June 2017

North America Adhesives and Sealants Market - Segmented by Product Type, End-User Industry and Geography - Trends and Forecasts (2017 - 2022)

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The North America adhesive market is expected to be valued at USD XX million in 2016 and is likely to reach USD XX million by 2021, growing at an estimated CAGR of XX% during the forecast period, 2016-2021. The North America sealants market is expected to be valued at USD XX million in 2016 and is likely to reach USD XX million by 2021, growing at an estimated CAGR of XX% during the forecast period, 2016-2021.  

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.

Market Dynamics

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.

Market Segmentation

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:

  • 3M
  • Dow Chemicals
  • Henkel AG & Co. KGaA
  • Avery Dennison
  • Ashland Inc.

Key Deliverables in the Study

  • Market analysis for the North America adhesives and sealants market, with region-specific assessments and competition analysis on a regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the North America adhesives and sealants market on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.

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