United States Construction Adhesives Market Size, Share, and COVID-19 Impact Analysis, By Resin Type (Acrylic Adhesive, Polyurethane (PU), Epoxy, Polyvinyl Acetate (PVA), Others), By Technology (Waterborne Technology, Solvent-Borne Technology, Reactive Technology, Others), and United States Construction Adhesives Market Insights Forecasts to 2033

Industry: Chemicals & Materials

RELEASE DATE Jan 2024
REPORT ID SI3469
PAGES 200
REPORT FORMAT PathSoft

United States Construction Adhesives Market Insights Forecasts to 2033

  • The United States Construction Adhesives Market Size was valued at USD 1.16 Billion in 2023.
  • The Market Size is Growing at a CAGR of 3.5% from 2023 to 2033.
  • The United States Construction Adhesives Market Size is Expected to Reach USD 1.64 Billion by 2033.

United States Construction Adhesives Market

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The United States Construction Adhesives Market Size is expected to reach USD 1.64 Billion by 2033, at a CAGR of 3.5% during the forecast period 2023 to 2033.

 

Market Overview

Construction adhesives are specially formulated adhesives that are used to bond and join various types of building materials, including wood, metal, plastic, concrete, and others. These adhesives are intended to provide high-strength bonding and improve the durability and stability of structures in residential, commercial, and industrial settings. They are commonly used in a variety of applications, including flooring installation, baseboard and crown molding attachment, drywall bonding, and many more. Construction adhesives can be solvent-based or water-based, and they come in a variety of formulations to suit different materials and applications. They are an essential component in construction projects, helping to build structures that are stronger, more resilient, and more efficient. Construction adhesives are used to bond a wide range of materials, including wood, metal, concrete, and plastic. Construction adhesives are used in a variety of applications, such as road construction, bridge repair and construction, and tunnel installation. Construction adhesives are commonly used in residential housing for flooring installation, baseboard and crown molding attachment, drywall bonding, and other applications requiring increased strength and stability.

 

Report Coverage

This research report categorizes the market for United States construction adhesives market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States construction adhesives market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the United States construction adhesives market.

 

United States Construction Adhesives Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 1.16 Billion
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:3.5%
2033 Value Projection:1.64 Billion
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:115
Segments covered:By Resin Type, By Technology
Companies Covered:3M Company, Bostik Inc., Sika AG, BASF SE, The Dow Chemical Company, and other key companies.
Pitfalls & Challenges:Covid-19 Empact,Challenges,Growth, Analysis.

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Driving Factors

Construction adhesives are specialty products that are specifically designed to bond a variety of construction materials together. They play an important role in a variety of construction applications, including flooring, tiling, panel laminating, and insulation, ensuring structural durability and stability. With continuous advancements in adhesive technology, these products have evolved to become even stronger, more durable, and versatile, effectively meeting the diverse needs and challenges of the ever-changing construction industry. The construction adhesives market is growing primarily due to increased investments in residential and commercial building projects, infrastructure development, and urbanization. As the construction industry expands to meet the needs of a growing population, so does the demand for dependable and high-performance construction adhesive. These adhesives have become indispensable for a wide range of construction tasks, including drywall and tile installation and structural element bonding, ensuring buildings' structural integrity and longevity.

 

Restraining Factors

The construction adhesives market relies heavily on a variety of raw materials, including acrylic, polyurethane, and vinyl acetate. These materials play a critical role in ensuring adhesive quality and performance in a variety of applications. However, prices for these raw materials can fluctuate significantly due to a variety of factors. Price volatility is primarily driven by changes in demand and supply dynamics. As market conditions change, the demand for raw materials fluctuates, affecting availability and prices. Furthermore, geopolitical events and regulatory policies can create uncertainty, contributing to market price fluctuations.

 

Market Segment

  • In 2023, the acrylic adhesive segment accounted for the largest revenue share over the forecast period.

Based on the resin type, the United States construction adhesives market is segmented into acrylic adhesive, polyurethane (PU), epoxy, polyvinyl acetate (PVA), and others. Among these, the acrylic adhesive segment has the largest revenue share over the forecast period. Acrylic adhesives, available in a variety of forms including emulsions, solvents, and cyanoacrylates, have several advantages over traditional mechanical fasteners. These benefits include reduced weight, improved aesthetics, and increased resistance, making them an increasingly popular choice for a variety of construction applications.

 

  • In 2023, the waterborne technology segment accounted for the largest revenue share over the forecast period.

Based on the technology, the United States construction adhesives market is segmented into waterborne technology, solvent-borne technology, reactive technology, and others. Among these, the waterborne technology segment has the largest revenue share over the forecast period. Waterborne adhesives are gaining popularity in the construction industry due to their lower environmental impact than solvent-based adhesives. This shift is fueled by their lower levels of volatile organic compounds (VOCs), which not only contribute to air pollution but also pose health risks. By embracing waterborne adhesives, the construction industry aligns with sustainability trends and addresses the growing preference for green building practices.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States construction adhesives market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • 3M Company
  • Bostik Inc.
  • Sika AG
  • BASF SE
  • The Dow Chemical Company
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

In October 2022, 3M, a global leader in adhesive technology, and the Construction Industry Institute (CII), a well-known research organization, have announced a groundbreaking collaboration aimed at transforming the construction industry. This ground-breaking collaboration focuses on the creation of innovative construction adhesives designed specifically for prefabricated construction. The goal is to develop adhesive solutions that not only bond prefabricated components together, but also provide exceptional strength and durability, ensuring the longevity and structural integrity of prefabricated structures. Through this collaborative effort, 3M and CII aim to shape the future of construction by introducing cutting-edge adhesive technologies that will improve the efficiency, sustainability, and quality of prefabricated construction projects around the world.

 

Market Segment

This study forecasts country revenue from 2022 to 2033. Spherical Insights has segmented the United States construction adhesives market based on the below-mentioned segments:

 

United States Construction Adhesives Market, By Resin Type

  • Acrylic Adhesive
  • Polyurethane (PU)
  • Epoxy
  • Polyvinyl Acetate (PVA)
  • Others

 

United States Construction Adhesives Market, By Technology   

  • Waterborne Technology
  • Solvent-Borne Technology
  • Reactive Technology
  • Others

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