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North America Sealants and Adhesives Market to Grow at a CAGR of 3% between 2021 and 2026.

According to a new report by EMR titled, ‘North America Sealants and Adhesives Market Report and Forecast 2021-2026', the North America sealants and adhesives market reached a value of almost USD 14.42 billion in 2020. The market is further projected to grow at a CAGR of 3% in the forecast period of 2021-2026.

The North America sealants and adhesives market is rapidly increasing due to the overall growth of auto sales and production. There is a rising trend in North America to produce lighter weight vehicles, which are fuel-efficient and produce lower emissions, thus, providing further impetus for the growth of the sealants and adhesives market in the region. Sealants and adhesives come in varieties and are used for diverse purposes. Sealants are used to seal the surfaces, joints, or openings in a material, whereas adhesives are used to bind the surfaces together. The market for North America sealants and adhesives has been expanding because of the growth in the end-use sectors like construction and transportation.

Henkel AG & Company (ETR: HEN3) and H.B. Fuller Company (NYSE: FUL) are some of the major players within the sealants and adhesives industry. In April 2020, Henkel, a leading company in the market due to its high-impact solutions in adhesives, sealants, and coatings, announced the opening of its new OEM application centre in Rocky Hill, USA. This will enhance and expand Henkel's capabilities to deliver innovative solutions to better serve customer needs, especially within the industrial assembly sector.

Market Analysis by Types, End Use, and Regions:

  • Adhesives are largely divided into reactive systems, solvent-based, water-based, pressure-sensitive, and hot melt, among others. 
  • Reactive systems are further divided into polyurethane, epoxy, and others. 
  • Solvent-based adhesives are sub-divided into vinyl acetate, PVA (Polyvinyl Acetate), and rubber, among others.
  • Pressure-sensitive adhesive type is sub-divided into acryl, and rubber types, among others.
  • Water-based adhesives are sub-divided into acryl emulsion and vinyl acetate.
  • The hot melt category can be further classified as EVA (Ethylene Vinyl Acetate) and rubber. 
  • The major types of sealants evaluated by EMR are silicones, acrylic, butyls, polysulphides, and polyurethanes, among others.
  • Paper, board and related products, construction, building, civil engineering, craftsmen, woodworking and joinery, transportation, footwear and leather, consumer/DIY, and assembly operations, among others are the leading end-use sectors for adhesives, construction (incl. insulating glass, glazing), consumer/DIY, assembly, and transportation sectors, among others, are the major end-use sectors for sealants.
  • The North America sealants and adhesives market is divided regionally into the United States of America and Canada.

Key Findings of The Report:

  • The growing investments for building smart cities is aiding the sealants and adhesives industry.
  • The rising trend in North America to produce lighter weight fuel-efficient vehicles, apart from the over-all growth of auto sales and production in the U.S., is further propelling the sealants and adhesives market forward.
  • The rise in the application sectors like construction and transportation is the driving factor of the market. 
  • The growing packaging industry in North America is further driving the sealants and adhesives industry as convenient packaged foods such as ready-to-eat food, and ready-to-drink beverages are increasingly consumed due to busier lifestyles of consumers.

Key Offerings of the Report:

  • The EMR report provides an overview of the North America sealants and adhesives market for the periods (2016-2020) and (2021-2026).
  • The report provides an in-depth analysis of the market for the periods 2016-2020 and 2021-2026, according to their end-uses, types, and regions.
  • The report also offers a detailed trade analys, covering the major exporting and importing countries by value and volume. 
  • It gives an in-depth look into the regional price trends in the North America sealants and adhesives market for the periods (2016-2020) and (2021-2026).

Henkel AG & Company, KGaA, H.B. Fuller Company, Arkema Inc., Sika AG, Wacker Chemie AG, Saint-Gobain S.A., Evonik Chemicals Limited, The Dow Chemical Co., Royal Adhesives & Sealants, and RPM International Inc, among others, are the key players in the North America sealants and adhesives market. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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