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North America Adhesives Market Size (2024 - 2029)

The North America Adhesives market is anticipated to experience steady growth, driven by the expanding packaging industry in the region. Despite the challenges posed by strict regulations on VOC-free content, the market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory. The development of bio-based and hybrid adhesives presents potential opportunities for further expansion. The United States is projected to lead in demand within the market.

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Market Size of North America Adhesives Industry

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

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 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 Size Summary

The North America adhesives market is poised for steady growth, driven by the expanding packaging industry and the increasing demand for quick and convenient packaged products. The market has rebounded to pre-pandemic levels and is expected to continue its upward trajectory, despite challenges posed by stringent regulations on VOC-free content. The development of bio-based and hybrid adhesives presents a significant opportunity for market players. The United States is anticipated to lead the demand for adhesives, supported by its robust packaging, construction, electronics, and automotive sectors. The packaging industry, in particular, is experiencing rapid growth due to advancements in design and technology, as well as the rising interest in public health and e-commerce activities.

The United States holds a dominant position in the North American adhesives market, with its packaging industry being a major driver of growth. The country's packaging production is largely fueled by paper and paperboard, with flexible packaging emerging as a rapidly growing segment. The construction industry in the United States also significantly contributes to the demand for adhesives, with applications in roofing, flooring, and prefabricated components. The market is characterized by fragmentation, with key players such as 3M, Arkema Group, Sika AG, HB Fuller Company, and Henkel AG & Co. KGaA actively participating. Strategic agreements and acquisitions, like H.B. Fuller's partnership with Covestro and Huntsman Corporation's acquisition of Gabriel Performance Products, highlight the industry's focus on sustainability and innovation.

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North America Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Demand from Packaging Industry

      2. 1.2.2 Other Drivers

    3. 1.3 Market Restraints

      1. 1.3.1 Strict Regulations on the Usage of VOC-free Contents

      2. 1.3.2 Other Restraints

    4. 1.4 Industry Value Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

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

    1. 2.1 Resin Type

      1. 2.1.1 Silicone

      2. 2.1.2 Polyurethane

      3. 2.1.3 Acrylic

      4. 2.1.4 Epoxy

      5. 2.1.5 Cyanoacrylate

      6. 2.1.6 VAE/EVA

      7. 2.1.7 Other Resin Types

    2. 2.2 Technology

      1. 2.2.1 Water-borne

      2. 2.2.2 Solvent-borne

      3. 2.2.3 Reactive

      4. 2.2.4 Hot Melt

      5. 2.2.5 Other Technologies

    3. 2.3 Application

      1. 2.3.1 Building and Construction

      2. 2.3.2 Aerospace

      3. 2.3.3 Automotive

      4. 2.3.4 Footwear and Leather

      5. 2.3.5 Healthcare

      6. 2.3.6 Packaging

      7. 2.3.7 Woodwork and Joinery

      8. 2.3.8 Other Applications

    4. 2.4 Geography

      1. 2.4.1 United States

      2. 2.4.2 Canada

      3. 2.4.3 Mexico

      4. 2.4.4 Rest of North America

North America Adhesives Market Size 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.

North America Adhesives Market Report Snapshots

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