The Global Construction Adhesive Market was valued at USD 10.50 Billion in 2021. The market is projected to grow USD 15.11 Billion in 2030, at a CAGR of 5.2%.

The global construction adhesive market was valued at USD 10.50 billion in 2021 and is expected to reach USD 15.11 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.2%. Adhesives play a crucial role in both commercial and residential construction, bonding materials such as plastics, foams, plasterboard, and wood-based panels. The demand for construction adhesives is set to increase as infrastructure projects, like the U.S. government's USD 1.2 trillion infrastructure plan, accelerate advancements in various sectors.

Key Market Drivers

The construction adhesive market is experiencing significant growth due to several factors:

• Increased Infrastructure Investments: Ongoing infrastructure improvements, particularly in the U.S. with its $1.2 trillion infrastructure plan, will drive demand for construction adhesives in areas like telecommunications, water management, and power.
• Rising Construction Activities: As construction projects grow, the need for adhesives to bond various materials increases, further boosting market expansion.
• Technological Advancements: Innovations in resin types and adhesive technologies, such as water-based and solvent-based adhesives, are contributing to more efficient and environmentally friendly solutions.

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Market Segmentation

The construction adhesive market can be segmented by resin type and technology:

• By Resin Type:

  • Acrylic
  • Polyurethanes
  • Polyvinyl Acetate
  • Epoxy & Others

• By Technology:

  • Water-based
  • Solvent-based
  • Reactive & Others

Key Players in the Market

The market features several prominent players, including:

• 3M
• Avery Dennison Corporation
• BASF SE
• Bostik
• DAP Products, Inc.
• Dow
• Franklin International
• Gorilla Glue Inc.
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• Sika AG
• Others

These companies are contributing to the market's growth by enhancing product offerings, expanding their market presence, and collaborating with other industry leaders.

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Industry Developments

In April 2021, Sika acquired Hamatite to strengthen its position in the Japanese market, focusing on bonding and sealing materials for the local construction industry. This acquisition highlights the growing emphasis on market expansion and material diversity in the construction adhesives market.

Regional Analysis

The construction adhesive market spans multiple regions:

• North America: U.S., Canada, Mexico
• Europe: U.K., Germany, France, Spain, Russia, and others
• Asia-Pacific: India, China, Japan, South Korea, and others
• South America: Brazil, Argentina, Colombia
• Middle East & Africa: Saudi Arabia, UAE, South Africa, and others

Market Insights and Forecast

This report offers a comprehensive analysis of market dynamics, growth potential, competitive landscape, and key trends influencing the global construction adhesive market. The insights also provide a detailed breakdown of market size, trends, and future opportunities.

Key Benefits of the Report

• Comprehensive Analysis: Includes demand-supply gap analysis, market size estimation, and SWOT analysis.
• Regional Insights: Detailed regional and country-level analysis.
• Competitive Intelligence: Porter’s Five Forces model, vendor identification, and competitive benchmarking.
• Growth Opportunities: Identifying niche segments and regions exhibiting promising growth.

Frequently Asked Questions

• What is the current market size of the construction adhesive market?
• What is the projected growth rate of the market through 2030?
• What opportunities and challenges are faced by vendors in the construction adhesive industry?
• Which application or product type holds the most growth potential?
• What are the key sales, marketing, and distribution channels in the global market?

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https://www.globenewswire.com/en/news-release/2022/10/05/2528455/0/en/Global-CNG-Dispenser-Market-Size-to-grow-by-2030-CAGR-of-7-6-Spherical-Insights-Consulting.html

https://www.globenewswire.com/en/news-release/2022/10/05/2528481/0/en/Global-Complex-Oxide-Sputtering-Target-Market-Size-to-reach-USD-6-7-Bn-by-2030-CAGR-5-5-Spherical-Insights-Consulting.html

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