Rapid advancements in material science technologies and increasing application in wood working industries are some key factors driving market revenue growth
North America Moisture Curing adhesives Market Size – USD 5.47 Billion in 2020, Growth – at a CAGR of 7.2%, Trends – Rapid developments across construction industry
The global North America Moisture Curing Adhesives Market size is expected to reach USD 9.60 Billion in 2028 and register a CAGR of 7.2% over the forecast period, according to the latest report by Reports and Data. Global market revenue growth is driven by key factors such as ongoing developments in material science technologies, rising demand for personal vehicles, and increasing application of North America Moisture Curing adhesives in wood working industries. North America Moisture Curing adhesive is a type of adhesive that absorbs moisture to cause curing reaction. It is created using non-volatile prepolymers of urethane. Moisture cure adhesives mainly work on surfaces that are difficult to bond such as untreated metals, wood-based, or plastics surfaces that do not contain polyethylene or polypropylene.
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Top Companies: Bostik SA, Henkel AG Co. KGaA, 3M Company, H.B. Fuller, Royal Adhesives Sealants, LLC, Tosoh Corporation, Momentive Performance Materials Inc., The Dow Chemical Company, Illinois Tool Works Inc., and Dow Corning Corporation.
Further Key Finding from the Report Suggestion:
- In April 2020, Dow launched DOWSIL EA-3838 Fast Adhesive, which is an advanced primer less silicone adhesive that offers strong bond to multiple clean substrates through room-temperature cure within five minutes.
- Polyurethane segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing demand for polyurethane in building and construction sector due to various benefits such as extreme compression and tension load-bearing capacity, and weather resistance property.
- North America accounted for significantly larger revenue share among the regional markets in the global market in 2020. Increasing activities across construction and wood-coating industries and robust presence of key market players are major factors driving revenue growth of the market in this region.
Market Overview:
Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.
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The global North America Moisture Curing Adhesives market is segmented into:
Product Outlook (Revenue, USD Billion; 2018-2028)
- Polyurethane
- Silicone
- Cyanoacrylate
- Polyolefin
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
- Online
- Offline
Application Outlook (Revenue, USD Billion; 2018-2028)
- Construction
- Automotive
- Woodworking
- Textile
- Others
Regional Outlook:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market?
- What kind of strategic business plans have they made?
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