The market is further projected to grow at a CAGR of 3% in the forecast period of 2019-2024.
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Competitive Landscape & Supplier Analysis:
1. Henkel AG & Company, KGaA
2. H.B. Fuller Company
3. Arkema Inc.
4. Sika AG
5. Wacker Chemie AG
6. Saint-Gobain S.A
7. Evonik Chemicals Limited
8. The Dow Chemical Co.
9. Royal Adhesives & Sealants
10. RPM International Inc
11. Others
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.
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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 2019, 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.
North America Adhesives Market Analysis:
1. Reactive Systems
2. Solvent Based
3. Pressure Sensitive
4. Water Based
5. Hot Melt
6. Others
Adhesives are broadly split into reactive systems, solvent-based, pressure sensitive, water based, and hot melt.
Reactive Systems
1. Epoxy
2. Polyurethane
3. Others
Reactive systems are further categorised into epoxy, polyurethane, and others.
Solvent Based
1. Vinyl Acetate
2. PVA (Polyvinyl Acetate)
3. Rubber
4. Others
Solvent-based adhesives include vinyl acetate, PVA (Polyvinyl Acetate), and rubber, and others.
Pressure Sensitive
1. Acryl
2. Rubber
3. Others
Pressure sensitive adhesive type is further divided into acryl, and rubber types, and others.
Water Based
1. Acryl Emulsion
2. Vinyl Acetate
3. Others
Water-based adhesives include acryl emulsion and vinyl acetate.
Hot Melt
1. EVA (Ethylene Vinyl Acetate)
2. Rubber
3. Others
The hot melt category can be divided as EVA (Ethylene Vinyl Acetate) and rubber.
Others
North America Sealants Market Analysis:
1. Silicones
2. Acrylic
3. Butyls
4. Polysulphides
5. Polyurethanes
6. Others
The major types of sealants are silicones, polysulphides, acrylic, butyls, and polyurethanes, among others.
North America Adhesives Market End-Use:
1. Paper, Board and Related Products
2. Building, Construction, Civil Engineering, Craftsmen
3. Woodworking and Joinery
4. Transportation
5. Footwear and Leather
6. Consumer/DIY
7. Assembly Operations
8. Others
Paper, board and related products, construction, building, civil engineering, artisans, woodworking and joinery, transportation, footwear and leather, consumer/DIY, and assembly operations, among others are the leading end-use sectors for adhesives.
North America Sealants Market End-Use:
1. Construction (Incl. Insulating Glass, Glazing)
2. Consumer/DIY
3. Assembly
4. Transportation
5. Others
Construction (incl. insulating glass, glazing), consumer/DIY, assembly, and transportation sectors, among others, are the major end-use sectors for sealants.
North America Sealants and Adhesives Market Analysis by Regions:
1. United States of America
2. Canada
The North America sealants and adhesives market is divided regionally into the United States of America and Canada.
Key Findings of The Report:
1. The growing investments for building smart cities is aiding the sealants and adhesives industry.
2. 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.
3. The rise in the application sectors like construction and transportation is the driving factor of the market.
4. 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:
1. The EMR report provides an overview of the North America sealants and adhesives market for the periods (2014-2018) and (2019-2024).
2. The report provides an in-depth analysis of the market for the periods 2014-2018 and 2019-2024, according to their end-uses, types, and regions.
3. The report also offers a detailed trade analys, covering the major exporting and importing countries by value and volume.
4. It gives an in-depth look into the regional price trends in the North America sealants and adhesives market for the periods (2014-2018) and (2019-2024).
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