. Owing to pandemic scenario, the country went into lockdown, thereby halting all construction and manufacturing activities. Supply chain disruption, work stoppages, and labour shortages had negative impact on the market studied. However, the condition is expected to recover in 2021, which is expected to drive the market studied during the forecast period.

- Over the short term, increasing demand form packaging industry and contruction sector are expected to drive the market during the forecast period.

- Stringent environmental regulations regarding VOC emissions and negative impact of COVID-19 pandemic are likely to hinder the market’s growth.

- Growing popularity of bio-based adhesives is likely to create opportunities for the market’s growth in the future.

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Key Market Trends

Increasing Usage of Acrylic Water Borne Adhesives

- Water-borne acrylic adhesives are considered as an environmentally friendly and economically feasible substitute to solvent-based adhesives. The major advantage of water-borne adhesives is the absence of volatile organic compounds.

- The properties of the acrylics include durability, color retention, quick-drying, environmentally friendly, impact-resistant, etc. Acrylics are majorly used on exterior and interior surfaces, such as on frames, doors, wall surfaces, trim, etc.

- Acrylics can be applied to areas, such as primed metals, direct to metal applications, wood, and masonry surfaces. Acrylics are also used directly to metal or as a topcoat for many colors and gloss levels.

- The application of the acrylics includes bonding wood, paper, wall panel bonding, sealing (grouts), textiles bonding, paper stamps, leather tile envelopes, labels, etc. Acrylics are used by various end-user industries, such as buildings and construction, woodworking and joinery, paper, board, packaging, etc.

- Furthermore, acrylics are majorly used by paper, board, and packaging industries. Packaging industry
dominates the demand for acrylic adhesives with numerous applications in products, such as tapes, labels, cases, and cartons.

- Factors, such as e-commerce, online food deliveries, and innovation and development in the packaging industry has been driving the growth of the packaging industry in the country.

- All the afore-mentioned factors are expected to drive the demand for adhesives and sealnts over the forecast period.

Rising Demand from Building and Construction Industry

- United States has one of the world’s largest construction industry and it recorded an annual revenue of USD 1,306 billion in 2019. The United States is a major industrialized nation that houses multiple industries in heavy-scale, medium-scale, and small-scale categories. The country is known for its booming commercial activities.

- Adhesives and sealants have been extensively used in the building and construction industry owing to their characteristics and physical properties. These properties include good adhesion and elasticity, cohesion, high cohesive strength, flexibility, the high elastic modulus of the substrate, resistance from thermal expansion, and environmental resistance from UV light, corrosion, saltwater, rain, and other weathering conditions.

- They have a myriad of applications. They are used in heating, ventilation, air conditioning (HVAC), concrete, joint cement, manufactured housing, resilient flooring, roofing, wall covering, pre-finish panels, drywall lamination, joints in exterior walls, spandrels, repair of larger cracks, the perimeter of doors and fixed window frames, etc.

- The construction industry in the United States continued to expand, owing to a strong economy and positive market fundamentals for commercial real estate, along with an increase in federal and state funding for public works and institutional buildings.

- In the country, the growing population is expected to boost the demand for housing. Furthermore, about 20 million households are projected to be constructed over the next decade. The US commercial construction sector is expected to witness growth in the next few years.

- According to the Federal National Mortgage Association (Fannie Mae), the residential houses construction was expected to jump by 10% through 2020, with 1 million new homes expected to hit the market by the end of 2021. Although the residential construction is impacted due to COVID-19 in financial years 2020 and 2021, which will likely hit the adhesives and sealants market, the growth is expected to pick up after 2021 and continue during the forecast period.

- All the aforementioned factors, in turn, are expected to boost the demand for adhesives and sealants in the country during the forecast period.

Competitive Landscape

The United States adhesives and sealants market is consolidated in nature. The major companies include 3M, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and H.B. Fuller Company, among others.

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