North America Adhesives & Sealants Market Outlook, 2027

North America Adhesives & Sealants Market Outlook, 2027

USA is one of the leading countries of the world in adhesive & sealant market with over 15% market share globally and further to continue growing at an expected CAGR of 4.81% during the forecast period. It is also the leading market in North America with demand arising mainly from the construction, electronics, automotive and packaging industries. The water based adhesives market was worth USD 3 Billion in 2021 and is expected to grow rapidly during the forecast period due to no VOC emission from these types of adhesives. Flexible packaging market is expected to bolster the market growth. Moreover the demand for ever evolving technology based electronics is further expected to accelerate the demand. The construction sector is undergoing a recovering stage after the pandemic and expected to witness investments during the forecast period. Renovating the old buildings is carried down on a massive scale coupled with rising investments for building up smart cities across the country. In 2020, 15 Million new vehicles were sold across USA which was less than the previous year due to pandemic but, it is forecasted to decline further in 2021. However, the demand for electric vehicles is expected to raise which will ultimately result in growing demands for adhesive & sealants in manufacturing process.

According to the research report “North America Adhesives & Sealants Market Outlook, 2027” by Bonafide Research, the adhesive & sealants market is expected to reach USD 20 Billion by the end of the forecast period 2027. USA leads the region followed by Mexico. Though USA is leading market, North America’s share is less than Europe. Paper & packaging, Building & construction and healthcare form the major users of these adhesives & sealants. The region’s growth is anticipated to grow tremendously driven by the demand for sealers in driveways & parking lots and pavement blocks in construction industry. Acrylic sealants are expected to grow at an expected CAGR of 6.24% during the forecast years. This is mainly due to reduced VOC emissions from acrylic sealants. Development of renewable resources as an alternative to petroleum-derived chemicals is expected to act as an opportunity in the future. Reactive adhesives have the largest market share globally in North America region of over 25% share applied in construction, aerospace, transport equipment, electrical and motor vehicles industry.

The rise in the standard of living and technological developments augment the need for adhesives & sealants application across various industries. However, the rising environmental concerns arising due to large scale uses of these adhesives & sealants is causing air pollution emitting Volatile Organic Compounds which is harmful for the populace. This is boosting the greener adhesives & sealants as it is safe for humans and environment both. It increases the sustainability of the products as well reduce the carbon footprints in the atmosphere. Raw materials like beeswax and plants do not contain any petroleum derivatives and are used in labelling of products. In the automotive industry if recyclable products are used they can be easily melted and reused leaving behind no residues. Paper packaging fosters repulping back to make new products which is widely being used across North America region. According to a study conducted by USA EPA if a person is exposed to a high VOC level in air, he may experience eye, nose, throat irritation or headache or long term damage to kidney/ liver. California has passed a law requiring spray adhesives to comply with VOC requirements.

Water based adhesives are expected to dominate the North America region led by the rising demand from the paper & packaging, healthcare, construction and electronics industry. In packaging industry it helps solve label flagging and adhesive transfer and are used to create books, toilet rolls, tissues and packaging. In healthcare, it is used in assembling of medical equipment’s, medical tapes and other devices. In construction industry it is used for carpet laying, drywall lamination, roofing tiles mixed in cement for joints and other uses. In electronics it is used to assemble different parts to make a complete product, wrapping cables, join two substrates in place of small screws. Hot melt adhesives are expected to capture future markets rapidly growing over the forecast period. The major end user of hot melt adhesives is paper & packaging industry from the packaged food & beverages industry. The incidence of rising ready to eat and ready to cook meals demands for packaging with good adhesives to avoid leak or breakdown of packets. Also, with the rising ecommerce sales, online shopping is also expected to bolster the demands for adhesives in future.
Silicone sealants have market share of above 32% which is highest among all regions globally. This is because they are flexible, temperature resistant and oil & chemical resistant and can seal various substrates like plastics, metal, glass and ceramic. However, the VOC regulations in place the use of silicone sealants is expected to decline during the forecast period. Polyurethane sealants and acrylic sealants are expected to grow rapidly over the future years. These are used in renovation construction projects in non-sagging, horizontal joints and vertical application. Also in the automotive sector they find application for manufacturing vehicles, repairing auto glass and to reduce vibrations in vehicles. In car paint sealants are used to protect surface of car to provide mirror like shine. Strict government norms to reduce carbon emission are driving the acrylic sealants market.

The Pandemic hit the demand and supply chains severely affecting the adhesives & sealants market in the region. The raw materials were not soured in time that delayed production activities across industries. Construction and automotive sectors faced large scale workforce shortage due to immobility of labourers. However, the construction of temporary hospitals and quarantine centres increased with this outbreak of coronavirus. Certain adhesive products witnessed strong demand due to their applications in the paper and packaging, as well as healthcare industry. However, dependence of adhesive & sealant on healthcare and packaging sector is expected to lead the adhesives and sealants market to recover soon post the pandemic.

Major Companies present in the market:
Henkel AG, 3m Inc. , Sika AG, H.B. Fuller Company, Arkema S.A., Huntsman Corporation, Illinois Tool Works Inc., Wacker Chemie AG, DuPont De Nemours, Inc., Pidilite Industries Limited, Avery Dennison Corporation, Dow Inc., Ashland Global Specialty Chemicals Inc.

Considered in this report
Geography: Regional
Historic Year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027

Aspects covered in this report
North America Adhesive & Sealant market with its value and forecast along with its segments
Country wise market analysis
Various drivers and challenges
On-going trends and developments
Top profiled companies
Strategic recommendation

Countries covered in the report
United States of America
Canada
Mexico

By Type in the report:
Adhesive
Sealant

By Formulating Technology in the report:
Water-based
Solvent-based
Hot-melt
Reactive & Others

By Resin Type in the report:
Silicone
Polyurethane
Acrylic
Polyvinyl Acetate
Other Sealant Product

By Application Type in the report:
Paper, Board, and Packaging
Buildings and Construction
Automotive & Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Consumer & DIY
Other End-user Industries

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry manufactures, consultants, Key vendors related to Adhesive & Sealant industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.