North America Epoxy Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Epoxy Adhesives Market Analysis
The North America epoxy adhesives market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the growing demand for miniaturized and lightweight electronics. However, volatility in the raw material prices is hindering the growth of the market studied.
- Increasing applications and rising awareness for structural adhesives is expected to provide a major growth opportunity for the market studied.
- United States accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the end-user industries, construction industry is likely to continue dominating the market during the forecast period.
North America Epoxy Adhesives Market Trends
This section covers the major market trends shaping the North America Epoxy Adhesives Market according to our research experts:
Construction Industry to Dominate the Market
- Epoxy adhesives are used in construction applications, majorly for concrete repair and anchoring purposes. They are also used in woodworking and carpentry applications to increase the strength of adhesion with wooden surfaces in constructions.
- These adhesives are commonly used to bond steel, to reinforce plates or carbon laminates, and to strengthen beams and columns. They are also used for bonding segments in bridges and viaducts, where they may completely substitute metal screws or bolts, providing an effective resistance to the constant load on the road and the different temperature ranges.
- Epoxies are exclusively used for bonding of fasteners, where they protect the fastening materials, such as bolts from stresses and corrosion, in turn strengthening the bond.
- Epoxy adhesives are widely employed in public infrastructures, such as bridges for joining precast materials. They are also used for bonding of steel reinforcement components and carbon laminates for columns and slabs. Anchoring of bolts and steel bars in concrete and joining the ends of concrete or metal pipes for sewage systems are other applications that involve the usage of epoxy adhesives.
- Hence, owing to the above mentioned factors, construction industry is expected to dominate the market studied during the forecast period
United States to Dominate the Market
- United States accounts for the highest share of the North America Epoxy Adhesives market currently owing to the high demand from end-user industries like construction and electrical and electronics.
- The United States is experiencing a growth in the electrical & electronics industry. The country witnessed a positive growth in electronics mainly due to the increase in the FDI in electronics over the past few years and the increasing demand for electric vehicles.
- The residential and non-residential construction is also witnessing a growth due to private investments. This in turn is also expected to drive the North America epoxy adhesives market.
- Hence, owing to the above-mentioned factors, United States is likely to dominate the market studied during the forecast period.
North America Epoxy Adhesives Industry Overview
The North America Epoxy adhesives market is moderately fragmented as the market share is divided among a lot of players. Some of the key players in the market include 3M, Arkema Group, H.B.Fuller company, Henkel AG & Co. KGaA, and Sika AG, among others.
North America Epoxy Adhesives Market Leaders
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3M
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Arkema Group
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H.B.Fuller Company
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Henkel AG & Co. KGaA
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Sika AG
*Disclaimer: Major Players sorted in no particular order
North America Epoxy Adhesives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand for Miniaturized and Lightweight electronics
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Volatility in Raw Material Prices
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4.2.2 Other Restraints
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 One-component
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5.1.2 Two-component
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5.2 End-user Industry
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5.2.1 Aerospace & Defense
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5.2.2 Automotive
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5.2.3 Marine
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5.2.4 Electrical & Electronics
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5.2.5 Construction
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5.2.6 Energy & Power
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5.2.7 Other End-user Industries
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5.3 Geography
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5.3.1 United States
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5.3.2 Canada
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5.3.3 Mexico
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 Arkema Group
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6.4.3 Ashland
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6.4.4 Dow
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6.4.5 Dymax Corporation
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6.4.6 Hexcel Corporation
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6.4.7 Henkel AG & Co. KGaA
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6.4.8 Hexion
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6.4.9 Huntsman International LLC
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6.4.10 H.B.Fuller Company
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6.4.11 Jowat SE
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6.4.12 MAPEI S.p.A.
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6.4.13 RPM International Inc.
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6.4.14 Sika AG
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6.4.15 Wacker Chemie AG
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Increasing Applications and Rising Awareness for Structural Adhesives
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North America Epoxy Adhesives Industry Segmentation
The North America Epoxy Adhesives Market Includes:
| Product Type | |
| One-component | |
| Two-component |
| End-user Industry | |
| Aerospace & Defense | |
| Automotive | |
| Marine | |
| Electrical & Electronics | |
| Construction | |
| Energy & Power | |
| Other End-user Industries |
| Geography | |
| United States | |
| Canada | |
| Mexico |
North America Epoxy Adhesives Market Research FAQs
What is the current North America Epoxy Adhesives Market size?
The North America Epoxy Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in North America Epoxy Adhesives Market?
3M, Arkema Group, H.B.Fuller Company, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the North America Epoxy Adhesives Market.
What years does this North America Epoxy Adhesives Market cover?
The report covers the North America Epoxy Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Epoxy Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Epoxy Adhesives Industry Report
Statistics for the 2024 North America Epoxy Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Epoxy Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
