North America Reactive Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Reactive Adhesives Market Analysis
The North America reactive adhesives market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing application in the construction of wind turbines. However, negative effects of epoxy and acrylic reactive adhesives on skin is hindering the growth of the market studied.
- Increasing popularity of heat-resistant products 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, renewable energy industry is expected to witness the highest growth rate during the forecast period.
North America Reactive Adhesives Market Trends
This section covers the major market trends shaping the North America Reactive Adhesives Market according to our research experts:
Renewable Energy Industry to Witness the Highest Growth Rate
- The consumption of renewable energy, especially wind energy has been significantly increasing across the North American region in the past few years.
- Wind energy offers many advantages over traditional energy sources which include unlimited & free energy, clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases.
- Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
- The installed wind power capacity in the North American region has witnessed a significant growth in the recent years owing to the growing environmental consciousness.
- Hence, owing to the above-mentioned factors, wind turbines industry is likely to witness the highest growth rate during the forecast period.
United States to Dominate the Market
- United States accounts for the highest share of the North America reactive adhesives market owing to the high demand from transportation, construction, and aerospace industries.
- United States is the second highest automotive manufacturer in the world. The high automotive manufacturing is resulting in high demand for reactive adhesives. However, in the recent past the declination of automotive production is negatively effecting the market studied.
- The construction industry has witnessed significant growth which is boosting demand for reactive adhesives in the country.
- According to the Federal Aviation Administration (FAA), the total commercial aircraft fleet of the country is expected to reach 8,270 in 2037. This growth is likely to boost the market studied in the coming years.
- Hence, United States is expected to dominate the market studied during the forecast period.
North America Reactive Adhesives Industry Overview
The North America reactive adhesives market is moderately fragmented as the market share is divided among a large number of players. Some of the key players in the market include 3M, Sika AG, Arkema Group, H.B.Fuller Company, and Henkel AG & Co. KGaA, among others.
North America Reactive Adhesives Market Leaders
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3M
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Sika AG
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Arkema Group
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H.B. Fuller Company
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Henkel AG & Co. KGaA
*Disclaimer: Major Players sorted in no particular order
North America Reactive 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 Increasing Application in the construction of Wind Turbines
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Negative Effects of Epoxy and Acrylic Reactive Adhesives on Skin
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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 Resin Type
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5.1.1 Polyurethane
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5.1.2 Epoxy
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5.1.3 Cyanoacrylate
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5.1.4 Modified Acrylic
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5.1.5 Anaerobic
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5.1.6 Silicone
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5.1.7 Other Resin Types
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5.2 End-user Industry
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5.2.1 Building & Construction
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5.2.2 Renewable Energy
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5.2.3 Transportation
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5.2.4 Healthcare
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5.2.5 Electronics
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5.2.6 Aerospace
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5.2.7 Sports & Leisure
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5.2.8 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 Avery Dennison Corporation
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6.4.4 Collano AG
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6.4.5 Dow
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6.4.6 Dymax Corporation
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6.4.7 Franklin Adhesives & Polymers
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6.4.8 H.B. Fuller Company
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6.4.9 Henkel AG & Co. KGaA
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6.4.10 Hexion
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6.4.11 Huntsman International LLC
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6.4.12 Jowat SE
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6.4.13 Sika AG
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Popularity of Heat-resistant Products
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North America Reactive Adhesives Industry Segmentation
The North America Reactive Adhesives market report includes:
| Resin Type | |
| Polyurethane | |
| Epoxy | |
| Cyanoacrylate | |
| Modified Acrylic | |
| Anaerobic | |
| Silicone | |
| Other Resin Types |
| End-user Industry | |
| Building & Construction | |
| Renewable Energy | |
| Transportation | |
| Healthcare | |
| Electronics | |
| Aerospace | |
| Sports & Leisure | |
| Other End-user Industries |
| Geography | |
| United States | |
| Canada | |
| Mexico |
North America Reactive Adhesives Market Research FAQs
What is the current North America Reactive Adhesives Market size?
The North America Reactive Adhesives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in North America Reactive Adhesives Market?
3M, Sika AG, Arkema Group, H.B. Fuller Company and Henkel AG & Co. KGaA are the major companies operating in the North America Reactive Adhesives Market.
What years does this North America Reactive Adhesives Market cover?
The report covers the North America Reactive Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Reactive Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Reactive Adhesives Industry Report
Statistics for the 2024 North America Reactive Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Reactive 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.
