Market Size of North America Construction Adhesives Industry
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*Disclaimer: Major Players sorted in no particular order |
North America Construction Adhesives Market Analysis
The North America construction adhesives market is expected to grow at a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing demand from building & construction sector in the United States.
- Rising Demand from Panels and Glazing in High-Rise Buildings 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 technology, waterborne adhesives are expected to dominate the market studied during the forecast period.
North America Construction Adhesives Industry Segmentation
The North America construction adhesives market report includes:
Resin Type | |
Acrylics | |
Epoxy | |
Polyurethanes | |
Polyvinyl Acetate (PVA) | |
Silicones | |
Other Resin Types |
Technology | |
Water-borne | |
Reactive | |
Hot-melt | |
Other Technologies |
End-use Sector | |
Residential | |
Commercial | |
Infrastructure | |
Industrial |
Geography | |
United States | |
Canada | |
Mexico |
North America Construction Adhesives Market Size Summary
The North America construction adhesives market is poised for significant growth, driven primarily by the burgeoning demand from the building and construction sector in the United States. This demand is further fueled by the rising need for panels and glazing in high-rise buildings, presenting substantial growth opportunities for the market. The United States holds the largest market share and is expected to maintain its dominance throughout the forecast period. Waterborne adhesives, known for their low-VOC properties and use of water as a carrier, are anticipated to lead the market. These adhesives, derived from both synthetic and natural polymers, are extensively used in various applications within the construction industry, such as tile bonding and laminating, due to their effective performance and environmental benefits.
The construction industry's expansion in the United States has significantly increased the demand for construction adhesives, supported by factors such as growing infrastructure projects, population growth, and changes in household dynamics. The trend of reconstructing and remodeling older homes also contributes to the market's growth. The North American adhesives market is moderately consolidated, with a few key players like 3M, Arkema Group, Dow, Henkel AG & KGaA, and Sika AG holding substantial market shares. These companies are instrumental in shaping the competitive landscape, leveraging their expertise and resources to capitalize on the increasing demand for construction adhesives in the region.
North America Construction 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 for Residential Construction in the United States
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1.2 Restraints
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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 Resin Type
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2.1.1 Acrylics
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2.1.2 Epoxy
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2.1.3 Polyurethanes
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2.1.4 Polyvinyl Acetate (PVA)
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2.1.5 Silicones
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2.1.6 Other Resin Types
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2.2 Technology
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2.2.1 Water-borne
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2.2.2 Reactive
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2.2.3 Hot-melt
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2.2.4 Other Technologies
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2.3 End-use Sector
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2.3.1 Residential
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2.3.2 Commercial
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2.3.3 Infrastructure
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2.3.4 Industrial
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2.4 Geography
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2.4.1 United States
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2.4.2 Canada
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2.4.3 Mexico
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North America Construction Adhesives Market Size FAQs
What is the current North America Construction Adhesives Market size?
The North America Construction Adhesives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in North America Construction Adhesives Market?
3M, H.B. Fuller Company, Dow, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the North America Construction Adhesives Market.