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

The North America Adhesives Market is segmented by Resin Type (Silicone, Polyurethane, Acrylic, Epoxy, Cyanoacrylate, VAE/EVA, and Other Resin Types), Technology (Water-borne, Solvent-borne, Reactive, Hot Melt, and Other Technologies), End-user Industry (Building and Construction, Aerospace, Automotive, Footwear and Leather, Healthcare, Packaging, Woodwork and Joinery, and Other End-user Industries), and Geography (US, 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 Market Size

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North America Adhesives Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.80 %
Market Concentration High

Major Players

North America Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of North America Adhesives 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 Market Analysis

The North America Adhesives market is expected to reach a value of around USD 11,200 million by the end of this year and is projected to register a CAGR of 5.8% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.

  • The expanding packaging industry in the region will likely 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 be an opportunity.
  • The United States is expected to dominate the demand for adhesives during the forecast period.

North America Adhesives Market Trends

This section covers the major market trends shaping the North America Adhesives 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 in the region. During the pandemic, the 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 region, 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.
Shipment 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 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, 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 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 United States GDP. The factors affecting the United States construction industry are new investments, residential and non-residential constructions, government policies, and others.
  • 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.
Production Capacity, Packaging Paper and Paperboard, United States, (in 1,000 metrictons;, 2021.2022

North America Adhesives Industry Overview

The North American adhesives market is fragmented. 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 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 Market-Major Concentration
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North America Adhesives Market News

  • In July 2021, H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives in the market.
  • In January 2021, Huntsman Corporation acquired Gabriel Performance Products (Gabriel), a North American chemical manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants, and composite end-markets, from Audax Private Equity.

North America Adhesives Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Demand from Packaging Industry

      2. 4.2.2 Other Drivers

    3. 4.3 Market Restraints

      1. 4.3.1 Strict Regulations on the Usage of VOC-free Contents

      2. 4.3.2 Other Restraints

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

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

    1. 5.1 Resin Type

      1. 5.1.1 Silicone

      2. 5.1.2 Polyurethane

      3. 5.1.3 Acrylic

      4. 5.1.4 Epoxy

      5. 5.1.5 Cyanoacrylate

      6. 5.1.6 VAE/EVA

      7. 5.1.7 Other Resin Types

    2. 5.2 Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Reactive

      4. 5.2.4 Hot Melt

      5. 5.2.5 Other Technologies

    3. 5.3 Application

      1. 5.3.1 Building and Construction

      2. 5.3.2 Aerospace

      3. 5.3.3 Automotive

      4. 5.3.4 Footwear and Leather

      5. 5.3.5 Healthcare

      6. 5.3.6 Packaging

      7. 5.3.7 Woodwork and Joinery

      8. 5.3.8 Other Applications

    4. 5.4 Geography

      1. 5.4.1 United States

      2. 5.4.2 Canada

      3. 5.4.3 Mexico

      4. 5.4.4 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 H.B. Fuller Company

      4. 6.4.4 AVERY DENNISON CORPORATION

      5. 6.4.5 Dow

      6. 6.4.6 Sika AG

      7. 6.4.7 RPM International

      8. 6.4.8 MAPEI S.p.A.

      9. 6.4.9 Illinois Tool Works Inc.

      10. 6.4.10 Pecora Corporation

      11. 6.4.11 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 Industry Segmentation

Adhesives are made from a combination of resins, additives, and solvents. The North American adhesives market is segmented by resin type, technology, end-user industry, and geography. By resin type, the market is segmented into silicone, polyurethane, acrylic, epoxy, cyanoacrylate, VAE/EVA, and other resin types. By technology, the market is segmented into the water-borne, solvent-borne, reactive, hot melt, UV-cured adhesives, and other technologies. By end-user industry, the market is segmented into building and construction, aerospace, automotive, footwear and leather, healthcare, packaging, woodwork and joinery, and other end-user industries. The report also covers the market size and forecasts for the market in three 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).

Resin Type
Silicone
Polyurethane
Acrylic
Epoxy
Cyanoacrylate
VAE/EVA
Other Resin Types
Technology
Water-borne
Solvent-borne
Reactive
Hot Melt
Other Technologies
Application
Building and Construction
Aerospace
Automotive
Footwear and Leather
Healthcare
Packaging
Woodwork and Joinery
Other Applications
Geography
United States
Canada
Mexico
Rest of North America
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North America Adhesives Market Research FAQs

The North America Adhesives Market is projected to register a CAGR of 5.80% 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 Market.

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

North America Adhesives Industry Report

Statistics for the 2024 North America Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Adhesives 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 Market Report Snapshots

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