United States Adhesives and Sealants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

Key Highlights

• The expanding packaging industry in the region will likely drive the market significantly in the coming years.
• However, the strict regulations on the usage of VOC-free content are expected to hinder the market's growth.
• The development of bio-based and hybrid Adhesives is expected to be an opportunity.

US Adhesives & Sealants Market Trends

Increasing Demand from Packaging Industry

• Packaging is a fast-growing industry in terms of design and technology for protecting and enhancing products' safety and longevity.
• The demand for quick and on-the-go packaged items is increasing due to consumers' busier lifestyles, greater spending power, and related factors in the country. Due to the COVID-19 pandemic, the country-wide lockdowns and temporary shutdown of manufacturing facilities caused several issues, including disruptions in supply chains, imports, and exports.
• The growing interest in public health, along with the emerging e-commerce activities across the nation, is likely to continue boosting the growth of the food processing industry, which will further drive the packaging demand over the coming years.
• The United States packaging industry has been driven by the rapid growth of the food and beverage industry in recent years. The sales of packaging products to retail food and beverage stores amounted to around USD 880 billion in 2021, representing a growth of nearly 3.5% compared to 2020.
• Also, corrugated packaging in the United States is growing significantly. For example, the country shipped 416 billion square feet of corrugated packaging in 2021, representing a growth of nearly 8% compared to 2017.
• Thus, owing to the aforementioned factors, expanding the packaging industry will likely drive the market during the forecast period.

Growing Adoption of Water-borne Adhesives

• Water-borne is the majorly consumed adhesive technology across the country due to its favorable properties for multiple applications or end-user industries.
• Water-borne adhesives are often designed as dispersions or emulsions. The distributed polymer (latex) particles have a spherical form with a diameter of 50 - 300 nm. Since the concentration of the developing chains within each latex particle is shallow, high molecular weights are typically attained in emulsion polymerization.
• These adhesives are commonly used in the woodworking and footwear industries for bonding wood, paper, textiles, leather, and other porous substrates.
• Acrylic waterborne adhesives are the major resin type due to their cheaper cost and favorable environmental properties. They are also easier to use with multiple substrates and have moderate strength and resistance to temperature and other environmental factors.
• Waterborne adhesives are more environmentally friendly, have negligible VOC content that does not hamper the safety of workers at manufacturing sites, and are less expensive than other types of technologies.
• Thus, these factors are expected to boost demand for waterborne adhesives over the coming years.

US Adhesives & Sealants Market Competitor Analysis

Additional benefits of purchasing the report:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support