The Construction Adhesive and Sealant Market is witnessing significant trends that shape its trajectory, responding to the evolving needs of the construction industry. These trends reflect a combination of technological advancements, environmental considerations, and shifts in consumer preferences. Here's a comprehensive overview presented in a paragraph with a pointer format:
Growing Construction Activities Worldwide: One of the primary drivers of the Construction Adhesive and Sealant Market is the global surge in construction activities. As urbanization and infrastructure development projects proliferate, the demand for reliable and high-performance adhesive and sealant solutions is on the rise. This trend is particularly evident in both residential and commercial construction, where these materials play a crucial role in ensuring structural integrity and durability.
Preference for Green and Sustainable Solutions: Environmental sustainability is a key focus in the construction industry, and this is influencing market trends in adhesives and sealants. There is a growing preference for green and sustainable solutions that minimize environmental impact. Manufacturers are responding by developing products with reduced VOC (volatile organic compounds) content and exploring bio-based or recycled materials, aligning with the industry's commitment to eco-friendly practices.
Technological Advancements in Product Formulations: The market is experiencing continuous technological advancements in the formulation of construction adhesives and sealants. Manufacturers are investing in research and development to enhance product performance, durability, and ease of application. Innovations such as instant bonding adhesives and self-leveling sealants are gaining traction, providing construction professionals with more efficient and effective solutions.
Rising Demand for High-Performance Adhesives: The construction industry is increasingly demanding high-performance adhesives that can withstand challenging conditions. Whether it's extreme temperatures, heavy loads, or exposure to harsh chemicals, there is a growing need for adhesives that offer superior bonding strength and durability. This trend is particularly prominent in sectors such as aerospace, automotive, and infrastructure where adherence to stringent performance standards is essential.
Expanding Application Scope: The application scope of construction adhesives and sealants is expanding, driven by their versatility. These materials are no longer limited to traditional construction purposes but are finding increased usage in niche applications such as automotive assembly, electronics manufacturing, and medical devices. This diversification of applications is broadening the market's reach and contributing to its overall growth.
Impact of COVID-19 on Supply Chain Dynamics: The Construction Adhesive and Sealant Market experienced disruptions in the wake of the COVID-19 pandemic, affecting supply chain dynamics. Issues such as raw material shortages, transportation delays, and workforce challenges impacted production and distribution. While the industry has shown resilience in adapting to the new normal, these challenges underscore the importance of supply chain flexibility and resilience.
Focus on Energy-Efficient Building Solutions: With a growing emphasis on energy efficiency in buildings, there is an increased demand for construction adhesives and sealants that contribute to thermal insulation and airtightness. These materials play a crucial role in enhancing the energy performance of buildings, reducing heat loss, and improving overall sustainability. As energy efficiency regulations tighten globally, this trend is likely to drive further innovation in adhesive and sealant solutions.
Report Attribute/Metric | Details |
---|---|
Market Opportunities | Development of high performance adhesives and sealants |
Market Dynamics | High shear & tensile strength of adhesives and sealants, the increase in housing and construction projects in emerging countries, and increasing investments in the construction industry |
Construction Adhesive and Sealant Market Size was valued at USD 8.9 Billion in 2023. The Construction Adhesive and Sealant industry is projected to grow from USD 9.57 Billion in 2024 to USD 15.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.56% during the forecast period (2024 - 2032). Adhesives and sealants with high shear and tensile strengths, a surge in housing and building projects in developing nations, and rising investment in the construction sector are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Construction adhesives are used in infrastructure development projects like building roads, installing tunnels, and repairing and building bridges. They are also used to bond a wide range of materials, including concrete, wood, metal, plastic, and others, in a number of applications. They are used in the residential housing industry to put up drywall, baseboards, and crown moulding. There is a rising need for chemically safe, environmentally friendly adhesives as sustainability and the environment are being stressed more and more. The VC shield technology, first presented by Somany in 2022, is well-known in the construction sector for its abrasion resistance and long lifespan. Construction adhesive product demand is anticipated to increase as a result of China's One Belt, One Road plan.
But it is anticipated that strict regulations related to the use of construction adhesives based on solvent-based volatile organic compounds (VOCs) will impede market expansion. Governments all across the world have passed laws limiting the amount of VOCs and requiring producers to meet certain standards. Although low-VOC adhesives may not perform as well as their high-VOC counterparts, which may make them more challenging to work with or less successful in some instances, they can nevertheless assist builders in achieving sustainability goals and improve the general quality and effectiveness of construction projects. Builders are coming up with innovative ways to use adhesives in their projects, and manufacturers are investing in the development of low-VOC and VOC-free adhesives. Due of their possible effects on the environment and human health, volatile organic compounds (VOCs) in solvent-based construction adhesives are becoming more prevalent. When adhesives are applied and cured, dangerous compounds called VOCs can be released into the air, adding to air pollution and posing health dangers to workers and building occupants.
The primary factors for the phenomenal growth of the construction adhesives industry have been increased demand from the non-residential and residential sectors, government incentives for affordable housing to boost building activity, and ongoing infrastructure projects. The demand for adhesives has increased in APAC nations like India, China, Indonesia, Vietnam, Malaysia, and Thailand due to the emergence of new end-use activities like new construction works, repairs, maintenance, and renovation of floors, roofs, wall coverings, beams, among other things. Thus, driving the Construction Adhesive and Sealant market revenue.
In June 2023 H.B. Fuller acquired Beardow Adams, which was an adhesive manufacturing firm from UK that produced different types of industrial glues, making the deal help expedite H.B. Fuller’s emergence into multiple core markets, resulting in improved profitability and business synergies through production optimization as well as enhanced distribution capabilities besides innovative solutions.
The Construction Adhesive and Sealant market segmentation, based on product type, includes Emulsions & Dispersions, Hot Melt, Polyurethane, Natural Adhesives & Sealants, Epoxy, and Others. Emulsions & dispersions segment dominated the market in 2022. Due to their strong bonding capabilities, quick cure time, and capacity to adhere to a wide range of surfaces, acrylic adhesives are adaptable and frequently utilised in a variety of industrial and commercial applications. Additionally, roofing components like membranes and shingles are attached to the roof deck using acrylic adhesives. Additionally, they are employed in the production of metal panels and roofing.
The Construction Adhesive and Sealant market segmentation, based on technology, includes Reactive, Waterborne, Solvent Borne, and Others. Waterborne segment dominated the market in 2022. Due to its low VOC (volatile organic compound) content, minimal odour, and simplicity of application, waterborne construction adhesives are frequently utilised in the construction sector. Due to their intense odour and associated health dangers, solvent-based adhesives are frequently employed in indoor applications where they may not be appropriate.
Figure 1: Construction Adhesive and Sealant Market, by Technology, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Construction Adhesive and Sealant market segmentation, based on end use, includes Waterproofing, Insulation, Pressure Sensitive Tapes & Labels, Walls & Panels, Roof & Floors, and Others. Insulation segment dominated the Construction Adhesive and Sealant market in 2022. Construction adhesives are used in a variety of house construction projects, including the installation of flooring, tiling, wall decor, and external insulation. Building and construction adhesives are also used to create ecologically responsible and structurally sound rooms that shelter and safeguard people and their belongings.
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Construction Adhesive and Sealant Market dominated this market in 2022 (45.80%). The development of the construction adhesive and sealant market has been fueled by the expansion of the country's construction industry. Further, the U.S. Construction Adhesive and Sealant market held the largest market share, and the Canada Construction Adhesive and Sealant market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CONSTRUCTION ADHESIVE AND SEALANT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Construction Adhesive and Sealant market accounted for the healthy market share in 2022. The key factors driving the boom in residential development include a strong economic expansion, an increase in new households, and low mortgage rates. During the projected period, a decline in the market for multi-family housing is anticipated to have a moderate effect on residential structures. Further, the German Construction Adhesive and Sealant market held the largest market share, and the U.K Construction Adhesive and Sealant market was the fastest growing market in the European region
The Asia Pacific Construction Adhesive and Sealant market is expected to register significant growth from 2023 to 2032. This is due to the substantial demand from the construction business in nations like China, India, and Southeast Asia. Due to the expansion of important economic and corporate centres in the area and rivalry among builders for appealing appearances and environmentally friendly and cost-effective construction, the number of commercial buildings and offices has expanded over the past ten years. Moreover, China’s Construction Adhesive and Sealant market held the largest market share and the Indian Construction Adhesive and Sealant market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Construction Adhesive and Sealant market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Construction Adhesive and Sealant End Use must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Construction Adhesive and Sealant End Use to benefit clients and increase the market sector. In recent years, the Construction Adhesive and Sealant End Use has offered some of the most significant advantages to medicine. Major players in the Construction Adhesive and Sealant market, including Arkema SA, Wacker Chemie AG, Royal Adhesives & Sealants, PPG Industries, Inc., MAPEI SPA, Huntsman International LLC, Henkel AG & Co. KGaA, H.B. Fuller Company, Solvay, Berry Inc., BASF SE, Avery Dennison Corporation, Ashland, and DAP Products Inc., are attempting to increase market demand by investing in research and development Product Types.
Arkema SA (Arkema) specialises in the production of innovative materials and specialised chemicals. Adhesives, biobased materials, coatings, composites, health care, and athletic goods are among the industries for which the company offers solutions. The company's products include technical polymers, filtration and adsorption, organic peroxides, thiochemicals, fluorogases, hydrogen peroxide, acrylics, coating resins, photocure resins, and rheology additives. Agriculture, air conditioning, automotive, chemicals, coating, consumer goods, electrical, oil, health, packaging, plastics, pulp, rubber, sports, and water treatment are a few more industries that use the company's products. The company has operations in Asia, the United States, Europe, Canada, and Mexico. France's Colombes is home to Arkema's corporate headquarters. In July 2022, Arkema acquired Permoseal in an effort to strengthen and broaden its position in South Africa. Manufacturer of adhesive products for DIY, packaging, and building applications is Permoseal.
H.B. Fuller Co. (H.B. Fuller) develops, manufactures, and markets specialty chemical goods such sealants and adhesives. The company sells grout, sealants, tile-setting adhesives, and other related products for use in residential construction markets. Among its clients are companies in the electronics, specialty polymers, healthcare, disposable hygiene, transportation, renewable energy, packaging, woodworking, and general industries. In addition to North America, Europe, Latin America, Asia-Pacific, India, the Middle East, and Africa, the firm also offers technical support and tailored solutions to meet the particular demands of customers. The headquarters of H.B. Fuller are located in St. Paul, Minnesota, in the United States. In February 2022, H.B. Fuller Company acquired Apollo, an independent British manufacturer of liquid adhesives, coatings, and primers for the construction, industrial, and roofing markets. This purchase was expected to help H.B. Fuller increase its market share in significant building areas across Europe and the UK.
Leading manufacturer of building and home improvement materials, DAP, will launch the new HD Max Construction Adhesive in 2024. This premium hybrid compound has polyurethane strength and offers exceptional adhesion and durability even in the most extreme conditions. DAP's HD Max is a construction glue that is designed to withstand the most demanding conditions. It is the only hybrid adhesive offered in a 28-fluid-ounce cartridge, making it a cost-effective option for professionals tackling larger projects.
The Irish company Arc Building Products, which specializes in sealants and adhesives for construction, is acquired by Arkema in 2023. With a wider range of products and a local manufacturing infrastructure, Arkema will bolster its position in Ireland's expanding building adhesives industry with the planned acquisition of Arc Building Products.
Leading producer of high-performance building products, P Building Solutions, opened its first-ever Amazon store in 2023. It features a few accessories from LP Structural Solutions, such as LP WeatherLogic Seam & Flashing Tape, LP Legacy Polyurethane Foam Cleaner, LP Legacy Premium Sub-Floor Adhesive, and LP WeatherLogic Seam & Flashing Sealant. LP is providing an initial discount on a few products that are accessible on the platform in honor of the debut.
December 2021: For the wind energy industry, Hexcel and METYX will work together to create high-performance carbon pultruded profiles using polyurethane resin and unidirectional carbon fibre.
In April 2024, Mapei unveiled Mapeflex MS 55, a revolutionary adhesive and sealant hybrid that is designed to be used for everyday maintenance tasks. An adaptable product of a broad range of uses, it can be applied for both professional and non-professional users.
In October 2023, Henkel came up with a new line of pressure-sensitive adhesives meant for ecofriendly packaging applications that are bio-based and water based.
In October 2023: This acquisition expanded Sika AG’s range of high-temperature adhesives for industrial applications by buying out a specialty chemicals company in October 2023.
In November 2023: H.B. Fuller announced in November 2023 its collaboration with one of the leading manufacturers of electric vehicles to develop high-performance adhesives required for battery assembly.
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