Allied Market Research released a report that the global specialty adhesives market size was valued at $4.7 billion in 2022, and is anticipated to reach $7.3 billion by 2032, growing at a CAGR of 4.7% from 2023 to 2032. A specialty adhesive refers to a type of adhesive or bonding agent that is specially formulated to meet unique or precise requirements for bonding, joining, or adhering substances across industries. These adhesives are developed to address challenges that general-purpose adhesives may not effectively handle. 

An increase in demand from the building and construction sector is expected to drive the growth of the specialty adhesives market. Growing urbanization worldwide has led to increased government funding in infrastructure projects. Specialty adhesives are also vital for medical applications including wound care, surgical tapes, bandages, catheters, surgical closures, and orthodontic brackets.