Sticking Together: Navigating Trends in the Construction Adhesives Market

The construction adhesives market will touch USD 14,541.9 million, propelling at a 5.3% compound annual growth rate, by 2030.

The growth of this industry is because of the increasing count of infrastructure development projects across the globe, particularly for educational institutions, hospitals, airports, and industrial facilities.

In recent years, the acrylic category, based on type, accounted for the largest share of the industry, and it will further propel at a 5.7% CAGR during this decade. This is ascribed to the swift growth of the construction sector in the MEA and APAC regions. These adhesives are chosen for construction due to their high impact strength, exceptional water resistance, and robust bonding with substrates.

The polyurethane category, on the other hand, will observe the second-highest growth during this decade. This is attributable to the fact that they can bind to nearly every kind of substrate, including wood, plastic, concrete, and glass.

The water-based category, based on technology, will propel at the fastest rate, of 5.7%, during this decade. This can be mainly credited to the high moisture resistance of water-based adhesives than those based on other technologies. Additionally, water-based adhesives are eco-friendly, provide exceptional heat resistance, and have a low VOC content.

APAC will advance at the fastest rate, of 5.8%, in the years to come. This can be primarily because of the rising disposable income, robust economic growth, and increasing construction activity. Additionally, the surging government expenses on infrastructure and increasing requirement for low-VOC adhesives will also assist the progression of the industry in the region.

Whereas, North America will observe the second-highest growth, of approximately 5.1%, in the years to come. This can be because of the increasing utilization of these adhesives for insulation, cladding, and roofing waterproofing applications, coupled with the accessibility of technologically advanced adhesives in this continent.

Additionally, the increasing utilization of adhesives that avoid cracks on airport runways and highways; and offer weather protection to buildings also helps the industry expansion in this region.