Industry News

Construction Adhesives Market to Reach USD 11.60 Billion by 2022

Published on 2018-02-13. Author : SpecialChem

TAGS:  Waterborne Adhesives     Epoxy Adhesives     Reactive Adhesives      Acrylic Adhesives    

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.

Construction Adhesives
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.

Rising Construction Activities Fuel Demand

  • 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 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

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.

Source: MarketsandMarkets™
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