North America Epoxy Adhesives Market Size (2024 - 2029)

The North America epoxy adhesives market is anticipated to experience significant growth, driven by the increasing demand for miniaturized and lightweight electronics. Despite challenges posed by fluctuating raw material prices, the market is poised for expansion, particularly due to the rising applications and awareness of structural adhesives. The United States holds the largest market share and is expected to maintain its leading position. The construction industry is projected to remain the dominant end-user sector throughout the forecast period.

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Market Size of North America Epoxy Adhesives Industry

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North America Epoxy Adhesives Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %

Major Players

North America Epoxy Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

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North America Epoxy Adhesives Market Analysis

The North America epoxy adhesives market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the growing demand for miniaturized and lightweight electronics. However, volatility in the raw material prices is hindering the growth of the market studied.

  • Increasing applications and rising awareness for structural adhesives 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, construction industry is likely to continue dominating the market during the forecast period.

North America Epoxy Adhesives Industry Segmentation

The North America Epoxy Adhesives Market Includes:

Product Type
One-component
Two-component
End-user Industry
Aerospace & Defense
Automotive
Marine
Electrical & Electronics
Construction
Energy & Power
Other End-user Industries
Geography
United States
Canada
Mexico
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North America Epoxy Adhesives Market Size Summary

The North America epoxy adhesives market is poised for significant growth, driven by the increasing demand for miniaturized and lightweight electronics. This growth is further supported by the rising applications and awareness of structural adhesives, which present substantial opportunities for market expansion. The construction industry is expected to maintain its dominance in the market, utilizing epoxy adhesives for various applications such as concrete repair, anchoring, and enhancing the strength of wooden surfaces. These adhesives are also crucial in bonding steel and reinforcing structures like beams and columns, as well as in public infrastructure projects like bridges. Despite the promising growth prospects, the market faces challenges due to the volatility in raw material prices.

The United States holds the largest share of the North America epoxy adhesives market, driven by robust demand from the construction and electrical and electronics sectors. The country's electrical and electronics industry is experiencing growth, fueled by increased foreign direct investment and rising demand for electric vehicles. Additionally, both residential and non-residential construction sectors are witnessing growth due to private investments, further propelling the market. The market is moderately fragmented, with key players such as 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG contributing to the competitive landscape.

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North America Epoxy Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand for Miniaturized and Lightweight electronics

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Volatility in Raw Material Prices

      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

    1. 2.1 Product Type

      1. 2.1.1 One-component

      2. 2.1.2 Two-component

    2. 2.2 End-user Industry

      1. 2.2.1 Aerospace & Defense

      2. 2.2.2 Automotive

      3. 2.2.3 Marine

      4. 2.2.4 Electrical & Electronics

      5. 2.2.5 Construction

      6. 2.2.6 Energy & Power

      7. 2.2.7 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 United States

      2. 2.3.2 Canada

      3. 2.3.3 Mexico

North America Epoxy Adhesives Market Size FAQs

The North America Epoxy Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

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

North America Epoxy Adhesives Report Snapshots

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