North America Contact Adhesives Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Resin (Neoprene, Styrene Butadiene Copolymer, Acrylic Copolymer, and Other Resins), Technology (Water-borne, Solvent-borne, and Other Technologies), End-user Industry (Automotive and Aerospace, Building and Construction, Consumer Durables, Leather and Footwear, Packaging, Woodworking, and Other End-user Industries), and Geography (United States, Canada, Mexico, and Rest of North America).

  • ABOUT THIS REPORT
    • Market Snapshot
    • Market Overview
    • Scope of the report
    • Key Market Trends
    • Competitive Landscape
    • Major Players
  • TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

3 %

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Market Overview

North America contact adhesives market is expected to grow at a CAGR of more than 3% during the forecast period. The demand for contact adhesives is widely driven by the increased number of construction projects and increased application in automotive and aerospace industry. However, stringent VOC emission regulations may affect the growth of the studied market.

  • The neoprene-based segment dominated the market. It is likely to grow during the forecast period, owing to the rising demand from the footwear and construction industry.
  • The shifting focus toward water-borne adhesives is likely to offer opportunities for the contact adhesives market in the region.
  • United States stands to be the largest market for contact adhesives in the region, with demand being majorly driven by the growing consumption in end-user industries, such as packaging, construction, woodworking and consumer electronics.

Scope of the report

North America contact adhesives market report include:

Resin
Neoprene
Styrene Butadiene Copolymer
Acrylic Copolymer
Other Resins
Technology
Water-borne
Solvent-borne
Other Technologies
End-user Industry
Building and Construction
Automotive and Aerospace
Consumer Durables
Packaging
Woodworking
Leather and Footwear
Other End-user Industries
Geography
United States
Canada
Mexico
Rest of North America

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Key Market Trends

Building and Construction Industry to Drive the Market Demand

  • Contact adhesives’ properties such as good cohesion, adhesion and elasticity, high cohesive strength, flexibility, high elastic modulus of substrate, resistance from thermal expansion, environmental resistance from UV light, corrosion, salt water, rain, and other weathering conditions, makes it extensively useful for application in construction industry.
  • They are mainly used in wooden flooring and artificial turf, owing to their property of strain crystallization.
  • In North America, countries, such as United States, Canada, and Mexico have numerous construction projects in either planning or development phase. For instance, United States have numerous airports, stadiums, and entertainment city projects under planning or construction phases.
  • Similarly in Canada, Quebec government has planned to investment on renovation and refurbishment projects over the next one decade. 
  • Hence, all such trends in construction industry which is likely to propel the consumption of contact adhesives in the region.

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United States to Dominate the Market

  • United States stands to be the largest market for contact adhesives in the region, owing to the presence of largest aerospace, automobile, packaging and footwear market in the country, as compared to other countries in the region.
  • United States has the largest aerospace industry in the world. According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet is expected to reach 8,270 in 2037, owing to the growth in air cargo. Also, the US main-liner carrier fleet is expected to grow at a rate of 54 aircraft per year due to the existing fleet getting older.
  • Residential construction in the country is further projected to have a growth of almost 6% during the forecast period, due to an increase in the construction of single and multiple family housing in the country. Hence, with such robust trend in residential construction segment in the country, the demand for contact adhesives is also expected to increase, rapidly.
  • Hence, the presence of strong production base and such growth prospects in the end-user industries are expected to drive the consumption of contact adhesives in the country over the forecast period.

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Competitive Landscape

North America contact adhesives market is fragmented in nature. Some of the key players in the market includes 3M, Arkema Group, H.B. Fuller, Sika AG, and Henkel AG & Co. KGaA, amongst others. 

Major Players

  1. 3M
  2. Henkel AG & Co. KGaA
  3. Arkema Group
  4. H.B. Fuller
  5. Sika AG

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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 Increased Number of Construction Projects

      2. 4.1.2 Increased Application in Automotive and Aerospace Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      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 Resin

      1. 5.1.1 Neoprene

      2. 5.1.2 Styrene Butadiene Copolymer

      3. 5.1.3 Acrylic Copolymer

      4. 5.1.4 Other Resins

    2. 5.2 Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Other Technologies

    3. 5.3 End-user Industry

      1. 5.3.1 Building and Construction

      2. 5.3.2 Automotive and Aerospace

      3. 5.3.3 Consumer Durables

      4. 5.3.4 Packaging

      5. 5.3.5 Woodworking

      6. 5.3.6 Leather and Footwear

      7. 5.3.7 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 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 Dymax Corporation

      8. 6.4.8 Franklin International

      9. 6.4.9 H.B. Fuller

      10. 6.4.10 Henkel AG & Co. KGaA

      11. 6.4.11 Huntsman International LLC

      12. 6.4.12 Intact Adhesives (KMS Adhesives Ltd)

      13. 6.4.13 ITW Performance Polymers (Illinois Tool Works Inc.)

      14. 6.4.14 Jowat AG

      15. 6.4.15 Mapei Inc.

      16. 6.4.16 Sika AG

    7. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Shifting Focus Toward Water-borne Adhesives

** Subject to Availability

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