Construction Adhesives Market Size

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.

Frequently Asked Questions (FAQ)

Increasing construction of housing societies globally, along with various advantages of adhesive over other bonding materials is estimated to boost the market growth.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2022 â€“ 2030.

Unstable economic nature of construction industry is estimated to hamper the market growth.

The market in the Asia Pacific region is estimated to gain largest market share over the forecast period, owing to the increasing construction activities backed by the rising population and growing urbanization.

The major players in the market are H.B. Fuller Company, Arkema Group, The Dow Chemical Company, DAP Products Inc., and Avery Dennison Corporation.

Construction Adhesives Market Size