Global construction adhesives market is anticipated to grow at a CAGR of 2.6% during the forecast period (2023-2030). Adhesives designed for construction find application in infrastructure projects, including repair and construction of bridges, road development, and tunnel installations. Governments in several countries around the globe are investing heavily in countries infrastructure development. Government-funded construction projects aim to improve public services and stimulate economic growth and most projects can be very expensive. For instance, November 2023, the U.S. General Services Administration (GSA) announced a $2 billion investment for more than 150 construction projects that use cleaner construction materials, known as “low-embodied carbon” (LEC) materials, as part of the Biden-Harris Administration’s investing in America agenda. The funding will support projects across 39 states, the District of Columbia, and the Commonwealth of Puerto Rico and will catalyze the market for American-made low carbon asphalt, concrete, glass and steel. The Inflation Reduction Act's investment will address the climate catastrophe, increase America's industrial capacity to produce goods and materials of the future, and provide American workers with well-paying jobs in local communities around the nation. The Inflation Reduction Act was the largest climate investment in history provided $3.375 billion for GSA to invest in federal buildings to help reduce carbon emissions, primarily by acquiring and installing LEC materials for construction projects.
Browse the full report description of “Construction Adhesives Market Size, Share & Trends Analysis Report by Resin Type (Acrylic, Polyurethanes, Polyvinyl Acetate, Epoxy, and Others), by Technology (Water Based, Solvent Based, and Reactive), and by Application (Residential, Commercial, and Industrial) Forecast Period (2023-2030)” at https://www.omrglobal.com/industry-reports/construction-adhesives-market
Furthermore, in January 2023, President Biden announced a $292 million Mega grant to Amtrak for Hudson Yards Concrete Casing, Section 3, part of a $649 million early phase project that will complete the final section of concrete casing intended to preserve future right-of-way for the new passenger rail tunnel under the Hudson River. The concrete casing protects the path of the new tunnel from Penn Station to the Hudson River’s edge. The funding is made possible from the Bipartisan Infrastructure Law’s new National Infrastructure Project Assistance discretionary grant program (Mega). Increased government incentives for affordable housing to promote building activity, and continuing infrastructure projects have been the main drivers of the construction adhesives market's growth.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Resin Type
o By Technology
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes 3M Co., The Dow Chemical Co., and H.B. Fuller Co., among others.
Key questions addressed by the report
Global Construction Adhesives Market Report Segment
By Resin Type
By Technology
By Application
Global Construction Adhesives Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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