Adhesives and sealants, owing to their ability to bind the different material together by distributing stress more efficiently across the joint, are becoming an integral part of various commercial and industrial sectors. Adhesives and sealants are often grouped together, as they both are applied to the surfaces of materials to adhere and seal them together. They are available in liquid form, which is viscous in nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding power and have high tensile and shear strength. Adhesives are two varieties - structural adhesives (strength is vital for the success of the assembly) and non-structural adhesives (have low strength and are used to bond weak substrates and for temporary fastening). However, sealants are mostly selected for their ability to resist relative movement of the substrates, fill gaps, and contain or exclude another material. They have less strength compared to adhesives, however, are more flexible in nature.
Many factors, such as the accelerating demand from the automotive industry, increasing demand from the packaging industry, and shifting focus towards composites, drive this market. However, the market faces certain drawbacks, such as high logistical costs and matured market conditions. These factors may act as a roadblock to the growth of the market.
The North America adhesives market, by technology, is segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others. These are further segmented as per the sub-segmentations of the technology. By product type, the market is segmented into silicone sealants, polyurethane sealants, plastisol sealants, emulsion sealants, and others. The market is segmented into the following major end-user sectors - building & construction, paper, board & packaging, transportation, woodworking & joinery, footwear & leather, assembly operations, medical, and others. The paper, board and packaging segment accounted for about XX% share of the North America adhesives and sealants market in 2016, which is shown below:
In addition, the market is geographically segmented by countries into the United States, Canada, Mexico, and Rest of North America.
Opportunities and Major Players
The recovering repair construction industry in countries such as the United States and accelerating demand for fuel-efficient and lightweight vehicles (owing to growing environmental concerns and CAFÉ norms) will offer numerous opportunities for the growth of the North America adhesives and sealants market.
Some of the major companies dominating this market for its products, services, and continuous product developments are:
Key Deliverables in the Study