Companies in the global construction adhesive and sealant market play a crucial role in providing essential materials for the construction industry. These companies specialize in formulating adhesives and sealants that bond and protect various construction materials, from concrete and metal to wood and plastics.
In the bustling world of construction, where dreams turn into concrete realities, the unsung heroes are the construction adhesives and sealants. These sticky warriors hold every nook and cranny together, from sealing windows against the elements to securing tiles in your gleaming bathroom. Let's peel back the layers of this dynamic landscape, exploring the key players, their winning strategies, and the factors that determine who builds a lasting presence in the market.
Key Players and Winning Strategies:
Global Adhesive Titans: Companies like Henkel, Bostik, 3M, Dow, and Sika AG hold significant market share, leveraging their vast production capacities, diverse product portfolios, and established global footprints. Henkel, for instance, dominates the high-performance construction sealants segment, catering to demanding commercial and infrastructure projects.
Regional Champions: Players like Mapei (Italy), Saint-Gobain (France), and Laticrete International, Inc. (United States) excel in specific regions, capitalizing on local knowledge and strong relationships with regional construction companies. Laticrete caters to the North American market with its comprehensive range of tile installation adhesives and grouts.
Sustainability Champions: Emerging players like EVOCHEM and Green Earth Building Products are carving a niche through eco-friendly offerings. EVOCHEM focuses on developing low-VOC and bio-based adhesives and sealants, aligning with stricter regulations and green building initiatives.
Niche Specialists: Smaller players like Cenospheres International and Permabond push boundaries with cutting-edge advancements. Cenospheres International's unique lightweight cenosphere-based adhesives offer improved energy efficiency and thermal insulation, while Permabond caters to specialty applications like high-temperature resistant sealants for chimneys and ovens.
Factors Shaping Market Share:
Performance and Durability: Meeting diverse construction needs with strong bonding strength, resistance to weathering, temperature extremes, and movement is crucial. Henkel's high-performance sealants exemplify this focus.
Sustainability and Environmental Footprint: Reducing VOC emissions, utilizing renewable feedstocks, and minimizing waste generation are becoming essential criteria for market penetration, driven by stricter regulations and eco-conscious construction projects. EVOCHEM's low-VOC adhesives resonate with this trend.
Cost-Effectiveness and Value Proposition: Balancing high performance with competitive pricing is vital, particularly in price-sensitive segments like residential construction. Laticrete's cost-effective tile adhesives find favor in budget-conscious projects.
Technological Advancements and Applications: Constant research and development of new adhesive and sealant formulations with additional functionalities, like fire resistance or acoustic insulation, opens up new avenues for market growth. Cenospheres International's energy-efficient adhesives illustrate this trend.
Key Companies in the Construction Adhesive and Sealant market include
Recent Developments
October 2023: Permabond introduces a novel high-temperature sealant for industrial boilers and ovens, catering to the need for heavy-duty applications.
November 2023: Sika AG collaborates with a research institute to develop self-healing sealants for infrastructure repair, opening doors for reduced maintenance costs and extended lifespan of structures.
December 2023: The American Society of Civil Engineers releases a white paper on best practices for responsible sourcing and ethical extraction of raw materials for construction adhesives and sealants, promoting transparency and sustainability throughout the supply chain.
Construction Adhesive and Sealant Market Size was valued at USD 8.3 Billion in 2022. The Construction Adhesive and Sealant market End Use is projected to grow from USD 8.9 Billion in 2023 to USD 15.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2023 - 2032). Adhesives and sealants with high shear and tensile strengths, a surge in housing and building projects in developing nations, and rising investment in the construction sector are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Construction adhesives are used in infrastructure development projects like building roads, installing tunnels, and repairing and building bridges. They are also used to bond a wide range of materials, including concrete, wood, metal, plastic, and others, in a number of applications. They are used in the residential housing industry to put up drywall, baseboards, and crown moulding. There is a rising need for chemically safe, environmentally friendly adhesives as sustainability and the environment are being stressed more and more. The VC shield technology, first presented by Somany in 2022, is well-known in the construction sector for its abrasion resistance and long lifespan. Construction adhesive product demand is anticipated to increase as a result of China's One Belt, One Road plan.
But it is anticipated that strict regulations related to the use of construction adhesives based on solvent-based volatile organic compounds (VOCs) will impede market expansion. Governments all across the world have passed laws limiting the amount of VOCs and requiring producers to meet certain standards. Although low-VOC adhesives may not perform as well as their high-VOC counterparts, which may make them more challenging to work with or less successful in some instances, they can nevertheless assist builders in achieving sustainability goals and improve the general quality and effectiveness of construction projects. Builders are coming up with innovative ways to use adhesives in their projects, and manufacturers are investing in the development of low-VOC and VOC-free adhesives. Due of their possible effects on the environment and human health, volatile organic compounds (VOCs) in solvent-based construction adhesives are becoming more prevalent. When adhesives are applied and cured, dangerous compounds called VOCs can be released into the air, adding to air pollution and posing health dangers to workers and building occupants.
The primary factors for the phenomenal growth of the construction adhesives industry have been increased demand from the non-residential and residential sectors, government incentives for affordable housing to boost building activity, and ongoing infrastructure projects. The demand for adhesives has increased in APAC nations like India, China, Indonesia, Vietnam, Malaysia, and Thailand due to the emergence of new end-use activities like new construction works, repairs, maintenance, and renovation of floors, roofs, wall coverings, beams, among other things. Thus, driving the Construction Adhesive and Sealant market revenue.
The Construction Adhesive and Sealant market segmentation, based on product type, includes Emulsions & Dispersions, Hot Melt, Polyurethane, Natural Adhesives & Sealants, Epoxy, and Others. Emulsions & dispersions segment dominated the market in 2022. 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. Additionally, roofing components like membranes and shingles are attached to the roof deck using acrylic adhesives. Additionally, they are employed in the production of metal panels and roofing.
The Construction Adhesive and Sealant market segmentation, based on technology, includes Reactive, Waterborne, Solvent Borne, and Others. Waterborne segment dominated the market in 2022. 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. Due to their intense odour and associated health dangers, solvent-based adhesives are frequently employed in indoor applications where they may not be appropriate.
Figure 1: Construction Adhesive and Sealant Market, by Technology, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Construction Adhesive and Sealant market segmentation, based on end use, includes Waterproofing, Insulation, Pressure Sensitive Tapes & Labels, Walls & Panels, Roof & Floors, and Others. 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. Building and construction adhesives are also used to create ecologically responsible and structurally sound rooms that shelter and safeguard people and their belongings.
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Construction Adhesive and Sealant Market dominated this market in 2022 (45.80%). The development of the construction adhesive and sealant market has been fueled by the expansion of the country's construction industry. Further, the U.S. Construction Adhesive and Sealant market held the largest market share, and the Canada Construction Adhesive and Sealant market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: CONSTRUCTION ADHESIVE AND SEALANT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Construction Adhesive and Sealant market accounted for the healthy market share in 2022. The key factors driving the boom in residential development include a strong economic expansion, an increase in new households, and low mortgage rates. During the projected period, a decline in the market for multi-family housing is anticipated to have a moderate effect on residential structures. Further, the German Construction Adhesive and Sealant market held the largest market share, and the U.K Construction Adhesive and Sealant market was the fastest growing market in the European region
The Asia Pacific Construction Adhesive and Sealant market is expected to register significant growth from 2023 to 2032. This is due to the substantial demand from the construction business in nations like China, India, and Southeast Asia. Due to the expansion of important economic and corporate centres in the area and rivalry among builders for appealing appearances and environmentally friendly and cost-effective construction, the number of commercial buildings and offices has expanded over the past ten years. Moreover, China’s Construction Adhesive and Sealant market held the largest market share and the Indian Construction Adhesive and Sealant market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Construction Adhesive and Sealant market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Construction Adhesive and Sealant End Use must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Construction Adhesive and Sealant End Use to benefit clients and increase the market sector. In recent years, the Construction Adhesive and Sealant End Use has offered some of the most significant advantages to medicine. Major players in the Construction Adhesive and Sealant market, including Arkema SA, Wacker Chemie AG, Royal Adhesives & Sealants, PPG Industries, Inc., MAPEI SPA, Huntsman International LLC, Henkel AG & Co. KGaA, H.B. Fuller Company, Solvay, Berry Inc., BASF SE, Avery Dennison Corporation, Ashland, and DAP Products Inc., are attempting to increase market demand by investing in research and development Product Types.
Arkema SA (Arkema) specialises in the production of innovative materials and specialised chemicals. Adhesives, biobased materials, coatings, composites, health care, and athletic goods are among the industries for which the company offers solutions. The company's products include technical polymers, filtration and adsorption, organic peroxides, thiochemicals, fluorogases, hydrogen peroxide, acrylics, coating resins, photocure resins, and rheology additives. Agriculture, air conditioning, automotive, chemicals, coating, consumer goods, electrical, oil, health, packaging, plastics, pulp, rubber, sports, and water treatment are a few more industries that use the company's products. The company has operations in Asia, the United States, Europe, Canada, and Mexico. France's Colombes is home to Arkema's corporate headquarters. In July 2022, Arkema acquired Permoseal in an effort to strengthen and broaden its position in South Africa. Manufacturer of adhesive products for DIY, packaging, and building applications is Permoseal.
H.B. Fuller Co. (H.B. Fuller) develops, manufactures, and markets specialty chemical goods such sealants and adhesives. The company sells grout, sealants, tile-setting adhesives, and other related products for use in residential construction markets. Among its clients are companies in the electronics, specialty polymers, healthcare, disposable hygiene, transportation, renewable energy, packaging, woodworking, and general industries. In addition to North America, Europe, Latin America, Asia-Pacific, India, the Middle East, and Africa, the firm also offers technical support and tailored solutions to meet the particular demands of customers. The headquarters of H.B. Fuller are located in St. Paul, Minnesota, in the United States. In February 2022, H.B. Fuller Company acquired Apollo, an independent British manufacturer of liquid adhesives, coatings, and primers for the construction, industrial, and roofing markets. This purchase was expected to help H.B. Fuller increase its market share in significant building areas across Europe and the UK.
December 2021: For the wind energy industry, Hexcel and METYX will work together to create high-performance carbon pultruded profiles using polyurethane resin and unidirectional carbon fibre.
Construction Adhesive Sealant Market Highlights:
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