Pune, India, September , 2017/MRFR Press Release/- Market Research Future published a Half Cooked research report on “Global Construction Adhesive Sealant Market Research Report - Forecast to 2032” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2032.
Market Research Future (MRFR) has published a cooked research report on the “Global Construction Adhesive and Sealant Market” that contains information from 2023 to 2032. The Global Construction Adhesive and Sealant Market is estimated to register a CAGR of 7.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the Global Construction Adhesive and Sealant Market— Arkema SA, Wacker Chemie AG, Royal Adhesives & Sealants, PPG Industries Inc., MAPEI SPA, Huntsman International LLC, Henkel AG & Co. KGaA, B. Fuller Company, Solvay, Berry, and BASF SE.
Construction Adhesive Sealant Industry
The Global Construction Adhesive and Sealant Market is accounted to register a CAGR of 7.50% during the forecast period and is estimated to reach USD 15.9 Billion by 2032.
The Global Construction Adhesive and Sealant Market refers to the worldwide industry that deals with the production, distribution, and consumption of adhesive and sealant products specifically designed for construction and building applications.
The market's growth is influenced by factors such as urbanization, increased construction activities, the need for sustainable and energy-efficient buildings, and advancements in adhesive and sealant technologies. Manufacturers in this industry continually develop innovative products that offer improved bonding strength, weather resistance, flexibility, and environmental friendliness.
Segment Analysis
The Global Construction Adhesive and Sealant Market has been segmented based on product, technology and end use.
On the basis of product, the market is segmented into Emulsions & Dispersions, Hot Melt, Polyurethane and Natural Adhesives & Sealants. Emulsions & dispersions segment dominated the market. Due to their strong bonding capabilities, quick cure time, and capacity to adhere to a wide range of surfaces, acrylic adhesives are adaptable and frequently utilised in a variety of industrial and commercial applications.
Based on technology, the market has been segmented into Reactive, Waterborne and Solvent Borne. Waterborne segment dominated the market. Due to its low VOC (volatile organic compound) content, minimal odour, and simplicity of application, waterborne construction adhesives are frequently utilised in the construction sector
Based on end use, the market has been segmented into Waterproofing, Insulation, Pressure Sensitive Tapes & Labels and Walls & Panels. Insulation segment dominated the Construction Adhesive and Sealant market in 2022. Construction adhesives are used in a variety of house construction projects, including the installation of flooring, tiling, wall decor, and external insulation.
Regional Analysis
The Global Construction Adhesive and Sealant Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Construction Adhesive and Sealant Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Construction Adhesive and Sealant Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Construction Adhesive and Sealant Market comprises of Middle East, Africa, and Latin America.
North America has a well-established construction industry with a focus on energy-efficient and sustainable buildings. This drives the demand for advanced adhesive and sealant products. Stringent regulations related to environmental sustainability and building codes promote the use of high-performance products.
Europe emphasizes energy efficiency and green construction. The market is driven by a combination of new construction and renovation projects. Strong emphasis on environmental regulations and high-quality standards influences the choice of adhesive and sealant products.
In Asia pacific region Large-scale residential and commercial construction, along with infrastructure projects like roads, bridges, and railways, boost adhesive and sealant demand. Quality control, regulatory variations across countries, and competition from local manufacturers can pose challenges.
Furthermore, the rest of the world's Global Construction Adhesive and Sealant Market is divided into the Middle East, Africa, and Latin America. Increasing construction activities in countries like Brazil and Mexico propel the adhesive and sealant market. Infrastructure development and renovation projects play a significant role. Economic volatility, political instability, and inconsistent regulatory environments can impact market growth.
Key Findings of the Study
- The Global Construction Adhesive and Sealant Market is expected to reach USD 15.9 Billion by 2032, at a CAGR of 7.50% during the forecast period.
- North America has a well-established construction industry with a focus on energy-efficient and sustainable buildings. This drives the demand for advanced adhesive and sealant products.
- Based on end use, the market has been segmented into Waterproofing, Insulation holding the largest market in 2022.
- Arkema SA, Wacker Chemie AG, Royal Adhesives & Sealants, PPG Industries Inc., MAPEI SPA, Huntsman International LLC, Henkel AG & Co. KGaA, B. Fuller Company, Solvay, Berry, and BASF SE.
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Companies Covered | 15 |
Pages | 117 |
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