North America Cyanoacrylate Adhesives Market Size (2024 - 2029)

North America Cyanoacrylate Adhesives Market Size Summary

The North America cyanoacrylate adhesives market is poised for significant growth, driven primarily by increasing demand from the electronics and furniture sectors. Despite challenges such as fluctuating raw material prices, the market is expected to expand steadily. The United States is anticipated to hold a substantial portion of the market share, largely due to its diverse end-user industries. The healthcare sector, in particular, is projected to experience the highest growth rate, fueled by the rising number of surgeries and the need for advanced tissue adhesives. Cyanoacrylate adhesives, especially the ester form N-butyl-2-cyanoacrylate, have gained prominence in medical applications, achieving a gold standard status that bolsters their market presence.

The market landscape in North America is moderately fragmented, with numerous players like 3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group, and Sika AG contributing to the competitive environment. The United States, despite economic setbacks from the COVID-19 pandemic, is expected to recover and maintain its dominance in the market. The demand for cyanoacrylate adhesives is further supported by the growing use in medical applications, such as dental and surgical adhesives, and the increasing standard of living, which drives the demand for home furnishings. However, the decline in automotive production has posed challenges to market growth in the region.