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

The North America construction adhesives market is expected to grow at a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing demand from building & construction sector in the United States.

• Rising Demand from Panels and Glazing in High-Rise Buildings 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 technology, waterborne adhesives are expected to dominate the market studied during the forecast period.

Key Market Trends

Waterborne Technology to Dominate the Market

• Water-borne adhesives use water as a carrier or a diluting medium, to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent.
• They can be considered as low-VOC adhesives. Water-borne adhesives are produced from either soluble synthetic polymers (from polymers, such as cellulose ethers, polyvinyl alcohol, methylcellulose, carboxymethylcellulose, and polyvinyl pyrrolidone) or natural polymers (from vegetable sources, such as starches and dextrins; protein sources, such as blood, fish, milk albumen, and soybean; and animal sources, such as bones and hides).
• Acrylic water-borne adhesives and latex water-borne adhesives are majorly employed for different applications, in the building and construction industry.
• Acrylic water-borne adhesives are mainly used as a pressure-sensitive adhesives in the construction sector, in the form of labels and tapes, for tile bonding and laminating purposes.
• The significant growth of the construction industry in the United States has boosted the demand for construction adhesives in the recent past.
• Hence, owing to the above-mentioned reasons, waterborne technology is expected to dominate the market studied.

United States to Dominate the Market

• United States accounts for the largest market share for construction driven primarily owing to the growing infrastructure projects in the region.
• Growing population, changes in household size, and pent-up demand is driving the demand in the residential housing sector rapidly.
• The growing reconstruction and remodeling of old houses in the United States too is also helping to drive the construction market in the region, which, in turn, is expected to drive the market for construction adhesives.
• Hence, owing to the above-mentioned factors, United States is likely to dominate the market studied during the forecast period.

Competitive Landscape

The North America 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, among others.

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