North America Adhesives and Sealants Market Size (2024 - 2029)

The North America Adhesives and Sealants market is anticipated to experience steady growth, driven by the expanding packaging industry in the region. Despite challenges posed by strict regulations on VOC-free content, the market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The development of bio-based and hybrid adhesives presents future opportunities, while the United States is projected to lead in market demand.

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Market Size of North America Adhesives and Sealants Industry

North America Adhesives and Sealants Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration High

Major Players

North America Adhesives and Sealants Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Adhesives and Sealants Market Analysis

North America Adhesives and Sealants market is expected to reach a value of around USD 13.5 billion by the end of this year and is projected to register a CAGR of 5.8% during the forecast period. The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily in the future.

  • The expanding packaging industry in the region is likely to drive the market significantly in the coming years.
  • However, the strict regulations on the usage of VOC-free content are expected to hinder the market's growth.
  • The development of bio-based and hybrid Adhesives is expected to act as an opportunity in the future.
  • The United States is expected to dominate the demand for the adhesives and sealants market during the forecast period.

North America Adhesives and Sealants Industry Segmentation

Adhesives are made from a combination of resins, additives, and solvents. The North American adhesives and sealants market is segmented by adhesive technology, sealant product type, end-user industry, and geography. By adhesives resin type, the market is segmented into silicone, polyurethane, acrylic, epoxy, cyanoacrylate, VAE/EVA, and other resin types. By adhesive technology, the market is segmented into water-borne, solvent-borne, reactive, hot melt, and other adhesive technologies. By sealant resin type, the market is segmented into silicone, polyurethane, acrylic, polyvinyl acetate, and other sealant resin types. By end-user industry, the market is segmented into building and construction, paper, board, and packaging, transportation, woodworking and joinery, footwear and leather, healthcare, electrical and electronics, and other end-user industries. The report also covers the market size and forecasts for the market in 3 countries across the region. For each segment, the market sizing and forecasts have been done on the basis of volume (kiloton) and revenue (USD million).

Adhesives by Resin
Polyurethane
Epoxy
Acrylic
Silicone
Cyanoacrylate
VAE/EVA
Other Resins
Adhesives by Technology
Solvent-Borne Coatings
Reactive
Hot Melt
UV-Cured Adhesives
Sealants by Resin
Polyurethane
Epoxy
Acrylic
Silicone
Other Resins
End-user Industry
Building and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
Geography
United States
Canada
Mexico
Rest of North America
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North America Adhesives and Sealants Market Size Summary

The North American adhesives and sealants market is poised for steady growth, driven by the expanding packaging industry and the increasing demand for quick and convenient packaged products. The market has rebounded to pre-pandemic levels after the disruptions caused by COVID-19, including supply chain issues and temporary manufacturing shutdowns. The United States, as the largest market in the region, is expected to lead this growth, supported by its robust packaging and construction industries. The packaging sector, particularly in food and beverages, is experiencing significant expansion, which in turn fuels the demand for adhesives and sealants. However, the market faces challenges due to stringent regulations on VOC content, although the development of bio-based and hybrid adhesives presents new opportunities.

The construction, electronics, automotive, and packaging sectors are key end-users driving the demand for adhesives and sealants in North America. The United States' construction industry, a major contributor to the country's GDP, relies heavily on adhesives for various applications, which is expected to boost market demand further. The market is characterized by consolidation, with major players like 3M, Arkema Group, Sika AG, HB Fuller Company, and Henkel AG & Co. KGaA leading the industry. Strategic acquisitions and partnerships, such as Huntsman Corporation's acquisition of Gabriel Performance Products and H.B. Fuller's agreement with Covestro, highlight the ongoing efforts to enhance product offerings and sustainability. These developments underscore the dynamic nature of the market and its potential for continued growth in the coming years.

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North America Adhesives and Sealants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand from Packaging Industry

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Strict Regulations on the Usage of VOC-free Contents

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value and Revenue)

    1. 2.1 Adhesives by Resin

      1. 2.1.1 Polyurethane

      2. 2.1.2 Epoxy

      3. 2.1.3 Acrylic

      4. 2.1.4 Silicone

      5. 2.1.5 Cyanoacrylate

      6. 2.1.6 VAE/EVA

      7. 2.1.7 Other Resins

    2. 2.2 Adhesives by Technology

      1. 2.2.1 Solvent-Borne Coatings

      2. 2.2.2 Reactive

      3. 2.2.3 Hot Melt

      4. 2.2.4 UV-Cured Adhesives

    3. 2.3 Sealants by Resin

      1. 2.3.1 Polyurethane

      2. 2.3.2 Epoxy

      3. 2.3.3 Acrylic

      4. 2.3.4 Silicone

      5. 2.3.5 Other Resins

    4. 2.4 End-user Industry

      1. 2.4.1 Building and Construction

      2. 2.4.2 Paper, Board, and Packaging

      3. 2.4.3 Transportation

      4. 2.4.4 Woodworking and Joinery

      5. 2.4.5 Footwear and Leather

      6. 2.4.6 Healthcare

      7. 2.4.7 Electrical and Electronics

      8. 2.4.8 Other End-user Industries

    5. 2.5 Geography

      1. 2.5.1 United States

      2. 2.5.2 Canada

      3. 2.5.3 Mexico

      4. 2.5.4 Rest of North America

North America Adhesives and Sealants Market Size FAQs

The North America Adhesives and Sealants Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

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

North America Adhesives and Sealants Market Report Snapshots

North America Adhesives and Sealants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)