PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682770
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682770
The U.S. adhesive market is experiencing robust growth, driven by technological advancements in bonding techniques and a shift toward eco-friendly solutions. In 2024, the market was valued at approximately USD 10.21 billion and is projected to reach USD 16.40 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.23% during the forecast period.
Key Insights
Innovations in bonding techniques have led to the development of high-performance adhesives that meet the stringent requirements of industries such as construction, automotive, packaging, and healthcare.
The increasing production of lightweight and electric vehicles has heightened the demand for adhesives in the automotive sector. Adhesives play a crucial role in bonding structural components, contributing to vehicle weight reduction and improved fuel efficiency.
The rise in online shopping and consumer preference for eco-friendly packaging have boosted the demand for pressure-sensitive adhesives. These adhesives are essential in creating sustainable and recyclable packaging solutions.
Stringent environmental standards regarding volatile organic compound (VOC) emissions have prompted chemical companies to develop bio-sourced, solvent-free, and recyclable bonding products. Water-borne and hot-melt adhesives are gaining popularity due to their reduced environmental impact and broad operational temperature range.
The Western region held the largest revenue share, approximately 40%, in 2024, attributed to its strong industrial base and advanced technological landscape. The Southern region is anticipated to witness the fastest growth, driven by expanding industrial activities and infrastructure development.
The U.S. adhesive market is characterized by a fragmented landscape, with numerous multinational companies and specialized firms. Continuous development of new adhesive varieties for diverse applications offers opportunities for new entrants and existing players to expand their product portfolios.