United States Construction Adhesives Market to Grow with a CAGR of 3.86% through 2028
Surge in research and development activities is expected to drive the United
States Construction Adhesives Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “United
States Construction Adhesives Market– By Region, Competition, Forecast and
Opportunities, 2018-2028F”, the United States Construction Adhesives Market
stood at USD1.12 billion in 2022 and is anticipated to grow with a CAGR of 3.86%
in the forecast period, 2023-2028. The initiatives taken by government based on
construction adhesives has led to favorable market conditions for the United
States Construction Adhesives Market. Several factors contribute to the growth
of various construction adhesives market products.
The U.S.
government, recognizing the importance of sustainable construction practices,
has been actively encouraging the widespread adoption of green adhesives in the
industry. These innovative adhesives, specifically formulated to have lower
levels of volatile organic compounds (VOCs) than their traditional
counterparts, not only contribute to a healthier environment but also improve
indoor air quality for occupants.
Furthermore, the
U.S. Environmental Protection Agency (EPA) has been at the forefront of
promoting comprehensive strategies for reducing, reusing, and recycling
construction and demolition materials. As part of these efforts, the EPA
emphasizes the responsible use of adhesives in order to minimize waste and
environmental impact. By following these best practices, construction
professionals can contribute to a more sustainable future while maintaining
high standards of quality and performance.
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Manufacturers
are making significant investments in research and development (R&D)
initiatives to create cutting-edge adhesives that have the capability to bond
various types of materials under diverse and challenging conditions, including
wet surfaces. These advancements in adhesive technology not only enhance the
performance characteristics of construction adhesives but also expand their
application scope across the construction industry, providing solutions for a
wide range of construction projects such as high-humidity environments, outdoor
applications, and even underwater constructions.
The continuous
drive for innovation in adhesive development ensures that construction
professionals have access to versatile and reliable bonding solutions that meet
the evolving demands of the industry.
The United
States Construction Adhesives Market is segmented in resin type, technology, regional
distribution, and company.
Based on its resin type, the acrylic adhesive segment
held the largest share in the market. Aligned with the prevailing global
sustainability trends, the construction industry is witnessing a notable shift
towards eco-friendly products. A prime example of this is the growing
preference for acrylic polymer emulsion adhesives, which are water-based and
exhibit significantly lower emissions of volatile organic compounds (VOCs)
compared to their solvent-based counterparts. The remarkable environmental
friendliness of acrylic adhesives is a crucial factor driving their increased
adoption in construction projects worldwide.
Based on region, Mid-West segment is expected to grow
during the forecast period.
The Midwest region, known for its vibrant construction
industry, is home to a multitude of major players in the construction adhesives
market. These reputable companies, with their state-of-the-art facilities and
cutting-edge technologies, contribute significantly to the region's thriving
construction sector. Their strategic presence in the Midwest not only ensures
easy access to high-quality construction adhesives but also fuels the momentum
of local construction projects, propelling further growth in the market.
Major companies operating in United States
Construction Adhesives Market are:
- 3M Company
- Bostik Inc.
- Sika AG
- BASF SE
- The Dow Chemical Company
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“Growing application of construction adhesives in
various end user industries are key drivers of the construction adhesives
market. Growth in competitive landscape and presence of well-established companies
in the market who are dedicated to enhance their productivity of construction adhesives
with every passing year are anticipated to register an impressive growth to United
States Construction Adhesives Market in the forecast period.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“United States Construction Adhesives Market By Resin Type (Acrylic
Adhesive, Polyurethane (PU), Epoxy, Polyvinyl Acetate (PVA), Others), By Technology
(Waterborne Technology, Solvent-Borne Technology, Reactive Technology, Others),
By Region, By
Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of United States Construction Adhesives Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United States Construction Adhesives Market.
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