North America & Europe Adhesives And Sealants Market To Reach $118.2 Billion By 2030

North America & Europe Adhesives And Sealants Market Growth & Trends

The North America & Europe adhesives and sealants market size is expected to reach USD 118.2 billion by 2030, growing at a CAGR of 7.7%, according to a new report by Grand View Research, Inc. The industry growth is majorly driven by the large-scale utilization of the product for assembling glass, metals, rubber, etc. in the automotive and construction industries. Progress in adhesive and sealant technology has spurred the creation of highly efficient and customized solutions. Manufacturers are now crafting adhesive and sealant products precisely designed to address the unique requirements of diverse sectors, including automotive, construction, electronics, and aerospace.

Within the automotive sector, adhesives and sealants hold a critical position, impacting aspects like vehicle design, manufacturing procedures, and overall performance. According to Permabond, adhesives and sealants tailored for the automotive industry provide an efficient and lightweight approach to connecting plastic and composite components. By substituting traditional mechanical fasteners with these adhesive solutions, manufacturers of automotive components can realize numerous advantages. These encompass reduced component weight, achieving a cleaner and more aerodynamic finish, enhancing stress distribution, and elevating component performance.

The United States' dominant position in the automotive industry is emphasized by the ongoing significant investments made by companies in the country. This manufacturing prowess results in cutting-edge technologies and has a far-reaching impact, creating stable and enduring employment opportunities across the nation. Numerous adhesive and sealant manufacturers in North America opt for direct engagement with industries like automotive, aerospace, construction, electronics, and packaging. These manufacturers frequently forge partnerships with prominent industrial clients, delivering tailor-made solutions that precisely cater to their unique requirements.

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North America & Europe Adhesives And Sealants Market Report Highlights

• Based on technology, the water-based adhesive segment dominated the market in 2022 accounting for a revenue share of 24.0% due to their environment-friendly nature as they have a significantly lower volatile organic compound (VOC) content

• Based on product, silicone sealants dominated the market in 2022 accounting for a revenue share of 31.0% due to their usage in different applications worldwide

• North America is predicted to grow at the highest CAGR of 7.8% over the forecast period due to the rising construction activities in the region

North America & Europe Adhesives And Sealants Market Segmentation

Grand View Research has segmented the North America & Europe adhesives and sealants market based on technology, product, application, and region:

North America & Europe Adhesives Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Water-based

• Solvent-based

• Hot Melt

• Reactive & Others

North America & Europe Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Acrylic

• PVA

• Polyurethanes

• Styrenic Block

• Epoxy

• EVA

• Other Products

North America & Europe Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Paper & Packaging

• Consumer & DIY

• Building & Construction

• Furniture & Woodworking

• Footwear & Leather

• Automotive & Transportation

• Medical

• Other Applications

North America & Europe Sealants Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Silicones

• Polyurethanes

• Acrylic

• Polyvinyl Acetate

• Other Products

North America & Europe Sealants Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Construction

• Automotive

• Packaging

• Assembly

• Consumer Electronics

• Other Applications

North America & Europe Adhesives And Sealants Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

List of Key Players in the North America & Europe Adhesives And Sealants Market

• 3M

• Arkema

• Avery Dennison Corporation

• H.B. Fuller

• Henkel AG & Co.

• Pidilite Industries Ltd.

• Huntsman International LLC.

• Wacker Chemie AG

• Sika AG

• RPM International Inc.