건설용 접착제 : 시장 점유율 분석, 산업 동향 및 통계, 성장 예측(2025-2030년)

The Construction Adhesives Market is expected to register a CAGR of 6.1% during the forecast period.

The outbreak of COVID-19 brought several short-term and long-term consequences in the construction industry, which is likely to affect the demand for construction adhesives and sealants. According to the Associated General Contractors of America (AGC), there were disruptions to work or canceled projects, and the demand may be potentially less for 'non-essential' projects, like offices, entertainment, and sports facilities. Due to the shutdown of such projects and other construction activities, the demand for construction adhesives tends to constrain.

Key Highlights

• In the short term, major factors driving the market studied are the increase in housing and construction projects in emerging countries and increasing investments in the construction industry.
• However, stringent environmental regulations related to emissions will likely restrain the market's growth.
• Increasing demand for bio-based and hybrid adhesives in the construction sector and adhesive contribution to green construction is likely to create opportunities for the market in the future.

Construction Adhesives Market Trends

Residential Segment to Dominate the Market

• In residential construction, adhesives have several application areas like carpet laying, laminating countertops, installing flooring, wallpapering, etc. The use of adhesives can reduce the usage of screws and help in weatherproofing the house.
• Residential construction across the globe has been witnessing significant growth over the past few years owing to factors like population growth, migration from rural areas to service sector clusters, and the growing trend of nuclear families. Besides, the decreasing land-to-population ratio and the growing trend of constructing high-rise residential buildings and townships have been driving the application of adhesives in the residential construction segment across the globe.
• Globally, there has been a significant undersupply to meet the demand for housing. This presented a major opportunity for the investors and developers to embrace alternative construction methods and new partnerships to bring forward development.
• According to Oxford Economics Estimates, in 2020, the global construction output was USD 10.7 trillion and is expected to grow by 42% or USD 4.5 trillion between 2020 and 2030 to reach USD 15.2 trillion. For instance:
• In the United States, according to World Construction Today, the Associated General Contractors of America's- AGC evaluation of the federal data determined that the demand for numerous kinds of commercial construction will remain strong for the immediate future.
• According to International Construction, the Chinese government is set to increase its spending on large construction and infrastructure projects by USD 1.8 trillion year-on-year starting from 2023 to help regional economies recover from the pandemic.
• Various government projects in Canada, including the Affordable Housing Initiative (AHI), New Building Canada Plan (NBCP), and Made in Canada, have supported the sector's expansion.
• According to Eurostat, in February 2023, construction production increased by 2.3% in the euro area (EA20) and 2.1% in EU-27 compared to January 2023.
• Due to all the factors above, the global construction industry is expected to grow, so the demand for construction adhesives is also expected to increase.

Asia-Pacific Region to Dominate the Market

• Asia-Pacific accounted for the largest market for construction adhesives, owing to huge demand from the construction market in India, China, and various countries in Southeast Asia.
• The number of commercial offices and buildings in the region has increased since the last decade, owing to major economic and business centers' growth and competition among the construction players for attractive looks and sustainable and economical construction.
• China's construction industry developed rapidly due to the central government's push for investment in the construction industry as a means to sustain economic growth.
• China's construction industry generated an added value of around 8.3 trillion yuan (USD 1.18 trillion) in 2022, according to the National Bureau of Statistics of China.
• The Chinese government rolled out massive construction plans, including making provision for the movement of 250 million people to its new megacities over the next ten years, despite efforts to rebalance its economy to a more service-oriented form.
• According to the India Brand Equity Foundation (IBEF), India's construction industry is set to emerge as the third-largest market in the world, with a size of almost USD 1 trillion by 2025.
• According to MLIT (Japan), around 859.5 thousand housing units were initiated in Japan in 2022. According to the Economic Research Association, as of April 2023, Japan's construction materials monthly price index stood at 147.8.
• These factors are expected to drive the construction adhesives market in the Asia-Pacific region.

Construction Adhesives Industry Overview

The global construction adhesive market is consolidated in nature. Some of the major players include Henkel Adhesives Technologies India Private Limited, Dow, H.B. Fuller, Arkema Group, and 3M.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

• 4.1 Drivers
  • 4.1.1 Growing Investments in the Construction Industry
  • 4.1.2 Increase in Housing and Construction Projects in Emerging Countries
  • 4.1.3 Other Drivers
• 4.2 Restraints
  • 4.2.1 Stringent Environmental Regulations
  • 4.2.2 Other Restraints
• 4.3 Industry Value Chain Analysis
• 4.4 Porter's Five Forces Analysis
  • 4.4.1 Bargaining Power of Suppliers
  • 4.4.2 Bargaining Power of Consumers
  • 4.4.3 Threat of New Entrants
  • 4.4.4 Threat of Substitute Products and Services
  • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION (Market Size in Value)

• 5.1 Type
  • 5.1.1 Water-based
  • 5.1.2 Solvent-based
  • 5.1.3 Hot-melt
  • 5.1.4 Reactive
  • 5.1.5 Other Types
• 5.2 Application
  • 5.2.1 Residential
  • 5.2.2 Commercial
  • 5.2.3 Infrastructure
  • 5.2.4 Industrial and Institutional
• 5.3 Geography
  • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
  • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
  • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 Italy
    • 5.3.3.4 France
    • 5.3.3.5 Rest of Europe
  • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
  • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
• 6.2 Market Share (%) Analysis**/Market Ranking Analysis
• 6.3 Strategies Adopted by Leading Players
• 6.4 Company Profiles
  • 6.4.1 3M
  • 6.4.2 Adhesives Technology Corporation (ATC)
  • 6.4.3 Ashland
  • 6.4.4 Avery Dennison Corporation
  • 6.4.5 Bostik
  • 6.4.6 Don Construction Products Limited
  • 6.4.7 Dow
  • 6.4.8 Franklin International
  • 6.4.9 Gorilla Glue Inc.
  • 6.4.10 H.B. Fuller Company
  • 6.4.11 Henkel Adhesives Technologies India Private Limited
  • 6.4.12 Huntsman International LLC
  • 6.4.13 MAPEI S.p.A.
  • 6.4.14 RPM International Inc.
  • 6.4.15 Sika AG
  • 6.4.16 Wacker Chemie AG

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

• 7.1 Increase In Demand for Bio-based and Hybrid Adhesives in the Construction Industry
• 7.2 Adhesives Contribute to Green Construction