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North America Contact Adhesives Market Size (2024 - 2029)

The North America contact adhesives market is anticipated to experience growth, driven by the expansion of construction projects and increased use in the automotive and aerospace sectors. Despite potential challenges posed by stringent VOC emission regulations, the market's scale is influenced by the dominance of neoprene-based adhesives, particularly due to rising demand in the footwear and construction industries. The shift towards water-borne adhesives presents new opportunities, while the United States remains the largest market, fueled by growing consumption in packaging, construction, woodworking, and consumer electronics.

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Market Size of North America Contact Adhesives Industry

North America contact Adhesives Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 3.00 %
Market Concentration Low

Major Players

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*Disclaimer: Major Players sorted in no particular order

North America Contact Adhesives Market Analysis

North America contact adhesives market is expected to grow at a CAGR of more than 3% during the forecast period. The demand for contact adhesives is widely driven by the increased number of construction projects and increased application in automotive and aerospace industry. However, stringent VOC emission regulations may affect the growth of the studied market.

  • The neoprene-based segment dominated the market. It is likely to grow during the forecast period, owing to the rising demand from the footwear and construction industry.
  • The shifting focus toward water-borne adhesives is likely to offer opportunities for the contact adhesives market in the region.
  • United States stands to be the largest market for contact adhesives in the region, with demand being majorly driven by the growing consumption in end-user industries, such as packaging, construction, woodworking and consumer electronics.

North America Contact Adhesives Industry Segmentation

North America contact adhesives market report include:

Resin
Neoprene
Styrene Butadiene Copolymer
Acrylic Copolymer
Other Resins
Technology
Water-borne
Solvent-borne
Other Technologies
End-user Industry
Building and Construction
Automotive and Aerospace
Consumer Durables
Packaging
Woodworking
Leather and Footwear
Other End-user Industries
Geography
United States
Canada
Mexico
Rest of North America
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North America Contact Adhesives Market Size Summary

The North America contact adhesives market is poised for growth, driven by the surge in construction activities and increased applications in the automotive and aerospace sectors. The market is characterized by a significant demand for neoprene-based adhesives, primarily fueled by the footwear and construction industries. Despite the promising growth trajectory, the market faces challenges from stringent VOC emission regulations. The United States emerges as the largest market within the region, benefiting from its robust aerospace, automobile, packaging, and footwear industries. The properties of contact adhesives, such as high cohesive strength, flexibility, and environmental resistance, make them indispensable in construction applications, including wooden flooring and artificial turf. The ongoing and planned construction projects across North America, particularly in the United States and Canada, are expected to further bolster the demand for contact adhesives.

The market landscape in North America is fragmented, with key players like 3M, Arkema Group, H.B. Fuller, Sika AG, and Henkel AG & Co. KGaA leading the charge. The shift towards water-borne adhesives presents new opportunities for market expansion. The United States, with its extensive construction projects and a thriving aerospace industry, is set to experience significant growth in contact adhesive consumption. The residential construction sector is also anticipated to contribute to this growth, driven by the increase in single and multiple-family housing projects. As the market continues to evolve, the presence of a strong production base and favorable growth prospects in end-user industries are expected to sustain the demand for contact adhesives across the region.

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North America Contact Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increased Number of Construction Projects

      2. 1.1.2 Increased Application in Automotive and Aerospace Industry

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      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 Resin

      1. 2.1.1 Neoprene

      2. 2.1.2 Styrene Butadiene Copolymer

      3. 2.1.3 Acrylic Copolymer

      4. 2.1.4 Other Resins

    2. 2.2 Technology

      1. 2.2.1 Water-borne

      2. 2.2.2 Solvent-borne

      3. 2.2.3 Other Technologies

    3. 2.3 End-user Industry

      1. 2.3.1 Building and Construction

      2. 2.3.2 Automotive and Aerospace

      3. 2.3.3 Consumer Durables

      4. 2.3.4 Packaging

      5. 2.3.5 Woodworking

      6. 2.3.6 Leather and Footwear

      7. 2.3.7 Other End-user Industries

    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 Contact Adhesives Market Size FAQs

The North America Contact Adhesives Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)

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

North America Contact Adhesive Market Report Snapshots

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