Global Construction Adhesives market segments 2024, Forecast To 2033

The construction adhesives market has demonstrated robust growth, ascending from $11.15 billion in 2023 to $12.14 billion in 2024, marked by a commendable compound annual growth rate (CAGR) of 8.9%. The growth in the historic period is associated with construction and infrastructure projects, building renovations and repairs, a burgeoning need for green building and sustainability, increased regulatory compliance, and the ongoing trends of urbanization and population growth. Anticipating continued strong growth, the market size is expected to reach $17.05 billion in 2028, with a consistent CAGR of 8.9%. Factors contributing to this growth include increasing adoption of digital construction workflows, embracing circular economy practices, adherence to construction safety standards, the growth of emerging markets, and a proactive approach to adapting to changing climate conditions. Major trends in the forecast period include high-performance and specialty adhesives, innovative prefabrication and modular construction, the introduction of sustainable and low-VOC adhesives, innovative technological integration, and the incorporation of smart building technologies.