The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Construction Adhesives Global Market Report 2024, the construction adhesives market is expected to show significant growth in the forecast period.

The construction adhesives market has witnessed robust growth in recent years, with a notable increase from $11.15 billion in 2023 to $12.14 billion in 2024, showcasing a commendable compound annual growth rate (CAGR) of 8.9%. The roots of this growth can be traced back to various factors contributing to the historic expansion, including the surge in construction and infrastructure projects, increased demand for building renovations and repairs, a growing emphasis on green building and sustainability, rising regulatory compliance, and the overarching trends of urbanization and population growth.

Anticipated Growth: Building Tomorrow’s Landscape

The construction adhesives market is poised for sustained growth, projecting an increase to $17.05 billion in 2028 with a robust CAGR of 8.9%. This upward trajectory is attributed to several factors driving growth in the forecast period. Key contributors include the adoption of digital construction workflows, practices aligning with circular economies, stringent adherence to construction safety standards, emerging market growth, and a heightened focus on adapting to changing climate conditions. The forecasted period will also witness major trends such as the rise of high-performance and specialty adhesives, innovative approaches to prefabrication and modular construction, the introduction of sustainable and low-VOC adhesives, technological integration, and the advent of smart building technologies.

Increasing Infrastructure Investment Fuels Growth In The Construction Adhesives Market

Rising Investment in Infrastructure:

The upward trajectory of the construction adhesives market is propelled by a surge in investments in the infrastructure sector. As the backbone of modern society, the infrastructure sector encompasses transportation, energy, communication, and public services. Increased investment in this sector translates into opportunities for innovation in construction methods, materials, and technologies. For instance, a report by the UK-based Office for National Statistics highlights a 15.2% increase in total general government infrastructure spending in 2021 compared to 2020, reaching £23.8 billion in current prices. This surge in infrastructure investment is a key driver for the growth of the construction adhesives market.

Key Market Players:

Major players contributing to the growth of the construction adhesives market include Minnesota Mining and Manufacturing Company, Arkema SA, Dow Inc., Henkel AG & Co. KGaA, Sika AG, RPM International Inc., BASF SE, and several others. These industry giants play a crucial role in shaping the landscape and fostering innovation within the construction adhesives sector.

Sustainable Initiatives In Construction Adhesives Market To Gain A Competitive Edge

Driving Sustainability:

Major companies operating in the construction adhesives market are embracing sustainability to gain a competitive edge. Noteworthy initiatives include the development of Nuplaviva, aimed at reducing reliance on fossil carbon and fostering a more circular economy. Bostik SA, a France-based manufacturer, introduced Nuplaviva c50 and Nuplaviva c75 in September 2021, containing 50% and 75% biosourced material, respectively. These sustainable solutions offer the same performance and processability as traditional adhesive compositions, marking a significant stride towards a greener future.

Strategic Acquisitions:

In July 2022, H.B. Fuller Company, a US-based manufacturer and distributor, made a strategic move by acquiring Fourny NV, a Belgium-based formulator of industrial adhesives. This acquisition strengthens H.B. Fuller’s European presence, focusing on developing industries like roofing and building envelopes, and enhancing supply chain management in the region.

View More On The Construction Adhesives Market Report 2024 – https://www.thebusinessresearchcompany.com/report/construction-adhesives-global-market-report

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The Construction Adhesives Global Market Report 2024  provides an in-depth analysis on the construction adhesives market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the construction adhesives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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