Market Size of North America Acrylic Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Acrylic Adhesives Market Analysis
North America acrylic adhesives market is expected to grow at a CAGR of over 4% during the forecast period. The demand for acrylic adhesives is widely driven with growth in the number of construction projects and growth of packaging industry. However, the market growth may be hindered by the stringent VOC emission regulations related to acrylic adhesives disposal and/or substitution from different feedstock.
- The water-based acrylic adhesives segment is expected to be the fastest growing segment, owing to the increasing consumer awareness about the ill-effects of solvent-based adhesives on environment and human health.
- Shifting focus towards the bio-based adhesives and replacement of solvent-borne adhesives in construction industry are likely to offer opportunities for the acrylic adhesives market in North America.
- United States stand to be the largest market for acrylic adhesives in the region, with consumption being majorly driven by the end-user industries, like construction, electronics and packaging.
North America Acrylic Adhesives Industry Segmentation
North America acrylic adhesives market report include:
| Technology | |
| Water-based | |
| Solvent-based | |
| Reactive | |
| Other Technologies |
| End-user Industry | |
| Building and Construction | |
| Electrical and Electronics | |
| Packaging | |
| Sporting Goods | |
| Transportation | |
| Woodworking | |
| Other End-user Industries |
| Geography | |
| United States | |
| Canada | |
| Mexico | |
| Rest of North America |
North America Acrylic Adhesives Market Size Summary
The North America acrylic adhesives market is poised for significant growth, driven by the burgeoning construction and packaging industries. The demand for these adhesives is primarily fueled by the increasing number of construction projects and the expanding packaging sector. However, the market faces challenges due to stringent VOC emission regulations that impact the disposal and substitution of acrylic adhesives. The water-based acrylic adhesives segment is anticipated to experience the fastest growth, propelled by rising consumer awareness regarding the environmental and health impacts of solvent-based adhesives. The shift towards bio-based adhesives and the replacement of solvent-borne adhesives in the construction industry present promising opportunities for market expansion in the region.
The United States emerges as the largest market for acrylic adhesives in North America, with significant consumption driven by end-user industries such as construction, electronics, and packaging. The packaging industry, in particular, dominates the consumption of acrylic adhesives, as these materials are essential in manufacturing products like tapes, cases, labels, and cartons. The growing e-commerce sector, online food deliveries, and innovations in product packaging further bolster the demand for packaging materials, thereby increasing the consumption of acrylic adhesives. The flexible packaging segment is witnessing robust growth due to its lightweight and easy handling benefits, aligning with changing consumer behaviors and manufacturers' preferences. Additionally, the United States electronics market, being the largest globally, is expected to drive the demand for acrylic adhesives, supported by advancements in technology and increased R&D activities. The market is characterized by fragmentation, with key players including 3M, Arkema Group, Sika AG, H.B. Fuller, and Henkel AG & Co. KGaA.
North America Acrylic Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from Packaging Industry
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1.1.2 Increase in the Number of Construction Projects
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1.2 Restraints
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1.2.1 Availability of Alternative Feedstocks for Adhesives
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1.2.2 Stringent Environmental Regulations Regarding VOC Emissions
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Technology
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2.1.1 Water-based
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2.1.2 Solvent-based
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2.1.3 Reactive
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2.1.4 Other Technologies
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2.2 End-user Industry
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2.2.1 Building and Construction
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2.2.2 Electrical and Electronics
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2.2.3 Packaging
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2.2.4 Sporting Goods
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2.2.5 Transportation
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2.2.6 Woodworking
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2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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2.3.4 Rest of North America
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North America Acrylic Adhesives Market Size FAQs
What is the current North America Acrylic Adhesives Market size?
The North America Acrylic Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in North America Acrylic Adhesives Market?
3M, Arkema Group, H.B. Fuller, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the North America Acrylic Adhesives Market.
