North America Adhesives and Sealants Market Forecast to 2030

North America Adhesives and Sealants Market Forecast to 2030 – Regional Analysis – by Resin Type [Adhesives (Epoxy, Polyurethane, Acrylic, and Others), and Sealants (Silicone Sealant, Urethane Sealant, Acrylic Sealant, Polysulfide Sealant, and Others)] and by End-Use Industry (Automotive, Aerospace, Paper and Packaging, Building and Construction, Electrical and Electronics, Medical, and Others)

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Description

The North America adhesives and sealants market was valued at US$ 9,271.17 million in 2022 and is expected to reach US$ 12,828.82 million by 2030; it is estimated to grow at a CAGR of 4.1% from 2022 to 2030 .

Strong Growth of Construction and Automotive Industries fuel the North America Adhesives and Sealants Market

The construction industry in various countries across the world is growing due to continuing industrialization and urbanization, increasing population, growing income of a middle-class population, and increasing infrastructural developments and investments in the construction industry. The construction industry in Mexico is growing due to economic growth and public investments in infrastructure projects. During 2019–2020, the country’s President and private sector representatives announced multiple projects as a part of the nation’s infrastructure plan. Mexico is also moving rapidly toward green and environmentally friendly construction activities. The construction industry in the country has embraced the green building movement. As per the data of Organisation Internationale des Constructeurs d’Automobiles (OICA), American countries recorded the production of ~16.2 million commercial and passenger cars in 2010, and this production rate has grown by more than 23% and registered the production of ~20 million commercial and passenger cars in 2019. Hence, the strong growth of the automotive industry in various countries across the region bolsters the demand for adhesives and sealants.

North America Adhesives and Sealants Market Overview

North America adhesives and sealants market is segmented into the US, Canada, and Mexico. The market is witnessing strong growth in North America due to the growing demand for adhesives and sealants from packaging, electrical & electronics, automotive, construction, and medical industries. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2021, North America registered a production of 13.42 million vehicles. The strong presence of the automotive industry in the region creates a huge demand for adhesives and sealants, as they are applied in applications such as dashboards and trims, electronic systems and engine compartments, and many other parts. The construction sector in North America is witnessing growth due to increased federal and state financing for the construction of commercial and institutional structures in the region. According to a report released by the US Census Bureau, the value of total construction (private and public) investment in 2022 was US$ 1,792.9 billion, a 10.2% increase from investments in 2021. The expansion of the construction sector is fueling the regional adhesives and sealants market growth. Governments of various countries in North America have significantly invested in technology and research programs in the aerospace sector. The region is a hub for major aircraft manufacturing companies such as Raytheon Technologies Corporation, The Boeing Company, and The Lockheed Martin Corporation. The growth of end-use industries is driving the adhesives and sealants market in North America.

Exhibit: North America Adhesives and Sealants Market Revenue and Forecast to 2030 (US$ Million)

North America Adhesives and Sealants Market Segmentation

The North America adhesives and sealants market is segmented based on resin type, end use industry, and country.

Based on resin type, the North America adhesives and sealants market is bifurcated into adhesives and sealants. The adhesives segment held a larger market share in 2022. Additionally, the adhesives segment is categorized into epoxy, polyurethane, acrylic, and others. Further, the sealants segment is subsegmented into silicone sealant, urethane sealant, acrylic sealant, polysulfide sealant, and others.

Based on end-use industry, the North America adhesives and sealants market is segmented into automotive, aerospace, paper and packaging, building and construction, electrical and electronics, medical, and others. The building and construction segment held the largest market share in 2022.

Based on country, the North America adhesives and sealants market is segmented into the US, Canada, and Mexico. The US dominated the North America adhesives and sealants market share in 2022.

Henkel AG and Co KGaA, HB Fuller Company, Sika AG, 3M Co, Huntsman International LLC, Dow Inc, Wacker Chemie AG, Parker Hannifin Corp, Dymax Corporation, and Astro Chemical Company Inc are some of the leading players operating in the North America adhesives and sealants market.

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At 4.1% CAGR, the North America Adhesives and Sealants Market is Speculated to be worth US$ 12,828.82 million by 2030, says The Research Team

According to The Research Team’ research, the North America adhesives and sealants market was valued at US$ 9,271.17 million in 2022 and is expected to reach US$ 12,828.82 million by 2030, registering a CAGR of 4.1% from 2022 to 2030. Strong growth of construction and automotive industries and increasing demand for adhesives and sealants from paper & packaging industry are the critical factors attributed to the North America adhesives and sealants market expansion.

Several manufacturers are focused on developing adhesives and sealants from biological sources and agro-wastes in response to the global focus on sustainable development and circular economies. In 2023, the US Environmental Protection Agency announced the award of US$ 100 million to support waste management and recycling. It is the agency’s first significant initiative in these fields in thirty years. In contrast to the current 32% recycling rate, the agency’s National Recycling Strategy aims to achieve a 50% recycling rate by 2030. Plastic garbage recycling rates are at approximately 5%. It will provide an additional US$ 32 million to states and territories to help them carry out their waste management strategies, and it has chosen 25 localities to receive subsidies totaling over US$ 70 million to upgrade their recycling facilities. Also, the Canadian government declared its goal to eliminate plastic waste in Canada by 2030 and banned certain plastic items in 2022. There is a switch in a trend toward recycling of adhesives and sealants from manufacturers in developed economies. The development of debondable hot-melt adhesives made of high-performance materials from sustainable and natural biomolecules is in trend due to their ability of being recycled. These adhesives find their applications in many end-use industries such as transportation, consumer electronics & appliances, and military. Therefore, the growing awareness of sustainable development and increasing focus on a circular economy will propel the demand for recycled adhesives and sealants and reactivation processes in different industries in the coming years.

On the contrary, fluctuation in prices of raw materials hurdles the growth of North America adhesives and sealants market.

Based on resin type, the North America adhesives and sealants market is bifurcated into adhesives and sealants. The adhesives segment held 79.8% market share in 2022, amassing US$ 7,395.51 million. It is projected to garner US$ 10,324.29 million by 2030 to expand at 4.3% CAGR during 2022–2030. Additionally, the adhesives segment is categorized into epoxy, polyurethane, acrylic, and others. Further, the sealants segment is subsegmented into silicone sealant, urethane sealant, acrylic sealant, polysulfide sealant, and others.

Based on end-use industry, the North America adhesives and sealants market is categorized into automotive, aerospace, paper and packaging, building and construction, electrical and electronics, medical, and others. The building and construction segment held 31.1% market share in 2022, amassing US$ 2,887.69 million. It is projected to garner US$ 4,139.64 million by 2030 to expand at 4.6% CAGR during 2022–2030.

Based on country, the North America adhesives and sealants market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 81.8% share of North America adhesives and sealants market in 2022. It was assessed at US$ 7,581.11 million in 2022 and is likely to hit US$ 10,575.45 million by 2030, exhibiting a CAGR of 4.2% during 2022–2030.

Key players operating in the North America adhesives and sealants market are Henkel AG and Co KGaA, HB Fuller Company, Sika AG, 3M Co, Huntsman International LLC, Dow Inc, Wacker Chemie AG, Parker Hannifin Corp, Dymax Corporation, and Astro Chemical Company Inc, among others.

In June 2021, HB Fuller Co announced strategic partnership with Jubilant Industries Limited. In Feb 2023, 3M Co launched medical adhesive with longer wear time.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America adhesives and sealants market.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the North America adhesives and sealants market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America adhesives and sealants market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

TABLE OF CONTENTS

1. Introduction
1.1 The Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
2.2.1 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Adhesives and Sealants Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers:
4.3.2 Manufacturers:
4.3.3 Distributors or Suppliers:
4.3.4 End Use Industry:
4.4 List of Vendors in Value Chain
5. North America Adhesives and Sealants Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Strong Growth of Construction and Automotive Industries
5.1.2 Increasing Demand for Adhesives and Sealants from Paper & Packaging Industry
5.2 Market Restraints
5.2.1 Fluctuation in Prices of Raw Materials
5.3 Market Opportunities
5.3.1 Development of Bio-Based Adhesives
5.4 Future Trends
5.4.1 Sustainability Initiatives by Developed and Developing Economies
5.5 Impact Analysis
6. Adhesives and Sealants Market – North America Market Analysis
6.1 North America Adhesives and Sealants Market Volume (Kilo Tons)
6.2 Adhesives and Sealants Market Revenue (US$ Million)
6.3 Adhesives and Sealants Market Forecast and Analysis
7. North America Adhesives and Sealants Market Analysis – Resin Type
7.1 Adhesives
7.1.1 Overview
7.1.2 Adhesives Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.1.3 Epoxy
7.1.3.1 Overview
7.1.4 Epoxy Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.1.4 Polyurethane
7.1.4.1 Overview
7.1.5 Polyurethane Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.1.6 Acrylic
7.1.6.1 Overview
7.1.7 Acrylic Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.1.8 Others
7.1.8.1 Overview
7.1.9 Others Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2 Sealants
7.2.1 Overview
7.2.2 Sealants Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2.3 Silicone Sealant
7.2.3.1 Overview
7.2.4 Silicone Sealant Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2.5 Urethane Sealant
7.2.5.1 Overview
7.2.6 Urethane Sealant Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2.7 Acrylic Sealant
7.2.7.1 Overview
7.2.8 Acrylic Sealant Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2.9 Polysulfide Sealant
7.2.9.1 Overview
7.2.10 Polysulfide Sealant Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
7.2.11 Others
7.2.11.1 Overview
7.2.12 Others Market Volume, Revenue and Forecast to 2030 (Kilo Tons) (US$ Million)
8. North America Adhesives and Sealants Market Analysis – End Use Industry
8.1 Automotive
8.1.1 Overview
8.1.2 Automotive Market, Revenue, and Forecast to 2030 (US$ Million)
8.2 Aerospace
8.2.1 Overview
8.2.2 Aerospace Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Paper and Packaging
8.3.1 Overview
8.3.2 Paper and Packaging Market Revenue and Forecast to 2030 (US$ Million)
8.4 Building and Construction
8.4.1 Overview
8.4.2 Building and Construction Market Revenue and Forecast to 2030 (US$ Million)
8.5 Electrical and Electronics
8.5.1 Overview
8.5.2 Electrical and Electronics Market Revenue and Forecast to 2030 (US$ Million)
8.6 Medical
8.6.1 Overview
8.6.2 Medical Market Revenue and Forecast to 2030 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others Market Revenue and Forecast to 2030 (US$ Million)
9. North America Adhesives and Sealants Market – Country Analysis
9.1 North America
9.1.1 North America Adhesives and Sealants Market Overview
9.1.2 North America Adhesives and Sealants Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 Adhesives and Sealants Market Breakdown by Country
9.1.2.2 US Adhesives and Sealants Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.2.3 US Adhesives and Sealants Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.3.1 US Adhesives and Sealants Market Breakdown by Resin Type
9.1.2.3.2 US Adhesives and Sealants Market Breakdown by Resin Type
9.1.2.3.3 US Adhesives and Sealants Market Breakdown by End Use Industry
9.1.2.4 Canada Adhesives and Sealants Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.2.5 Canada Adhesives and Sealants Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.5.1 Canada Adhesives and Sealants Market Breakdown by Resin Type
9.1.2.5.2 Canada Adhesives and Sealants Market Breakdown by Resin Type
9.1.2.5.3 Canada Adhesives and Sealants Market Breakdown by End Use Industry
9.1.2.6 Mexico Adhesives and Sealants Market Volume and Forecasts to 2030 (Kilo Tons)
9.1.2.7 Mexico Adhesives and Sealants Market Revenue and Forecasts to 2030 (US$ Million)
9.1.2.7.1 Mexico Adhesives and Sealants Market Breakdown by Resin Type
9.1.2.7.2 Mexico Adhesives and Sealants Market Breakdown by Resin Type
9.1.2.7.3 Mexico Adhesives and Sealants Market Breakdown by End Use Industry
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
11. Industry Landscape
11.1 Product launch
11.2 Partnership
11.3 Merger & Acquisition
12. Company Profiles
12.1 Henkel AG & Co KGaA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 HB Fuller Co
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Sika AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 3M Co
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Huntsman Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Dow Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Wacker Chemie AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Parker Hannifin Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Dymax Corp
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Astro Chemical Co Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix

LIST OF TABLES

Table 1. North America Adhesives and Sealants Market Segmentation
Table 2. List of Raw Material Suppliers
Table 3. List of Manufacturers
Table 4. North America Adhesives and Sealants Market Volume and Forecasts To 2030 (Kilo Tons)
Table 5. North America Adhesives and Sealants Market Revenue and Forecasts To 2030 (US$ Million)
Table 6. US Adhesives and Sealants Market Volume and Forecasts To 2030 (Kilo Tons) – By Resin Type
Table 7. US Adhesives and Sealants Market Revenue and Forecasts To 2030 (US$ Million) – By Resin Type
Table 8. US Adhesives and Sealants Market Revenue and Forecasts To 2030 (US$ Million) – By End Use Industry
Table 9. Canada Adhesives and Sealants Market Volume and Forecasts To 2030 (Kilo Tons) – By Resin Type
Table 10. Canada Adhesives and Sealants Market Revenue and Forecasts To 2030 (US$ Million) – By Resin Type
Table 11. Canada Adhesives and Sealants Market Revenue and Forecasts To 2030 (US$ Million) – By End Use Industry
Table 12. Mexico Adhesives and Sealants Market Volume and Forecasts To 2030 (Kilo Tons) – By Resin Type
Table 13. Mexico Adhesives and Sealants Market Revenue and Forecasts To 2030 (US$ Million) – By Resin Type
Table 14. Mexico Adhesives and Sealants Market Revenue and Forecasts To 2030 (US$ Million) – By End Use Industry
Table 15. Company Positioning & Concentration

LIST OF FIGURES

Figure 1. North America Adhesives and Sealants Market Segmentation, By Country
Figure 2. Porter’s Five Forces Analysis
Figure 3. Ecosystem: North America Adhesives and Sealants Market
Figure 4. North America Adhesives and Sealants Market Impact Analysis of Drivers and Restraints
Figure 5. North America Adhesives and Sealants Market Volume (Kilo Tons), 2020 – 2030
Figure 6. North America Adhesives and Sealants Market Revenue (US$ Million), 2020 – 2030
Figure 7. North America Adhesives and Sealants Market Share (%) – Resin Type, 2022 and 2030
Figure 8. Adhesives Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 9. Adhesives Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Epoxy Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 11. Epoxy Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Polyurethane Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 13. Polyurethane Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Acrylic Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 15. Acrylic Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Others Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 17. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Sealants Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 19. Sealants Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Silicone Sealant Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 21. Silicone Sealant Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Urethane Sealant Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 23. Urethane Sealant Market Revenue and Forecasts To 2030 (US$ Million)
Figure 24. Acrylic Sealant Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 25. Acrylic Sealant Market Revenue and Forecasts To 2030 (US$ Million)
Figure 26. Polysulfide Sealant Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 27. Polysulfide Sealant Market Revenue and Forecasts To 2030 (US$ Million)
Figure 28. Others Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 29. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 30. North America Adhesives and Sealants Market Share (%) – End Use Industry, 2022 and 2030
Figure 31. Automotive Market Revenue and Forecasts To 2030 (US$ Million)
Figure 32. Aerospace Market Revenue and Forecasts To 2030 (US$ Million)
Figure 33. Paper and Packaging Market Revenue and Forecasts To 2030 (US$ Million)
Figure 34. Building and Construction Market Revenue and Forecasts To 2030 (US$ Million)
Figure 35. Electrical and Electronics Market Revenue and Forecasts To 2030 (US$ Million)
Figure 36. Medical Market Revenue and Forecasts To 2030 (US$ Million)
Figure 37. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 38. North America Adhesives and Sealants Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 39. North America Adhesives and Sealants Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 40. US Adhesives and Sealants Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 41. US Adhesives and Sealants Market Revenue and Forecasts To 2030 (US$ Million)
Figure 42. Canada Adhesives and Sealants Market Volume and Forecasts To 2030 (Kilo Tons)
Figure 43. Canada Adhesives and Sealants Market Revenue and Forecasts To 2030 (US$ Million)
Figure 44. Mexico Adhesives and Sealants Market Revenue and Forecasts To 2030 (Kilo Tons)
Figure 45. Mexico Adhesives and Sealants Market Revenue and Forecasts To 2030 (US$ Million)

The List of Companies – North America Adhesives and Sealants Market

o Henkel AG and Co KGaA
o HB Fuller Company
o Sika AG
o 3M Co
o Huntsman International LLC
o Dow Inc
o Wacker Chemie AG
o Parker Hannifin Corp
o Dymax Corporation
o Astro Chemical Company Inc

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