Construction Adhesives Market size was over USD 10.66 billion in 2023 and is anticipated to cross USD 20.35 billion by the end of 2036, witnessing more than 5.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of construction adhesives is assessed at USD 11.09 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.
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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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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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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 predicted to dominate majority revenue share by 2036, 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.
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.
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
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