North America Adhesives and Sealants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The North America Adhesives and Sealants Market is segmented by Adhesive Technology (Water-borne, Solvent-borne, Reactive, Hot Melt, and Other Technologies), Sealant Product Type (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Other Product Types), End-user Industry (Building and Construction, Paper, Board, and Packaging, Woodworking and Joinery, Transportation, Footwear and Leather, Healthcare, Electronics, and Other End-user Industries), and Geography (United States, Canada, Mexico, and Rest of North America). For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton) and revenue (USD million).

Market Snapshot

North America Adhesives and Sealants Market - Market Summary
Study Period: 2017-2027
Base Year: 2021
CAGR: >5.25 %

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Market Overview

The North American adhesives and sealants market is expected to register a CAGR of more than 5.25% during the forecast period (2022-2027).

The COVID-19 pandemic had a negative impact on the market, but it is projected to grow steadily in the forecast period owing to growth in automotive and construction activities across the region.

  • The major factors driving the market studied are the growing demand for composites joints and construction projects under development in the region.
  • However, the strict regulations on the usage of VOC-free contents are expected to hinder the growth of the market studied.
  • The development of renewable resources as an alternative to petroleum-derived chemicals is expected to act as an opportunity in the future.
  • The United States is expected to dominate the demand for adhesives and sealants market, where the consumption is likely to be majorly driven by sectors such as construction, automotive, and electronics segments.

Scope of the Report

Adhesives are made from a combination of resins, additives, and solvents. The composition of the resins and additives entirely depends on the end use to which they are put to. The North American adhesives and sealants market is segmented by adhesive technology, sealant product type, end-user industry, and geography. By adhesive technology, the market is segmented into water-borne, solvent-borne, reactive, hot melt, and other adhesive technologies. By sealant product type, the market is segmented into silicone, polyurethane, acrylic, polyvinyl acetate, and other sealant product types. By end-user industry, the market is segmented into building and construction, paper, board, and packaging, transportation, woodworking and joinery, footwear and leather, healthcare, electrical and electronics, and other end-user industries. The report also covers the market size and forecasts for the market in the United States, Canada, Mexico, and Rest of North America. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton) and revenue (USD million).

Adhesive Technology
Water-borne
Acrylic
Polyvinyl Acetate (PVA) Emulsion
Ethylene Vinyl Acetate (EVA) Emulsion
Polyurethane Dispersion and CR (Chloroprene Rubber) Latex
Other Water-borne Adhesives
Solvent-borne
Chloroprene Rubber
Poly Acrylate (PA)
Styrenic Block Copolymers
Other Solvent-borne Adhesives
Reactive
Polyurethane
Epoxy
Cyanoacrylate
Modified Acrylic
Anaerobic
Silicone
Other Reactive Adhesives
Hot Melt
Ethylene Vinyl Acetate
Styrenic Block Copolymers
Thermoplastic Polyurethane
Other Hot Melt Adhesives
Other Technologies
Sealant Product Type
Silicone
Polyurethane
Acrylic
Polyvinyl Acetate
Other Sealant Product Types
End-user Industry
Building and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
Geography
United States
Canada
Mexico
Rest of North America

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Key Market Trends

The Electronics Industry to Observe the Highest Growth

  • The electronics industry stands to be one of the fastest-growing segments among all the end-user industries of adhesives and sealants.
  • The booming demand for personal electronic devices, such as smartphones, household, audio, video, and electronic components, among others, has been driving the growth of the electronics industry in the region.
  • The ability of adhesives and sealants to cure at room temperature and their compatibility with electronic devices are some of the requirements of the electronics industry.
  • High-performance adhesives and sealants with temperature and oxidation resistance are highly preferred for this purpose.
  • The demand for newer and faster electronic products stands to be high in the region owing to the rapid pace of innovation and advancement of technology in countries like the United States and Canada.
  • Hence, with continuous innovation and development of new electronic products in the region, the electronics segment's demand for adhesives and sealants is expected to increase over the forecast period.
North America Adhesives and Sealants Market Revenue Share

The United States to Dominate the Market

  • The United States is the largest market for adhesive and sealants market in North America. The end-user industries, such as construction, electronics, automotive, and packaging, are expected to drive growth in the market over the forecast period.
  • The country holds the largest packaging market in the region and is expected to reach a market value of USD 315.3 billion by 2025.
  • Among the different types of packaging, the flexible packaging market is growing at a faster pace as it makes products more convenient and safer for consumers.
  • Moreover, the continuous R&D activities and rapid pace of innovation leading to the advancement of technology in the electronics industry drive the demand for advanced and faster electronic products in the country.
  • There has been a spur in the number of manufacturing plants and development centers in the United States, focusing on high-end products, which, in turn, is expected to boost the consumption of adhesives and sealants over the forecast period.
  • Hence, the United States is expected to dominate the market.
North America Adhesives and Sealants Market Regional Trends

Competitive Landscape

The North American adhesives and sealants market is consolidated. The major companies (in no particular order) include 3M, Arkema Group, Sika AG, HB Fuller Company, and Henkel AG & Co. KGaA, amongst others.

Recent Developments

  • In January 2021, Huntsman Corporation completed the acquisition of Gabriel Performance Products (Gabriel), a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants, and composite end-markets, from Audax Private Equity.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Report

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growth in the Number of Construction Projects

      2. 4.1.2 Rising Demand in Composites Joints

      3. 4.1.3 Increased Design Flexibility

    2. 4.2 Restraints

      1. 4.2.1 Strict Regulations on the Usage of VOC-free Contents

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Adhesive Technology

      1. 5.1.1 Water-borne

        1. 5.1.1.1 Acrylic

        2. 5.1.1.2 Polyvinyl Acetate (PVA) Emulsion

        3. 5.1.1.3 Ethylene Vinyl Acetate (EVA) Emulsion

        4. 5.1.1.4 Polyurethane Dispersion and CR (Chloroprene Rubber) Latex

        5. 5.1.1.5 Other Water-borne Adhesives

      2. 5.1.2 Solvent-borne

        1. 5.1.2.1 Chloroprene Rubber

        2. 5.1.2.2 Poly Acrylate (PA)

        3. 5.1.2.3 Styrenic Block Copolymers

        4. 5.1.2.4 Other Solvent-borne Adhesives

      3. 5.1.3 Reactive

        1. 5.1.3.1 Polyurethane

        2. 5.1.3.2 Epoxy

        3. 5.1.3.3 Cyanoacrylate

        4. 5.1.3.4 Modified Acrylic

        5. 5.1.3.5 Anaerobic

        6. 5.1.3.6 Silicone

        7. 5.1.3.7 Other Reactive Adhesives

      4. 5.1.4 Hot Melt

        1. 5.1.4.1 Ethylene Vinyl Acetate

        2. 5.1.4.2 Styrenic Block Copolymers

        3. 5.1.4.3 Thermoplastic Polyurethane

        4. 5.1.4.4 Other Hot Melt Adhesives

      5. 5.1.5 Other Technologies

    2. 5.2 Sealant Product Type

      1. 5.2.1 Silicone

      2. 5.2.2 Polyurethane

      3. 5.2.3 Acrylic

      4. 5.2.4 Polyvinyl Acetate

      5. 5.2.5 Other Sealant Product Types

    3. 5.3 End-user Industry

      1. 5.3.1 Building and Construction

      2. 5.3.2 Paper, Board, and Packaging

      3. 5.3.3 Transportation

      4. 5.3.4 Woodworking and Joinery

      5. 5.3.5 Footwear and Leather

      6. 5.3.6 Healthcare

      7. 5.3.7 Electrical and Electronics

      8. 5.3.8 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 United States

      2. 5.4.2 Canada

      3. 5.4.3 Mexico

      4. 5.4.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Arkema Group

      3. 6.4.3 Ashland

      4. 6.4.4 Avery Dennison Corporation

      5. 6.4.5 Beardow Adams

      6. 6.4.6 Dow

      7. 6.4.7 Drytac

      8. 6.4.8 DuPont

      9. 6.4.9 Dymax Corporation

      10. 6.4.10 Franklin International

      11. 6.4.11 H.B. Fuller Company

      12. 6.4.12 Henkel AG & Co. KGaA

      13. 6.4.13 Huntsman International LLC

      14. 6.4.14 ITW Performance Polymers (Illinois Tool Works Inc.)

      15. 6.4.15 Mapei Inc.

      16. 6.4.16 Master Bond Inc.

      17. 6.4.17 MUNZING Corporation

      18. 6.4.18 Pidilite Industries Ltd

      19. 6.4.19 Sika AG

      20. 6.4.20 Wacker Chemie AG

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Innovation and Development of Bio-based Adhesives

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The North America Adhesives and Sealants Market market is studied from 2017 - 2027.

The North America Adhesives and Sealants Market is growing at a CAGR of >5.25% over the next 5 years.

3M, Arkema Group, Sika AG, HB Fuller Company, Henkel AG & Co. KGaA are the major companies operating in North America Adhesives and Sealants Market.

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