25 June 2020: The construction adhesive market is likely to witness growth due to increase in infrastructural development and construction. Construction adhesives are used as raw materials in order to bond various construction materials with each other. It is also used to grip or fuse various materials together such as synthetic rubber, inorganic fillers, resins, preservative compounds, etc. High demand for construction adhesives in industrial, commercial, and residential buildings around the world is propelling the growth of the market.
Demand in Construction Sector to Boost Segment Growth
Based on resin type, the market is segmented into acrylic adhesive, polyurethanes, polyvinyl acetate, epoxy, etc. These adhesives contain methyl acrylic polymers that are used to efficiently bond number of items together. Acrylic is extensively used in the construction industry due to its exceptional bonding properties. Developing countries such as India and China have witnessed growth due to surging demand in construction sector.
Polyurethane (PU) adhesives possess high grade qualities that include flexibility, chemical resistance, and high impact. PU glue also has anti UV rays properties and can be used in places that have high moisture content. Polyvinyl acetate (PVA) resin is used for bonding, sealing, and dust proofing as it provides strength and durability.
Epoxy adhesives are used in mechanical and electrical insulators due to their heat, chemical, and water resistant properties. The adhesives are used to withstand harsh environmental conditions and are used in UV/heat curing systems. These characteristics of different types of adhesives are responsible for fueling the growth of the product in building and construction sectors.
Market Insights
Rapid increase in commercial and residential buildings is a major driving factor for the market growth. High durability and affordability makes them an ideal material of choice for contractors and consumers. Increasing applications in architectural design and renovation of old buildings is another factor driving the growth of the market globally. Increasing developments by companies in order to reduce the cost involved in manufacturing the products is expected to spur the construction adhesive market growth.
Leading players in this sector are H.B. Fuller; 3M Company; Avery Dennison Corporation; Bostik SA (An Arkema Company); Sika AG; The Dow Chemical Company; KGaA; Henkel AG & Co.; Franklin International; Illinois Tool Works Incorporation; and DAP Products, Inc; among others.
