In the dynamic world of construction, adhesives play a crucial role in enhancing structural integrity and improving construction efficiency. As industries evolve, so does the construction adhesive market. Recent global market research offers a comprehensive analysis of current industry trends, development models, and methodologies affecting this sector. Here’s an in-depth look into what’s driving the construction adhesive market forward and what to expect in the coming years.
Market Overview
The global construction adhesive market was valued at USD 10.50 billion in 2021 and is projected to grow to USD 15.11 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 5.2%. This growth trajectory underscores the increasing demand for advanced bonding solutions in various construction applications.
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Key Players in the Market
Several key players dominate the construction adhesive market, each contributing to its expansion with innovative products and strategic initiatives:
- 3M
- Avery Dennison Corporation
- BASF SE
- Benson Polymers
- Bostik
- DAP Products, Inc.
- Dow
- Franklin International
- Gorilla Glue Inc.
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Hexcel Corporation
- Huntsman International LLC
- Illinois Tool Works
- Master Bond Inc.
- McCoy
- Soudal
- Sika AG
- Others
Market Segmentation
The construction adhesive market is segmented based on resin type and technology, influencing product development and market strategies:
-
By Resin Type:
- Acrylic
- Polyurethanes
- Polyvinyl Acetate
- Epoxy & Others
-
By Technology:
- Water-based
- Solvent-based
- Reactive & Others
Regional Analysis
The market is also segmented by region, highlighting diverse growth opportunities across different geographical areas:
-
North America:
- US
- Canada
- Mexico
-
Europe:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
-
Asia Pacific:
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
-
South America:
- Brazil
- Argentina
- Rest of South America
-
Middle East & Africa:
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
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Key Report Highlights
The market research report provides a 360-degree view of the construction adhesive industry by examining:
- Regional Demand Estimation and Forecast
- Commodity Price Fluctuations
- Technology Updates
- Raw Material Procurement Strategies
- Competition Analysis
- Product Portfolio Matrix
- Supplier Management
- Cost-Benefit Analysis
- Supply Chain Optimization
- Patent Analysis
- Market R&D
- Mergers and Acquisitions
For instance, in April 2021, Sika acquired Hamatite to solidify its position in the Japanese market, broaden its material selection, and enhance its bonding and sealing solutions within Japan's construction sector.
What’s Covered in the Report?
- Overview of the Construction Adhesive Market
- Current and Forecasted Regional Market Size Data
- Market Trends and Drivers
- Analysis of Major Company Profiles
Why You Should Buy This Report
- Assess Business Viability: Understand demand and market positioning.
- Identify Markets: Recognize established and emerging markets for construction adhesives.
- Strategic Location: Develop strategies based on market positioning and value chain analysis.
- Strengthen Weak Areas: Address and improve market weaknesses.
- Competitive Analysis: Compare with major players to gauge competitive positioning.
About Spherical Insights
Spherical Insights is a market research and consulting firm dedicated to providing actionable insights and quantitative forecasts tailored to decision-makers across various industries. Our mission is to help businesses achieve their objectives and maintain strategic improvements.
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