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

The report covers North America Adhesives and Sealants Manufacturers and the market is segmented by Adhesives Resin Type (Silicone, Polyurethane, Acrylic, Epoxy, Cyanoacrylate, VAE/EVA, and Other Resin Types), Adhesive Technology (Water-borne, Solvent-borne, Reactive, Hot Melt, and Other Technologies), Sealant Resin Type (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Other Resin Types), End-user Industry (Building and Construction, Paper, Board, and Packaging, Woodworking and Joinery, Transportation, Footwear and Leather, Healthcare, Electronics, and Other End-user Industries), and Geography (United States, Canada, Mexico, and Rest of North America). The report offers market size and forecasts in terms of revenue (USD million) and volume (kilotons) for all the above segments.

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North America Adhesives and Sealants Market Size

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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

Compare market size and growth of North America Adhesives and Sealants Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

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 Market Trends

This section covers the major market trends shaping the North America Adhesives & Sealants Market according to our research experts:

Increasing Demand from Packaging Industry

  • Packaging is a fast-growing industry in terms of design and technology for protecting and enhancing products' safety and longevity.
  • The demand for quick and on-the-go packaged items is increasing due to consumers' busier lifestyles, greater spending power, and related factors. Due to the COVID-19 pandemic, the country-wide lockdowns and temporary shutdown of manufacturing facilities caused several issues, including disruptions in supply chains, imports, and exports.
  • The growing interest in public health, along with the emerging e-commerce activities across the nation, is likely to continue boosting the growth of the food processing industry, which will further drive the packaging demand over the coming years.
  • The United States packaging industry has been driven by the rapid growth of the food and beverage industry in recent years. The sales of packaging products to retail food and beverage stores amounted to around USD 880 billion in 2021, representing a growth of nearly 3.5% compared to 2020.
  • Also, corrugated packaging in the United States is growing significantly. For example, the country shipped 416 billion square feet of corrugated packaging in 2021, representing a growth of nearly 8% compared to 2017.
  • Moreover, the Canadian packaging industry has majorly been driven by the rapid growth of the food and beverages industry in recent years. Sales through retail food and beverage stores increased in 2021 and amounted to around USD 143 billion in 2021 compared to USD 142 billion in 2020.
  • Thus, owing to above mentioned factors, expanding packaging industry is likely to drive the market during the forecast period.
North America Adhesives and Sealants Market : Shipments of Corrugated Packaging, United States, (in billion square feet),2017-2021

The United States to Dominate the Market

  • The United States is the largest market for adhesives and sealants market in North America. The end-user industries, such as construction, electronics, automotive, and packaging, are expected to drive growth in the market over the forecast period.
  • The country holds the largest packaging market in the region and is expected to grow significantly. Packaging production is majorly driven by paper and paperboard in the United States, which accounted for nearly 22% of the packaging produced in 2021.
  • Among the different types of packaging, the flexible packaging market is growing faster as it makes products more convenient and safer for consumers.
  • Also, The United States is the largest country for construction activities in the North American region. The country had a GDP of USD 25,350 per capita, with an expected growth rate of 3.7% Y-o-Y in 2022. The construction industry contributes nearly 4.2% of the US GDP. The factors affecting the US construction industry are new investments, residential & non-residential constructions, government policies, and others.
  • Furthermore, adhesives are widely used in the construction industry in the country because of their diverse applications, such as roofing, flooring, prefabricated components joinery, and assembling. The United States construction industry is expected to account for 11.1% of the global growth in construction up to 2030. This is likely to result in an increase in demand for construction adhesives in the forecast period, 2022- 2028.
  • Hence, owing to above factor, United States is likely to dominate the North American region market during the forecast peroid.
North America Adhesives and Sealants Market : Production Capacity, Packaging Paper and Paperboard, United States, (in 1,000 metric tons), 2021-22

North America Adhesives and Sealants Industry Overview

The North American adhesives and sealants market is consolidated in nature. The major companies include 3M, Arkema Group, Sika AG, HB Fuller Company, and Henkel AG & Co. KGaA, among others (in no particular order).

North America Adhesives and Sealants Market Leaders

  1. 3M

  2. Arkema Group

  3. Sika AG

  4. HB Fuller Company

  5. Henkel AG & Co. KGaA

*Disclaimer: Major Players sorted in no particular order

North America Adhesives and Sealants Market-Market Concentration.png
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North America Adhesives and Sealants Market News

  • In January 2021, Huntsman Corporation completed the acquisition of Gabriel Performance Products (Gabriel), a North American specialty chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants, and composite end-markets, from Audax Private Equity.
  • In July 2021, H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives in the market.
  • In October 2021, 3M introduced a new generation of acrylic adhesives, including 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.

North America Adhesives and Sealants Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Report

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand from Packaging Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Strict Regulations on the Usage of VOC-free Contents

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

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

    1. 5.1 Adhesives by Resin

      1. 5.1.1 Polyurethane

      2. 5.1.2 Epoxy

      3. 5.1.3 Acrylic

      4. 5.1.4 Silicone

      5. 5.1.5 Cyanoacrylate

      6. 5.1.6 VAE/EVA

      7. 5.1.7 Other Resins

    2. 5.2 Adhesives by Technology

      1. 5.2.1 Solvent-Borne Coatings

      2. 5.2.2 Reactive

      3. 5.2.3 Hot Melt

      4. 5.2.4 UV-Cured Adhesives

    3. 5.3 Sealants by Resin

      1. 5.3.1 Polyurethane

      2. 5.3.2 Epoxy

      3. 5.3.3 Acrylic

      4. 5.3.4 Silicone

      5. 5.3.5 Other Resins

    4. 5.4 End-user Industry

      1. 5.4.1 Building and Construction

      2. 5.4.2 Paper, Board, and Packaging

      3. 5.4.3 Transportation

      4. 5.4.4 Woodworking and Joinery

      5. 5.4.5 Footwear and Leather

      6. 5.4.6 Healthcare

      7. 5.4.7 Electrical and Electronics

      8. 5.4.8 Other End-user Industries

    5. 5.5 Geography

      1. 5.5.1 United States

      2. 5.5.2 Canada

      3. 5.5.3 Mexico

      4. 5.5.4 Rest of North America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Arkema Group

      3. 6.4.3 Illinois Tool Works Inc.

      4. 6.4.4 Avery Dennison Corporation

      5. 6.4.5 Huntsman International LLC

      6. 6.4.6 Dow

      7. 6.4.7 MAPEI S.p.A.

      8. 6.4.8 Sika AG

      9. 6.4.9 Technical Adhesives

      10. 6.4.10 Jowat SE

      11. 6.4.11 H.B. Fuller Company

      12. 6.4.12 Henkel AG & Co. KGaA

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of Bio-based and Hybrid Adhesives

**Subject to Availability
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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 Research 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.

The report covers the North America Adhesives and Sealants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Adhesives and Sealants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America Adhesives and Sealants Industry Report

Statistics for the 2024 North America Adhesives and Sealants market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. North America Adhesives and Sealants analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

North America Adhesives and Sealants Market Report Snapshots

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