North America Waterborne Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The North America waterborne adhesives market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the increasing investments in the infrastructure & construction . However, Limited Resistance to Moisture and Water is likely to hinder the growth of the market studied.

• Growing advancements in food packaging and safety industry is expected to provide a major growth opportunity for the market studied.
• United States accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
• Among the end-user industries, building & construction is expected to dominate the market during the forecast period.

Key Market Trends

Construction Industry to Dominate the Market

• In the construction sector, adhesives are used in concrete, ceramic tiles, carpet laying, flooring underlayment, drywall lamination, joint cement, manufactured housing, pre-finished panels, resilient flooring, roofing, and wall covering.
• Various types of adhesives are used depending on the purposes they serve. The growth in green building construction, coupled with the rising concern about the quality of construction, is accelerating the demand for water-borne adhesives.
• Water-borne adhesives are produced from either soluble synthetic polymers or natural polymers. Water-borne adhesives use water as a carrier or diluting medium to disperse a resin.
• Water-borne adhesives are increasingly becoming an integral part of construction chemicals, owing to their eco-friendly and low-toxic nature, high solid content, and high initial adhesion properties.
• Hence, owing to the above-mentioned reasons, the building & construction industry is likely to dominate the market studied

United States to Dominate the Market

• United States accounts for the largest market by volume for waterborne adhesives market in North America currently.
• Rise in the construction of green buildings in the country is driving the demand for waterborne adhesives in the country.
• United States also observes the highest adoption rate for waterborne adhesives in various industries, like construction, footwear, woodwork, aerospace, transportation, and medical among other.
• Hence, owing to the above-mentioned reasons, United States is likely to dominate the market studied during the forecast period.

Competitive Landscape

The North America waterborne adhesives market is moderately consolidated as the market of the market share is divided among a few players. Some of the key players in the market include 3M, Arkema Group, Dow, Henkel AG & KGaA, and Sika AG, amongst others.

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