Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4,900.88 Million | USD 6,100.21 Million | 2.77% | 2022 |
The global Building Envelope Adhesives & Sealants Market size was worth around USD 4,900.88 Million in 2022 and is predicted to grow to around USD 6,100.21 Million by 2030 with a compound annual growth rate (CAGR) of roughly 2.77% between 2023 and 2030.
Adhesives & sealants are the solutions specifically used to block the channel of fluids in materials through the openings, joints or surface. These solutions also serve the purposes of heat transmission blocking dust and sound. Building envelope adhesives & sealants ensure that your building remains durably and sustainably watertight for its entire lifespan. These adhesives & sealants are durable with high-performance bonding and alternating solutions. Further, the building envelope adhesives & sealants can be used for a variety of applications such as window framing, expansion joints, roofing, fire protection, façade panel fixing, walls, and panels.
The global rise in demand for construction adhesives & sealants specifically in the commercial and industrial sector is the key driving factor for the market growth. Increasing numbers of construction materials & supplies, snugger budgets, and higher requirements in energy efficiency contribute to the growth of the global building envelope adhesives & sealants market. The building envelope adhesives & sealants are used for a variety of applications such as anchoring applications, ductwork, and structural glazing in the construction industry thereby boosts the demand in the market. Further, the increasing use of adhesives and sealants for thermal insulation solutions for reducing solar heat gain in summer as well as heat loss in winter is expected to enhance the demand for building envelope adhesives & sealants and drives the market growth.
However, stringent government regulation related to environmental laws such as the production of chemical and petro-based products is expected to hamper the market growth of building envelope adhesives & sealants in the developed regions such as North America and Europe. Furthermore, increasing focus on manufacturing environmental-friendly construction adhesives along with rising demand for adhesives with low VOCs are anticipated to offer a lucrative opportunity to building envelope adhesives & sealants market in the forecast period.
The current concern over the spread of coronavirus has severely impacted the construction and manufacturing industry which in turn affected the demand of the building envelope adhesives & sealants market. The rapidly spreading COVID-19 virus directly affected human lives. To control the spread of the coronavirus, government of numerous countries suddenly imposed lockdown with shut down of manufacturing & production sites, constructions units, and other industries. This sudden imposition of regulation leads to supply chain disruption and reduced demand from the end-user industries. These all the parameters have shown adverse effects on building envelope adhesives & sealants market.
The global building envelope adhesives & sealants market is divided based on technology, adhesive resin, adhesive application, sealant resin, and region. Based on technology, the global building envelope adhesives & sealants market is split into solvent-less, solvent-based, and water-based. The adhesive resin segment is bifurcated into polyurethane, epoxy, acrylic, rubber, and others. Polyurethane, silicone, acrylic, silane-modified polymer (SMP), and others are the types of sealant resins of building envelope adhesives & sealants. The adhesive application segment consists of façade panel fixing, wall joints, sanitary, passive fire protection, roofing, walls, subfloor, others.
Asia Pacific region is anticipated to hold the maximum share in the global building envelope adhesives & sealants market during the forecast period. Rapidly growing end-user industries in emerging countries and frequent rise in the construction industry in this region boosting the growth of the market. China is expected to be the fastest-growing market owing to the easy availability of materials required for construction and the availability of a cheaper workforce. On the other hand, North America is expected to grow at a faster rate and is expected to offer lucrative opportunities for market growth.
Report Attributes | Report Details |
---|---|
Report Name | Building Envelope Adhesives & Sealants Market Size Report |
Market Size in 2022 | USD 4,900.88 Million |
Market Forecast in 2030 | USD 6,100.21 Million |
Growth Rate | CAGR of 2.77% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | The 3M Company, Sika AG, The Dow Chemical Company, Henkel AG, Arkema S.A., Mapei S.p.A., ICP Group, H.B. Fuller Company, tremco illbruck GmbH, and Soudal Group |
Segments Covered | By Technology, By Adhesive Resin, By Sealant Resin, By Adhesive Application and By region. |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The building envelope adhesives & sealants market is highly concentrated due to the presence of international as well as national key players.
By Technology:
By Adhesive Resin:
By Sealant Resin:
By Adhesive Application:
Global Building Envelope Adhesives & Sealants Market: Regional Segment Analysis
What Reports Provides
FrequentlyAsked Questions
The global rise in demand for construction adhesives & sealants specifically in the commercial and industrial sector is the key driving factor for the market growth. Increasing numbers of construction materials and supplies, snugger budgets, and higher requirements in energy efficiency contribute to the growth of the global building envelope adhesives & sealants market. Furthermore, increasing focus on manufacturing environmental-friendly construction adhesives along with rising demand for adhesives with low VOCs are anticipated to offer a lucrative opportunity to building envelope adhesives & sealants market in the forecast period.
The Building Envelope Adhesives & Sealants Market is highly concentrated due to presence of international as well as national key players. The 3M Company, Sika AG, The Dow Chemical Company, Henkel AG, Arkema S.A., Mapei S.p.A., ICP Group, H.B. Fuller Company, tremco illbruck GmbH, and Soudal Group some of the leading players that are functioning in the global Building Envelope Adhesives & Sealants market.
The Asia Pacific region is anticipated to hold the maximum share in the global building envelope adhesives & sealants market during the forecast period. Rapidly growing end user industries in emerging countries and frequent rise in the construction industry in this region boosting the growth of the market.
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