Construction Adhesives Market Segmentation:
End use Segment Analysis
The residential construction segment is predicted to gain the largest market share of 42.3% during the projected period by 2034, due to a strong increase in global investment for housing and urban development programs. For example, the U.S. Department of Housing and Urban Development (HUD) has indicated a steady annual increase in the number of housing starts, thanks to infrastructure stimulus packages. In addition, energy-efficient building codes require buildings to have high-performance adhesives that are used to ensure the building stays together and has the insulation value required to comply with building codes, which has boosted demand within residential projects.
Technology Segment Analysis
The water-based adhesives segment is anticipated to constitute the most significant growth by 2034, with 38.2% market share, mainly due to their low VOC emissions, meeting EPA Clean Air Act standards, and being easy to apply on a variety of substrates. The EPA has taken a hard look at VOC limits under its National Emission Standards for Hazardous Air Pollutants (NESHAP) for surface coating, and this has benefited water-based adhesives by encouraging a switch from solvent-based to water-based. In addition, the surge of green building programs, as well as increased usage in floor and paneling applications, has all contributed to this growth.
Our in-depth analysis of the global construction adhesives market includes the following segments:
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