Market by Technology, Type, End-user, and Country | Forecast 2021-2028
Triton Market Research has concluded that
the North America adhesives market is projected to grow at a CAGR of 5.02%
(value) and 4.07% (volume) in the estimated years 2021-2028.
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The countries studied in this market are:
• United
States
• Canada
In 2017, a total of 14,498,000 new
residential housing units were under construction in the US. This increased to
further increased to 14,989 thousand units in 2018, with a growth of 3.39%. This
growing rate of residential construction is increasing the demand for adhesives
in the country.
Furthermore, the United States is the
largest electronics market in the world. This is attributable to the adoption
of advanced technology, the rising number of R&D centers being developed,
and a rise in the demand from consumers. Also, there is a high demand for
newer, faster, and more efficient electronic products in the country. The rapid
pace of innovation, technological advancements, and R&D activities in the
field of electronics are responsible for this increased demand.
In addition, growth in the number of
manufacturing plants and development centers that focus on high-end products is
being witnessed in the country. All these factors are enhancing the demand for
adhesives in the US, which, in turn, is helping the growth of its adhesives
market.
Canada, on the other hand, has a thriving
footwear industry. In 2018, it garnered a revenue of $6,256 million. Also, it
is anticipated to observe steady growth in the next few years. Adhesives find
major applications in footwear, for purposes like assembly, bonding, sole
preparation, etc. thus, the growth in the footwear industry is increasing the
demand for adhesives in the country. This is aiding the Canadian adhesives
market to grow in the forthcoming years.
3M
Company (3M) is a diversified technology company engaged in manufacturing and
marketing a broad range of innovative products, such as adhesives, tapes, and
filtration products, among others. The company caters to a wide range of
industries, which include safety & graphics, healthcare, consumer goods, and
electronics & energy. It distributes its products directly to users and
also via a network of wholesalers, retailers, distributors, dealers, and
jobbers. The US-based company is headquartered in Saint Paul, Minnesota.
1. NORTH
AMERICA ADHESIVES MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. PRODUCTION
BY JOINT VENTURES - KEY GROWTH STRATEGY
2.1.2. SHIFTING
FOCUS TOWARD ADHESIVE BONDING FOR COMPOSITE MATERIALS
2.1.3. RISING
DEMAND FOR BIO-BASED AND HYBRID ADHESIVES
2.2. IMPACT
OF COVID-19 ON ADHESIVES INDUSTRY
2.3. PORTER'S
FIVE FORCES ANALYSIS
2.4. MARKET
ATTRACTIVENESS MATRIX
2.5. INDUSTRY
COMPONENTS
2.6. VENDOR
SCORECARD
2.7. KEY MARKET
STRATEGIES
2.7.1. PARTNERSHIP/CONTRACTS/AGREEMENTS/COLLABORATIONS
2.7.2. BUSINESS
EXPANSIONS
2.7.3. ACQUISITIONS/MERGERS
2.7.4. PRODUCT
LAUNCH
2.8. MARKET
DRIVERS
2.8.1. IMPROVING
CONSTRUCTION INDUSTRY
2.8.2. GROWING
APPLICATIONS IN PACKAGING INDUSTRY
2.9. MARKET
CHALLENGES
2.9.1. STRINGENT
RULES
2.9.2. UNCERTAINTY
IN RAW MATERIAL PRICES
2.10. MARKET OPPORTUNITIES
2.10.1. DEMAND FROM CONSUMER ELECTRONICS INDUSTRY
2.10.2. APPLICATIONS IN AUTOMOTIVE INDUSTRY
3. NORTH
AMERICA ADHESIVES MARKET - BY TECHNOLOGY (IN TERMS OF VALUE: $ MILLION &
IN TERMS OF VOLUME: KILOTON)
3.1. WATER-BASED
3.2. SOLVENT-BASED
3.3. HOT
MELT
3.4. REACTIVE
& OTHERS
4. NORTH
AMERICA ADHESIVES MARKET - BY TYPE (IN TERMS OF VALUE: $ MILLION & IN
TERMS OF VOLUME: KILOTON)
4.1. ACRYLIC
4.2. POLYVINYL
ACETATE (PVA)
4.3. POLYURETHANE
4.4. STYRENIC
BLOCK
4.5. EPOXY
4.6. ETHYLENE
VINYL ACETATE (EVA)
4.7. OTHER
PRODUCT TYPES
5. NORTH
AMERICA ADHESIVES MARKET -BY END-USER (IN TERMS OF VALUE: $ MILLION & IN
TERMS OF VOLUME: KILOTON)
5.1. AUTOMOTIVE
5.2. CONSTRUCTION
5.3. PACKAGING
5.4. FOOTWEAR
5.5. FURNITURE
5.6. PRESSURE
SENSITIVE
5.7. OTHER
END-USERS
6. NORTH
AMERICA ADHESIVES MARKET - REGIONAL OUTLOOK (IN TERMS OF VALUE: $ MILLION
& IN TERMS OF VOLUME: KILOTON)
6.1. UNITED
STATES
6.2. CANADA
7. COMPETITIVE
LANDSCAPE
7.1. 3M
COMPANY
7.2. ARKEMA
SA
7.3. ASHLAND
NORTH AMERICA SPECIALTY CHEMICALS INC
7.4. AVERY
DENNISON CORPORATION
7.5. BASF
SE
7.6. BEARDOW
& ADAMS (ADHESIVES) LIMITED
7.7. DOW
CHEMICAL COMPANY
7.8. EASTMAN
CHEMICAL COMPANY
7.9. HB
FULLER COMPANY
7.10. HENKEL AG & CO KGAA
7.11. HEXCEL CORPORATION
7.12. HUNTSMAN CORPORATION
7.13. MOMENTIVE PERFORMANCE MATERIALS INC (MPM)
7.14. RPM INTERNATIONAL INC
7.15. SIKA AG
7.16. UNISEAL INC
8. METHODOLOGY
& SCOPE
8.1. RESEARCH
SCOPE
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: MARKET ATTRACTIVENESS
MATRIX
TABLE 2: VENDOR SCORECARD
TABLE 3: KEY STRATEGIC
DEVELOPMENTS
TABLE 4: NORTH AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 5: NORTH AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN KILOTON)
TABLE 6: NORTH AMERICA
ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN $ MILLION)
TABLE 7: NORTH AMERICA
ADHESIVES MARKET, BY TECHNOLOGY, 2021-2028 (IN KILOTON)
TABLE 8: NORTH AMERICA
ADHESIVES MARKET, BY TYPE, 2021-2028 (IN $ MILLION)
TABLE 9: NORTH AMERICA
ADHESIVES MARKET, BY TYPE, 2021-2028 (IN KILOTON)
TABLE 10: NORTH AMERICA
ADHESIVES MARKET, BY END-USER, 2021-2028 (IN $ MILLION)
TABLE 11: NORTH AMERICA
ADHESIVES MARKET, BY END-USER, 2021-2028 (IN KILOTON)
TABLE 12: NORTH AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN $ MILLION)
TABLE 13: NORTH AMERICA
ADHESIVES MARKET, COUNTRY OUTLOOK, 2021-2028 (IN KILOTON)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: INDUSTRY COMPONENTS
FIGURE 3: NORTH AMERICA
ADHESIVES MARKET, BY TECHNOLOGY, 2020 & 2028
FIGURE 4: NORTH AMERICA
ADHESIVES MARKET, BY WATER-BASED, 2021-2028 (IN $ MILLION)
FIGURE 5: NORTH AMERICA
ADHESIVES MARKET, BY SOLVENT-BASED, 2021-2028 (IN $ MILLION)
FIGURE 6: NORTH AMERICA ADHESIVES
MARKET, BY HOT MELT, 2021-2028 (IN $ MILLION)
FIGURE 7: NORTH AMERICA
ADHESIVES MARKET, BY REACTIVE & OTHERS, 2021-2028 (IN $ MILLION)
FIGURE 8: NORTH AMERICA
ADHESIVES MARKET, BY TYPE, 2020 & 2028
FIGURE 9: NORTH AMERICA
ADHESIVES MARKET, BY ACRYLIC, 2021-2028 (IN $ MILLION)
FIGURE 10: NORTH AMERICA
ADHESIVES MARKET, BY POLYVINYL ACETATE (PVA), 2021-2028 (IN $ MILLION)
FIGURE 11: NORTH AMERICA
ADHESIVES MARKET, BY POLYURETHANE, 2021-2028 (IN $ MILLION)
FIGURE 12: NORTH AMERICA
ADHESIVES MARKET, BY STYRENIC BLOCK, 2021-2028 (IN $ MILLION)
FIGURE 13: NORTH AMERICA
ADHESIVES MARKET, BY EPOXY, 2021-2028 (IN $ MILLION)
FIGURE 14: NORTH AMERICA
ADHESIVES MARKET, BY ETHYLENE VINYL ACETATE (EVA), 2021-2028 (IN $ MILLION)
FIGURE 15: NORTH AMERICA
ADHESIVES MARKET, BY OTHER PRODUCT TYPES, 2021-2028 (IN $ MILLION)
FIGURE 16: NORTH AMERICA
ADHESIVES MARKET, BY END-USER, 2020 & 2028
FIGURE 17: NORTH AMERICA
ADHESIVES MARKET, BY AUTOMOTIVE, 2021-2028 (IN $ MILLION)
FIGURE 18: NORTH AMERICA
ADHESIVES MARKET, BY CONSTRUCTION, 2021-2028 (IN $ MILLION)
FIGURE 19: NORTH AMERICA
ADHESIVES MARKET, BY PACKAGING, 2021-2028 (IN $ MILLION)
FIGURE 20: NORTH AMERICA
ADHESIVES MARKET, BY FOOTWEAR, 2021-2028 (IN $ MILLION)
FIGURE 21: NORTH AMERICA
ADHESIVES MARKET, BY FURNITURE, 2021-2028 (IN $ MILLION)
FIGURE 22: NORTH AMERICA
ADHESIVES MARKET, BY PRESSURE SENSITIVE, 2021-2028 (IN $ MILLION)
FIGURE 23: NORTH AMERICA
ADHESIVES MARKET, BY OTHER END-USERS, 2021-2028 (IN $ MILLION)
FIGURE 24: NORTH AMERICA
ADHESIVES MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 25: UNITED STATES
ADHESIVES MARKET 2021-2028 (IN $ MILLION)
FIGURE 26: CANADA ADHESIVES
MARKET 2021-2028 (IN $ MILLION)