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North America Reactive Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Resin Type (Polyurethane, Epoxy, Cyanoacrylate, Modified Acrylic, Anaerobic, Silicone, and Other Resin Types), End-user Industry (Building & Construction, Renewable Energy, Transportation, Healthcare, Electronics, Aerospace, Sports & Leisure, and Other End-user Industries), and Geography (United States, Canada, and Mexico)

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Market Snapshot

North America Reactive Adhesives Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >5 %

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Market Overview

The North America reactive adhesives market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing application in the construction of wind turbines. However, negative effects of epoxy and acrylic reactive adhesives on skin is hindering the growth of the market studied. 

  • Increasing popularity of heat-resistant products is expected to provide a major growth opportunity for the market studied.
  • United States accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
  • Among the end-user industries, renewable energy  industry is expected to witness the highest growth rate during the forecast period.

Scope of the report

The North America Reactive Adhesives market report includes:

Resin Type
Polyurethane
Epoxy
Cyanoacrylate
Modified Acrylic
Anaerobic
Silicone
Other Resin Types
End-user Industry
Building & Construction
Renewable Energy
Transportation
Healthcare
Electronics
Aerospace
Sports & Leisure
Other End-user Industries
Geography
United States
Canada
Mexico

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Key Market Trends

Renewable Energy Industry to Witness the Highest Growth Rate

  • The consumption of renewable energy, especially wind energy has been significantly increasing across the North American region in the past few years.
  • Wind energy offers many advantages over traditional energy sources which include unlimited & free energy, clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases.
  • Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
  • The installed wind power capacity in the North American region has witnessed a significant growth in the recent years owing to the growing environmental consciousness.
  • Hence, owing to the above-mentioned factors, wind turbines industry is likely to witness the highest growth rate during the forecast period.
North America Reactive Adhesives Market - Revenue Share

United States to Dominate the Market

  • United States accounts for the highest share of the North America reactive adhesives market owing to the high demand from transportation, construction, and aerospace industries.
  • United States is the second highest automotive manufacturer in the world. The high automotive manufacturing is resulting in high demand for reactive adhesives. However, in the recent past the declination of automotive production is negatively effecting the market studied.
  • The construction industry has witnessed significant growth which is boosting demand for reactive adhesives in the country.
  • According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet of the country is expected to reach 8,270 in 2037. This growth is likely to boost the market studied in the coming years.
  • Hence, United States is expected to dominate the market studied during the forecast period.

 

North America Reactive Adhesive Market - Revenue Share

Competitive Landscape

The North America reactive adhesives market is moderately fragmented as the market share is divided among a large number of players. Some of the key players in the market include 3M, Sika AG, Arkema Group, H.B.Fuller Company, and Henkel AG & Co. KGaA, among others.

North America Reactive Adhesives Market - Market Concentration.png

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Application in the construction of Wind Turbines

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Negative Effects of Epoxy and Acrylic Reactive Adhesives on Skin

      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 Type

      1. 5.1.1 Polyurethane

      2. 5.1.2 Epoxy

      3. 5.1.3 Cyanoacrylate

      4. 5.1.4 Modified Acrylic

      5. 5.1.5 Anaerobic

      6. 5.1.6 Silicone

      7. 5.1.7 Other Resin Types

    2. 5.2 End-user Industry

      1. 5.2.1 Building & Construction

      2. 5.2.2 Renewable Energy

      3. 5.2.3 Transportation

      4. 5.2.4 Healthcare

      5. 5.2.5 Electronics

      6. 5.2.6 Aerospace

      7. 5.2.7 Sports & Leisure

      8. 5.2.8 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 United States

      2. 5.3.2 Canada

      3. 5.3.3 Mexico

  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 Avery Dennison Corporation

      4. 6.4.4 Collano AG

      5. 6.4.5 Dow

      6. 6.4.6 Dymax Corporation

      7. 6.4.7 Franklin Adhesives & Polymers

      8. 6.4.8 H.B. Fuller Company

      9. 6.4.9 Henkel AG & Co. KGaA

      10. 6.4.10 Hexion

      11. 6.4.11 Huntsman International LLC

      12. 6.4.12 Jowat SE

      13. 6.4.13 Sika AG

      5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Popularity of Heat-resistant Products

**Subject to Availability

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Frequently Asked Questions

The North America Reactive Adhesives Market market is studied from 2016 - 2026.

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

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

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