North America Adhesives and Sealants Market Growth | 2031
North America Adhesives and Sealants Market Growth | 2031
Segments - North America Adhesives and Sealants Market by Adhesive Technology (Solvent-borne [Poly Acrylate, Chloroprene Rubber, Styrenic Block Copolymers, and Others], Hot Melt [Styrenic Block Copolymers, Ethylene Vinyl Acetate, Thermoplastic Polyurethane, and Others], Water-borne [Polyvinyl Acetate Emulsion, Polyurethane Dispersion and Chloroprene Rubber Latex, Acrylic, Ethylene Vinyl Acetate Emulsion, and Others], Reactive [Epoxy, Modified Acrylic, Silicone, Polyurethane, Cyanoaccrylate, Anaerobic, and Others], and Others), Sealant Product Types (Polyurethane, Polyvinyl Acetate, Silicone, Acrylic, and Others), End-user Industries (Building and Construction, Footwear and Leather, Electrical and Electronics, Healthcare, Woodworking and Joinery, Transportation, and Others), and Geography (United States, Mexico, Canada, and Rest of North America) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031
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| Report ID :MC-1764
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Report Description
North America Adhesives and Sealants Market Outlook 2031:
The North America adhesives and sealants market size was valued at USD 13.50 Billion in 2022 and is projected to reach USD 22.42 Billion by 2031, expanding at a CAGR of 5.8% during the forecast period 2023 - 2031. The growth of the market is attributed to the wide usage due to high performance polymers and formulations along with rising demand for adhesives in the medical industry.
Adhesives are the composite structure designed to clutch and bind at a cellular level. It is majorly made of two substances that stick together so that the surfaces cannot be divided. Adhesives are in liquid form, which become solid after application and it don’t dry when used on an exterior surface. It has powerful shear and ductile power, making them viable bonding materials for high pressure situations.
A sealant is lower in strength in comparison to an adhesive and it is also used for various purposes. Sealants are used to fill the gaps and resist relative motion of the surfaces to which they are applied. Sealants provide the gathered with high flexibility. Covid-19 has impacted the adhesives and sealants market.
Adhesives and Sealants Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for green, non-hazardous, and sustainable adhesives is expected to spur the market expansion in the coming years.
- Rapid growth of the building and construction industry is major factor propelling the market growth.
- Environmental regulations in North America are estimated to restrict the market expansion during the forecast period.
- Changing standards and rules regarding adhesive and sealants market acts as key challenge that can hinder the market growth.
- R&D investment and technological advancement in the adhesives and sealants market is anticipated to offer lucrative opportunities for the market players.
Scope of the Adhesives and Sealants Market Report
The report on the North America adhesives and sealants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
North America Adhesives and Sealants Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023-2031 |
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Segmentation |
Adhesive Technology (Solvent-borne [Poly Acrylate, Chloroprene Rubber, Styrenic Block Copolymers, and Others], Hot Melt [Styrenic Block Copolymers, Ethylene Vinyl Acetate, Thermoplastic Polyurethane, and Others], Water-borne [Polyvinyl Acetate Emulsion, Polyurethane Dispersion and Chloroprene Rubber Latex, Acrylic, Ethylene Vinyl Acetate Emulsion, and Others], Reactive [Epoxy, Modified Acrylic, Silicone, Polyurethane, Cyanoaccrylate, Anaerobic, and Others], and Others), Sealant Product Types (Polyurethane, Polyvinyl Acetate, Silicone, Acrylic, and Others), End-user Industries (Building and Construction, Footwear and Leather, Electrical and Electronics, Healthcare, Woodworking and Joinery, Transportation, and Others) |
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Geography |
United States, Mexico, Canada, and Rest of North America |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Arkema Group; HB Fuller Company; 3M; Sika AG; Henkel AG & CO. KGaA; The Dow Chemical CO.; RPM International Inc.; and Evonik Chemicals Ltd. |
Adhesives and Sealants Market Segment Insights:
Water-borne segment is projected to account for a large market share
Based on adhesive technology, the North America adhesives and sealants market is divided into solvent-borne, hot melt, water-borne, and reactive. The solvent-borne segment is further classified into poly acrylate, chloroprene rubber, styrenic block copolymers, and others. The hot melt segment is further segregated into styrenic block copolymers, ethylene vinyl acetate, thermoplastic polyurethane, and others.
The water-borne segment is further categorized as polyvinyl acetate emulsion, polyurethane dispersion and chloroprene rubber latex, acrylic, ethylene vinyl acetate emulsion, and others. The reactive segment is further segregated into epoxy, modified acrylic, silicone, polyurethane, cyanoaccrylate, anaerobic, and others.
The water-borne segment is expected to constitute a key share of the market during the forecast period owing to economical, flexibility, and availability of adhesive technology in various varieties. However, the reactive segment is anticipated to expand at a rapid pace during the forecast period due to the long-lasting bond provided in case of intense moisture and temperature change.
Polyurethane segment is projected to hold a key market share
On the basis of sealant product types, the market is segmented into polyurethane, polyvinyl acetate, silicone, acrylic, and others. The polyurethane segment is expected to constitute a key share of the market during the forecast period owing to high usage in technologies in new construction and renovation projects.
These sealants provide better adhesion, tint ability, and abrasion. On the other hand, the silicone segment is anticipated to expand at a rapid pace during the forecast period owing to widely used due to its excellent properties in various end-users industries.
Electrical and electronics segment is projected to constitute a major market share
In terms of end-user industries, the North America adhesives and sealants market is segregated into building and construction, footwear and leather, electrical and electronics, healthcare, woodworking and joinery, transportation, and others.
The electrical and electronics segment is expected to account for a key share of the market during the forecast period owing to increasing demand for various products such as electronic components, Smartphone, and electronic devices. However, the building and construction segment is anticipated to expand at a rapid pace during the forecast period due to its dependability and durability.
United States is anticipated to dominate the market
On the basis of geography, the North America adhesives and sealants market is categorized as United States, Mexico, Canada, and Rest of North America. The market of United States is anticipated to expand at an impressive CAGR during the forecast period.
The regional market growth can be attributed to the construction sector in the country is recovering from the recession and is witnessing renewed investments. The increasing consumption of adhesive and sealants in footwear and textile market is expected to drive the market in the United States.
Segments
The North America adhesives and sealants market has been segmented on the basis of
Adhesive Technology
- Solvent-borne
- Poly Acrylate
- Chloroprene Rubber
- Styrenic Block Copolymers
- Others
- Hot Melt
- Styrenic Block Copolymers
- Ethylene Vinyl Acetate
- Thermoplastic Polyurethane
- Others
- Water-borne
- Polyvinyl Acetate Emulsion
- Polyurethane Dispersion and Chloroprene Rubber Latex
- Acrylic
- Ethylene Vinyl Acetate Emulsion
- Others
- Reactive
- Epoxy
- Modified Acrylic
- Silicone
- Polyurethane
- Cyanoaccrylate
- Anaerobic
- Others
- Others
Sealant Product Types
- Polyurethane
- Polyvinyl Acetate
- Silicone
- Acrylic
- Others
End-user Industries
- Building and Construction
- Footwear and Leather
- Electrical and Electronics
- Healthcare
- Woodworking and Joinery
- Transportation
- Others
Geographies
- United States
- Mexico
- Canada
- Rest of North America
Key Players
- Arkema Group
- HB Fuller Company
- 3M
- Sika AG
- Henkel AG & CO. KGaA
- The Dow Chemical CO.
- RPM International Inc.
- Evonik Chemicals Ltd.
Competitive Landscape
Key players competing in the North America adhesives and sealants market include Arkema Group; HB Fuller Company; 3M; Sika AG; Henkel AG & CO. KGaA; The Dow Chemical CO.; RPM International Inc.; and Evonik Chemicals Ltd.
Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Adhesives and Sealants Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Adhesives and Sealants Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Adhesives and Sealants Market - Supply Chain
4.5. Global Adhesives and Sealants Market Forecast
4.5.1. Adhesives and Sealants Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Adhesives and Sealants Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Adhesives and Sealants Market Absolute $ Opportunity
5. Global Adhesives and Sealants Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Adhesives and Sealants Market Size and Volume Forecast by End Users
5.3.1. Building and Construction
5.3.2. Footwear and Leather
5.3.3. Electrical and Electronics
5.3.4. Healthcare
5.3.5. Woodworking and Joinery
5.3.6. Transportation
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Adhesives and Sealants Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Adhesives and Sealants Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Adhesives and Sealants Demand Share Forecast, 2019-2026
7. North America Adhesives and Sealants Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Adhesives and Sealants Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Adhesives and Sealants Market Size and Volume Forecast by End Users
7.4.1. Building and Construction
7.4.2. Footwear and Leather
7.4.3. Electrical and Electronics
7.4.4. Healthcare
7.4.5. Woodworking and Joinery
7.4.6. Transportation
7.4.7. Others
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Adhesives and Sealants Demand Share Forecast, 2019-2026
8. Latin America Adhesives and Sealants Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Adhesives and Sealants Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Adhesives and Sealants Market Size and Volume Forecast by End Users
8.4.1. Building and Construction
8.4.2. Footwear and Leather
8.4.3. Electrical and Electronics
8.4.4. Healthcare
8.4.5. Woodworking and Joinery
8.4.6. Transportation
8.4.7. Others
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Adhesives and Sealants Demand Share Forecast, 2019-2026
9. Europe Adhesives and Sealants Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Adhesives and Sealants Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Adhesives and Sealants Market Size and Volume Forecast by End Users
9.4.1. Building and Construction
9.4.2. Footwear and Leather
9.4.3. Electrical and Electronics
9.4.4. Healthcare
9.4.5. Woodworking and Joinery
9.4.6. Transportation
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Adhesives and Sealants Demand Share Forecast, 2019-2026
10. Asia Pacific Adhesives and Sealants Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Adhesives and Sealants Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Adhesives and Sealants Market Size and Volume Forecast by End Users
10.4.1. Building and Construction
10.4.2. Footwear and Leather
10.4.3. Electrical and Electronics
10.4.4. Healthcare
10.4.5. Woodworking and Joinery
10.4.6. Transportation
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Adhesives and Sealants Demand Share Forecast, 2019-2026
11. Middle East & Africa Adhesives and Sealants Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Adhesives and Sealants Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Adhesives and Sealants Market Size and Volume Forecast by End Users
11.4.1. Building and Construction
11.4.2. Footwear and Leather
11.4.3. Electrical and Electronics
11.4.4. Healthcare
11.4.5. Woodworking and Joinery
11.4.6. Transportation
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Adhesives and Sealants Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Adhesives and Sealants Market: Market Share Analysis
12.2. Adhesives and Sealants Distributors and Customers
12.3. Adhesives and Sealants Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Arkema Group
12.4.2. HB Fuller Company
12.4.3. 3M
12.4.4. Sika AG
12.4.5. Henkel AG & CO. KGaA
12.4.6. The Dow Chemical CO.
12.4.7. RPM International Inc.
12.4.8. Evonik Chemicals Ltd.&a
Methodology
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