NORTH AMERICA ADHESIVES MARKET 2021-2028

NORTH AMERICA ADHESIVES MARKET 2021-2028

MARKET OUTLOOK

According to Triton Market Research, the North American adhesives market is anticipated to rise with a CAGR of 5.02% in value terms and 4.07% in volume terms in the estimated years 2021-2028.

The United States and Canada together shape the market in this region.

The healthcare sector in the United States is one of its most advanced fields. The growing geriatric populace and the increasing requirement for medical facilities to treat chronic diseases are responsible for the growth of this sector. In 2018, the nation’s spent $3.65 trillion on healthcare. In the same year, the total expenditure on health per capita in the US was around $11,212, making it the country spending the highest on healthcare in the world.

Medical adhesives are largely used in healthcare, and thus, the growth of this sector positively influences the demand for adhesives. This demand is fueling the growth of the studied market in the United States.

In the United States, the footwear and leather markets have experienced significant growth in the last few years. These markets are expected to continue to progress in the years to come, given the growing demand. Adhesives are largely used in footwear. Therefore, the growth in these industries is propelling the growth of the US’ adhesives market in the forecast phase.

COMPETITIVE OUTLOOK

Some of the companies present in this market are 3M Company, Arkema SA, ASHLAND GLOBAL SPECIALTY CHEMICALS INC, Henkel AG & Co KGaA, Avery Dennison Corporation, Sika AG, Uniseal Inc, and Eastman Chemical Company.