The global construction adhesives & sealants chemical market is expected to reach $12,844 million by 2023, from $7,131 million in 2016, growing at a CAGR of 8.8% from 2016 to 2023. Adhesive is a chemical mixture, which holds at least two surfaces together to form a single unit. Sealant is a semisolid substance, which is used to fill the space between the two surfaces, thereby providing a barrier or protective coating. Adhesives have high shear and tensile strength and are used for holding and bonding applications. Sealants are used for their ability to fill gaps, and resist relative movement of the substrates. They are more flexible, but have lower strength than adhesives.

Rapid infrastructure development in emerging economies is a key factor that fuels the growth of the adhesives & sealants construction chemical market. In addition, expansion of production facilities in India and China to cater to the surging demands of adhesives & sealants is expected to drive the market growth. Growth in population in these countries is boosts the demand for housing and commercial infrastructure, which in turn is projected to supplement the market. However, volatility in the prices of raw material and regulatory intervention from the environment bodies & federal agencies are anticipated to hamper the growth of market during the forecast period. Stringent regulations have promoted R&D activities to develop bio-based adhesives & sealants with reduced carbon footprints, which is expected to provide growth opportunities for key players operating in the market.

The global construction adhesives & sealants chemical market is segmented based on adhesives type, sealant type, application, and geography. On the basis of adhesives type, the market is divided into water-based, solvent-based, hot melt, pressure-sensitive, and others (reactive and formaldehyde adhesives). Sealants are classified into acrylic, silicone, polyurethane, butyl, and others (polysulfide, latex, and silyl-modified polymers sealants). Applications covered in the study include residential, commercial, infrastructure, and repair structures. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major Players Profiled in this Study are

BASF SE
Arkema SA
Ashland Inc.
Fosroc International Limited
Mapie S.p.A.
Pidilite Industries
RPM International Inc.
Sika AG
The Dow Chemical Company
W.R. Grace & Company

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current & emerging market trends and dynamics in global adhesives & sealants market
In-depth analysis is done by constructing market estimations for the key segments between 2015 and 2023
Competitive landscaping and value chain are considered in the study to understand the market scenario across the geographies
Region-wise and country-wise global adhesives & sealants market dynamics are comprehensively analyzed in the report
Exhaustive analysis of global adhesives & sealants market by type helps in understanding various types of adhesives & sealants material that are currently being used along with the variants that would gain prominence in the future
Porter's Five Forces analysis highlights the potency of buyers and suppliers participating in this market, which offers a competitive advantage to stakeholders to make profit-oriented business decisions and to help strengthen their supplier & buyer network
This report provides the quantitative analysis of the current market and estimations from 2015 to 2023, which assists to identify the prevailing market opportunities

KEY MARKET SEGMENTS

By Type (Adhesives Market)

Water-Based
Solvent-Based
Hot Melt
Pressure-Sensitive
Others

By Type (Sealants Market)

Acrylic
Silicone
Polyurethane
Butyl
Others

By Application

Residential
Commercial
Infrastructure
Repair Structures

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Korea
Japan
India
Rest of Asia-Pacific
LAMEA
Brazil
Argentine
UAE
Saudi Arabia
Rest Of LAMEA

OTHER KEY PLAYERS

Henkel AG & Company
H.B. Fuller
Bostik SA
3M Company
Illinois Tool Works Corporation
Avery Dennison Corporation
DAP Products
Royal Adhesives & Sealants, LLC
Franklin International

(Companies mentioned above are not profiled in the report, but can be profiled upon client request)