Market Size of North America Waterborne Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Waterborne Adhesives Market Analysis
The North America waterborne 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 increasing investments in the infrastructure & construction . However, Limited Resistance to Moisture and Water is likely to hinder the growth of the market studied.
- Growing advancements in food packaging and safety industry 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, building & construction is expected to dominate the market during the forecast period.
North America Waterborne Adhesives Industry Segmentation
The North America Waterborne Adhesives market report includes:
Resin Type | |
Acrylics | |
Polyvinyl Acetate (PVA) Emulsion | |
Ethylene Vinyl Acetate (EVA) Emulsion | |
Polyurethane Dispersions and CR (Chloroprene Rubber) Latex | |
Other Resin Types |
End-user Industry | |
Building & Construction | |
Paper, Board, and Packaging | |
Woodworking & Joinery | |
Transportation | |
Healthcare | |
Electrical & Electronics | |
Other End-user Industries |
Geography | |
United States | |
Canada | |
Mexico |
North America Waterborne Adhesives Market Size Summary
The North America waterborne adhesives market is poised for significant growth, driven primarily by increased investments in infrastructure and construction. This sector is expected to dominate the market due to the extensive use of adhesives in various applications such as concrete, ceramic tiles, and flooring. The demand for waterborne adhesives is further bolstered by the rise in green building construction, which emphasizes eco-friendly and low-toxic materials. These adhesives, made from soluble synthetic or natural polymers, are gaining traction for their high solid content and initial adhesion properties, making them integral to construction chemicals. Despite the challenges posed by limited resistance to moisture and water, advancements in the food packaging and safety industry present substantial growth opportunities.
The United States leads the North American market, benefiting from a high adoption rate of waterborne adhesives across multiple industries, including construction, footwear, and transportation. The country's focus on constructing green buildings significantly contributes to the demand for these adhesives. The market is moderately consolidated, with key players like 3M, Arkema Group, Dow, Henkel AG & KGaA, and Sika AG holding significant shares. These companies are instrumental in shaping the market dynamics, ensuring the United States continues to dominate the region's waterborne adhesives market throughout the forecast period.
North America Waterborne 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 Increasing investments in Infrastructure & Construction Industry
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1.1.2 Favourable Govermnent Policies for Adhesives Industry
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Limited Resistance to Moisture and Water
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1.2.2 Other 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 Polyvinyl Acetate (PVA) Emulsion
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2.1.3 Ethylene Vinyl Acetate (EVA) Emulsion
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2.1.4 Polyurethane Dispersions and CR (Chloroprene Rubber) Latex
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2.1.5 Other Resin Types
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2.2 End-user Industry
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2.2.1 Building & Construction
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2.2.2 Paper, Board, and Packaging
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2.2.3 Woodworking & Joinery
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2.2.4 Transportation
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2.2.5 Healthcare
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2.2.6 Electrical & Electronics
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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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North America Waterborne Adhesives Market Size FAQs
What is the current North America Waterborne Adhesives Market size?
The North America Waterborne Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in North America Waterborne Adhesives Market?
3M, Arkema Group , Dow, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the North America Waterborne Adhesives Market.