건축용 접착제 시장 규모 : 수지 종류별, 기술별, 용도별, 지역별, 범위 및 예측

Construction Adhesives Market Size and Forecast

Construction Adhesives Market size was valued at USD 10.91 Billion in 2023 and is projected to reach USD 15.85 Billion by 2031, growing at a CAGR of 4.78% from 2024 to 2031. Construction adhesives have become an integral part of the modern building process, offering a reliable and efficient alternative to traditional mechanical fastening methods. Construction adhesives versatile materials provide superior bonding properties, durability, and versatility, making them indispensable in various construction applications. Construction adhesives provide strong and durable bonds that can withstand various environmental conditions. Construction adhesives can be used to bond a wide range of materials, including metals, plastics, ceramics, and wood.

Construction adhesives offer a faster and more efficient way to join materials compared to traditional mechanical fastening methods.

Construction adhesives can provide a clean and seamless finish, enhancing the overall appearance of a structure.

Construction adhesives have revolutionized the building industry, offering a reliable and efficient solution for a variety of applications.

Global Construction Adhesives Market Dynamics

The key market dynamics that are shaping the global construction adhesives market include:

Key Market Drivers

Rapid Urbanization and Infrastructure Development:

As cities expand and modernize, the demand for efficient and durable bonding solutions in construction projects rises. According to the United Nations Department of Economic and Social Affairs, as of July 2023, 56.6% of the world's population lives in urban areas, a figure projected to reach 68% by 2050. This trend is fueling the need for innovative construction materials, including advanced adhesives.

Technological Advancements in Adhesive Formulations:

Ongoing technological advancements in adhesive formulations are enhancing the performance and versatility of construction adhesives. Manufacturers are developing products with improved strength, durability, and resistance to environmental factors. The U.S. Department of Energy's Building Technologies Office reported in January 2024 that research funding for advanced construction materials, including adhesives, increased by 25% in the past year.

Growing Emphasis on Green Building Practices:

The increasing focus on sustainable construction and green building practices is boosting the demand for eco-friendly construction adhesives. Builders and contractors are seeking adhesives with low volatile organic compound (VOC) emissions and made from renewable resources. For instance, on April 20, 2024, Sika AG announced the expansion of its bio-based adhesive product line, aiming to reduce the carbon footprint of construction projects.

Rising Renovation and Remodeling Activities:

The growing trend of renovation and remodeling activities in both residential and commercial sectors is driving the construction adhesives market. Homeowners and businesses are increasingly investing in property upgrades, creating a steady demand for versatile adhesive products. For instance, on August 5, 2024, H.B. Fuller introduced a new range of fast-curing adhesives specifically designed for quick renovation projects in occupied buildings.

Key Challenges

Rising Environmental Concerns:

The construction adhesives market faces increasing pressure to develop more environmentally friendly products. Consumers and regulatory bodies are becoming more aware of the environmental impact of chemicals used in construction. This has led to a demand for adhesives with low volatile organic compound (VOC) emissions, reduced toxicity, and sustainable sourcing.

Fluctuating Construction Adhesives Demand:

The construction industry is subject to economic cycles, which can significantly impact the demand for adhesives. During periods of economic growth, construction activity is high, leading to increased demand for adhesives. However, during economic downturns, construction projects may be delayed or canceled, resulting in a decline in adhesive demand.

Competition from Traditional Fasteners:

Traditional mechanical fasteners, such as nails and screws, remain popular in certain construction applications. While adhesives offer advantages in terms of speed, efficiency, and aesthetics, they may face competition from established fastening methods. In some cases, traditional fasteners may be perceived as more reliable or suitable for specific applications.

Stringent Regulatory Compliance:

Adhesive manufacturers must comply with a complex array of building codes, safety standards, and environmental regulations. These regulations can vary by region and may change over time. Non-compliance with these regulations can result in fines, penalties, and damage to reputation. Adhering to regulatory requirements can be costly and time-consuming, and it can be challenging to keep up with the latest regulations.

Key Trends

Rising Smart Adhesives in Construction

: Smart adhesives, capable of self-healing or responding to environmental stimuli, are gaining traction in the construction sector. These advanced materials offer enhanced durability and can significantly extend the lifespan of structures. The European Commission's Horizon Europe program reported in April 2024 that funding for smart materials research, including adhesives, has doubled to €2 billion for the 2025-2027 period.

Increased Use of Structural Adhesives in Prefabrication

: The growing trend of prefabrication and modular construction is driving demand for high-performance structural adhesives. These adhesives enable stronger, lighter, and more efficient building components. The U.S. Department of Housing and Urban Development released data on September 10, 2024, showing a 40% increase in the use of prefabricated elements in residential construction over the past year.

Adoption of Nanotechnology in Adhesive Formulations

: Nanotechnology is revolutionizing construction adhesives, enhancing their strength, flexibility, and overall performance. Nano-enhanced adhesives offer improved bonding capabilities for a wider range of substrates. For instance, on August 30, 2024, BASF announced the commercial launch of its nano-reinforced construction adhesive, claiming a 50% improvement in bond strength compared to conventional formulations.

Growing Demand for Multi-functional Adhesives:

Construction professionals are increasingly seeking adhesives that can perform multiple functions, such as bonding, sealing, and insulating, to streamline processes and reduce overall costs. For instance, on September 20 2024, H.B. Fuller launched its new all-in-one construction adhesive marketed as a "bond, seal, and insulate" solution for diverse applications.

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Global Construction Adhesives Market Regional Analysis

Here is a more detailed regional analysis of the global construction adhesives market:

Asia-Pacific

Asia-Pacific is substantially dominating the global construction adhesives market and is expected to continue its dominance throughout the forecast period due to the enormous demand from Southeast Asian nations like China, India, and others in the construction industry.

The rise of major corporate and economic hubs, as well as competition among construction companies for visually appealing and cost-effective construction, have resulted in an increase in the number of commercial buildings and offices in the region during the past ten years.

The central government of China encouraged investment in the building sector to maintain economic growth, which led to the fast development of the regional construction industry.

According to the National Bureau of Statistics of China, the added value produced by China's construction industry in 2022 was around 8.3 trillion yuan (USD 1.18 trillion).

Despite efforts to shift its economy to a more service-oriented shape, the Chinese government unveiled vast development plans, including plans to relocate 250 million people to its new megacities over the next ten years.

The India Brand Equity Foundation (IBEF) projects that by 2025, the country's construction sector would have grown to be the third-largest in the world, with a valuation of about $1 trillion.

Europe

The Europe region to grow at a robust CAGR during the forecast period, driven by increasing renovation activities, sustainable building practices, and technological advancements in adhesive formulations.

Stringent regulations promoting energy-efficient construction and the growing trend of prefabrication are further fueling demand for high-performance adhesives.

According to Eurostat, as of July 2024, the construction sector in the EU saw a 3.5% year-on-year increase in activity, with renovation projects accounting for 60% of total construction output.

This growth is exemplified by the announcement of Sika AG on August 12, 2024, of a €200 million investment in expanding its construction adhesives production capacity across multiple European facilities.

The focus on reducing carbon emissions in the construction industry is catalyzing innovation in bio-based and low-VOC adhesives. In addition to this, the adoption of smart building technologies is creating new opportunities for advanced adhesive solutions.

The European Commission reported in May 2024 that green building materials, including eco-friendly adhesives, are expected to contribute to a 25% reduction in building-related CO2

emissions by 2030.

Capitalizing on this trend, Henkel launched a new line of carbon-neutral construction adhesives on September 5, 2024, manufactured using 100% renewable energy and bio-based raw materials, further solidifying the position of Europe as a leader in sustainable construction practices.

Global Construction Adhesives Market: Segmentation Analysis

The Global Construction Adhesives Market is segmented based on Resin Type, Technology, Application, And Geography.

Construction Adhesives Market, By Resin Type

• Acrylic
• Polyurethanes
• Polyvinyl Acetate
• Epoxy
• Others

Based on Resin Type, the Global Construction Adhesives Market is bifurcated into Acrylic Adhesive, Polyurethanes, Polyvinyl Acetate, Epoxy, Others. The acrylic adhesive segment is poised to dominate the construction adhesives market. Acrylic adhesives are gaining popularity in the construction sector due to their superior water resistance, impact strength, and bonding capabilities. However, the epoxy segment is growing at a rapid CAGR within the construction adhesives market. Adhesives are versatile tools used in the construction industry for strong bonding on various substrates, particularly in laminated woods for roofs, decks, walls, and other applications.

Construction Adhesives Market, By Technology

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

Based on Technology, the Global Construction Adhesives Market is Water-Based, Solvent-Based, Reactive & Others. The water-based segment is dominating the global construction adhesives market. Due to its superior moisture resistance over conventional adhesives, products created with this technology are estimated to showcase technological development in the market. However, the solvent-based segment is expected to grow at a robust CAGR during the forecast period. It is anticipated that both structural and non-structural applications will continue to drive demand for this market segment.

Construction Adhesives Market, By Application

• Residential
• Commercial
• Industrial

Based on Application, the Global Construction Adhesives Market is bifurcated Residential, Commercial, Industrial. The commercial segment is dominating the global construction adhesives market. It is anticipated that first-time homebuyer incentives will benefit the residential construction industry globally. However, the industrial segment is expected to grow at a robust CAGR during the forecast period. Growing FDIs in developing nations, especially in the manufacturing sector, should support the expansion of the industrial market.

Construction Adhesives Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Geography, the Global is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific is substantially dominating the global construction adhesives market and is expected to continue its dominance throughout the forecast period due to the enormous demand from Southeast Asian nations like China, India, and others in the construction industry. However, the Europe region is estimated to grow at a robust CAGR during the forecast period, driven by increasing renovation activities, sustainable building practices, and technological advancements in adhesive formulations.

Key Players

• The "Global Construction Adhesives Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
• H.B. Fuller Company, 3M, Sika AG, Dow, Bostik SA, Henkel AG & Co. KGaA, Franklin International, Inc, Avery Dennison Corporation, Illinois Tool Works Incorporation, DAP Products, Inc., and others.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Global Construction Adhesives Market Key Developments

• On July 2022, to solidify and bolster its position in South Africa, Arkema purchased Permoseal, a producer of adhesive solutions for construction, packaging, and do-it-yourself projects.
• On February 2022, Apollo, an independent UK producer of liquid adhesives, coatings, and primers for the roofing, industrial, and construction industries, was purchased by H.B. Fuller Company. It was anticipated that this acquisition would assist H.B. Fuller in growing its market share in important building markets in both the UK and Europe.

TABLE OF CONTENTS

1 INTRODUCTION OF GLOBAL CONSTRUCTION ADHESIVES MARKET

• 1.1 Overview of the Market
• 1.2 Scope of Report
• 1.3 Assumptions

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH

• 3.1 Data Mining
• 3.2 Validation
• 3.3 Primary Interviews
• 3.4 List of Data Sources

4 GLOBAL CONSTRUCTION ADHESIVES MARKET OUTLOOK

• 4.1 Overview
• 4.2 Market Dynamics
  • 4.2.1 Drivers
  • 4.2.2 Restraints
  • 4.2.3 Opportunities
• 4.3 Porters Five Force Model
• 4.4 Value Chain Analysis

5 GLOBAL CONSTRUCTION ADHESIVES MARKET, BY TECHNOLOGY

• 5.1 Waterborne Technology
• 5.2 Reactive Technology
• 5.3 Solvent-borne Technology

6 GLOBAL CONSTRUCTION ADHESIVES MARKET, BY RESIN TYPE

• 6.1 Acrylic Adhesive
• 6.2 Polyurethane (PU)
• 6.3 Polyvinyl Acetate (PVA)
• 6.4 Epoxy
• 6.5 Others

7 GLOBAL CONSTRUCTION ADHESIVES MARKET, BY APPLICATION

• 7.1 Residential
• 7.2 Commercial
• 7.3 Industrial

8 GLOBAL CONSTRUCTION ADHESIVES MARKET, BY GEOGRAPHY

• 8.1 Overview
• 8.2 North America
  • 8.2.1 U.S.
  • 8.2.2 Canada
  • 8.2.3 Mexico
• 8.3 Europe
  • 8.3.1 Germany
  • 8.3.2 U.K.
  • 8.3.3 France
  • 8.3.4 Rest of Europe
• 8.4 Asia Pacific
  • 8.4.1 China
  • 8.4.2 Japan
  • 8.4.3 India
  • 8.4.4 Rest of Asia Pacific
• 8.5 Rest of the World
  • 8.5.1 Latin America
  • 8.5.2 Middle East and Africa

9 GLOBAL CONSTRUCTION ADHESIVES MARKET COMPETITIVE LANDSCAPE

• 9.1 Overview
• 9.2 Company Market Ranking
• 9.3 Key Development Strategies

10 COMPANY PROFILES

• 10.1 H.B. Fuller Company
  • 10.1.1 Overview
  • 10.1.2 Financial Performance
  • 10.1.3 Product Outlook
  • 10.1.4 Key Developments
• 10.2 3M
  • 10.2.1 Overview
  • 10.2.2 Financial Performance
  • 10.2.3 Product Outlook
  • 10.2.4 Key Developments
• 10.3 Sika AG
  • 10.3.1 Overview
  • 10.3.2 Financial Performance
  • 10.3.3 Product Outlook
  • 10.3.4 Key Developments
• 10.4 Dow
  • 10.4.1 Overview
  • 10.4.2 Financial Performance
  • 10.4.3 Product Outlook
  • 10.4.4 Key Developments
• 10.5 Bostik SA
  • 10.5.1 Overview
  • 10.5.2 Financial Performance
  • 10.5.3 Product Outlook
  • 10.5.4 Key Developments
• 10.6 Henkel AG & Co. KGaA
  • 10.6.1 Overview
  • 10.6.2 Financial Performance
  • 10.6.3 Product Outlook
  • 10.6.4 Key Development
• 10.7 Franklin International, Inc
  • 10.7.1 Overview
  • 10.7.2 Financial Performance
  • 10.7.3 Product Outlook
  • 10.7.4 Key Developments
• 10.8 Avery Dennison Corporation
  • 10.8.1 Overview
  • 10.8.2 Financial Performance
  • 10.8.3 Product Outlook
  • 10.8.4 Key Development
• 10.9 Illinois Tool Works Incorporation
  • 10.9.1 Overview
  • 10.9.2 Financial Performance
  • 10.9.3 Product Outlook
• 10.10 DAP Products, Inc.
  • 10.10.1 Overview
  • 10.10.2 Financial Performance
  • 10.10.3 Product Outlook

11 KEY DEVELOPMENTS

• 11.1 Product Launches/Developments
• 11.2 Mergers and Acquisitions
• 11.3 Business Expansions
• 11.4 Partnerships and Collaborations

12 Appendix

• 12.1 Related Research