The report "Construction Adhesives Market by Resin Type (Acrylic, PVA, PU, Epoxy), Technology (Waterborne, Reactive, Solventborne), End Use Sector (Residential, Non-residential, Infrastructure), and Region - Global Forecast to 2022", The construction adhesives market is estimated to be USD 9.09 Billion in 2017 and is expected to grow at a CAGR of 5.0% from 2017 to 2022, in terms of value.
Construction adhesives are widely used in the building & construction industry. The building & construction application has been divided into residential, non-residential, and infrastructure. The increasing demand for residential housing and commercial offices, along with the rising construction activities is fueling the demand for construction adhesives.
Browse 138 market data Tables and 37 Figures spread through 184 Pages and in-depth TOC on "Construction Adhesives Market by Resin Type (Acrylic, PVA, PU, Epoxy), Technology (Waterborne, Reactive, Solventborne), End Use Sector (Residential, Non-residential, Infrastructure), and Region - Global Forecast to 2022"
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Based on resin type, the PU segment of the construction adhesives market is expected to grow at the highest CAGR during the forecast period.
Based on resin type, the PU segment of the construction adhesives market is expected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to its significant contribution to the adhesive bonding technology, making available several different feedstock materials for the manufacturing of adhesives that exhibit a broad spectrum of performance characteristics. Based on their varied compositions, polyurethane adhesives are used in several applications in the construction industry.
The waterborne technology segment accounted for a major share of the construction adhesives market in 2016.
The waterborne technology led the construction adhesives market, in terms of volume, in 2016. The waterborne technology is used in all the leading construction adhesives end-use sectors. Waterborne is a leading technology segment of the construction adhesives market.
Owing to increasing environmental concerns and strict Volatile Organic Compound (VOC) regulations, adhesive manufacturers are shifting towards the use of waterborne systems. This has fueled the growth of the waterborne technology segment. Stringent government regulations regarding the development of products that are environment-friendly have caused a ripple effect on the entire supply chain of the construction adhesives development.
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Several manufacturers have begun to develop alternatives to solventborne adhesives, which emit low or zero VOCs. The manufacturers have also developed waterborne adhesives to reduce VOCs.
The residential end-use sector segment is projected to lead the construction adhesives market during the forecast period.
The rising demand for construction adhesives from the residential sector can be attributed to the growth of the residential housing market in the US for new work, renovation, maintenance, and repairs.
In addition, due to the rising demand from emerging countries such as India, China, Indonesia, Qatar, and Vietnam for applications such as flooring, wall covering, thermal insulation, tiling, and other construction applications, the demand for adhesives in these countries is increasing.
APAC construction adhesives market is expected to grow at the highest rate during the forecast period.
The construction adhesives market in APAC is witnessing rapid growth, driven by the significant economic progress and infrastructural development in various countries across the region. Increasing building and construction activities in the region are expected to propel the demand for construction adhesives in APAC.
Key players in the construction adhesives market
Key players in the construction adhesives market are Henkel (Germany), 3M (US), Bostik (France), Sika (Switzerland), H.B. Fuller (US), BASF (Germany), Dow Chemical (US), DAP Products (US), Franklin International (US), Illinois Tool Works (US), Avery Dennison (US), etc.
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