Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Construction Adhesives Market size was over USD 11.2 billion in 2024 and is projected to reach USD 21.38 billion by 2037, growing at around 5.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of construction adhesives is assessed at USD 11.69 billion.
The growth of the market can be attributed to the various advantages provided by adhesives, over other bonding materials. Adhesives provide flexibility in the bonded surfaces, divides stress evenly across the joint, and is very cost-effective. The escalating construction of residential buildings is estimated to boost the market growth. Permanent residences are being built on a mass scale by government as well as private builders to provide housing for the ever-increasing population, which requires adhesive for flooring, outdoor insulation and panel installments, among others. This is expected to propel the market growth. Moreover, availability of a variety of adhesives as per the requirement of construction process, is projected to encourage the market development.
Construction Adhesives Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Construction Activities Globally
- Growing Use of Tiles and Wallpapers for Residential Purpose
Challenges
- Unstable Economic Nature of Construction Industry
- Standstill Caused by COVID-19 Pandemic
Construction Adhesives Market: Key Insights
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
5.1% |
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Base Year Market Size (2023) |
USD 10.66 billion |
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Forecast Year Market Size (2036) |
USD 20.35 billion |
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Regional Scope |
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Construction Adhesives Segmentation
The market is segmented by application into tile installation, wallpapers, carper lying and others, out of which, the tile installation segment is anticipated to hold the notable share in the global construction adhesives market over the forecast period on account of increasing construction of residential buildings, where tiles are extensively used for flooring. On the basis of end-user, the residential segment is estimated to gain the highest market revenue over the forecast period, on the back of increasing construction of houses, and use of adhesive for installation of tiles, wallpapers, and others. In the U.S., construction of new houses crossed the expenditure of USD 200 billion, which is estimated to reach USD 430 billion by 2024.
Our in-depth analysis of the global market includes the following segments
By Type |
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By Application |
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By End-User
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Customize this ReportConstruction Adhesives Industry - Regional Synopsis
On the basis of geographical analysis, the global market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is anticipated to hold largest revenue share by 2037, on account of increasing construction of housing societies, office buildings, and other infrastructural construction in the region.
North America Market Analysis
The market in the North America region is anticipated to garner major market share during the forecast period, owing to rising construction activities in United States, and Canada, backed by growing urban population.
Companies Dominating the Construction Adhesives Landscape
- BASF SE
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Sika AG
- 3M
- Illinois Tool Works Inc
- Henkel Adhesives Technologies India Private Limited
- H.B. Fuller Company
- Arkema Group
- The Dow Chemical Company
- DAP Products Inc.
- Avery Dennison Corporation
In the News
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May, 2021: Saint-Gobain to acquire CHRYSO SAS, which is a leading global player in the construction chemicals. The acquisition aims to promote sustainable construction.
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July, 2021: Bostik, an adhesive solutions division of Arkema, announced the launch of a new line of Polyurethane-based sealants and adhesives for the construction markets in Europe and Asia Pacific.
Author Credits: Rajrani Baghel
- Report ID: 3388
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
