The North America adhesives and sealants market size is projected to expand at a considerable CAGR during the forecast period, 2021–2028. 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.
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 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
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Details
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Report Title
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North America Adhesives and Sealants Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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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
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United States, Mexico, Canada, and Rest of North America
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Report Coverage
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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
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Arkema Group; HB Fuller Company; 3M; Sika AG; Henkel AG & CO. KGaA; The Dow Chemical CO.; RPM International Inc.; and Evonik Chemicals Ltd.
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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
Segments Covered in the Report
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.
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