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Construction Adhesives Market Size

Report ID: GMI6246
Published Date: Jul 2023
Report Format: PDF

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Construction Adhesives Market Size

Construction Adhesives Market size was valued at around USD 11.78 billion in 2023 and is anticipated to grow at a CAGR of 4.6% between 2024 and 2032. The increasing number of infrastructure projects has created a significant demand for adhesives. They are used in several construction applications such as flooring, wall paneling, tile installation, roofing, and insulation. Rapid urbanization and population growth will drive the demand for constructing new residential & commercial buildings. This will drive need for construction materials including adhesives, thereby fueling market expansion.

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Renovation & remodeling projects in residential & commercial buildings require adhesives for bonding & installation purposes. These projects involve the substitution or installation of various building components such as flooring, cabinetry, countertops, and fixtures, further fueling the demand for adhesives.

Construction Adhesives Market Report Attributes
Report Attribute	Details
Base Year:	2023
Construction Adhesives Market Size in 2023:	USD 11.78 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	4.6%
Historical Data for:	2018 to 2022
No. of Pages:	208
Tables, Charts & Figures:	194
Segments covered:	Product, Application, End Use, Region
Growth Drivers:	Rapidly growing construction industry Increasing urbanization Growing population
Pitfalls & Challenges:	Volatile raw material prices Presence of cost-effective alternatives Environmental concerns

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The raw materials used in construction adhesive production include resins, solvents, and additives. The costs of these materials can vary significantly, leading to increased production costs and a surge in final product prices. Furthermore, construction adhesives are subject to various environmental regulations & standards including restrictions on the use of Volatile Organic Compounds (VOCs) and hazardous substances. Manufacturers may find it difficult to comply with evolving regulations, especially if they require significant adjustments to products. Additionally, the presence of alternate fastening methods, such as mechanical fasteners, welding, and brazing, can also impact the adoption of construction adhesives. Creating awareness about the benefits of adhesive bonding over traditional fastening methods is needed to ensure product acceptance.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size foe construction adhesives was worth USD 11.78 billion in 2023 and is projected to reach USD 17.65 billion by 2032 owing to the rising number of infrastructure projects worldwide.

Construction adhesives industry from the polyurethane adhesives product segment generated USD 5.1 billion in 2022 and is expected to witness high demand through 2032 owing to increasing application in construction projects that need high bond strength.

U.S. market for construction adhesives amassed USD 2.5 billion in 2022 and is set to grow at a notable CAGR from 2023 – 2032 driven by the ongoing residential construction including single-family homes, multi-unit housing, and apartment complexes across the region.

Henkel AG & Co. KGaA, 3M Company, H.B. Fuller Company, Sika AG, Bostik (Arkema Group), Dow Chemical Company, Huntsman Corporation, Mapei Corporation, BASF SE, and Franklin International are the top companies engaged in the construction adhesives business.