North America Composite Adhesive Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$765.2

Forecast, 2030 (US$M)

$1,135.8

CAGR, 2024 - 2030

5.8%

Report Coverage

North America

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.

Key Regions: U.S. , UK , Japan , Brazil , Canada

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Composite Adhesive Market Scope

Composite adhesive market segmentation & 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. Although the country is witnessing a decline in automobile production, the rise in the production of EVs is expected to have a positive impact on the demand for composite adhesives.

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. Production from these plants will begin in 2025.

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. The new state-of-the-art facility will produce structural adhesives and gelcoats.

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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.