, there has been an increase in government expenditure to boost infrastructure and development activities like power generation, bridges, dams, highways, and urban infrastructure growth, all of which serve as a foundation and support for other service sectors.

Key Market Players & Competitive Landscape

Some of key players in construction adhesive market Henkel, H.B. Fuller, Sika, DowDuPont, Bostik, 3M, Avery Dennison, Franklin International, Dap, LORD Corp., and ITW, among others. 

To increase the use of adhesives and sealants, companies in this market are aggressively pursuing strategies to identify and engage specific targeted segments of end-users. They're also attempting to create additional member-led tools aimed at particular end user markets, educating them of the advantages of using adhesives and sealants in the production of their products.

The global construction adhesive market is segmented as follows:

By Product Type

  • Epoxies
  • Polyurethanes
  • Polyamides
  • Others

By Load Carrying Capability

  • Structural
  • Non-Structural

By Application

  • Resilient flooring
  • Drywall Lamination
  • Roofing
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product Type
        • 2.1.1.2. Market Attractiveness Analysis, By Load Carrying Capability
        • 2.1.1.3. Market Attractiveness Analysis, By Application
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Construction Adhesive Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Construction Adhesive Market – Product Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product Type , 2020 & 2028
    • 4.2. Epoxies
      • 4.2.1. Market Size and Forecast, By Region (USD Million)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Pulyurethanes
      • 4.3.1. Market Size and Forecast, By Region (USD Million)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Pulyamides
      • 4.4.1. Market Size and Forecast, By Region (USD Million)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Others
      • 4.5.1. Market Size and Forecast, By Region (USD Million)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Construction Adhesive Market – Load Carrying Capability Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Load Carrying Capability, 2020 & 2028
    • 5.2. Structural
      • 5.2.1. Market Size and Forecast, By Region (USD Million)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Non-Structural
      • 5.3.1. Market Size and Forecast, By Region (USD Million)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Construction Adhesive Market – Application Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 6.2. Resilient Flooring
      • 6.2.1. Market Size and Forecast, By Region (USD Million)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Drywall Lamination
      • 6.3.1. Market Size and Forecast, By Region (USD Million)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Roofing
      • 6.4.1. Market Size and Forecast, By Region (USD Million)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Others
      • 6.5.1. Market Size and Forecast, By Region (USD Million)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Construction Adhesive Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Product Type , 2016 – 2028
      • 7.2.3. North America Market Revenue, By Load Carrying Capability, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Product Type , 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Product Type , 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Product Type , 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Product Type , 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Load Carrying Capability, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Product Type , 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Product Type , 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Product Type , 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Product Type , 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Product Type , 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Product Type , 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Product Type , 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Load Carrying Capability, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Product Type , 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Product Type , 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Product Type , 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Product Type , 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Product Type , 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Product Type , 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Product Type , 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Load Carrying Capability, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Product Type , 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Product Type , 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Product Type , 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Product Type , 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Load Carrying Capability, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Product Type , 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Product Type , 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Product Type , 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Load Carrying Capability, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 8 Construction Adhesive Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Construction Adhesive Market: Company Market Share, 2019
      • 9.1.2. Global Construction Adhesive Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Construction Adhesive Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Construction Adhesive Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Henkel
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. H.B. Fuller
    • 10.3. Sika
    • 10.4. DowDuPont
    • 10.5. Bostik
    • 10.6. 3M
    • 10.7. Avery Dennison
    • 10.8. Franklin International
    • 10.9. DAP
    • 10.10. LORD Corporation
    • 10.11. ITW
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology


Frequently Asked Questions

The global construction adhesive market was valued at USD 8.42 Billion in 2020.

The global construction adhesive market is expected to reach USD 12.05 Billion by 2028, growing at a CAGR of 5% between 2021 to 2028.

Some of the key factors driving the global construction adhesive market growth are growing construction and infrastructure activities are driving up demand for construction adhesives. Low cost and easy availability, as well as improved properties and production techniques, are driving growth.

North America region held a substantial share of the construction adhesive market in 2020. This is attributable to the low mortgage rates and a significant shift in mode of employment (work from home), which caused many renters and first-time buyers to opt for more accessible and larger living spaces in lower density areas.

Some of the major companies operating in the construction adhesive market are Henkel, H.B. Fuller, Sika, DowDuPont, Bostik, 3M, Avery Dennison, Franklin International, Dap, LORD Corp., and ITW, among others.
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