Global Construction Adhesives & Sealants Market | Aici


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The Global Construction Adhesives & Sealants Market is expected to register a CAGR of 6.22%. Key Highlights. Largest Segment by Technology – Sealants : Globally, sealants have registered the highest market share due to their extensive use in the building and construction industry, including composites, insulation, curtain wall, facade, and glazing.

New York, Jan. 24, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Construction Adhesives & Sealants Market – SIZE, SHARE, COVID-19 IMPACT & FORECASES UNTIL 2028” – https:// www.reportlinker.com /p06381271/?utm_source=GNW

Largest Resin Segment – Polyurethane : Polyurethane resins hold the largest market share due to their wide use as adhesives and sealants in the building and construction industry, especially for both interior and exterior applications.
Largest Segment by Region – Asia-Pacific : The Asia-Pacific region is the largest regional segment, driven mainly by the demand for residential and commercial construction in countries including India, China, South Korea, Thailand, and Japan.
Fastest growing segment by Region – Asia-Pacific : Due to the increasing population and rapid urbanization in countries such as China, India, Indonesia, and Malaysia, the Asia-Pacific region is expected to be the fastest growing region in the market over time. time to predict.

Key Market Trends

Polyurethane is mainly a resin.

Globally, the most prominent are adhesives and sealants based on polyurethane, acrylic, silicone, and polysulphide resins. The global demand for these products saw a slow growth between 2017-2019 due to the decline in construction activities in the Asia-Pacific and Europe regions. Demand from these two regions recorded CAGRs of -1.82% and 0.73%, respectively, during this period. Demand for construction adhesives and sealants declined in 2020 in all regions due to shortages of raw materials, labor, and other supplies due to the COVID-19 pandemic. Among all resins, the demand for adhesives based on cyanoacrylate resins was the most affected and decreased by 6.19% compared to 2019.

In 2021, as restrictions eased, demand for construction adhesives and sealants rebounded to pre-pandemic levels. Support schemes such as the Homebuilder program in Australia have played an important role in the growth in demand. This growth trend is expected to continue throughout the forecast period, while the demand for construction adhesives and sealants is expected to record a CAGR of 4.13% during the forecast period of 2022-2028.
Construction adhesives and sealants based on acrylic resin have taken the largest share of demand among all resins due to their strong bonds. The demand share for acrylic resins is expected to remain very high during the forecast period. The growth in demand for silicone resin-based adhesives and sealants is expected to outpace the growth in demand for acrylic resin-based construction adhesives and sealants over the forecast period.

Asia-Pacific is the largest segment in terms of Region.

Asia-Pacific accounted for the largest share of the demand for adhesives and sealants in construction throughout the study period due to the large number of construction activities in China, Japan, South Korea, India, Australia, and other countries in the region. China has the largest construction market in the world and generates up to 71% of the demand from Asia-Pacific due to the country’s population and increasing urbanization.
In 2017-2019, the demand for construction adhesives and sealants slowed down due to the decline in construction activities in several European and South American countries due to the increasing volatility of the financial markets and the increase in interest rates by the central banks of countries such as Argentina.
In 2020, the demand for construction adhesives and sealants decreased by 27 percent in several countries, but the global impact was not as bad as construction activities were considered important in several countries such as South Africa and Brazil, among others. In a few countries, such as Russia, construction sites were among the first to reopen after the pandemic. These factors reduced the impact of the COVID-19 pandemic on the global market, limiting the decline to 7.6%.
In 2021, due to aid packages and support programs in countries such as the United States, Australia, and EU countries, construction activities quickly reached their pre-pandemic levels, thus increasing the demand for construction adhesives and sealants. Adhesives and sealants for infrastructure construction is expected to witness the highest growth among other adhesives and sealants types during the forecast period due to increased investment and budget allocation in Europe, South America and Asia-Pacific countries.

The Competitive Landscape

The Global Construction Adhesives & Sealants Market is fragmented, with the top five companies accounting for 32.69%. The main players in this market are Arkema Group, Henkel AG & Co. KGaA, MAPEI SpA, Sika AG and Soudal Holding NV (in alphabetical order).

Additional Benefits:

Market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06381271/?utm_source=GNW

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