United States Adhesives and Sealants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

United States Adhesives and Sealants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The US adhesives and sealants market was estimated at around USD 10 billion in 2020, and the market is projected to register a CAGR of over 5% during the forecast period (2021-2026).

The market was negatively impacted due to COVID-19 in 2020. Owing to the pandemic scenario, the country went into lockdown, thereby halting all construction and manufacturing activities. Supply chain disruptions, work stoppages, and labor shortages had a negative impact on the market studied. However, the condition is expected to recover in 2021, which is expected to drive the market studied during the forecast period.

Key Highlights

• Over the short term, the increasing demand from the packaging industry and construction sector is expected to drive the market during the forecast period.
• Stringent environmental regulations regarding VOC emissions and the negative impact of the COVID-19 pandemic are likely to hinder the market’s growth.
• The growing popularity of bio-based adhesives is likely to create opportunities for the market’s growth in the future.

Key Market TrendsIncreasing Usage of Acrylic Water-borne Adhesives

• Water-borne acrylic adhesives are considered an environmentally friendly and economically feasible substitute for solvent-based adhesives. The major advantage of water-borne adhesives is the absence of volatile organic compounds.
• Properties of acrylics include durability, color retention, quick-drying, environmentally friendly, and impact-resistant. Acrylics are majorly used on exterior and interior surfaces, such as on frames, doors, wall surfaces, and trims.
• Acrylics can be applied to areas such as primed metals, wood, and masonry surfaces. Acrylics are also used directly on metal or as a topcoat for many colors and gloss levels.
• The application of acrylics includes bonding wood, paper, wall panel bonding, sealing (grouts), textiles bonding, paper stamps, leather tile envelopes, and labels. Acrylics are used by various end-user industries, such as buildings and construction, woodworking and joinery, and paper, board, and packaging.
• Furthermore, acrylics are majorly used by the paper, board, and packaging industries. The packaging industry dominates the demand for acrylic adhesives with numerous applications in products, such as tapes, labels, cases, and cartons.
• Factors such as e-commerce, online food deliveries, and innovation and development in the packaging industry have been driving the country's packaging industry.
• All the aforementioned factors are expected to drive the demand for adhesives and sealants over the forecast period.

Rising Demand from the Building and Construction Industry

• The United States has one of the world’s largest construction industries, and it recorded annual revenue of USD 1,306 billion in 2019. The United States is a major industrialized country that houses multiple industries in heavy-scale, medium-scale, and small-scale categories. The country is known for its booming commercial activities.
• Adhesives and sealants have been extensively used in the building and construction industry owing to their characteristics and physical properties. These properties include good adhesion and elasticity, cohesion, high cohesive strength, flexibility, the high elastic modulus of the substrate, resistance from thermal expansion, and environmental resistance from UV light, corrosion, salt water, rain, and other weathering conditions.
• They have a myriad of applications. They are used in heating, ventilation, air conditioning (HVAC), concrete, joint cement, manufactured housing, resilient flooring, roofing, wall covering, pre-finish panels, drywall lamination, joints in exterior walls, spandrels, repair of larger cracks, the perimeter of doors and fixed window frames, etc.
• The construction industry in the United States continued to expand, owing to a strong economy and positive market fundamentals for commercial real estate and an increase in federal and state funding for public works and institutional buildings.
• In the country, the growing population is expected to boost the demand for housing. Furthermore, about 20 million households are projected to be constructed over the next decade. The US commercial construction sector is expected to witness growth in the next few years.
• According to the Federal National Mortgage Association (Fannie Mae), residential house construction was expected to jump by 10% through 2020, with 1 million new homes expected to hit the market by the end of 2021.
• All the aforementioned factors are expected to boost the demand for adhesives and sealants in the country during the forecast period.

Competitive Landscape

The US adhesives and sealants market is consolidated in nature. Major companies in the market include 3M, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and H.B. Fuller Company.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

3M
Arkema Group
Ashland
AVERY DENNISON CORPORATION
Beardow Adams
Dow
Drytac
DuPont
Dymax Corporation
Franklin International
H.B. Fuller Company
Henkel AG & Co. KGaA
Huntsman International LLC
ITW Performance Polymers
MAPEI SpA
Master Bond Inc.
Parker Hannifin Corp. (LORD Corporation)
Pidilite Industries Ltd
Sika AG
Wacker Chemie AG

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.