Construction Adhesive Market Report

Construction Adhesive Market Analysis By Resin Type (Acrylic Adhesive, Polyurethanes, Polyvinyl Acetate, Epoxy), By Technology, By Application, By Region, And Segment Forecasts, 2014 - 2025

Published: September 2017  |  125 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-684-4

Industry Insights

The global construction adhesive market size was worth USD 8.6 billion in 2016. Increasing construction and infrastructural development coupled with the rising usage of adhesive products in the construction of buildings and bridges is anticipated to boost the global market demand.

These products are being increasingly used in roofing, waterproofing, flooring & insulation, cladding, and reinforcement among others. Construction industry in Asia Pacific is witnessing a fast growth owing to the significant infrastructural developments in the region. The industry has witnessed numerous technological advancements and proliferation of unique architectural designs that promote the usage of construction adhesives in industrial and residential buildings.

U.S. construction adhesive market revenue by resin type, 2014 - 2025 (USD billion)

U.S. construction adhesive market

The U.S. market was valued at USD 1.67 billion in 2016 and is forecasted to progress at a CAGR of 5.1% from 2017 to 2025. Acrylic resins are flexible, nontoxic, environment-friendly, and provide excellent adhesion. Increasing applications of the product in roofing, glazing, flooring, replacement of joints & welds, and other areas is expected to be the major factor fueling acrylic adhesive demand in the U.S.

Resin Type Insights

Acrylic is a resin-based adhesive widely used in the construction industry due to its exceptional bonding properties. These adhesives include methyl acrylic polymers and are capable of efficiently bonding multiple items together. The construction sector has witnessed rapid growth in the emerging economies of Asia Pacific, including India and China, owing to the increasing disposable income among consumers, which has led to demand growth.

Polyurethane (PU) adhesive are largely used for bonding in various gluing applications. These high-grade adhesive solutions possess properties such as high impact and chemical resistance, flexibility, and low-temperature resistance. PU glue has added advantage over other conventional counterparts, such as epoxy adhesive, since it can be set in high moisture conditions. Furthermore, they are also available in a wide range of viscosities and have excellent UV resistant properties.

Polyvinyl acetate (PVA) resin is highly versatile and has strong holding strength, properties that make it ideal for sealing, bonding, and dust proofing applications. PVA glue is also considered as one of the best timber adhesives owing to its boil and temperature resistance, stability, high flexibility, and cost benefits.

Epoxy adhesives are chemical, heat, and water resistant. They act as mechanical and electrical insulators offering excellent adhesion. They exhibit high bonding strength and are available in different colors and viscosities. The adhesives also withstand hostile environmental conditions and are used for UV light curing & dual UV/heat curing systems. These factors are driving the demand for epoxy adhesives in the building sectors.

Application Insights

On the basis of application, the residential segment dominated the market in 2016, accounting for a market share of around 38%. European countries such as Germany and France are the major contributors for the rising demand from the commercial sector.

Increasing applications in roofing, sub-flooring, windows, exterior walls, and doors of residential & commercial projects are expected to fuel market growth. Increasing awareness regarding the interior temperature control in buildings based on innovative designs and diverse materials of exterior walls and various enclosures is anticipated to be a key driving factor. These enclosures cover all commercial, multifamily, institutional, and industrial requirements, protecting buildings from rain, ensuring air flow, and addressing critical moisture issues.

The construction industry in India is expected to witness massive investment in residential, infrastructure, and energy projects over the forecast period owing to the favorable changes in government regulations, FDI, and private funds to the sector. Growing awareness on the necessity of energy conservation and green building regulations is expected to promote the regional demand.

The growing infrastructure sector in Oceania and countries such as Bangladesh, Sri Lanka, and Pakistan is expected to boost the investments in smart & sustainable gluing materials. Private and public sectors are providing lucrative opportunities for engineering, construction, and residential & commercial building contractors. Rising demand due to the substantial reduction of operating cost in the commercial and residential sectors is projected to foster the growth over the forecast period.

Regional Insights

In North America, factors such as technological advancements, developments in bio-based raw material production, and innovative processing techniques for the use of water-based technology are expected to drive water-based products. Silicone adhesives are versatile and exhibit properties such as heat, weather, & microbial resistance, vapor & water permeability, and high thermal resistance. The aforementioned factors are expected to drive the growth of silicone resin segment in the U.S.

Polyurethane adhesive (PU) is projected to be the fastest growing resin type segment in the European region. Adhesive manufacturers in the Eastern Europe are shifting focus toward the growth of organic solvents to strengthen penetration into the regional markets, which is anticipated to expand and strengthen their product portfolios. PU adhesives are increasingly replacing conventional fasteners for sealing and joining applications in various end-use industries including infrastructure, construction, and automotive.

Global construction adhesive market revenue by region, 2016 (%)

Global construction adhesive market

Increase in manufacturing operations in Asia Pacific owing to large number of producers in this region is projected to lead to the growth of regional market at a significant rate over the forecast period. The country's production facilities supply materials within the region as well as outside the region.

Growing use of latest manufacturing processes that are designed to use adhesives instead of older mechanical fastening equipment is projected to propel the demand over the next eight years. Rising number of manufacturing industries on account of rapid industrialization in developing nations, including Argentina and Brazil, is expected to boost regional market growth over the forecast period.

Competitive Insights

The industry is highly competitive and fragmented. Some of the players in this sector include H.B. Fuller, 3M Company, Sika AG, The Dow Chemical Company, Bostik SA (An Arkema Company), Henkel AG & Co. KGaA, DAP Products, Inc., Franklin International, Illinois Tool Works Incorporation, and Avery Dennison Corporation.

Currently, the raw material supply is impacted by factors such as regional demand & supply variations, GDP growth rates, currency fluctuations, production outages, and unpredictable geopolitical conflicts. The Dow Chemical Company intends to expand the production of ethylene and its derivatives throughout North America, owing to the ample supply of low-cost ethane.

Report Scope 

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2015

Forecast period

2017 - 2025

Market representation                                                

Volume in thousand tons, Revenue in USD million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, UK, France, China, Japan, India

Report coverage

Volume and revenue forecast, company share, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts volume and revenue growth at global, regional, and country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global construction adhesive market on the basis of resin type, technology, application, and region: 

  • Resin Type Outlook (Volume, Thousand Tons, Revenue; USD Million, 2014 - 2025)

    • Acrylic Adhesive

    • Polyurethanes

    • Polyvinyl Acetate

    • Epoxy

    • Others

  • Technology Outlook (Volume, Thousand Tons, Revenue; USD Million, 2014 - 2025)

    • Water based

    • Solvent based

    • Reactive & Others

  • Application Outlook (Volume, Thousand Tons, Revenue, USD Million, 2014 - 2025)

    • Residential

    • Commercial

    • Industrial

  • Regional Outlook (Volume, Thousand Tons, Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • France

    • Asia Pacific

      • China

      • Japan

      • India

    • Middle East & Africa

    • Central & South America

Key questions answered by the report
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