North America Composite Adhesive Market Size & Outlook
North America composite adhesive market, 2018-2030 (US$M)
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North America composite adhesive market highlights
- The North America composite adhesive market generated a revenue of USD 765.2 million in 2023.
- The market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, epoxy was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 765.2 million |
| Market revenue in 2030 | USD 1,135.8 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Epoxy |
| Fastest growing segment | Acrylic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Epoxy, Polyurethane, Cyanoacrylate, Other Products |
| Key market players worldwide | 3M Co, Arkema SA, Dow Inc, Henkel AG & Co KGaA, H.B. Fuller Co, Huntsman Corp, Illinois Tool Works Inc, Parker Hannifin Corp, Sika AG |
Other key industry trends
- In terms of revenue, North America region accounted for 21.2% of the global composite adhesive market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,135.8 million by 2030.
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Composite Adhesive Market Scope
Composite Adhesive Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America composite adhesive market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to composite adhesive market will help companies and investors design strategic landscapes.
Epoxy was the largest segment with a revenue share of 35.95% in 2023. Horizon Databook has segmented the North America composite adhesive market based on acrylic, epoxy, polyurethane, cyanoacrylate, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. is one of the leading producers of automobiles, including commercial and passenger vehicles, with the presence of several leading global manufacturers such as General Motors, Fiat Chrysler Automobiles, Toyota, and Ford Motors.
For instance, in September 2021, Ford Motor Company announced their plans to set up two new environmentally and technologically advanced campuses in Tennessee and Kentucky, which will produce the electric F-Series trucks and batteries to power their future electric Ford and Lincoln vehicles.
Furthermore, the growth in advanced manufacturing in the U.S. is stimulating the demand for composite adhesives in the country. For instance, in October 2021, Scott Bader Company Ltd invested USD 16 million to set up a new production site in North Carolina.
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Target buyers of North America composite adhesive market databook
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Our clientele includes a mix of composite adhesive market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America composite adhesive market , including forecasts for subscribers. This continent databook contains high-level insights into North America composite adhesive market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America composite adhesive market outlook size, by country, 2018-2030 (US$M)
North America Composite Adhesive Market Outlook Share, 2023 & 2030 (US$M)
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