The Construction Adhesives Market size is expected to grow from USD 8.94 billion in 2023 to USD 12.02 billion by 2028, at a CAGR of 6.10% during the forecast period (2023-2028).
The outbreak of COVID-19 brought several short-term and long-term consequences in the construction industry, which is likely to affect the demand for construction adhesives and sealants. According to the Associated General Contractors of America (AGC), there were disruptions to work or canceled projects, and the demand may be potentially less for “non-essential” projects, like offices, entertainment, and sports facilities. Due to the shutdown of such projects and other construction activities, the demand for construction adhesives tends to constrain.
The global construction adhesive market is consolidated in nature. Some of the major players include Henkel Adhesives Technologies India Private Limited, Dow, H.B. Fuller, Arkema Group, and 3M.
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