The North America Specialty Adhesives Market would witness market growth of 3.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 301.92 Kilo Tonnes, showcasing a growth of 3.2% (2019-2022).
Polyurethanes are pivotal components in the market, renowned for their exceptional versatility and performance across a wide range of applications. These adhesives, formulated with polyurethane as a key ingredient, offer superior bonding strength and durability, making them ideal for demanding applications in industries such as automotive, construction, and aerospace. Consequently, the US market utilized 68.39 kilo tonnes in the market in 2022.
The US market dominated the North America Specialty Adhesives Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,110.8 Million by 2030. The Canada market is experiencing a CAGR of 6% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 5.1% during (2023 - 2030).
Likewise, nano and microtechnology are leveraged to develop these adhesives with nanoscale or microscale features, such as nanoparticles, nanofibers, or microcapsules. These innovations enable precise control over adhesive properties, such as viscosity, tackiness, and curing kinetics, improving bonding performance and functionality in microelectronics, medical devices, and other precision applications. In addition, digital technologies such as machine learning, simulation software, and predictive modeling are employed to optimize adhesive formulations, manufacturing processes, and quality control. Adhesive manufacturers embrace digitalization and Industry 4.0 principles to enhance product development, production efficiency, and customer service.
They provide high-strength bonds between dissimilar materials such as metals, plastics, and composites, contributing to vehicle lightweighting, crashworthiness, and acoustic insulation. For example, as per the International Trade Administration (ITA), the automotive sector is one of Italy’s main industries, and in 2022, the automotive sector’s turnover was €92.7 billion, which was 9.3% of Italy’s manufacturing turnover and 5.2% of Italy’s GDP. In 2022, 7,82,629 vehicles (486,111 cars, 234,798 light commercial vehicles, and 61,720 trucks and buses) were produced in Italy. 13,35,487 new cars, 9.5% fewer than in the prior year, were registered in 2022.
Canada is a major player in the global aerospace industry, with a strong presence in aircraft manufacturing, including commercial aircraft, business jets, and regional aircraft. The growing investment in aerospace increases aircraft production, driving demand for the adhesives used in aircraft assembly, bonding, and finishing applications. As per the data released in 2023 by the International Trade Administration (ITA), Mexico’s goal is 35% of electricity from clean energy sources by 2024, which includes power regeneration from renewable. Therefore, the expansion of renewable energy sector and increasing investment in the aerospace industry in the region will aid in the expansion of the market throughout the forecast period.
Free Valuable Insights: The Specialty Adhesives Market is Predict to reach USD 6.3 Billion by 2030, at a CAGR of 4.4%
Based on Product, the market is segmented into Cyanoacrylates, Acrylic, Polyurethane, Polyvinyl Acetate and Others. Based on End-Use, the market is segmented into Construction, Automotive, Aerospace, Marine and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Product (Volume, kilo Tonnes, USD Billion, 2019-2030)
By End-Use (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)
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