North America Construction Adhesives Market Size & Outlook
North America construction adhesives market, 2018-2030 (US$M)
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North America construction adhesives market highlights
- The North America construction adhesives market generated a revenue of USD 5,038.7 million in 2022.
- The market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, water based was the largest revenue generating technology in 2022.
- Reactive & Others is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 5,038.7 million |
| Market revenue in 2030 | USD 8,607.4 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Water based |
| Fastest growing segment | Reactive & Others |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Reactive & Others |
| Key market players worldwide | 3M Co, Sika AG, Dow Inc, Arkema SA, Henkel AG & Co KGaA, Illinois Tool Works Inc, Avery Dennison Corp, RPM International Inc, H.B. Fuller Co, Franklin International |
Other key industry trends
- In terms of revenue, North America region accounted for 33.6% of the global construction adhesives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,876.2 million by 2030.
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Construction Adhesives Market Scope
Construction Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America construction adhesives 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 construction adhesives market will help companies and investors design strategic landscapes.
Water based was the largest segment with a revenue share of 42.4% in 2022. Horizon Databook has segmented the North America construction adhesives market based on water based, solvent based, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
Construction sector of North America is one of the leading sectors globally and contributes heavily to the region’s GDP. As a result of the economy's recovery from the recession of 2009 and 2010, there has been an increase in investments in both residential and non-residential building in North America. This has resulted in improved demand for construction adhesives.
The In the upcoming years, the U.S. government's infrastructure development support policies are anticipated to fuel the market for building adhesives. For instance, the American government unveiled a comprehensive plan to strengthen the infrastructure industry in the middle of 2017. The federal government aims to generate close to USD 200 billion in investments, per the plan.
The funding is planned through a combination of federal investment that is expected to encourage private entities. Much of the incentivized non-federal investments is anticipated to originate from public-private partnerships. Such policies are predicted to facilitate the growth for the U.S construction adhesives market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America construction adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into North America construction adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America Construction Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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